small business
/ˈsmɔːl ˈbɪznɪs/
noun
Definitions
a self-selected label (typically by the business owner) to describe the business size/structure relative to other businesses.
(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 have an aggregated turnover of less than $10 million.
Often confused and inter-used : entrepreneur - freelancer - micro business - self-employed - side hustle - solo business - sole trader - solopreneur - sole proprietor - tradie
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Created 26/05/2025
Last Updated 31/12/2025
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noun - name of person, place, or thing.
verb - an action
adjective - modifies or qualifies a noun
adverb - modifies a verb, adjective or other adverb (yeah, this one still messes with me).
Yes, there are more, but for volume of use here and to be kind with your 🧠 these are the most featured in the Solo Business Dictionary.
🎧 Podcast Recommendation
If your curious about loving your Language little by little, then my fav go-to source is Grammar Girl (been one of my fav podcasts from the beginning):
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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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