Small business.

I'm so excited that my small business is opening tomorrow.

What kind of small business are you opening?

It's a little restaurant downtown.

Are all small businesses restaurants?

No, a small business can be anything from a grocery store to a lawyer 's office.

So it 's not defined by the kind of business it is?

No, a small business is defined mainly by how many people are employed.

What 's the largest number of employees you can have?

It varies by country, but in the United States, if you have less than 500 employees, you 're considered a small business.

What are the advantages to owning a small business?

I can be my own boss, make my own financial decisions, it costs less to start up and I will have a closer relationship with my customers.

But what are the disadvantages?

There is a higher risk of failure if the owner does not prepare wisely, and bigger businesses can influence your success.

What happens if a bigger business moves in right across the street?

My customers will either stay with me or go across the street.

But isn't that what destroyed a lot of the small businesses in America?

Yes, but that's why my restaurant is downtown, to stay away from the bigger businesses.

Where did you get the money to start your restaurant?

I 've been saving my money for five years to start it.

Is there any other way to get money to start up a small business?

Yes, you can receive a grant from a private organization or a loan from the bank.