SMB meaning

SMB stands for Small and Medium-sized Business, and it refers to companies that are smaller in scale compared to large corporations. 

A small business typically has fewer than 100 employees, while a medium-sized business might have up to 500 employees, depending on the industry and country. SMBs are a vital part of the economy and often operate with limited resources, requiring them to be more agile and innovative in their business strategies.

For example, a local bakery with 10 employees would be considered a small business, while a regional retail chain with 400 employees would be considered a medium-sized business. SMBs usually focus on a specific niche or community, and they often rely on local support or digital marketing to grow.

SMBs face different challenges than larger corporations, such as limited budgets and less brand recognition, but they also have the advantage of being more flexible and able to make quick decisions.