Figure 3: Key Small Business Statistics, January 2019. Physical is the physical space (a small office building), economic is the annual revenue (see Figure 3) *, social is the employee makeup (1-99 employees in Canada is considered a small business) (see Figure 4), and geographical is location (commonly located in small towns and small markets). Small businesses represent a large portion of Canadian economic output and are defined by many physical, economic, social, and geographic characteristics. Regardless of how you small businesses are viewed, they carry many different characteristics. Perhaps small is two people staying up all night with tools and wiring trying to build a machine the world will eventually not be able to live without. What characteristics does a small business have? Are they physical, such as a garage, or a table with lemonade? Perhaps it is small in economic terms, with simple book-keeping, such as selling hummels online for $5 apiece.

4.3 Small Business and Entrepreneurship: Similarities and Differences

Small business management pdf