A small business isn’t in search of a business model that works down the line—they’re looking for a business model that works from day one.
A small business is a self-sustaining organization that generates revenue from the first day of opening. They don’t require major investments and time to formulate a company that works.
Typically, a small business brings in a relatively small amount of sales, enters a local or regional market, and has a small number of employees. The official definition of a small business is set by the size standards by industry from the SBA.
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