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Wiktionary
small business

n. A privately-owned and operated business with relatively small turnover and staff numbers, typically seen as constituting part of a specific commercial or economic sector.

Wikipedia
Small business

Small businesses are privately owned corporations, partnerships, or sole proprietorships that have fewer employees and/or less annual revenue than a regular-sized business or corporation. What businesses are defined as "small" in terms of being able to apply for government support and qualify for preferential tax policy varies depending on the country and industry. Small businesses range from fifteen employees under the Australian Fair Work Act 2009, fifty employees according to the definition used by the European Union, and fewer than five hundred employees, to qualify for many U.S. Small Business Administration programs. While small businesses can also be classified according to other methods, such as annual revenues, shipments, sales, assets, or by annual gross or net revenue or net profits, the number of employees is one of the most widely-used measures.

Small businesses in many countries include service or retail operations such as convenience stores, small grocery stores, bakeries or delicatessens, hairdressers or tradespeople (e.g., carpenters, electricians), restaurants, guest houses, photographers, very small-scale manufacturing, and Internet-related businesses such as web design and computer programming. Some professionals operate as small businesses, such as lawyers, accountants, dentists and medical doctors (although these professionals can also work for large organizations or companies). Small businesses vary a great deal in terms of size, revenues and regulatory authorization, both within a country and from country to country. Some small businesses, such as a home accounting business, may only require a business license. On the other hand, other small businesses, such as day cares, retirement homes and restaurants serving liquor are more heavily regulated, and may require inspection and certification from various government authorities.

Usage examples of "small business".

I sidled closer to the door, for there was a very small business card thumb-tacked just above the doorknob.

So, thousands of new customers are ignored and your small business flounders for seemingly inexplicable reasons.

One sign of these trends is the reality that virtually all new jobs in this country are being created by small business.

The entrepreneurial and technical advantages of the American economy were never greater and it is small business that is creating virtually all new jobs and employment opportunities.

It was more than three years since the friend's last visit, a circumstance he ineffectually blamed on Russia's uncertain political situation, which apparently would not permit even the shortest trip of a small business man while hundreds of thousands of Russians peacefully traveled the world over.

They pointed out that the Republicans tend to be the party of business as a whole, but that the Democrats tend to favor big business over small business.

It would be no small business to remain herself, and yet to assimilate such an establishment.