128 - What is a Small Business?

Today, we’re going to quickly and concisely break down what exactly a small business is, its definitions, and types, and get some clarity on what type of shop you run. 

In this episode, you’ll learn: 

• A small business by definition is any business that has no more than 1500 employees and less than $38.5 million in revenue.  
• About 90% of small businesses have less than 20 employees
• Small businesses with that many employees make up 89% of all businesses in the nation
• There are four types of small businesses: sole proprietor (one-person show), partnership (two people), corporation, or LLC. 

To access the full video, show notes and resources from this episode, please visit https://scaleyoursmallbusiness.org/blog/.

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