Forums: Discussions for entrepreneurs and small business.

The concept of small business is fairly difficult to define. 

Margin, volume, number of employees and number of customers should all be taken into account. 

I have a friend who owns a small business that has only a hand full of employees, low upfront costs. It is a daily deal site called EF Buys, and it is a startup. But his website is designed to reach very wide range of customers. His business is targeting the 3 million small business all over the US.

But I think the website itself is also a small business

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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!!!

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Ed
Business Optimization - www.businessoptimization.biz

A small business is

• Starting up
• Employees less than 150
• Low profit
• Not much new clients/ buyers

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This is really new and interesting information that you have provide here. I appreciate you for this kind of discussion.

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Today people are quitting their jobs and are starting working on their own business from home. As internet has made the world so small that one can hold it in its hand, and so goes with the business.  Forex Options

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A small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales.

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According to me small business can be termed as a business that owned by a single owner and don’t have so much promotion for their products. It can be set in a small area and don’t have branding.

 

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