Author: Small Business Desk
Guide to Size Standards
This Guide to SBA’s Definitions of Small Business (usually referred to as “size standards”) will help you understand how SBA defines a small business and how it establishes small business size standards. A small business size standard is numerical and represents the largest a concern can be and still be considered a small business for Federal Government programs. This Guide provides general information on size standard requirements and addresses most typical concerns about using sizeRead More
Size Protests, Size Determinations & Appeals
As you have learned in Small Business Size Regulation and Methodology and Use of Size Standards for Government Procurement, a contracting officer determines the size of the business according to the standards set forth in the Code of Federal Regulations. However, there are instances where a party involved in the procurement does not agree with the size standard set by the contracting officer for the small business concern. Size Protests With regard to procurement orRead More
What are the Small Business Size Standards?
Your business might be eligible for programs that are reserved for small business concerns. To qualify, your business must satisfy SBA’s definition of a business concern, along with the size standards for small business. SBA defines a business concern as one that is organized for profit; has a place of business in the U.S.; operates primarily within the U.S. or makes a significant contribution to the U.S. economy through payment of taxes or use ofRead More
Summary of Size Standards by Industry Sector
Small business size standards define the largest that a business concern, including all of its affiliates, may be and yet qualify as a small business concern for SBA and most other federal programs, The SBA has established two widely used size standards – 500 employees for most manufacturing and mining industries and $7.5 million in average annual receipts for many nonmanufacturing industries. However, there are a number of exceptions. For the size standard applicable to any NorthRead More
Table of Small Business Size Standards
To help small business owners assess their small business status, SBA has established a Table of Small Business Size Standards (pdf file/excel file), which is matched to the North American Industry Classification System (NAICS) for industries. The current table of size standards is based on the 2012 NAICS. The table of size standards can also be found online in the Small Business Size Regulations(published by the Electronic Code of Federal Regulations). Certain government programs, suchRead More
Small Business Size Standards Methodology
For its ongoing comprehensive size standards review and future regulatory actions relating to size standards, SBA has developed a “Size Standards Methodology White Paper,”explaining how it establishes, reviews and modifies its small business size standards pursuant to the Small Business Act and related legislative guidelines. The white paper provides a brief review of the following: Legal authority, early legislative history and regulatory history of small business size standards Detailed description of evaluation of industry structureRead More
Small Business Size Regulations
The Small Business Act was created, in part, to help small businesses compete in our economic market. The passage of this act has made it necessary to establish standards of identifying small businesses. Below are the size regulations used to review business size. Size Regulations SBA’s size standards define whether a business is “small” and thus eligible for government programs and preferences reserved for “small business” concerns. What is a Small Business Concern? A smallRead More
What’s New with Size Standards
SBA proposes to revise Small Business Size Standards for some industries in NAICS Sector 31‑33, Manufacturing The U.S. Small Business Administration (SBA) has proposed to increase small business size standards for 209 industries in NAICS Sector 31-33, Manufacturing; and, increase the refining capacity component of the Petroleum Refiners (NAICS 324110) size standard to 200,000 barrels per calendar day total capacity, and the requirement that 90 percent of output being delivered be refined by the bidder (footnote 4). As part of its ongoingRead More
You’re Never Too Old to Start a Successful Business
Think you’re too old to start a business? Think again. Mark Zuckerberg may have started Facebook at 19, but he’s in the minority of entrepreneurs. Through the years, there have been plenty of successful people in business and other endeavors who didn’t get started until a bit later. Funders and Founders recently shared an infographic outlining late bloomers who displayed proficiency in a variety of fields showing that great achievements don’t always happen at aRead More
How to Put “More Serve in Your Sell” to Make More Sales
The shift from sell first to serve first is here and now. We no longer sell by leading with the product. Sales are made by leading with the person and a relationship with them. Referrals, recommendations and introductions play a huge part in the sales process now. The sales process has changed consistently over the past decade and educating customers is essential and integral to building a trust bond. We no longer buy things and engage with businesses, people and companies that weRead More