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The Micro-preneur. Business with minimal risk. 

A micro-preneur is self employed. Most home-businesses started today are by micro-preneurs.

On the surface, a micro-preneurs is similar to a traditional entrepreneur. Underneath, they are very different. You see, micro-preneurs are entrepreneurs without the appetite for risk.

Characteristics of a micropreneur

Micropreneurs are well educated. They could earn a good living working for someone, but choose to work for themselves instead.
Micropreneurs, like entrepreneurs are motivated by freedom.
Micropreneurs don't take big risks. They usually hold onto their full time jobs while starting a business as a sideline. Only when their business is very successful, then they would quit their full time jobs. It could take several years before a micropreneur quits her full time job to focus on her business.

So if you don't have an appetite for risk, but want the freedom that comes with self employment, consider following in the micropreneur's footsteps. 

Hold onto your job while you look around for opportunities that fit in with your interests. Make sure you pick something that sells. There must be a demand for it in order for it to be worth your while.
Hone your skills and test the market in your spare time. Learn as much as you can about your chosen business.
Focus on the results. Focus on closing the sales.
Focus on earning a profit.
Think out of the box. Try new ideas. Don't be afraid of making mistakes. Just don't make the same mistake twice. Learn from your mistakes.
Think long term

Reference:The Perfect Business by Michael LeBoeuf.

 

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