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What does the SMB acronym stand for? SMB stands for Small and Medium-Sized Businesses.Here are some definitions and defining characteristics of the most commonly used business classifications: What is SMB? Related: Zulu Desktop – Desktop Integration for PBXact Understanding which category your business falls into can help you define your objectives, specify capabilities, and then match those to the right technology solutions. Many technology solutions are built with these classifications in mind, or at least have features and pricing that correlate to the business classifications. In addition to size and revenue, your buying habits and technology needs also typically align with a particular business size classification. For example, “SMB” includes the general term of small business, but a small business can be broken down further. The widely accepted definition of each business size classification is based on the number of employees and annual revenue – and even those classification ranges can vary. Although it may not seem like a big deal, understanding how others classify your business can make a difference, especially when it comes to choosing technology solutions that best fit your particular business.ĭepending on whom you ask, there are several definitions and key differentiators that influence the classification into which your business falls. SMB, SME/ “Mid-Market” and large enterprise… What’s the difference, and why does your business size classification matter?Īs you probably realize, these acronyms are size classifications for companies – and your business most likely fits within one of the classifications.