As a business owner, it is important to know where your business stands. “Am I a small business? Is my company a midmarket or midsize business?” Where does your business fall? This is the topic of the Avaya.com blog, “Defining What the Terms ‘Midmarket’ and ‘Midsize Business’ Mean.”
“I’ve found that the definition of midmarket–or even midsize business for that matter–seems to depend on who you talk to and where in the world you live,” explains blog author Gary Proefke.
“Is my Company a Midmarket or Midsize Business?”
The term midmarket or midsize business is often misused. Does your business meet the following criteria?
- According to the National Center for the Middle Market, a company must surpass the $10 Million plateau to be considered midmarket or a midsize business. Companies meeting this criteria account for one-third of private sector GDP and employ 43 million people.
- Midmarket and midsize businesses utilize technology strategically, much like large enterprise. “Unlike most SMBs, midmarket companies have an IT department, albeit one that is deficient in staff in some areas,” explains Proefke.
To supplement the needs of your IT department, consider outsourcing. At Advanced Communication Systems (ACS), our business communication specialists will thoroughly analyze your business phone needs and design an affordable solution flexible enough to grow and change as your business evolves. But it does not stop there. Your business phone system is only as good as the Maintenance and Support that goes along with it. Fortunately, ACS provides premiere nationwide phone system support and maintenance services for both data equipment and telephone systems for businesses of all shapes and sizes, from small businesses to Midmarket or Midsize Business to Fortune 500 companies.
If you have any questions about our Maintenance and Support Packages or our blog, “Is my Company a Midmarket or Midsize Business?” please contact Advanced Communication Solutions by calling 1-800-750-3624 or visit BuyTelephoneSystem.com today! You can also follow Advanced Communication Systems on Facebook, Twitter, LinkedIn, and Google+.