Small business is a paradigm of a business and is a bit difficult to define. To identify it one may draw contrasts from large business.
- low margin
- high volume
- stable market
- Large margins
- low volume
- dynamic market
How that helps.
TJ Mollahan Engineer & Entrepreneur www.ShyEntrepreneur.com
I've consulted in companies from the billions of dollars - to the smallest one man operation - and even owned some companies in between. I can assure you, no one group has a lock on Margins (high or low), Volume, or dynamic market.
I've seen large companies with HUGE margins, small companies that didn't know how to count costs - and vice versa. I've seen the huge company selling one or two HIGH price items a year - not high volume.
I think as in truth, integrity, smart, or more currently guilty/innocent - everyone would draw the line in a very different place. The consulting companies that consult in the "small business" arena suggest broadly it is smaller than $50 million in revenue.
Even at the upper end, many of them keep records and make decisions like they did when they were one man operations. It is a wonderful soup out there!!!
Business Optimization - www.businessoptimization.biz