The definition of a mid-sized business includes the fact that it typically has under 500 employees in the US, about 250 in the European Union, and fewer than 200 in Australia.
There are other factors used including annual sales, the value of a company’s assets and net profits, and in the European Union, turnover, balance sheet totals and headcount are used. Following are 2009 trends:
Downsizing of companies
Consolidation through mergers or acquisitions
Continued growth in outsourcing
Supply chain logistics services
Hiring temps
Offshore globalization
Senior citizens are a big commodity
Baby Boomers are retiring
Another trend for mid-sized businesses this year is factoring invoices. Many businesses are finding that they can leverage their customer’s invoices to keep their company running smoothly. Factoring accounts receivables provides the freedom to grow.
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