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+--- Thread: What is a small business? (/thread-131123.html)
What is a small business? - Kalika - 04-08-2014 07:15 PM
- Jake - 04-08-2014 07:22 PM
The Small Business Administration has some stats on what they consider a small business
http://www.sba.gov/category/navigation-structure/contracting/contracting-officials/eligibility-size-standards
- Peter - 04-08-2014 07:25 PM
Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. What constitutes "small" in terms of government support and tax policy varies by country and by industry, ranging from fewer than 15 employees under the Australian Fair Work Act 2009, 50 employees according to the definition used by the European Union, and fewer than 500 employees to qualify for many U.S. Small Business Administration programs, although in 2006 there were over 18,000 "small businesses" with over 500 employees that accounted for half of all the employees employed by all "small business". Small businesses can also be classified according to other methods such as sales, assets, or net profits.
- Albert - 04-08-2014 07:28 PM
Small business means you don't have that many employees but you can still make money!
- Richard - 04-08-2014 07:36 PM
As the name suggests, it a business small enough to provide more specific solutions to the needs of a well targeted audience.