128 - What is a Small Business?

Scale Your Small Business

English - May 05, 2022 13:54 - 7 minutes - 10.7 MB
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Previous Episode: 127 - Believing It’ll Happen with Christy Pennison

Next Episode: 129 - Health Coaching Breakdown with Claudine François

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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