Small business is classified as any business that employs less than 500 people. This classification is done by the United States Small Business Administration.
Other than providing classification criteria, this organization also has a more important job. When a business is small, many people assume that it does not require much in the way of management. But that notion is quite wrong. As a matter of fact, it is only natural that a small company will require more help with management than a large organization. The latter can employ people specifically to cater to the administration needs, but that isn’t possible in an organization where the number of people is quite limited. That is where the SBA steps in to provide help.
