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Features of a small business

Optical Products
From Bolivia
To Mongolia
364 views / 1 experts
Dave B.
Apr 15, 2021

What are the features of a small business?

1 answer

Amber S.
Apr 15, 2021

A number of features separate a small business from a large-scale business. But, the six most common features are:

  • Smaller employee numbers and compact teams
  • Operation in narrow, deep niche markets
  • Often operate as LLCs, sole proprietorships or partnerships
  • Geographically limited
  • Ability to change and adapt quicker than large businesses
  • Less competition for those in specialized or artistic services
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