Small Business Write for Us
A small business is a type of business. It receives its name for presenting a delimited workforce of 50 workers maximum, and a volume of turnover also delimited, with a maximum annual turnover of 10 million euros.
A small business, in other words, is a type of organization. It receives its name because it has reduced dimensions compared to different kinds of companies. In Europe, the small company has fewer than 50 workers, but more than 10. Regarding the volume of turnover, this same regulation establishes that it must invoice less than 10 million euros (12.1 million dollars).
As we said, these criteria vary depending on the country to which we refer. In this sense, the United States, through the Small Business Administration (SBA), establishes that a small business has fewer than 500 employees. While in Mexico, as another notable example, it creates this range between 11 and 30 workers; this, in addition to a turnover between 4 and 100 million pesos.
Small Business Key Features
As we said, these characteristics may vary depending on the country to which we refer. However, those characteristics of the small business are exposed:
- You must have between 10 and 50 workers.
- Your turnover must not exceed 10 million euros.
- It has reduced dimensions compared to other companies of higher categories.
- It is more significant in size than micro-companies but smaller than medium-sized companies.
- Together with the latter, the medium-sized company, they form what is known as “SMEs.”
- Together with the medium-sized company, they are the predominant category in the different productive fabrics of the planet.
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