small businesses

Small businesses are independently owned and operated companies that typically employ fewer than 500 people, though this can vary by industry. They play a vital role in the economy by creating jobs, driving innovation, and serving local communities. Small businesses can range from local shops and restaurants to service providers and online enterprises. Despite their size, they contribute significantly to overall economic growth and competitiveness, often bringing unique products and personalized services to the market. Supporting small businesses fosters community ties and helps sustain local economies.