What is a Small Business?

Are you classed as a small business? The first step in scaling your business is understanding what size it is classed as so you know how to reach the next steps. If you are a small business, you typically employ less than 50 employees; even smaller than this is the ‘micro business’, which employs a team of ten or fewer. A micro business can also include freelancers and solopreneurs. So, while different from each other, both business sizes fall under the same umbrella of an SME, which stands for Small and Medium Enterprises.