The Up and to the Right | Small Business | Practical, Actionable, Sustainable Improvements

Show Notes: https://b50p.info/uattr057

What is a Small Business?
Over the years I've come across a lot of misinformation about what it means to be a small business. Sometimes people think it's determined by the number of employees, sometimes by revenue, even by the corporate structure. As we'll see below it's actually easy to understand why there is confusion identifying what is a small business.

Defining Small Business
So, if there's so much confusion around how to define a business as small then how can we go about doing it correctly?

The good news here is that while it isn't as easy as a single criterion that we can point to, there is a place we can go to find out exactly how to classify our own business as small or not.

There are three pieces of information that you're going to need to put all of this together.

Your NAICS Code
The Number of Employees
Average Annual Revenue (based on three years)
Once you have those three pieces of information you'll be able to get the right answer for answering the question... "What is a small business?" at least, for your case!

Show Notes

Show Notes: https://b50p.info/uattr057

What is a Small Business?
Over the years I've come across a lot of misinformation about what it means to be a small business. Sometimes people think it's determined by the number of employees, sometimes by revenue, even by the corporate structure. As we'll see below it's actually easy to understand why there is confusion identifying what is a small business.

Defining Small Business
So, if there's so much confusion around how to define a business as small then how can we go about doing it correctly?

The good news here is that while it isn't as easy as a single criterion that we can point to, there is a place we can go to find out exactly how to classify our own business as small or not.

There are three pieces of information that you're going to need to put all of this together.

Your NAICS Code
The Number of Employees
Average Annual Revenue (based on three years)
Once you have those three pieces of information you'll be able to get the right answer for answering the question... "What is a small business?" at least, for your case!

What is The Up and to the Right | Small Business | Practical, Actionable, Sustainable Improvements?

Welcome to Up and to the Right, the no-nonsense podcast where we blend your passion with proven business principles and practical tips, empowering you to create the impact and success you envision.

Hosted by Stephen Krausse, the show covers what matters to small business owners, startups, and people interested in becoming entrepreneurs. No buzzwords and no hyped-up trends!

A graduate of Colorado State University's College of Business, Stephen has an academic background that compliments over 25 years of business operations and management experience. He started his first business as a freshman in college in 1987, recording and producing demo tapes for local bands. Since that time, he’s been involved with numerous successful small businesses, including the operation and management of a niche high-tech company with customers and suppliers worldwide.

As a business professional by education and trade, he works with select business owners to blend their passion with proven principles, giving them the edge they need to achieve their unique impact. Stephen is always researching new products, ideas, and innovations - consuming content through audiobooks, podcasts, and online resources, and connecting with other professionals locally and abroad.

Now he’s sharing practical tips and ideas to help you get real work done. This isn’t about fancy solutions requiring a considerable investment or changing how you do your best work. You’ll discover ideas that will allow you to integrate proven principles into the way you already get things done. You’ll get practical ideas to easily replicate, modify, and integrate into what you already do.

Up and to the Right covers topics like getting value out of a business model, outsourcing, hiring for small businesses, working across platforms, productivity and efficiency hacks, building revenue streams, communication and planning, and more! Some episodes will have related downloads available from the show notes page below or unique segments with guests who have industry-specific tips that would be helpful.

It’s time to roll up your sleeves and get to work. Listen to Up and to the Right with Stephen Krausse today.