Small businesses are independently owned and operated companies that are typically characterized by a small number of employees and relatively low revenue. They play a crucial role in the economy by creating jobs, fostering innovation, and contributing to local communities. Examples include restaurants, retail shops, and service providers. These enterprises often face unique challenges, such as limited access to capital and competition from larger corporations. However, they also benefit from strong customer relationships and the ability to adapt quickly to market changes. Supporting small businesses is essential for promoting economic diversity and resilience.