Small And Midsize Enterprises - SME
Categories: Company Management
You have a cute little business going. You aren’t Microsoft. You aren’t Apple. You aren’t Google. But your chain of prostate massage parlors represents a thriving little enterprise.
In short, you qualify as a small and midsize enterprise. The exact definition of this category varies based on the country and on circumstances. But, in general, the term applies to businesses with fewer than a few hundred employees and no more and a few tens of millions of revenue.
The categorization becomes important because many government programs target this type of company. Certain tax incentives, grants, and other aid packages are only offered to SMEs. Also, economists like to track the contributions they make to the economy, leading to a number of indicators and studies specifically targeting this class of businesses.
