
Small businesses are the foundation of economies worldwide, providing jobs, stimulating innovation, and fostering community development. Despite their importance, these enterprises often face unique challenges, such as limited resources, competition from larger corporations, and fluctuating market conditions. Understanding how to effectively manage and grow a small business is crucial for ensuring its long-term success.
In this article, we’ll explore the characteristics of small businesses, the challenges they face, and strategies for thriving in a competitive market.
What Defines a Small Business?
Small businesses are typically characterized by their size, revenue, and workforce. While definitions vary by country and industry, small …




