Small Business Definition
From SBA's "Am I A Small Business?"
The SBA, for most industries, defines a "small business" either in terms of the average number of employees over the past 12 months, or average annual receipts over the past three years. In addition, SBA defines a U.S. small business as a concern that:
- Is organized for profit
- Has a place of business in the U.S.
- Operates primarily within the U.S. or makes a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor
- Is independently owned and operated
- Is not dominant in its field on a national basis
The business may be a sole proprietorship, partnership, corporation, or any other legal form. In determining what constitutes a small business, the definition will vary to reflect industry differences, such as size standards.
Small Business Statistics
See more on stats and economic data on the Chamberpedia page for Business Reference Resources
Small Business Toolkits
Small Business Saturday Resources
General Small Business Resources
- See ACCE's Buy Local Initiatives Chamberpedia page for related programs.
- America's Small Business Development Centers (ASBDC) America’s SBDC represents America’s nationwide network of Small Business Development Centers (SBDCs) – a comprehensive small business assistance network in the United States and its territories.
- Financial Literacy by Annuity.org - This guide on financial literacy covers topics like setting a budget, how to use credit responsibly, planning for retirement and much more to benefit consumers of all ages.
- IRS Small Business and Self-Employed Tax Center
- SCORE - SCORE is a nonprofit association dedicated to helping small businesses get off the ground, grow and achieve their goals through education and mentorship. SCORE's work is supported by the SBA, and with a network of 11,000+ volunteers, they are able to deliver services at no charge or at very low cost.
- Great resources on Marketing, Financial Basics, Running a Business-including Business Plans, and Startup assistance.
- See Tools and Templates to download.
- The Ionia Area Chamber of Commerce (Mich.) offers SCORE services through their Business Resources.
- Small Business & Entrepreneurship Council - Provides advocacy, research, and resources for small businesses and entrpreneurs.
- Small Business-Friendly Cities - Thumbtack.com (an online marketplace for local service providers) partnered with the Kauffman Foundation to survey small business owners in metro regions about the overall business friendless of their cities. Questions ranged from hiring costs to regulatory burden to quality of business networking programs. Oklahoma City was far and away the leader, they came in first in nearly every category.
- U.S. Small Business Administration (SBA) - SBA has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. Use SBA for their wealth of resources.
- U.S. Chamber of Commerce Small Business Nation - Offers toolkits, resources, plans and research resources like the Small Business Guide to Market Research and the Small Business Index with small business sector confidence and outlook.
- Write a Business Plan and Start a Business: Tools, Techniques and Resources - Guide from Discover Business (May 2015)
Small Business Samples
Chamber Small Business Resources and Services
Videos, Webinars & ACCE U Resources
| Economic and Community Development
| Small BusinessLast Updated: 6/28/2018