Among the hurdles small businesses must overcome in starting to operate globally are understanding cultural differences, bureaucratic paperwork and difficulty finding financing.
Generally speaking, a small business is a privately held corporation, partnership, or sole proprietorship with fewer employees and lower yearly income than a corporation or regular-sized business. According to the Small Business Association, a micro firm is a subset of a small business that has fewer than 10 employees, whereas small enterprises can have up to 500 workers.
Small companies are the second largest employer in the Indian economy after agriculture. Small firms create the most jobs per dollar of investment in capital when compared to large organizations. They are the second-largest employers in the human resources sector as a result.
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