SMBs (Small and Medium Businesses)

Small and Medium Businesses (SMBs) are companies that are larger than startups but smaller than large corporations. They are typically characterized by their number of employees, revenue, or market reach, with small businesses usually having fewer employees and less turnover than medium-sized ones. SMBs often serve local communities or niche markets, and they are vital to the economy because they create jobs, foster innovation, and drive economic growth. Despite limited resources compared to large corporations, SMBs are adaptable and play a crucial role in the business landscape.