On Friday 8th January, the second global annual event ‘Micro Business Matters Day’ will be taking place, encouraging people around the world to support businesses with 9 or less members of staff.
This year’s event encourages people to give at least eight minutes of their time to benefit micro businesses. This includes businesses who are online, offline, on the ground, in the air and at sea, as there are no rules or limitations in enterprise!
The annual event celebrates the massive contribution that independent small business owners and the self-employed make to the global economy, communities and job creation. Proving the success of micro businesses, in 2015 there were 5.1 million micro businesses in the UK, which accounted for 95% of all businesses, 33% of employment and 18% of turnover.
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Although most countries are experiencing record numbers of micro business owners and self-employed workers, it’s been confirmed that it is getting more challenging to earn a reasonable living through this size business. There is often a struggle for small businesses to compete against large organisations and national/regional governments, with one in seven Brits are self-employed and are earning 20% less than they were in 2008.
On 8th January, the event’s organisers hope for one million people to get involved in giving eight minutes of their day to micro businesses. The three main areas of focus for #IGave8 (minutes of action) are:
A new way of donating in the #IGave8 social media campaign is to donate £8 (or the currency of your country) to micro sized businesses. This helps to support businesses that have experienced major crisis within their organisation, including illness, theft, technology blow outs, etc. Badly affected businesses are able to apply for a £500 grant, which will be awarded from the donations made through +moregiving.
Similar to Small Business Saturday in December 2015, events like this wouldn’t be as successful if it wasn’t for the online and offline networks that support the owners of the business and bringing micro businesses ‘together’.