3 ms·
The US Government, specifically the SBA, defines a small business as any business with fewer than 1,500 employees and less than $38.5 million in average annual
by rsweeney21 6y ago
The US Government, specifically the SBA, defines a small business as any business with fewer than 1,500 employees and less than $38.5 million in average annual receipts.
I was surprised by this definition too.
- 542458 6y agoHunh, I would have thought it would be "or". I'm surprised as well!
- smarx007 6y agoThat sounds a bit strange, I would count any business with more than employees to be "medium" and 1000 to be large. Think of coffee shops: 1500 people allows you to have a network across multiple cities. But w.r.t. the amounts of money, they spent $57MM over 15 years, so it's $4MM/y using very rough math. Upd: https://www.sba.gov/sites/default/files/files/Size_Standards_Table.pdf https://www.sba.gov/sites/default/files/files/Size_Standards... says on p. 29 that it's less than $27.5MM or 1000 people, so you are right, it's quite a high bar. Upd2: EU caps small businesses at 50 people and medium at 250, which sounds much more reasonable to me https://www.ucl.ac.uk/procurement/suppliers/smes#:~:text=Definition,not%20more%20than%2050%20employees https://www.ucl.ac.uk/procurement/suppliers/smes#:~:text=Def....