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What is the definition of a small or medium sized business?

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What is the definition of a small or medium sized business?

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This varies a lot depending on the country, the industry and the nature of the business. A typical small business in the US has fewer than 100 employees, and a medium sized one has between 100 and 500. These numbers would be at least 50% lower in many other countries. Also, a manufacturing company with an office of 10 people and a factory with 40 others uses technology in a very different way to an architect’s office with 50 employees. One alternative way of defining businesses in terms of technology use is to refer to a company that has no specific Information Technology (IT) support staff as a small business, whereas a medium business has one or more IT professionals.

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