Small Business Definition: What is a Small Business?

This blog is for small business owners. But what is a small business? I believe if you asked 5 different small business owners this question, you'd probably get at 5 different answers. According to BtoB, the definition of what constitutes a small business varies widely:

• U.S. Small Business Administration: Defined by industry, based on number of employees or annual revenue.
• Visa USA: Fewer than 100 employees, less than $25 million in annual revenue.
• United Parcel Service of America: Between $5 million and $250 million in annual revenue.
• eBay: Fewer than 100 employees.

According to Mediamark Research Inc., there are 13.7 million adults who are small business owners. They define a small business owner as adults 18 years of age or older who own a business with fewer than 99 employees.