ENTREPRENEURSHIP

Detailed explanation-1: -Advocacy generally defines a small business as an independent business having fewer than 500 employees.

Detailed explanation-2: -Small business is generally defined as any business that is independently owned and operated, typically with fewer than 100 employees, and usually with less than $10 million in annual revenue.

Detailed explanation-3: -How do you define small business? Small business is defined as a business that has a limited number of employees, typically fewer than 500, and operates independently of larger corporations.

Detailed explanation-4: -It defines small business by firm revenue (ranging from $1 million to over $40 million) and by employment (from 100 to over 1, 500 employees). For example, according to the SBA definition, a roofing contractor is defined as a small business if it has annual revenues of $16.5 million or less.