How do we define small businesses? Small businesses are private corporations, partnerships, or sole traders that have a smaller number of employees than bigger businesses.According to the US and Canada, Federal Securities interpret a small business to have less than $25 million annual revenues and also has a publicly-traded stock of $25 million. 3 Challenges Small Business Face in the United StatesForecast the Challenges Before starting a business, proper planning is very … [Read more...] about Challenges Small Businesses face in US