A small business is a company that is privately owned and operated, with a few employees and relatively low volume of sales. Small businesses are usually owned by private companies or individual companies. The legal definition of "small" varies by country and by industry, ranging from less than 15 employees under Australian law on the Job Fair 2009, 50 employees in the European Union, [citation needed] and employees under of 500 to qualify for many U.S. programs Small Business Administration. Small businesses can also be classified according to other methods such as sales, assets or net earnings.
Small businesses are common in many countries, the economic management system. Typical examples are: grocery stores, other small shops (such as a bakery, meat), hairdressers, tradesmen, lawyers, accountants, restaurants, guest houses, photographers, small-scale production, and business online, such as web design, programming, etc..
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