Small-Medium Business (SMB)

<h2 id="definition">Definition</h2> <p>Small-Medium Business (SMB) refers to companies with a limited number of employees and revenue that fall below certain thresholds set by regulatory authorities or financial institutions. The specific criteria defining an SMB vary by country but generally focus on businesses that exhibit a smaller scale of operations compared to larger enterprises. These businesses play a crucial role in the economy, driving innovation, employment, and competitiveness. Corporate finance professionals working with SMBs need to understand the nuances of managing smaller scale operations, including tighter cash flow, limited resources, and the need for agile decision-making processes.</p>