small business
/ˈsmɔːl ˈbɪznɪs/
label
Definition
a self-selected label (typically by the business owner) to describe the business size/structure relative to other businesses.
Similar: Micro Business - Side Hustle - Solo Business - Sole Trader - Sole Proprietor
lens
Definitions
(In Australia) a business operating with two or more people, typically classified by having ‘less than’ a specified number of people (e.g., according to the Fair Work Commission, a small business is a business with ‘less than’ 15 people).
(In Australia, according to the Australian Taxation Office) a (registered) business whose operations has an aggregated turnover of less than $10 million.
Similar: Company - Micro Business - Sole Trader - Sole Proprietor - Trust - Partnership
When to use
Small is relative. It’s important to consider labelling oneself as a ‘small business’ when you want or need access to specific relationships (especially through groups or grants) and related resources such as social or financial support, new business, and asset exchanges.
Application Example: Identifying as a small business gains access to material and non-material support for businesses growth and operations. When you can clearly map which relationships connect your business to what assets, then you can continue to improve your business operational efficiencies and effectiveness through being truly clear and connected in your business efforts and exchanges.
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Created 26/05/2025
Last Updated 02/07/2025
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Description The Part of Speech in the Solo Business Dictionary are designed with their use in mind. Each Part of Speech has been created in response to the (almost always) commented comment of, “I can’t remember what a noun or verb is.” and made more practical and to be ready to use in the context of Small Business.
action - a movement performed by a human or type of technology (computer or otherwise)
asset - a tangible and/or observable resource that adds value to the business
construct - an idea that has been grown from a concept to be more material (i.e., possible to be detected and/or observed)
frame - language device designed to focus the mind and make meaning (which can include common phrases)
label - a shorthand term used to communicate a categorisation of meeting pre-determined criteria
lens - a language device used to generate data for a specific purpose
relationship - a connection that gains access to a resource
resource - something that has value and is accessed through a relationship
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IPA Transcription via https://tophonetics.com/
Australian Taxation Office - Small Business Entity - https://www.ato.gov.au/forms-and-instructions/capital-gains-tax-concessions-for-small-business-guide-2015/basic-conditions-for-the-small-business-cgt-concessions/small-business-entity
Fair Work Commission - What is a ‘small business’? - https://www.fwc.gov.au/issues-we-help/small-business-hub/what-small-business
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