Small business
private business with relatively small number of employees, capital, or revenue / From Wikipedia, the free encyclopedia
A small business, sometimes called a mom and pop store by some in the United States, is a business that is privately owned and operated. They have a small number of employees and do not sell many things. Whether or not the law says that a business is "small" is different in different countries and industries.
- The Australian Fair Work Act 2009 says that a small business is a business with less than 15 employees.
- In the European Union, to be called "small", a business must have fewer than 50 employees.
- In the United States, a business must have fewer than 500 employees to qualify for some Small Business Administration programs.[1]
- In India businesses with fewer than ten employees are in the "Unorganised sector".
Small businesses are common in many countries. Some examples include: convenience stores, other small shops (such as a bakery), hairdressers, tradesmen, lawyers, accountants, restaurants, guest houses, photographers, small-scale manufacturing, and online business, such as web design and programming.