What is an SMB many might think, there are lots of definitions pertaining to the abbreviation SMH since it’s not so widely recognized in a multipurpose industry but on business terms SMB’s are generally considered to be an abbreviated form for the small and medium sized businesses, sometimes also seen as small and midsize business enterprises which also give some the idea of using the abbreviation SME’s. Any kind of business with 100 or fewer employees is generally considered a small sized business or enterprise, while any business with employee count above 100 are considered to be a medium-sized.
 
Small and medium-sized enterprises or small and medium-sized businesses are businesses whose personnel numbers fall below certain limits. Small and medium sized businesses in this world of constant economic imbalance and growth from within the market have been deemed to be an important sector for economic and social reasons. Moreover these not so large enterprises have been known to generate more employment than what would normally be seen by various industries and is an essential part of this world economy to be able to encourage growth within the country on economic levels.
 
Small and Medium Enterprises or businesses has now become a sector which has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. SMB’s generally provide a lot of employment opportunities at a significantly low capital investment within the business as compared to larger businesses while also making sure that there is an encouragement of development within the backward and underdeveloped areas of the country which also potentially reduces the regional imbalances. This also possibly ensures that there is more equitable distribution of national income and wealth. Small and medium sized enterprises are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country.
 
 
Small and medium sized businesses as well as enterprises are not all easy to control and manage though, sometimes these enterprises require a certain kind of informative source wherein they can be helped and guided through the market and investment concepts. For this particular kind of insight some of the businesses seek consultation services and institutes for their help. The consultation services not only help them with all of the above but in addition to that they also help them in their employee recruitment and management as well as finance management.
 
SMB’s also play a significant role in Nation’s development through its high contribution in domestic production, significant export earnings, low investment requirements, operational flexibility thereby generating new entrepreneurs by providing them with the necessary knowledge, training and skill development for their own venturous approach. So for some businesses a consultation service won't be seen as a bad investment while they focus most of their attention on the organizational businesses related activities and employee improvement.