SMB

small-and-medium-sized businesses

SmallCo and Medium Co

in US: 99.9% of companies, 46% of employees (in roughly even slices between companies with <20, 20-99, and 100-499 employees) (2025)

• 82% of companies are one-man show; another 16% have 1-19 non-owner employees
• vs Japan: account for 99.7% of the nation's businesses and 70% of all jobs. (20% of the businesses are one-man show)