What is SMB?

SMB is a general term that describes a small and midsized business. There are various criteria for defining SMBs—some focus on revenue and others on the number of employees.

Small businesses have fewer than 100 employees, and medium-sized businesses may have 100-500 employees.

Small and medium-sized enterprises can exist in almost any industry, but they are more likely to be in industries that require fewer employees and less initial capital investment.

Examples of SMBs:

• Bike shop
• Bar
• Restaurant
• Gym
• Cafe
• Bakery
• Health care business
• Car dealership
• Construction