Most Profitable Small Businesses

A small business is a privately owned partnership, sole proprietorship or a privately owned corporation. Which business can fall under the category “small” varies depending on the country where the business is run and according to the industry in which the business operates. In that manner, a small business can have from fifteen employees to fifty, and surprisingly in some countries, like for example in the United States, it can range even with fewer than 500 employees. Many of the most profitable small businesses are classified according to some other methods as well, such as sales, net profits, or assets.

Depending on the economic system in operation, the small businesses are very common in many countries. Examples of some small business include small shops, such as delicatessen or a bakery, or a convenience store;  also lawyers, restaurants, accountants, hairdressers, small-scale manufacturing, photographers, some online business, like web design and programming, and so on.

Big businesses are usually started at a very high cost and full time basis. Small businesses are suited to internet marketing, because in this way they can easily perform specialized niches. And this is all thanks to the internet revolution which started in the late nineties, since it would have been very difficult to run a successful small business prior to the rise of the internet. Some of the small business grow, some can get acquired, and some can stay the same but much more profitable than before. Small businesses are very important for every country and every individual.