Small Business

A small business typically refers to an independently owned and operated company that has a limited number of employees and a relatively low volume of sales compared to larger corporations. These businesses can be found in various sectors, including retail, services, and manufacturing. They are crucial to the economy, contributing to job creation and innovation. The definition of "small" can vary by industry and location, but it often involves specific revenue and employee thresholds set by government guidelines or industry standards. Small businesses play a vital role in fostering community and supporting local economies.