Definition Of A
Small Business
United States
The U.S. Small Business Administration (SBA) defines small businesses with varying thresholds depending on the industry. For many sectors, small businesses are defined as having fewer than 500 employees or up to $41.5 million in annual revenue. Our definition is on the lower end of these thresholds, making it suitable for targeting a substantial portion of small businesses.
European Union
The EU defines small enterprises as having fewer than 50 employees and a turnover of up to €10 million. Our definition fits perfectly within this standard, particularly concerning employee count and closely aligning with revenue limits when converted to USD.
Canada
In Canada, small businesses typically have fewer than 100 employees, and while specific revenue thresholds are not universally defined, our limit of $20 million USD is reasonable for capturing a wide array of small businesses.
Australia
The Australian Taxation Office (ATO) considers businesses with less than AUD 10 million in turnover as small businesses for tax purposes. Our definition, although higher in revenue, aligns with the employee count and addresses a significant segment of small to medium enterprises (SMEs).
Asia (e.g., Japan, South Korea)
In Japan, small enterprises in manufacturing can have up to 300 employees, and revenue thresholds vary. In South Korea, small enterprises can have up to 300 employees. Our definition of 50 employees and $20 million USD fits within the lower to mid-range of these standards.
Our definition of a small business as having up to 50 employees and up to USD $20,000,000 in annual revenue is both practical and strategic.
It aligns well with many international standards, ensuring we can cater to a broad range of businesses. This approach allows ScaleEnabler to provide relevant, scalable services that support significant growth and address the needs of businesses on the cusp of becoming medium-sized enterprises.
Flexibility: This definition is comprehensive enough to include a wide range of small businesses, from micro-enterprises to those approaching the medium-sized category. This flexibility can help ScaleEnabler target a broader market effectively.
Scalability: By setting the limit at 50 employees and $20 million in revenue, ScaleEnabler can focus on businesses at different growth stages, ensuring our services are relevant as these businesses scale.
Comparative Advantage: Aligning with a definition that covers a significant portion of the small business spectrum allows ScaleEnabler to differentiate itself by offering tailored solutions that cater to both smaller and more substantial small businesses.
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US Office
680 South Cache Street, Suite 100-10219
Jackson, WY 83001
USA
Australian Office
81 Campbell Street
Sydney NSW 2010
Australia
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