SMB or Small to Mid-sized Businesses is a marketing term often used in the private sector to describe businesses that are larger than a sole proprietorship but smaller than a large corporation. In government contracting, the term SMB sometimes gets used to describe small businesses. However, SMB tends to have different definitions depending on who you ask. Where as a government small business or a “GovCon SB” or is clearly defined.
In this episode, Kevin and Paul explain the key differences between a SMB and a GovCon Small Business. Why they matter, what to be on the lookout for and to make sure you’re not making mistakes based on misunderstanding the two.