Micro, Small and Medium business definitions

[lineofthought]

Definitions of what constitutes a micro, small or medium business vary around the world. I've started to compile a few of the most useful ones here. These definitions are based on the number of full-time employees for the business.

Australia:
Micro: <5
Small: 5-20
Medium: 21-200

From ABS 1321.0 Small Business in Australia:
For the purposes of

Comments

[jod999]

Don't forget that the definition of a small business in Australia is different for farms. It is a very small point, and probably won't matter, but farms are counted differently (presumably because they are often micro-businesses with enormous amounts of invested capital - mostly in the form of bank overdrafts and mortgages).