“Small Business” Owner vs. “Grassroots” Entrepreneur
Small Business Grit is a website focused on success and growth strategies for the grassroots entrepreneur, the micro small business owner, the mom and pop company heads, versus the heads of larger small businesses.
Formal “Small Business” Definition
The Small Business Administration defines a small business as an entity that is independently owned and operated and … “is organized for profit, and is not dominant in its field.
Depending on the industry, size standard eligibility is based on the average number of employees for the preceding twelve months or on sales volume averaged over a three-year period. Examples of SBA general size standards include the following:
- Manufacturing: Maximum number of employees may range from 500 to 1500, depending on the type of product manufactured;
- Wholesaling: Maximum number of employees may range from 100 to 500 depending on the particular product being provided;
- Services: Annual receipts may not exceed $2.5 to $21.5 million, depending on the particular service being provided;
- Retailing: Annual receipts may not exceed $5.0 to $21.0 million, depending on the particular product being provided;
- General and Heavy Construction: General construction annual receipts may not exceed $13.5 to $17 million, depending on the type of construction;
- Special Trade Construction: Annual receipts may not exceed $7 million; and
- Agriculture: Annual receipts may not exceed $0.5 to $9.0 million, depending on the agricultural product.”
Our focus at Small Business Grit are those smaller enterprises, the grassroots small businesses, that are often operated by one or two people, give or take.
These small business owners often have help in the form of family members and formal assistance in the form of independent contractors on an as-needed basis. You know, the entrepreneurs who handle everything from getting the clients, to completing the jobs, to making the products, to shipping the goods, to keeping up with administrative tasks, to paying the bills, to taking out the garbage, and all that stuff in between that keeps their doors open as they climb the ladder to the formal small business definition above.
Small Business Grit is a website focused on success and growth strategies for the grassroots entrepreneur, the micro small business owner, on his or her way up, up, up!