What is Mittelstand? - Saturday Stories
What is mittelstand? 🤔
It's a German word for small and medium businesses.
However, there is no clear cut on how #mittelstand is defined.
Some say up to 200, or even 500 employees.
Some say up to 50 million € in revenue. 💰
At the end of the day, that's not very important.
For example in Germany, more than 90% of the businesses are Mittelstand. 🏭
They employ more than 60% of the workforce and generate 50% of the revenue. 🚀