Introduction Of A Small Medium Sized Enterprise ( Sme )

Available Sources For SMEs Introduction It is well known that the economic base decides the superstructure. As an essential part of economy which contributes to the growth of industry as well as creates jobs for citizens, small to medium sized enterprise(SME) plays an irreplaceable role in both developed and developing countries(Angela,2011). Although SME has its own important value, not every enterprise can improve its business and be profitable. There is a need for SME to develop a funding strategy based on the somehow macroeconomic environment. It is necessary for SME to be down to earth to improve the business conditions so that SME will gain the needed capital to realize business expansion by winning the trust of creditors or investors. However, when formulating the strategy, SME failed to attract the needed fund result in technology will not be introduced into the enterprise because internal conditions have not reached a certain standard. In this essay, the difficulty in raising finance for SMEs will be discussed and what type of supportive sources will be available for SME to put the capital and technology into use and manage. 1. Situation of SME Klonowski (2009) summarizes four reasons to support SMEs. First, every 6 out of 10 new jobs are provided by SME sector. Second, SMEs are promoting the transition from traditional industries to high-technology sector actively. Third, SMEs are competitive at the cutting-edge of developing innovations. Last, significantShow MoreRelatedFlexible Working1445 Words   |  6 Pages Assessment Title: Report Assignment Title: Analysing the feasibility of SMEs in the UK introducing flexibile working arrangements. Tutor Name: Debora Brito Student ID Number: 2253710 Date of Submission: Monday 9th May 2016 before 2 pm Content 1.1 Introduction——————————————————————————3 1.2 Background——————————————————————————3 Read MoreImpact Of Small And Medium Sized Businesses On Jobs And The Economy1602 Words   |  7 PagesRunning head: SMEs​ 1 The Impact of Small and Medium Sized Businesses on Jobs and the Economy Name: Institution: Outline 1. Introduction Introduces the discussion and gives a thesis statement 2. Discussion Explores the contribution of SMEs to the economy, gives detailed statistics from various academic sources. It also offers an explanation of the impact of the 2008 financial crisis to the SMEs contribution to the economy in regards to employment 3. Conclusion Wraps up theRead MoreSme Sectors Benefits to the Economy1713 Words   |  7 PagesThe SME sector is said to make a significant contribution to employment; evaluate this claim by drawing on the literature, and discuss what other contributions are made to the economy by the SME sector. Gov website says that for the purposes of SME 2006 statistics an SME is defined as any business that has less than 250 employees. SME: small and medium-sized enterprises are defined by the European Commission as independent enterprises that have fewer than 250 employees, and an annual turnover notRead MoreAdvantages of Cloud Computing for Smes1606 Words   |  7 PagesThe advantages of Cloud Computing to a small to medium size enterprise Leyla Evloeva B00053158 Department of Business School of Business amp; Humanities Institute of Technology, Blanchardstown Dublin 15 Word Limit for Assignment: 1500 Actual count: 1533 Bachelor of Business General Business 21/10/2011 Table of Contents 1 Executive Summary 2 2 Introduction 2 3 Competitive Advantages 3 3.1 Reduce Cost 3 3.2 Pay per Use 3 3.3 Meets Organizational Requirements 4 Read MoreWhy the human resource management is important in small-medium Entrepreneur in UK1368 Words   |  6 Pagesï » ¿Why the human resource management is important in small-medium Entrepreneur in UK Introduction The article analyzes the way of HRM practice in small-medium enterprises(SMEs) and the reason why it is important element for SMEs. Over the past years, small-medium enterprises play an increasingly significant role in European economy. It is mainly because European countries including UK have large amount of SMEs but with small scale of big enterprises. However, HRM, as an important part of a companyRead MoreThe Challenges Of Small Businesses Essay1428 Words   |  6 PagesABSTRACT The main objective of this research is to analyse and study the challenges that lead to dereliction of some small businesses in Potchefstroom. The study aims to understand and find ways or improved strategies that could assist small businesses to succeed in the future. According to SBA (Cited by Anon., 2016), 30% of new businesses fail during the first two years of being open, 50% during the first five years and 66% during the first 10.This usually takes place because of common factorsRead MoreKey Drivers Of India s Economic Growth1859 Words   |  8 PagesStatement SMEs (Small and Medium enterprises) are one of the key drivers of India’s economic growth. Over the years a large number of small and medium size companies have grown in the market. Small and Medium Enterprises (SMEs) have been contributing so much towards the GDP of India. With their emergence and huge potential, the government of India launched regulated trading platforms for the SMEs, which allows them to get listed without bringing an IPO. The stock exchanges for these enterprises were introducedRead MoreAnalysis Of Small And Medium Sized Firms5763 Words   |  24 Pages CREATIVITY AND INNOVATION ENTREPRENEURSHIP; Analysis of small and medium sized firms (Small and medium scale enterprises: SMES) By Daniel Abioye, INTRODUCTION Small and medium sized firms play a prominent role in economic development (Osotimehi, et al. 2012). Hence it has been the underlining background to this study. The importance of SMES cannot be overemphasized in an economy. This is because they contribute to the creation of employment, free competitive market environments, inputs for largeRead MoreImportance Of Small And Micro Enterprises1911 Words   |  8 PagesThe importance of small and Micro Enterprises (SMEs) in the economy of any country cannot be overlooked. In fact for nearly 15 years, most researchers dealing with economic planning have highlighted the significance of these enterprises stating that they are a key player in realizing any country’s economic goals. As such, governments as well as other organizations with interest in development are laying plans and strategies to promote the establishment of Small and Micro Enterprises. This is seen asRead MoreHistorical Background Of Manufacturing Smes1217 Words   |à ‚  5 PagesCHAPTER ONE INTRODUCTION 1.1 Introduction In this document the researcher will present a detailed historical background of manufacturing SMEs in Zimbabwe. The other issues to be highlighted and discussed include problem statement, purpose or justification of the study, objectives of the study, research questions, research hypothesis, significance of the study, research assumptions, scope or delimitations of the study, ethical considerations and a summary. 1.2 Background to the study (60) Small to medium