Small Business in the USA is so restrictive until you open your eyes to what an actual small business is. 100 Employees or less isn't SMALL, The photo on the right is a storefront in front of a home, and very common in the third world. Profits are thin, but it supplement income by employing cnt...
(media.greatawakening.win)
🔍 Notable
Stay-at-home family, mothers, grandmothers, other family members... This is larger than many, in rural areas there's a lot less merchandise for sale.
In the Philippines (Where this photo is from) These Sari Sari stores buy at retail, and there are even retailers who cater to these small businesses. They will sell at a retail price slightly cheaper than a regular shopping store. The BIR ( Bureau of Internal Revenue) doesn't come after the smaller rural Sari Sari because they are buying retail and the VAT tax is paid when they buy.
These stores will charge progressively higher prices depending on how remote. As an example, a bottle of Coke or Pepsi might be 25 Cents in the regular store, 24 cents in the Sari Sari store supplier, 26 cents in the in-town corner Sari Sari, and 28 cents in the Boonies. Keep in mind that transportation for the Sari Sari owners as well as their customers is more expensive the further out of town you go. Sales volume is far less as well.
Impressive knowledge of small business in the Philippines.
Plenty of other examples. Corner Bakeries, Tricycle drivers, Barbers, Nail Salons etc...
In the Philippines, the largest bill is 1,000 Php ($17.30), but no one will be able to cash that except larger shops and stores. Especially in the mornings. All the small people spend what they earned today to bring home food tonight. Little to no working capital.
Probably more than 10% of Homes have a Sari-Sari store, most out of business because of family pilferage in the house, and relatives and neighbors wanting credit. How do you tell Lola (Grandma) she can't have a cup of rice, a graham of salt, to a can of sardines when she babysat you and changed your diapers?
Giving Utang (Credit) kills small businesses. Better to have a shop away from family, friends, and neighbors.