Category: Small Business

A small business is an independently owned and operated company with a small number of employees and relatively low revenue compared to larger corporations. Small businesses often serve local or niche markets, providing specialized products or services. They play a crucial role in the economy by creating jobs, fostering innovation, and contributing to local communities. Examples include local shops, restaurants, and service providers. Despite their smaller size, small businesses face challenges such as limited resources, competition, and regulatory requirements, but they also offer flexibility and close customer relationships.