Policymakers Are Talking About All Kinds of Small Businesses at Once

Businesses News:To illustrate the range of small businesses out there, consider these two examples. The first is a sole proprietorship that generates less than $50,000 per year in revenue and is run on a part-time basis by an individual with a full-time regular job. He started it with money from his own savings. The second is a corporation with 490 employees run by a team of experienced entrepreneurs that generates $25 million in annual sales and is funded by an equity investment from a venture capital firm. Both are small businesses. When journalists, academics, policymakers, and politicians talk about small businesses, the vast differences are often ignored, because they neglect to explain what type or types to which they\’re referring. Readmore…