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In real numbers most businesses in the US are "small businesses" because they have 500 or fewer employees. It says nothing about their financials though. A hedg
by giantrobot 6y ago
In real numbers most businesses in the US are "small businesses" because they have 500 or fewer employees. It says nothing about their financials though. A hedge fund managing billions of dollars, a start up with millions in VC funding, and a mom and pop florist are all "small businesses".
I'm definitely not disagreeing "small business" has been turned into a propaganda term. That process was helped by the silly tax classification of what's a "small business". A lot of marketing dollars go into making people think the mom and pop florist when they hear the term and not the hedge fund.