Article Sphere Logo
 

What Is a Small Business?

By Expert Author: Abigail Franks Platinum Expert Author | Article Abstract
Word Count: 290 words | Views: 106 view(s)
According to the Security and Exchange Commission a Small Business is...
For SEC purposes, small businesses are defined as domestic companies with revenues of under $25 million, and not investment companies. Subsidiaries of larger companies do not qualify as small businesses...

while The Small Business Association says...
There are many definitions of a small business. In general, any business with revenue under $500,000 per year will qualify, but many larger agricultural and commercial businesses may also apply.

And many Business Schools and Authorities to Find a Small Business...
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. These businesses are normally privately owned corporations, partnerships, or sole proprietorships

For those of us who own and operate a small business or dream of having their own business in the future, small business is much more than those definitions.

The small business is:

1. A place where dreams can come true

2. Somewhere that allows us to control our own destiny

3. Encourages its owner to be creative

4. A first challenges that people with a career in a cubicle, could never imagine

5. Is the place an entrepreneur goes to work because they want to, not because they have to

6. The small business is the jobs growth engine of the country. 80% of the new jobs are created by small business.

7. Offers an entrepreneur the opportunity to build something greater than themselves

There seems to be something inside some of us that continues to drive us to be our own boss and control our success. The need to be creative will continue to drive budding entrepreneurs to leave the office cubicle behind and strike out on their own.
Abigail Franks

About the Author/Author Bio

Abigail Franks writes on a variety of subjects for more info on small business visit http://www.smallbiz-marketplace.com and http://www.smallbiz-marketplace.com/small_businesses.html

Article Source: http://www.articlesphere.com/Article/What-Is-a-Small-Business-/63022

Article Submitted: 2006-12-15 | This Article has been viewed 106 times.

Rate Article

Related Videos

Small Business Stories - Small Business Makeover Winner
How to Launch Your Own Small Business
Small Business Advice - IRS Forms for Self-Employed
Small Business Stories - Go Small Business
Small Business Stories - NFIB Summit
 

More "Small Business" Related Articles

 
 

Listed below are more articles related to the above article from the "Small Business" article category.

People interested in the above article "What Is a Small Business?" are also interested in the related articles listed below:

 
The IRS requires payers to file 1099 DIV copy A and 1096 forms to their office. Payers can choose to mail paper forms to the IRS directly or to electronically file their 1099 Div forms. You can file electronically through the Filing Information Returns Electronically System (FIRE System) you will be required to have software that produces a file in the proper format. The IRS requires payers filing 250 forms or more to electronically file. This rule applies to each type of 1099 form separately.
Business startup success stories abound! More than ever in this economy, many people are creating home based businesses and creating amazing achievements. Lets discuss how. What do you require to start a business? Do you need a huge, complex business plan to present to banks so you can obtain a loan? Do you need to present the plan to loads of investors and give up shares and control of the energy and labor you commit? Possibly you need a lot of property and equipment and a bunch of employees to direct who churn out your products? Or you need to negotiate with lots of vendors and the stress connected with paying them on time?
Different marketing strategies are the deep roots of any business. These are the best methods to determine the success of your small business. You are also advised to consider a more careful marketing strategy as well as correct combination to build as to ensure the success of your small business.
Starting a small business can be the most exciting time in someone's life…but it can also be the most frightening. With so many forms to fill out and preparations to make, starting a small business can be a huge undertaking. But once you get the ball rolling and you start to see the first signs of success, it can be a very rewarding achievement.
Personal computers, more commonly referred to as PCs, have become a necessary commodity on all our lives. No business can function efficiently today without computers. And there are very few homes where you won't find a computer, or two, or three, or more! While laptop computers are the latest rage, their functionality is limited in comparison to the traditional desktop computer.
Today, more and more individuals are learning they can make money utilizing the extra space in their garage to store bounce houses.
Getting your product into a chain store is no easy task. Not only do you need to prove your product fills a gap or is better than existing products on the market, you need to make sure you can meet the production demands of those chain stores. And that costs money.
 
Article Directory Home All Categories Business Small Business
 

Can't find what you're looking for? Try Google Search!
 
Copyright © 2005 - by Larry Lim, Singapore - Article Search Engine Directory at ArticleSphere.com™
All Rights Reserved Worldwide. All Trademarks and Servicemarks are the property of the respective owners.

Afrikaans Albanian Arabic Belarusian Bulgarian Catalan Chinese (Simplified) Chinese (Traditional) Croatian Czech Danish German English Estonian Filipino Finnish French Galician Greek Hebrew Hindi Hungarian Icelandic Indonesian Irish Italiano Japanese Korean Latvian Lithuanian Macedonian Malay Maltese Dutch Norwegian Persian Polish Portuguese Romanian Russian Serbian Slovak Slovenian Spanish Swahili Swedish Thai Turkish Ukrainian Vietnamese Welsh Yiddish