Question

Define 3 characteristics of a small business.

Answer 1

first of all there is nothing as a small business or big business there are only small businessman and big businessman. so now coming to the point, a small businessman is the one who works alone or with a few handful of employees. He Trades his time for money and does not leverage. the business is not well designed, most investors do not invest in a small business, its under-capitalised, they always run out of money and the chances of business failing is high.