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Running Head: BUSINESS CHALLENGES FACING SMES
Business Challenges Facing SMEs
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BUSINESS CHALLENGES FACING SMES
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Table of Contents
Business Challenges Facing SMEs ................................................................................................. 3
Challenges Facing SMEs ................................................................................................................ 3
Factors Behind Success of SMEs ................................................................................................... 4
Conclusion ...................................................................................................................................... 5
References ....................................................................................................................................... 6
BUSINESS CHALLENGES FACING SMES
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Business Challenges Facing SMEs
New Small and Medium Enterprises (SMEs) are continually opening up all over the
world, with a considerable number failing after a short period. According to the World Bank, a
business qualifies to be classified under this category if it has a maximum of 300 employees and
a turnover upper limit of $15 million. This definition means that the bulk of firms in the world
are SMEs (Zavatta, 2008). The majority of SMEs are unsuccessful, and this is attributable to the
particular common problems that face these business challenges. On t...