small business

  

Definition

Designation for firms of a certain size which fall below certain criteria (that varies from country to country) in terms of annual turnover, number of employees, total value of assets, etc. See also small and medium enterprise (SME).

Use small business in a sentence

  • That man owns a small business where he repairs broken furniture and refinishes old furniture so it looks like new.

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  • The small business employed only a few employees, but it was growing at such a rapid rate that it would soon be able to hire many more employees and rent space in a larger office building.

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  • Many customers appreciate the level of personal care and service that they feel only a small business has the capability to provide.

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