What is a small business?

Open your business is not an easy task. This process causes a lot of questions for future entrepreneurs, especially if they are faced with this for the first time. If there is a small capital, it will be possible to open only a small business.

Let's talk about what a small business is and what its role in the modern market.

Small Business: Definition

Small business in the Russian legislationis an enterprise, the number of workers on which should not exceed 100 people, and the annual turnover is less than 400 million rubles. Only if these requirements are met, the owner has the right to use the simplified taxation system.

The peculiarity of small enterprises is that onlythey can move to the simplified tax system, which allows to facilitate the existence of the firm and give it great opportunities for further development and prosperity. This simplified taxation is a specific percentage that must fall into the state treasury. Thanks to this system, small businesses have the opportunity to avoid additional unnecessary costs, both monetary and temporary.

Examples of small business

Examples of small businesses can be found absolutely everywhere. The most common are in the service sector:

repair shops;
programming;
tutoring;
cleaning of premises (cleaning);
trade;
catering;
Beauty Salons;
sports centers, fitness clubs and gyms;
services of the host at solemn events;
studio for tailoring;
shoe repair shops;
pelmeni or confectionery shops at home;
production of souvenirs;
construction and repair work.

Thanks to the development of small business,additional jobs, ennobled adjacent areas and restored buildings. Small business is extremely important especially in times of crisis. You will learn more about the concept of business and its successful development in these articles: