ELI5: Explain Like I'm 5

Small Business

Small business is a kind of company or business that is owned by an individual person or a small group of people and doesn't employ a lot of people. Small business owners usually work hard and have lots of ideas and do tasks like marketing, bookkeeping, customer service, and more. Small business owners usually don't have a lot of money to spend, so they have to be careful about how they spend their money. They might sell products or services to make money, and they could also offer special discounts or freebies to customers to try and attract more customers.