Small Business

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Wikis > Small Business


According to the U.S. Small Business Administration, a Small Business is any company that has less than 500 employees. These startups plan on offering a product or service and will employ a staff either immediately or within the first two years of existence. While Small Businesses usually need more funding than a Single Person Service Company, the payout is generally larger. Entrepreneurs of Small Business use friends and family, bank loans, and small private investors to get the usual $25K – 250K they need to start, and after 3-5 years a Small Business may generate $1 – $10 million in revenue.

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