It is commonly thought that a small business is only dependent on the low numbers of employees. However, the truth is that there are other factors involved. One factor is the amount of profit coming into the business. Not only that, but the industry a company is in can affect the official designation as a small business. What are some examples of a small business?
Clearly, most home .
businesses count as small businesses. Someone who creates jewelry from her home and another person who does web design on his computer are both examples of small business owners. However, a small business can operate out of an office as well. A real-estate appraiser with two employees would be an example of that sort of home business.
Anyone thinking of starting a business should consult the Small Business Association to determine their official small business status.
More Reference Links: http://www.sba.gov/category/navigation-structure/contracting/contracting-officials/eligibility-size-standards http://boss.blogs.nytimes.com/2012/06/08/how-big-can-a-small-business-be-and-why-it-matters/
