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Under the current SBA definition of a small business, you could have 1,500 employees and still be considered small. (Photo credit: Wikipedia) According to the United States Small Business Administrationâs (SBA) Office of Advocacy, 99.7 percent of all U.S. firms are small businesses.
1) SME (small-to-medium enterprise) is a convenient term for segmenting businesses and other organizations that are somewhere between the small office-home office ( SOHO ) size and the larger enterprise . The European Union has defined an SME as a legally independent company with no more than 500 employees.