A small business is an independently run business with a relatively few number of employees. The typical small businesses include shops, stores, restaurants and other businesses being run on a small scale. The number of employees varies depending on the nature of the business and also the location. Other criteria for being classified as a small business group is a comparatively less sales and profit generation. The term micro business is used to denote very small business operated from the homes of people. Less cost is entailed in establishing a small business and it possesses adaptability which is the quick response to changes in the market place. The small business owners have a sense of independency and they exhibit a customer focused approach and dedication. With efficient planning and management skills, experts can profitably run small scale businesses.