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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.
How can we define the size of a business? What is an SME? (Small or Medium Sized Enterprise). We explore the characteristics that define micro, small and medium sized businesses. Out of 5.5 million businesses in the UK over 99% of them are SMEs. These small or start up businesses range from accountancy firms to zoos, but they are united by the determination of their owners to grow and prosper.