SMALL BUSINESS :
Definition (wikipedia):
A small business may be defined 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 in the United States while under 50 employees in the European Union (In comparison, the American definition of mid-sized business by the number of employees is generally under 500 while 250 is for that of European Union). These businesses are normally privately owned corporations, partnerships, or sole proprietorships. In Australia, small business is defined as 1-19 employees and medium businesses are made up of 20-200 employees.
However, other methods are also used to classify small companies, such us annual sales (turnover), assets value or net profit (balance sheet), alone or in a mixed definition. These criteria are followed by the European Union, for instance (headcount, turnover and balance sheet totals).
Opening a Small Business
Aspiring entrepreneurs are fairly excited when they make the decision to open a small business. Sharing this news with friends and family usually generates a response referring to... |
Starting Your Own Small Business
You're smart, hard-working, and driven to succeed. Your friends describe you as innovative, entrepreneurial, and business-savvy. You have thought out an angle for a business that... |
Business Etiquette Matters
To succeed in business, it's not enough to be the first, the best, or the most competitive. It's not enough to monitor trends so you know when to make strategic changes that will... |
Ergonomics and Modern Workspace Design
Today, few small businesses need concern themselves with a lot of hard labor, but workers are breaking their backs at a whole new kind of grind, spending up to fourteen hours... |
Small Business Loans
Sooner or later most small businesses need to get a small business loan, whether to get the operating capital for business startup or to finance an expansion. But whether... |
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As the financial crisis deepens, local entrepreneurs could be facing more challenges when starting up small businesses. "Small business is the engine of the economy,"... |
Small business owners increasing
With big business struggling on Wall Street and a slow economy, new small businesses are becoming popular. Jeannie Carriker Skane just registered her own small business... |
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