Small businesses are independently owned and operated companies that typically have a small number of employees and a limited revenue base. They play a crucial role in the economy by creating jobs, fostering innovation, and contributing to local communities. Examples of small businesses include local restaurants, boutique shops, and service providers like plumbers or electricians. These businesses often focus on serving specific markets or niches, allowing them to build strong relationships with their customers. Small businesses can vary in size and industry, but they generally prioritize personalized service and community engagement, distinguishing them from larger corporations.