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What Is a Small Business? |
According to the Security and Exchange Commission a Small Business is...
For SEC purposes, small businesses are defined as domestic companies with revenues of under $25 million, and not investment companies. Subsidiaries of larger companies do not qualify as small businesses
while The Small Business Association says...
There are many definitions of a small business. In general, any business with revenue under $500,000 per year will qualify, but many larger agricultural and commercial businesses may also apply.
And many Business Schools and Authorities to Find a Small Business...
as a business with a small number of employees. The legal definition of "small" often varies by country and industry, but is generally under 100 employees. These businesses are normally privately owned corporations, partnerships, or sole proprietorships
For those of us who own and operate a small business or dream of having their own business in the future, small business is much more than those definitions.
The small business is:
1. A place where dreams can come true
2. Somewhere that allows us to control our own destiny
3. Encourages its owner to be creative
4. A first challenges that people with a career in a cubicle, could never imagine
5. Is the place an entrepreneur goes to work because they want to, not because they have to
6. The small business is the jobs growth engine of the country. 80% of the new jobs are created by small business.
7. Offers an entrepreneur the opportunity to build something greater than themselves
There seems to be something inside some of us that continues to drive us to be our own boss and control our success. The need to be creative will continue to drive budding entrepreneurs to leave the office cubicle behind and strike out on their own
| | Author Info:
Abigail Franks writes on a variety of subjects for more info on a cleaner house visit the site at http://www.smallbiz-marketplace.com/ and http://www.smallbiz-marketplace.com/small_businesses.html
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