In the course overview, we learned that micro-enterprises are businesses which typically have 5 or fewer employees and have less than $35,000 worth of seed funding. The majority of start-ups begin in this stage, as venture capitalists (investors) are reluctant to make investments until they see traction (sales, and the potential of the company.)
Sometimes, entrepreneurs are satisfied to own micro-enterprises. This is especially prevalent is countries and even cities here in the United States that face extreme poverty.
Please watch Planet 100 Micro Enterprise Video on YouTube using the following link: Planet 100: Empowering Women With Design and Micro-Enterprise . This video is about empowering women, who are often the poorest people in the world. After you have watched it, please answer question 5 and choose at least two additional questions from the list below to discuss with your classmates:
1. What are fair trade micro-enterprise programs?
2. Sophia Hirokawa Lin talks about fair trade micro finance. Why does she say that it is important?
3. Where is Raven and Lily located? Have you ever thought about that as a poor area?
4. How can women be oppressed?
5.. What types of products did you see being sold?
6. If there were a store like Raven & Lily in Memphis, what types of products do you think would sell well?
So, I consider the expansion of opportunities for business through the use of outsourcing services, including customer service https://wow24-7.io/blog/the-importance-of-customer-service-in-business Because the success of a business will always depend on the number of customers. So, in order to increase sales, you can start by treating the customer properly.
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