| According to the Security and Exchange Commission | | | | future, small business is much more than those |
| a Small Business is... | | | | definitions. |
| For SEC purposes, small businesses are defined as | | | | The small business is: |
| domestic companies with revenues of under $25 | | | | 1. A place where dreams can come true |
| million, and not investment companies. Subsidiaries of | | | | 2. Somewhere that allows us to control our own |
| larger companies do not qualify as small | | | | destiny |
| businesseswhile The Small Business Association says... | | | | 3. Encourages its owner to be creative |
| There are many definitions of a small business. In | | | | 4. A first challenges that people with a career in a |
| general, any business with revenue under $500,000 per | | | | cubicle, could never imagine |
| year will qualify, but many larger agricultural and | | | | 5. Is the place an entrepreneur goes to work because |
| commercial businesses may also apply. | | | | they want to, not because they have to |
| And many Business Schools and Authorities to Find a | | | | 6. The small business is the jobs growth engine of the |
| Small Business...as a business with a small number of | | | | country. 80% of the new jobs are created by small |
| employees. The legal definition of "small" often varies | | | | business. |
| by country and industry, but is generally under 100 | | | | 7. Offers an entrepreneur the opportunity to build |
| employees. These businesses are normally privately | | | | something greater than themselves |
| owned corporations, partnerships, or sole | | | | There seems to be something inside some of us that |
| proprietorships | | | | continues to drive us to be our own boss and control |
| For those of us who own and operate a small | | | | our success. |
| business or dream of having their own business in the | | | | |