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Congrats. Love to read this. The notion of "what is small" is interesting. I think of small mom and pop shops. But compared to the "giants" of which there ar

Congrats. Love to read this. The notion of "what is small" is interesting. I think of small mom and pop shops. But compared to the "giants" of which there are several 30 is really small.

Ekaros 2y ago
Also what is medium. Currently working with company having couple hundred employees. Doing consulting and own products. Small compared to thousands or tens of thousand of large companies in field. But not anymore small even by EU rules...
- efsavage 2y ago
  For me the line between a small and medium business is if you have HR.
Ruarl 2y ago
I think a company is small whilst all the employees could conceivably fit into a house party. That is perhaps a better metric here in the UK where there are fewer colossal houses. But hopefully you get the idea.
portaouflop 2y ago
I would say below 50 employees is small, not quite mom&pop but small enough that you know everyone and there aren’t different separate “departments” in the company.
dugmartin 2y ago
The US SBA (Small Business Administration) has a table of industries with their definition of small using either dollar amount of receipts or number of employees: https://www.sba.gov/sites/default/files/2023-06/Table%20of%20Size%20Standards_Effective%20March%2017%2C%202023%20%282%29.pdf https://www.sba.gov/sites/default/files/2023-06/Table%20of%2... Here are some software related codes/sizes where $ amounts are in millions: 541511 Custom Computer Programming Services $34 n/a 541519 Other Computer Related Services $34 n/a So, according to the SBA you are small until you do $34 million in business annually with no specific number of employees.
- hank1931 2y ago
  This link is fascinating. I had no idea that the U.S. government definition of small business was so elaborate. I asked ChatGPT, and it turns out there are 978 industries, covered by 102 different size standards! Why did they come up with this? If a company meets their criteria, it can qualify for government contracts, loans, grants, advocacy programs and more. According to ChatGPT: To come up with this list, the U.S. Census Bureau provides detailed information on industries, including employment, revenue, and business structure. SBA economists analyze factors like average firm size, capital intensity, and industry concentration to determine reasonable thresholds for “small businesses.” They study the competition between small and large businesses in federal procurement, considering small businesses’ ability to compete for contracts. The annual budget for the SBA is $1 billion. This does not include $50 billion in various loan programs. Here's a link to the ChatGPT session: https://chatgpt.com/share/6798e036-7f9c-8008-9190-b704d1cde5fd https://chatgpt.com/share/6798e036-7f9c-8008-9190-b704d1cde5... The U.S. Small Business Administration is a big operation!
  - dugmartin 2y ago
    You can also use this to lookup a code: https://www.census.gov/naics https://www.census.gov/naics for instance: - https://www.census.gov/naics/?input=computer&year=2022 https://www.census.gov/naics/?input=computer&year=2022

Congrats. Love to read this. The notion of "what is small" is interesting. I think of small mom and pop shops. But compared to the "giants" of which there are several 30 is really small.

Ekaros 2y ago

Also what is medium. Currently working with company having couple hundred employees. Doing consulting and own products. Small compared to thousands or tens of thousand of large companies in field. But not anymore small even by EU rules...

efsavage 2y ago
For me the line between a small and medium business is if you have HR.

Ruarl 2y ago

I think a company is small whilst all the employees could conceivably fit into a house party. That is perhaps a better metric here in the UK where there are fewer colossal houses. But hopefully you get the idea.

portaouflop 2y ago

I would say below 50 employees is small, not quite mom&pop but small enough that you know everyone and there aren’t different separate “departments” in the company.

dugmartin 2y ago

The US SBA (Small Business Administration) has a table of industries with their definition of small using either dollar amount of receipts or number of employees: https://www.sba.gov/sites/default/files/2023-06/Table%20of%20Size%20Standards_Effective%20March%2017%2C%202023%20%282%29.pdf https://www.sba.gov/sites/default/files/2023-06/Table%20of%2... Here are some software related codes/sizes where $ amounts are in millions: 541511 Custom Computer Programming Services $34 n/a 541519 Other Computer Related Services $34 n/a So, according to the SBA you are small until you do $34 million in business annually with no specific number of employees.

hank1931 2y ago
This link is fascinating. I had no idea that the U.S. government definition of small business was so elaborate. I asked ChatGPT, and it turns out there are 978 industries, covered by 102 different size standards! Why did they come up with this? If a company meets their criteria, it can qualify for government contracts, loans, grants, advocacy programs and more. According to ChatGPT: To come up with this list, the U.S. Census Bureau provides detailed information on industries, including employment, revenue, and business structure. SBA economists analyze factors like average firm size, capital intensity, and industry concentration to determine reasonable thresholds for “small businesses.” They study the competition between small and large businesses in federal procurement, considering small businesses’ ability to compete for contracts. The annual budget for the SBA is $1 billion. This does not include $50 billion in various loan programs. Here's a link to the ChatGPT session: https://chatgpt.com/share/6798e036-7f9c-8008-9190-b704d1cde5fd https://chatgpt.com/share/6798e036-7f9c-8008-9190-b704d1cde5... The U.S. Small Business Administration is a big operation!
- dugmartin 2y ago
  You can also use this to lookup a code: https://www.census.gov/naics https://www.census.gov/naics for instance: - https://www.census.gov/naics/?input=computer&year=2022 https://www.census.gov/naics/?input=computer&year=2022