Small and medium-sized enterprises

314: 184: 1179: 959:'s 2020 List of Establishments report, there are 957,620 registered business enterprises operating in the country, composed of 99.51% MSMEs and 0.49% large firms. The MSMEs consist of 88.77% microenterprises, 10.25% small enterprises, and 0.49% medium enterprises. Among the top industry sectors include (1) wholesale and retail trade; repair of motor vehicles and motorcycles (445,386); (2) accommodation and food service activities (134,046); (3) manufacturing (110,916); (4) other service activities (62,376); and (5) financial and insurance activities (45,558) which accounted for about 83.77% of the total number of MSME establishments. Prior to the pandemic, MSMEs generated more than 5.38 million jobs or 62.66% of the country's total employment with a 29.38% share from micro-enterprises followed by 25.78% and 7.50% for small and medium enterprises. 981: 631:(MSMED Act) and was notified in September 2006. The Act provides for the classification of enterprises based on their investment size and the nature of the activity undertaken by that enterprise. As per MSMED Act, enterprises are classified into two categories - manufacturing enterprises and service enterprises. For each of these categories, a definition is given to explain what constitutes a micro-enterprise or a small enterprise or a medium enterprise. If an enterprise does not fall under the above categories, it would be considered a large-scale enterprise. 1263:, and out of that, for instance, in 2011, micro companies generated 29.6%, small companies 7.7%, and medium companies 10.4% (big companies 24.0%; other entities 16.5%, and revenues from customs duties and taxes generated 11.9%). In 2011, out of the total of 1,784,603 entities operating in Poland, merely 3,189 were classified as "large", so 1,781,414 were micro, small, or medium. SMEs employed 6.3 million people out of the total of 9.0 million of labour employed in the private sector. In Poland in 2011 there were 36.2 SMEs per 1,000 inhabitants. 1132:

In order to prepare for an evaluation and revision of some features of the small and medium-sized enterprises definition European Union established public consultation period from 6 February 2018 to 6 May 2018. Public consultation is available for all EU member country citizens and organizations. Especially, national and regional authorities, enterprises, business associations or organizations, venture capital providers, research and academic institutions, and individual citizens are expected as the main contributors.

1407:

reduction in the tax rate on taxable income from active businesses up to $ 500,000. This small business deduction is reduced for corporations whose taxable capital exceeds $ 10M and is eliminated for corporations whose taxable capital exceeds $ 15M. It has been estimated that almost $ 2 trillion of Canadian SMEs will be coming up for sale over the next decade, which is twice as large as the assets of the top 1,000 Canadian pension plans and approximately the same size as Canadian annual GDP.

129: 1357:(UK), a company is defined as being an SME if it meets two out of three criteria: it has a turnover of less than £25m, it has fewer than 250 employees, it has gross assets of less than £12.5m. Very small companies are called in the UK micro-entities, which have simpler financial reporting requirements. Such micro-enterprises must meet any two of the following criteria: balance sheet £316,000 or less; turnover £632,000 or less; employees 10 or less. 1530: 237: 3955: 3943: 163:, a.k.a. CEOs. The CEOs of SMEs are often the founders, owners, and managers of the SMEs. The duties of the CEO in a SME mirror those of the CEO of a large company: the CEO needs to strategically allocate their time, energy, and assets to direct the SMEs. Typically, the CEO is the strategist, champion and leader for developing the SME or the prime reason for the business failing. 1131:

The European definition of SME follows: "The category of micro, small and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding 50 million euro, and/or an annual balance sheet total not exceeding 43 million euro."

809:

Despite their significant contribution to GDP and job creation, Indonesian MSMEs confront a number of obstacles. One of the most significant is capital access: 60-70 percent of MSMEs lack access to financial institutions and their funding options. Other restrictions include inadequate infrastructure,

1274:

The Polish bank wants to use at least 50% of the loan for initiatives with a clear emphasis on tackling climate change, such improving building energy efficiency or turning to renewable energy sources like solar power. The money is set to be distributed across Poland, with around 80% of it projected

1582:

In Australia, a SME has 200 or fewer employees. Micro Businesses have 1–4 employees, small businesses 5–19, medium businesses 20–199, and large businesses 200+. Australian SMEs make up 98% of all Australian businesses, produce one-third of total GDP, and employ 4.7 million people. SMEs represent 90

1013:

The pandemic has had a greater impact on SMEs than on large businesses, with an average sales loss of 26% versus 23% for large businesses. Government assistance appears to have benefited SMEs more than large corporations among the companies that do have overdraft facilities, indicating a successful

693:

Businesses that are declared as MSMEs and within specific sectors and criteria can then apply for "priority sector" lending to help with business expenses; banks have annual targets set by the Prime Minister's Task Force on MSMEs for year-on-year increases of lending to various categories of MSMEs.

1304:

In Norway it is normal to describe small and medium-sized businesses as businesses with fewer than 100 employees. Businesses with 1–20 employees are defined as small, while businesses with 21–100 employees are considered medium-sized. A business with more than 100 employees would be considered a

166:

At the employee level, Petrakis and Kostis (2012) explore the role of interpersonal trust and knowledge in the number of small and medium enterprises. They conclude that knowledge positively affects the number of SMEs, which in turn positively affects interpersonal trust. Note that the empirical

1025:

to a greater extent than small businesses, with 26% boosting their online distribution of products and services, compared to 22% for SMEs. The most significant difference in adaption measures was shown in the chance of expanding remote work, which increased by 25% among SMEs but 50% among large

1406:

defines a small business as one with fewer than 100 paid employees, and a medium-sized business as one with at least 100 and fewer than 500 employees. As of December 2012, there were 1,107,540 employer businesses in Canada of the rally . Canadian controlled private corporations receive a 17%

1000:

Medium-sized businesses (or mid-caps) play an important role in the European economy, accounting for a considerable part of employment and wealth production. According to a recent European Commission analysis, mid-cap companies (250-3000 people) make up about 17% of total employment and 21% of

1171:, discovered their strengths, considered SME as a solution to mid-20th century economic problems (mass unemployment, abuse of economic power), and laid the foundations for non-selective (functional) industrial policies to promote SMEs." Only around 20% of European SMEs are substantially 1266:

Nearly seven million people are employed by small businesses in Poland, which accounts for around half of the country's GDP, yet smaller businesses are less likely than larger ones to invest in strategies to combat climate change or boost energy efficiency. In October 2021, the

1106:

In July 2011, the European Commission said it would open a consultation on the definition of SMEs in 2012. A consultation document was issued on 6 February 2018 and the consultation period closed on 6 May 2018. As of November 2019, no conclusions or responses have yet emerged.

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Austrian Institute of Technology (AIT); Directorate-General for Internal Market, Industry; Integral Research (United Kingdom); The Economic and Social Research Institute (ESRI Ireland); Dachs, Bernhard; Siedschlag, Iulia; Yan, Weijie; Yoveska, Maria; Boeira, Fernanda (2022).

3646: 1004:

Micro firms (with fewer than nine employees) employ 38% of the total workforce, while SMEs with fewer than 250 employees account for 34.4%. Larger (XL) firms with 3,000 or more employees account for 10.1% of overall employment in EU business sectors. According to

428:

usually employ up to 200 people (100 in the agricultural sector), and the maximum turnover varies from R5 million ($ 346,100) in the agricultural sector to R51 ($ 3,529,800) million in the manufacturing sector and R64 ($ 4,429,600) million in the wholesale trade,

1595:, 99% of businesses employ 50 or less staff, and the official definition of a small business is one with 19 or fewer employees. It is estimated that approximately 28% of New Zealand's gross domestic product is produced by companies with fewer than 20 employees. 1311:

Small and medium-sized businesses make up more than 99% of all businesses in Norway, and together they employ 47% of all employees in the private sector. Together, SMEs account for 44% of the economic value added each year: almost 700 billion Norwegian Kroner

3865: 1506:

criteria based on industry, ownership structure, revenue and number of employees (which in some circumstances may be as high as 1500, although the cap is typically 500). Both the US and the EU generally use the same threshold of fewer than 10 employees for

992:

as they account for 99.8% of non-financial enterprises in the European Union (EU) and employ two-thirds of the workforce in the EU. The majority of European firms are small and medium-sized enterprises (SMEs), employing over 100 million people. Due to the

1231:

Medium-sized firms are ahead of SMEs in terms of digital technology adoption, with performance comparable to that of larger enterprises. Over 84% of XL businesses invested in at least one digital technology, compared to approximately 75% for mid-caps.

92:, the self-employed workers alone account for about 28% of the total non-farm employment, and firms with fewer than 100 employees account for about 62% of total employment. The United States' SMEs generate half of all U.S. jobs, but only 40% of GDP. 3805: 1009:

statistics, in 2021, tiny enterprises (0-9 workers) and SMEs (excluding micro firms) employed around 30% and 34.5% of the entire workforce in EU27 business sectors, while bigger firms (250+ employees) contributed for 36.4% of overall employment.

1423:, which is a direct translation of SMEs. But there's another categorization in the country called MiPyMEs. The MiPyMEs are micro, small and medium-sized businesses, with an emphasis on micro which are one man companies or a type of freelance. 309:

The data is part of Egypt's 2012/13 economic census on establishments ranging from small stalls to big enterprises. Economic activity outside the establishments – like street vendors and farmers, for example – were excluded from the census.

382:, the term is SME (for "small, medium, and micro enterprises"); elsewhere in Africa, MSME stands for "micro, small, and medium enterprises". An SME is defined as a small business that has more than 30 employees but less than 250 employees. 1228:, the probabilities of bankruptcy for a SME are 2.7 times higher than for a non-SME. Credit limitations are especially difficult for SMEs and new businesses to overcome. Credit constraints affect 24% of SMEs and 27% of young businesses. 1844:

Small and medium-sized enterprises (SMEs) are highly significant in both developed and developing countries as a proportion of the totl number of firms, for the contribution they make to employment, and for their ability to develop

1163:, dating back into the 19th century. Until the mid-20th century, most researchers considered SME as an impediment to further economic development and SME policies were thus designed in the framework of social policies. Only the 3876: 1017:

SMEs were more quick in altering output during the pandemic, despite the intensity of the shock. In reaction to the crisis, one-third of major enterprises altered their output or services, compared to 37% of SMEs.

167:

results indicate that interpersonal trust does not affect the number of SMEs. Therefore, although knowledge development can reinforce SMEs, trust becomes widespread in a society when the number of SMEs is greater.

3499: 1147:

it could have been 100. The result is that while a Belgian business of 249 employees would be taxed at full rate in Belgium, it would nevertheless be eligible for SME subsidy under a European-labelled programme.

1239:

began in early 2020, SMEs in Europe have suffered unprecedented economic instability and turbulence. In 2023, they faced further challenges, including higher input costs, higher borrowing costs and uncertainty.

1014:

application of policies to ease financial limitations for SMEs even when they receive help from the banking sector. The EIB Group contributed more than €16.35 billion to small and medium-sized firms in 2022.

980: 114:'s 2021 FINDEX database, there is a $ 1.7 trillion funding gap for formal, women-owned micro, small, and medium-sized enterprises. Additionally, over 68% of small women-owned firms lack access to finance. 3816: 305:

Medium-sized enterprises with 10 to 50 employees account for around 2.7 percent of total businesses. However, big businesses with over 50 employees account for 0.4 percent of all enterprises nationwide.

224:(NPL) ratio of at least 5%. NPLs account for at least 10% of the SME portfolio in approximately one-third of African banks. Furthermore, 50% of the banks had at least 5% of their SME portfolio under the 2775: 175:

Multilateral organizations have been criticized for using one measure for all. The legal boundary of SMEs around the world vary, and below is a list of the upper limits of SMEs in some countries.

2949: 3852: 2721: 202:

small businesses frequently struggle to get the cash they require to thrive. According to the SME Finance Forum, the formal financing gap for African SMEs averaged 17% of GDP across the

1390:

In order to support SMEs, the UK government set a target in 2010 "that 25% of government’s spend, either directly or in supply chains, goes to SMEs by 2015"; it achieved this by 2013.

2111: 3442:

D. Walczak, G. Voss, New Possibilities of Supporting Polish SMEs within the Jeremie Initiative Managed by BGK, Mediterranean Journal of Social Sciences, Vol 4, No 9, p. 760-761

613:

defines Small and Medium Enterprises (SMEs) as any manufacturing business that employs less than 100 people or any non-manufacturing business that employs less than 50 people.

299: 3921: 3029: 2973: 2750: 1271:, a Polish bank that specializes in funding environmental protection initiatives received €75 million from the European Investment Bank (EIB) for these small enterprises. 313: 331:

Seventy percent of the country's 24 million businesses have only one or two employees. But less than 0.1 percent – only 784 businesses – employ between 45 and 49 people.

1372:

as it is also sometimes named. These are businesses in Britain that are not only small or medium but also have a much broader set of values and more elastic definition.

394:

in the different sectors, varying from the manufacturing to the retail sectors, are defined as businesses with five or fewer employees and a turnover of up to R100,000

346:

For micro-enterprises, the minimum number of employees is up to 10 employees. For small enterprises, it is from 10 to 50. For medium enterprises, it is from 50 to 100.

183: 628: 1209:

in 2022, SMEs and mid-caps are major contributors in the Bulgarian economy. They also employ over 75% of the workforce and create 65% of the economy's added value.

1604: 967:

With effect from 1 April 2011, the definition of SMEs is businesses with annual sales turnover of not more than $ 100 million or employing no more than 200 staff.

458:

SMEs account for nearly 90% of all company entities in developing Asian countries and are the principal private sector employers, supplying 50-80% of all jobs.

3418: 2160: 984:

Small and medium enterprises that invested in becoming more digital as a response to COVID-19 and received public financial support over the past three years

1806:

In the United States, small business accounts for 50 percent of jobs, 40 percent of GDP, 30 percent of exports, and one-half of technological innovations.

3228: 2024: 1547: 254: 1733: 3253: 2393: 1669:

In most countries, small and medium-sized enterprises (SMEs) make up the majority of businesses and account for the highest proportion of employment.

17: 3621: 159:

SMEs are important for economic and social reasons, given the sector's role in employment. Due to their sizes, SMEs are heavily influenced by their

2416: 1960: 1911: 810:

difficulties acquiring company licences and permissions, high tax rates, political insecurity, and improving their brand image in the digital era.

956: 298:'s businesses are small-sized, with 97 percent employing fewer than 10 workers, according to census data released by state-run statistics body 1376: 3569: 3277: 2358: 1178: 627:

defines Micro, Small and Medium Enterprises based on dual criteria of investment and turnover. This definition is provided in Section 7 of

1041:, SMEs are enterprises which meet the following definition of staff headcount and either the turnover or balance sheet total definitions: 3975: 3591: 1202:. An estimated 50% of Europe's small firms may fail because they lack the substantial financial reserves required to weather the crisis. 3204: 2849:

Business resilience in the pandemic and beyond: Adaptation, innovation, financing and climate action from Eastern Europe to Central Asia

76:

In any given national economy, SMEs sometimes outnumber large companies by a wide margin and also employ many more people. For example,

3900: 1990: 3139: 436:

A comprehensive definition of an SME in South Africa is, therefore, an enterprise with one or more of the following characteristics:

3503: 2876: 1787: 1328: 1313: 1306: 465:, contributing considerably to each country's GDP—for example, 46% in Singapore, 57% in Indonesia, and over 40% in other nations. 3033: 2445:"To what extent is social security spending associated with enhanced firm-level performance? A case study of SMEs in Indonesia" 2063: 1619: 1420: 3457: 3389: 2900: 406:

employ between 21 and 50 employees. The upper limit for turnover in a small business varies from R1 million ($ 69,200) in the

95:

Developing countries tend to have a larger share of small and medium-sized enterprises. SMEs are also responsible for driving

3926: 3779: 3399: 2857: 2796: 2760: 2657: 2042: 1276: 485:, employed manpower and yearly turn over, and they are definitely not Public Limited Co. and requires these characteristics: 2673: 1287:

Slovenia's one-stop-shops for SMEs were recognised by the European Commission in 2008 as a good practice example in making

1175:, compared to almost 50% of major businesses. Small and medium-sized companies make up 56.2% of the non-financial sector. 3053: 2574: 140: 53:

and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the

1331:

defines small and medium-sized enterprises as companies with less than 250 employees. The categories are the following:

1029:

The criteria for defining the size of a business differ from country to country, with many countries having programs of

3012: 191:'s Banking in Africa survey, 2021. Expected change in credit demand from small and medium-sized enterprises in 2021 in 3229:"More than 75% of employees in Bulgaria work in small and medium-sized enterprises ● Ministry of Economy and Industry" 411: 2847: 2185: 1830: 1753: 1655: 1569: 276: 107:. Although they create more new jobs than large firms, SMEs also suffer the majority of job destruction/contraction. 3301: 1650:. Issue 3 of Commonwealth trade and enterprise paper, ISSN 2310-1369. London: Commonwealth Secretariat. p. 1. 488:

Key: SE = Small enterprises; ME = Medium enterprises; N/A = Not Applicable; Tk lakhs= × 100,000 Bangladeshi takas

2533:

The World’s Best-Kept Financial Inclusion Secret Revealed: The Untold Success Story of BRI Microbanking Since 1895

1247:, adjusted for inflation, remains below the pre-crisis level of 2019, and is anticipated to fall further in 2024. 3690: 2532: 2492:"Enhancing Brand Image in the Digital Era: Evidence from Small and Medium-sized Enterprises (SMEs) in Indonesia" 3542: 2003: 1551: 1151:

SMEs are a crucial element in the supplier network of large enterprises which are already on their way towards

415: 258: 2286: 3959: 2998: 2315: 2290: 1862:"Digital Innovations in MSMEs during Economic Disruptions: Experiences and Challenges of Young Entrepreneurs" 1499: 3481: 3180: 3156: 2812: 2383: 1135:

EU member states have had individual definitions of what constitutes an SME. For example, the definition in

3717: 3092:"Industrial revolution - industry 4.0: Are German manufacturing SMEs the first victims of this revolution?" 3066: 407: 3980: 3933: 2950:"Productivity gains from teleworking in the post COVID-19 era: How can public policies make it happen?" 1796:. Department of State publication, volume 11164. Colin L. Powell. U.S. Department of State. p. 233 362:

according to asset base and a number of staff employed. The criteria are an asset base that is between

2311: 1268: 3441: 3368: 2004:

Defining SMEs: A Less Imperfect Way of Defining Small and Medium Enterprises in Developing Countries"

825:. Quality content on both information streams will positively affect branding and attract customers. 1946: 1925: 1186:

Smaller companies account for more than 60% of the value contributed to the non-financial sector in

616:

98% of business establishments in Hong Kong are defined as SMEs and employed 45% of the work force.

2336: 877:

Rental leasing services without option rights, employment, travel agents and other business support

843:, the capital city of Indonesia, 529 MSMEs with the potential to be funded have been identified by 832: 318: 213: 188: 70: 3558: 2697: 3516: 2556: 1540: 355: 247: 160: 100: 2112:"Eliminating Gender Disparities in Business Performance in Africa: Supporting Women-Owned Firms" 1977: 1225: 829: 806:

An annual revenue of Rp 50 billion is approximately equal to US$ 3.1 million as of April 2024.

695: 3839: 3743: 3599: 3054:

Enterprise and Industry Publications: The new SME definition, user guide and model declaration

2752:

Hidden champions, missed opportunities: Mid-caps' crucial role in Europe's economic transition

2674:"Small and medium-sized enterprises | Fact Sheets on the European Union | European Parliament" 2228:"SME credit constraints in Asia's rising economic star: fresh empirical evidence from Vietnam" 2087: 3133:

Hans-Heinrich Bass: KMU in der deutschen Volkswirtschaft: Vergangenheit, Gegenwart, Zukunft,

2007: 1933: 1288: 1168: 836: 3132: 2647: 1216:, in countries with larger fiscal packages, SMEs were on average more likely to experience 742: 343:, the term changed to MSME, which stands for "micro, small, and medium-sized enterprises". 3668: 917:

Water Procurement, Waste Management And Recycling, Waste And Garbage Disposal And Cleaning

8: 3025: 2598: 1860:

Cueto, L. J.; Frisnedi, A. F. D.; Collera, R. B.; Batac, K. I. T.; Agaton, C. B. (2022).

1822:

Export Consortia in Developing Countries: Successful Management of Cooperation Among SMEs

1159:, "empirical research on SME as well as policies to promote SME have a long tradition in 1038: 711: 321:'s Banking in Africa survey, 2021, for the expected change in credit demand from SMEs in 221: 3353: 2513: 2472: 2265: 1786: 1715: 1156: 395: 2974:"What is an SME? - Small and medium sized enterprises (SME) - Enterprise and Industry" 1182:

Obstacles faced by small and medium enterprises when investing in digital technologies

3894: 3827: 3731: 3395: 3340: 2992: 2853: 2792: 2756: 2653: 2476: 2464: 2269: 2257: 2038: 1893: 1826: 1749: 1719: 1707: 1651: 1236: 1213: 1199: 994: 729: 217: 203: 3757: 3947: 3348: 3332: 3113: 3103: 2784: 2503: 2456: 2247: 2239: 2030: 1883: 1873: 1773:

Rijkers et al (2014): "Which firms create the most jobs in developing countries?",

1745: 1741: 1699: 1609: 1118: 1089: 989: 430: 225: 111: 3706:

Ley para el Desarrollo de la Competitividad de la Micro, Pequeña y Mediana Empresa

3484:, COM(2008)394 final, page 19, published on 25 June 2008, accessed on 14 July 2024 2925: 2243: 1688:"Virtue or vice? Public policies and Nigerian entrepreneurial venture performance" 370:

million ($ 1,538,000), and a staff strength that is between 11 and 100 employees.

3564: 3143: 1820: 1791: 1645: 1403: 835:

to extend credit to businesses that were considered "feasible but not bankable".

478: 462: 192: 104: 3622:"Statistical Release: Business Population Estimates for the UK and Regions 2014" 2227: 2135: 3803: 3336: 2422: 1703: 1624: 1503: 1380: 1360:

Many small and medium-sized businesses form part of the UK's currently growing

1354: 1305:

large business. "Micro-sized businesses" is a little-used expression in Norway.

1244: 1164: 844: 66: 62: 2064:"Finance in Africa: for green, smart and inclusive private sector development" 1224:, and country and sector fixed effects. When policy assistance rises by 1% of 694:

MSME is considered a key contributor to India's growth and contributes 48% to

88:, in the commercial year 2014, 98.5% of the firms were classified as SMEs. In 3969: 3344: 3320: 2517: 2468: 2261: 1897: 1825:. Berlin: Springer Science & Business Media (published 2012). p. v. 1711: 1687: 1495: 1030: 80:

SMEs makeup 98% of all Australian businesses, produce one-third of the total

2778: 2026:

Finance in Africa: for green, smart and inclusive private sector development

2508: 2491: 2161:"N200 BILLION SMALL AND MEDIUM ENTERPRISES CREDIT GUARANTEE SCHEME(SMECGS)" 1878: 1861: 1508: 1172: 1160: 1152: 1022: 818: 650: 328:

The results show that Egypt is greatly lacking in medium-sized businesses.

2628:

Internal Market, Industry, Entrepreneurship and SMEs - European Commission

2538:(Report). Ash Center for Democratic Governance and Innovation. p. 21 1614: 1592: 1363: 1324: 718:, UMKM) based on their assets and revenues according to Law No. 20/2008: 482: 419: 322: 3669:"T2 Corporation - Income Tax Guide - Chapter 4: Page 4 of the T2 return" 2780:

Study to map, measure and portray the EU mid-cap landscape: final report

2252: 1888: 228:, and 40% had at least 5% of SME loans under some type of restructuring. 128: 3715: 3135:

Berichte aus dem Weltwirtschaftlichen Colloquium der Universität Bremen

1991:

A Universal Definition of Small Enterprise: A Procrustean bed for SMEs?

1819:

Antoldi, Fabio; Cerrato, Daniele; Depperu, Donatella (5 January 2012).

1554: in this section. Unsourced material may be challenged and removed. 1217: 933:

Wholesale and retail trade of car and motorcycle repair and maintenance

474: 261: in this section. Unsourced material may be challenged and removed. 96: 54: 3278:"EBRD financing to support Bulgarian firms affected by war on Ukraine" 3118: 3108: 3091: 2623: 2460: 2221: 2219: 1926:"EIB Gender equality and women's economic empowerment - Overview 2024" 1912:

SMEs, Age, and Jobs: A Review of the Literature, Metrics, and Evidence

1686:

Olorunshola, Damilola Temitope; Odeyemi, Temitayo Isaac (2022-01-01).

1212:

The results of an EU survey conducted in 2021 suggest that during the

997:, a large majority of SMEs saw a decline in revenue during 2020-2021. 2490:

Suryani, Tatik; Fauzi, Abu Amar; Nurhadi, Mochamad (14 August 2021).

707: 610: 410:

to R13 million ($ 899,800) in the catering, accommodations and other

77: 50: 2444: 1980:", Journal of the Knowledge Economy, DOI: 10.1007/s13132-012-0115-6. 1529: 236: 2788: 2216: 1583:

percent of all goods exporters and over 60% of services exporters.

1206: 1140: 1006: 209:

According to the World Bank, women own 58% of all MSMEs in Africa.

46: 2034: 3627:. Department for Business Innovation and Skills. 26 November 2014 3523:. Department of Business, Innovation and Skills. 20 November 2014 3319:

Dörr, Julian Oliver; Licht, Georg; Murmann, Simona (2022-02-01).

3056:, Extract of Article 2 of the Annex of Recommendation 2003/361/EC 2226:

Nguyen, Lan Thanh; Su, Jen-Je; Sharma, Parmendra (21 June 2019).

2186:"Republic of South Africa, National Small Business Amendment Act" 1384: 1187: 1144: 1136: 1034: 840: 814: 379: 359: 89: 2624:"Entrepreneurship and Small and medium-sized enterprises (SMEs)" 2384:"1 USD To IDR Convert United States Dollar To Indonesian Rupiah" 1961:"The Global Findex Database 2021: Women and Financial Inclusion" 3954: 3916: 2417:"Rupiah at Four-Year Low Triggers Intervention, Rate Hike Talk" 2414:

Jiao, Claire; Kim, Hooyeon; Makol, Malavika Kaur (2024-04-01).

2388: 1416: 1256: 1111: 710:, the government defines micro, small, and medium enterprises ( 199: 2926:"Slovak high tech metallurgy business booms with EU financing" 220:

survey, 2021 suggests that most of the responding banks had a

2209:

Du Toit.Erasmus.& Strydom "Definition of small business"

1647:

Industrial Clusters and SME Promotion in Developing Countries

1220:

even after controlling for the size of the shock, the use of

1195: 1191: 822: 624: 367: 363: 340: 295: 85: 3691:"Equicapita May 2014 - Who Will Buy Baby Boomer Businesses?" 629:

Micro, Small & Medium Enterprises Development Act, 2006

1221: 418:

sector, with a maximum of R32 million ($ 2,214,800) in the

84:(gross domestic product) and employ 4.7 million people. In 58: 2698:"Two companies empower small businesses and grow together" 2136:"World Bank SME Finance: Development news, research, data" 925:

Provision of Accommodation and Provision of Food and Drink

828:

The People's Business Credit (Kredit Usaha Rakyat, or KUR

170: 2901:"Financing the economy - SMEs, banks and capital markets" 2722:"Europe's Small and Medium-sized Enterprises, Start-ups…" 2022: 1859: 1260: 302:(Central Agency for Public Mobilization and Statistics). 81: 3804:

Ministry of Business, Innovation and Employment (2014).

3500:

Taille, forme juridique, secteurs, répartition régionale

3387: 2364:. Commission for the Supervision of Business Competition 1605:

Environmental regulation of small and medium enterprises

3013:

Public consultation on the review of the SME definition

2158: 1788:

United States. Commission for Assistance to a Free Cuba

821:

in order to advertise their products and control their

634:

In June 2020, India updated the definition as follows:

1383:

businesses were SMEs, with their £1.6 trillion annual

839:

conducts more than half of KUR lending nationwide. In

3931: 3482:"Think Small First: A "Small Business Act for Europe" 3458:"EIB Group Activities in EU cohesion regions in 2021" 1818: 1114:, there are three broad parameters that define SMEs: 813:

21st-century businesses strategically use both their

2813:"EU small and medium-sized enterprises: an overview" 1692:

Journal of Small Business and Enterprise Development

3853:"SMEs in New Zealand: Structure and Dynamics 2011" 3647:"2010 to 2015 government policy: government buying" 3559:"Brittelstand stymied by lack of growth and skills" 3024: 2489: 390:In the National Small Business Amendment Act 2004, 3557: 3509: 3251: 2415: 1685: 1127:Medium-sized enterprises have up to 250 employees. 3780:"AN INTRODUCTION TO FTAs (FREE TRADE AGREEMENTS)" 3592:"Bridging loans UK can be used for many purposes" 3181:"Small and medium-sized enterprises: an overview" 3157:"Small and medium-sized enterprises: an overview" 2783:. LU: Publications Office of the European Union. 1740:, OECD Publishing, 2016-04-14, pp. 155–173, 1379:estimated that at the start of 2014, 99.3% of UK 687:Investment <= 50 cr and Turnover <= 250 cr 3967: 3391:EIB Group activities in EU cohesion regions 2023 3318: 3096:Journal of Industrial Engineering and Management 2980:. Archived from the original on February 8, 2015 2211:Introduction to business management, 7th Edition 676:Investment <= 10 cr and Turnover <= 50 cr 3813:Ministry of Business, Innovation and Employment 3785:. Small Business Association of Australia, 2015 1387:accounting for 47% of private sector turnover. 885:Professional, Scientific And Technical Services 3855:, Page 10-11, Ministry of Economic Development 3639: 3419:"SME Performance Review - European Commission" 3205:"Coronavirus (COVID-19): SME policy responses" 2225: 1341:Medium-sized enterprises: 50 to 249 employees 1021:Large businesses, on the other hand, embraced 665:Investment <= 1 cr and Turnover <= 5 cr 481:defines Small and medium enterprises based on 3716:United States Small Business Administration. 3543:"Micro-entities, small and dormant companies" 3321:"Small firms and the COVID-19 insolvency gap" 2496:Gadjah Mada International Journal of Business 1643: 1377:Department for Business Innovation and Skills 27:Type of business with small personnel numbers 3758:"1321.0 - Small Business in Australia, 2001" 3030:"Recommendation 2003/361/EC: SME Definition" 2413: 2289:. Support and Consultation Centre for SMEs, 2281: 2279: 1361: 2905:European Central Bank - Banking supervision 1314:Fakta om små og mellomstore bedrifter (SMB) 2359:"Indonesian Government Law No. 20 of 2008" 2159:Central Bank Of Nigeria (March 30, 2010). 2058: 2056: 2054: 1167:school, the founding fathers of Germany's 3352: 3117: 3107: 3071:European Commission - European Commission 2621: 2530: 2507: 2329: 2316:Trade and Industry Department (Hong Kong) 2312:"Support to Small and Medium Enterprises" 2291:Trade and Industry Department (Hong Kong) 2276: 2251: 1887: 1877: 1681: 1679: 1677: 1644:Fischer, Eileen; Reuber, Rebecca (2000). 1570:Learn how and when to remove this message 1124:Small enterprises have up to 50 employees 443:Annual turnover of less than R64 million, 402:employ between 6 and 20 employees, while 277:Learn how and when to remove this message 3480:Commission of the European Communities, 2852:. European Investment Bank. 2022-05-18. 2755:. European Investment Bank. 2024-01-10. 2652:. European Investment Bank. 2022-01-27. 2023:European Investment Bank. (2021-11-18). 2002:Gibson, T.; van der Vaart, H.J. (2008): 1924:Bank, European Investment (2024-03-07). 1415:The small and medium-sized companies in 1344:Large enterprises: 250 employees or more 1243:As a result, the SME value added in the 1198:, three of the nations worst hit by the 1177: 979: 446:Capital assets of less than R10 million, 358:defines small and medium enterprises in 312: 182: 3927:Small Business Expo Events Schedule USA 3806:"The Small Business Sector Report 2014" 3515: 3388:European Investment Bank (2024-07-15). 3383: 3381: 2842: 2840: 2838: 2836: 2834: 2832: 2745: 2743: 2741: 2599:"Digital innovation hubs to the rescue" 2593: 2591: 2589: 2587: 2051: 2018: 2016: 1978:The Role of Knowledge and Trust in SMEs 449:Direct managerial involvement by owners 171:Legal boundary on SMEs around the world 14: 3968: 3899:: CS1 maint: archived copy as title ( 3614: 3492: 3490: 3089: 2871: 2869: 1674: 1620:Small and medium enterprises in Mexico 1001:turnover in the EU27 business sector. 3922:SME definition by European Commission 3917:SMEs and Entrepreneurship at the OECD 3555: 3452: 3450: 3413: 3411: 2337:"Micro, Small and Medium Enterprises" 1777:, Volume 31, December 2014, pp.84–102 1738:Financing SMEs and Entrepreneurs 2016 1338:Small enterprises: 10 to 49 employees 988:Small companies are important to the 869:Health Services and Social Activities 3378: 3369:"The Digital Transformation of SMEs" 2829: 2738: 2584: 2442: 2304: 2287:"Small and medium enterprises (SME)" 2013: 1976:P.E. Petrakis, P.C. Kostis (2012), " 1923: 1855: 1853: 1552:adding citations to reliable sources 1523: 941:Agriculture, Forestry, and Fisheries 259:adding citations to reliable sources 230: 123: 3598:. Konnect Financial. Archived from 3487: 2866: 2640: 2213:Oxford University Press,2009, p. 49 1205:With around 338,000 functioning in 24: 3976:Small and medium-sized enterprises 3846: 3506:(page visited on 24 October 2017). 3447: 3423:single-market-economy.ec.europa.eu 3408: 2575:"Fact Sheet on New SME Definition" 1914:, World Bank Group, November 2015. 1335:Microentreprises: 1 to 9 employees 901:Arts, Entertainment And Recreation 461:SMEs cover 97-99% of all firms in 31:Small and medium-sized enterprises 25: 3992: 3910: 3090:Sommer, Lutz (28 November 2015). 1850: 1348: 1294: 975: 39:small and medium-sized businesses 18:Small and Medium-sized Enterprise 3953: 3941: 3504:Swiss Federal Statistical Office 2531:Rosengard, Jay K. (2022-11-18). 1528: 1489: 1393: 1155:. According to German economist 957:Department of Trade and Industry 235: 127: 3858: 3797: 3772: 3750: 3709: 3700: 3683: 3661: 3584: 3572:from the original on 2022-12-10 3556:Groom, Brian (1 October 2015). 3549: 3535: 3474: 3435: 3361: 3312: 3294: 3270: 3245: 3221: 3197: 3173: 3149: 3126: 3083: 3059: 3047: 3018: 3005: 2966: 2942: 2918: 2893: 2805: 2769: 2714: 2690: 2666: 2615: 2567: 2549: 2524: 2483: 2436: 2407: 2396:from the original on 2024-04-14 2376: 2351: 2203: 2178: 2152: 2128: 2104: 2080: 1996: 1983: 1970: 1953: 1539:needs additional citations for 385: 246:needs additional citations for 1917: 1904: 1811: 1780: 1767: 1746:10.1787/fin_sme_ent-2016-11-en 1726: 1636: 1586: 1318: 950: 13: 1: 3254:"Supporting SMEs in Bulgaria" 2443:Torm, Nina (September 2020). 2244:10.1080/00036846.2019.1569196 1630: 1500:Small Business Administration 831:) was established in 2007 by 468: 433:and allied services sector. 3394:. European Investment Bank. 2029:. European Investment Bank. 1519: 1259:generates almost 50% of the 962: 701: 605: 366: million ($ 15,400) to 7: 3015:, accessed 22 November 2019 2449:International Labour Review 1598: 1282: 1037:for SMEs. According to the 119: 10: 3997: 3596:www.konnectfinancial.co.uk 3337:10.1007/s11187-021-00514-4 1704:10.1108/JSBED-07-2021-0279 1514: 1329:Federal Statistical Office 716:usaha mikro kecil menengah 373: 349: 2997:: CS1 maint: unfit URL ( 2166:. Central Bank of Nigeria 1410: 1398: 1299: 1250: 970: 598: 554: 509: 506: 499: 496: 493: 440:Fewer than 200 employees, 178: 3325:Small Business Economics 3252:PricewaterhouseCoopers. 2930:European Investment Bank 2702:European Investment Bank 2649:EIB Activity Report 2021 2622:Anonymous (2016-07-05). 2603:European Investment Bank 2068:European Investment Bank 1291:responsive to SME need. 893:Other Service Activities 619: 334: 319:European Investment Bank 289: 214:European Investment Bank 189:European Investment Bank 71:World Trade Organization 3671:. Canada Revenue Agency 2339:. Reserve Bank of India 2010:website, September 2008 1866:Administrative Sciences 1793:Report to the President 1269:Bank Ochrony Środowiska 1121:have up to 10 employees 500:Fixed assets other than 453: 426:Medium-sized businesses 356:Central Bank of Nigeria 161:Chief Executive Officer 3960:Business and economics 3815:. MBIE. Archived from 3517:"Mid-sized businesses" 2678:www.europarl.europa.eu 2509:10.22146/gamaijb.51886 1941:Cite journal requires 1879:10.3390/admsci12010008 1362: 1183: 985: 325: 196: 3011:European Commission, 2881:www.oecd-ilibrary.org 2008:Brookings Institution 1289:public administration 1181: 1169:social market economy 983: 837:Bank Rakyat Indonesia 400:Very small businesses 316: 186: 3233:www.mi.government.bg 3137:Nr. 101, Bremen 2006 1548:improve this article 1056:Balance sheet total 856:Number of Companies 743:Statistics Indonesia 696:India's total export 255:improve this article 3026:European Commission 2191:. www.thedti.gov.za 1910:Aga et al. (2015): 1428: 1139:had a limit of 255 1039:European Commission 861:Processing Industry 833:President Yudhoyono 740:Number of Employees 684:Medium Enterprises 638: 408:agricultural sector 222:non-performing loan 3838:has generic name ( 3742:has generic name ( 3649:. 20 February 2013 3602:on 11 October 2015 3142:2017-12-15 at the 2088:"MSME Finance Gap" 1427:Number of workers 1426: 1255:The SME sector in 1184: 1157:Hans-Heinrich Bass 986: 673:Small Enterprises 662:Micro Enterprises 637: 507:Employed manpower 502:land and buildings 414:as well as in the 326: 206:assessed in 2017. 197: 139:. You can help by 3981:Companies by type 3760:. 23 October 2002 3401:978-92-861-5761-5 3302:"Seeds of growth" 3146:(PDF; 96 kB) 3109:10.3926/jiem.1470 2859:978-92-861-5086-9 2798:978-92-76-54830-0 2762:978-92-861-5731-8 2659:978-92-861-5108-8 2461:10.1111/ilr.12155 2238:(29): 3170–3183. 2232:Applied Economics 2092:SME Finance Forum 2044:978-92-861-5063-0 1580: 1579: 1572: 1487: 1486: 1237:COVID-19 pandemic 1200:COVID-19 pandemic 1119:Micro-enterprises 1104: 1103: 1047:Company category 1035:financial subsidy 995:COVID-19 pandemic 955:According to the 948: 947: 804: 803: 691: 690: 603: 602: 431:commercial agents 317:Results from the 287: 286: 279: 218:Banking in Africa 187:Results from the 157: 156: 110:According to the 16:(Redirected from 3988: 3958: 3957: 3946: 3945: 3944: 3937: 3905: 3904: 3898: 3890: 3888: 3887: 3881: 3875:. Archived from 3873:www.mbie.govt.nz 3870: 3862: 3856: 3850: 3844: 3843: 3837: 3833: 3831: 3823: 3821: 3810: 3801: 3795: 3794: 3792: 3790: 3784: 3776: 3770: 3769: 3767: 3765: 3754: 3748: 3747: 3741: 3737: 3735: 3727: 3725: 3724: 3718:"Size Standards" 3713: 3707: 3704: 3698: 3697: 3695: 3687: 3681: 3680: 3678: 3676: 3665: 3659: 3658: 3656: 3654: 3643: 3637: 3636: 3634: 3632: 3626: 3618: 3612: 3611: 3609: 3607: 3588: 3582: 3581: 3579: 3577: 3561: 3553: 3547: 3546: 3539: 3533: 3532: 3530: 3528: 3513: 3507: 3498: 3494: 3485: 3478: 3472: 3471: 3469: 3468: 3454: 3445: 3439: 3433: 3432: 3430: 3429: 3415: 3406: 3405: 3385: 3376: 3375: 3373: 3365: 3359: 3358: 3356: 3316: 3310: 3309: 3298: 3292: 3291: 3289: 3288: 3274: 3268: 3267: 3265: 3264: 3249: 3243: 3242: 3240: 3239: 3225: 3219: 3218: 3216: 3215: 3201: 3195: 3194: 3192: 3191: 3177: 3171: 3170: 3168: 3167: 3153: 3147: 3130: 3124: 3123: 3121: 3111: 3087: 3081: 3080: 3078: 3077: 3063: 3057: 3051: 3045: 3044: 3042: 3041: 3032:. 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2020: 2011: 2000: 1994: 1987: 1981: 1974: 1968: 1967: 1965: 1957: 1951: 1950: 1944: 1939: 1937: 1929: 1921: 1915: 1908: 1902: 1901: 1891: 1881: 1857: 1848: 1847: 1841: 1839: 1815: 1809: 1808: 1803: 1801: 1784: 1778: 1775:Labour Economics 1771: 1765: 1764: 1763: 1762: 1730: 1724: 1723: 1683: 1672: 1671: 1666: 1664: 1640: 1610:Hidden champions 1575: 1568: 1564: 1561: 1555: 1532: 1524: 1429: 1425: 1367: 1050:Staff headcount 1044: 1043: 990:European economy 850: 849: 721: 720: 639: 636: 491: 490: 404:small businesses 392:micro-businesses 282: 275: 271: 268: 262: 239: 231: 152: 149: 131: 124: 112:World Bank Group 105:economic sectors 21: 3996: 3995: 3991: 3990: 3989: 3987: 3986: 3985: 3966: 3965: 3964: 3952: 3942: 3940: 3932: 3913: 3908: 3892: 3891: 3885: 3883: 3879: 3868: 3866:"Archived copy" 3864: 3863: 3859: 3851: 3847: 3835: 3834: 3825: 3824: 3819: 3808: 3802: 3798: 3788: 3786: 3782: 3778: 3777: 3773: 3763: 3761: 3756: 3755: 3751: 3739: 3738: 3729: 3728: 3722: 3720: 3714: 3710: 3705: 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1559: 1556: 1545: 1533: 1522: 1517: 1492: 1413: 1404:Industry Canada 1401: 1396: 1351: 1321: 1302: 1297: 1285: 1253: 978: 973: 965: 953: 741: 736: 728: 704: 645:Classification 622: 608: 511: 510:Yearly Turnover 503: 501: 479:Bangladesh Bank 471: 463:South-east Asia 456: 420:wholesale trade 388: 376: 352: 337: 292: 283: 272: 266: 263: 252: 240: 193:Southern Africa 181: 173: 153: 147: 144: 137:needs expansion 122: 28: 23: 22: 15: 12: 11: 5: 3994: 3984: 3983: 3978: 3963: 3962: 3950: 3930: 3929: 3924: 3919: 3912: 3911:External links 3909: 3907: 3906: 3857: 3845: 3822:on 2017-03-12. 3796: 3771: 3749: 3708: 3699: 3682: 3660: 3638: 3613: 3583: 3548: 3534: 3508: 3486: 3473: 3446: 3434: 3407: 3400: 3377: 3360: 3331:(2): 887–917. 3311: 3293: 3269: 3244: 3220: 3196: 3172: 3148: 3125: 3082: 3058: 3046: 3028:(2003-05-06). 3017: 3004: 2965: 2941: 2917: 2892: 2865: 2858: 2828: 2804: 2797: 2789:10.2873/546623 2768: 2761: 2737: 2713: 2689: 2665: 2658: 2639: 2614: 2583: 2566: 2548: 2523: 2502:(3): 314–340. 2482: 2455:(3): 339–366. 2435: 2423:Bloomberg News 2406: 2375: 2350: 2328: 2303: 2275: 2215: 2202: 2177: 2151: 2127: 2103: 2079: 2050: 2043: 2012: 1995: 1982: 1969: 1952: 1943:|journal= 1916: 1903: 1849: 1831: 1810: 1779: 1766: 1754: 1725: 1673: 1656: 1634: 1632: 1629: 1628: 1627: 1625:Small business 1622: 1617: 1612: 1607: 1600: 1597: 1588: 1585: 1578: 1577: 1536: 1534: 1527: 1521: 1518: 1516: 1513: 1504:small business 1491: 1488: 1485: 1484: 1481: 1478: 1475: 1471: 1470: 1467: 1464: 1461: 1457: 1456: 1453: 1450: 1447: 1443: 1442: 1439: 1436: 1433: 1412: 1409: 1400: 1397: 1395: 1392: 1381:private sector 1355:United Kingdom 1350: 1349:United Kingdom 1347: 1346: 1345: 1342: 1339: 1336: 1320: 1317: 1301: 1298: 1296: 1295:Outside the EU 1293: 1284: 1281: 1252: 1249: 1245:European Union 1222:bank financing 1165:Ordoliberalism 1129: 1128: 1125: 1122: 1102: 1101: 1098: 1095: 1092: 1086: 1085: 1084:≤ €10 million 1082: 1081:≤ €10 million 1079: 1076: 1072: 1071: 1070:≤ €43 million 1068: 1067:≤ €50 million 1065: 1062: 1058: 1057: 1054: 1051: 1048: 1033:reduction and 977: 976:European Union 974: 972: 969: 964: 961: 952: 949: 946: 945: 942: 938: 937: 934: 930: 929: 926: 922: 921: 918: 914: 913: 910: 906: 905: 902: 898: 897: 894: 890: 889: 886: 882: 881: 878: 874: 873: 870: 866: 865: 862: 858: 857: 854: 853:Economy Sector 845:Bank Indonesia 802: 801: 798: 795: 792: 788: 787: 784: 781: 778: 774: 773: 770: 767: 764: 760: 759: 756: 753: 750: 746: 745: 738: 733: 727:Maximum assets 725: 703: 700: 689: 688: 685: 682: 678: 677: 674: 671: 667: 666: 663: 660: 656: 655: 646: 643: 621: 618: 607: 604: 601: 600: 597: 594: 591: 588: 585: 582: 578: 577: 574: 572: 569: 567: 564: 561: 557: 556: 553: 550: 547: 544: 541: 538: 534: 533: 530: 527: 524: 521: 518: 514: 513: 508: 505: 498: 495: 470: 467: 455: 452: 451: 450: 447: 444: 441: 387: 384: 375: 372: 351: 348: 336: 333: 291: 288: 285: 284: 243: 241: 234: 180: 177: 172: 169: 155: 154: 134: 132: 121: 118: 67:United Nations 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