background preloader

SME Business

Facebook Twitter

Small Business Act for Europe - Small and medium sized enterprises (SME) - Enterprise and Industry. It aims to improve the overall approach to entrepreneurship, permanently anchor the 'Think Small First' principle in policy making from regulation to public service, and to promote SMEs' growth by helping them tackle the remaining problems which hamper their development. The Small Business Act for Europe applies to all independent companies which have fewer than 250 employees: 99% of all European businesses. 23/11/2011 - Less regulatory burden for small businesses The Commission presented a new approach to ensure that the EU responds better to the needs of small businesses. From now on, the European Commission will seek wherever possible to exempt micro-enterprises from EU legislation or introduce special regimes so as to minimise the regulatory burden on them.

In a report to the Council and the European Parliament, the Commission presents a list of initiatives of this kind already taken and to be examined for the future. Report February 2011: SBA Review SBA Review [122 KB] The SME Envoy. The competitiveness of the European Union (EU) is fundamentally dependent on the wellbeing of its small and medium-sized enterprises (SMEs). The EU's 23 million SMEs make up 99 % of all EU companies and account for the majority of new jobs created. SMEs are thus an essential source of growth, increased employment and better jobs in the European economy, which are key aims of the Lisbon strategy. Although they are affected by many EU policies, it is difficult for SMEs to make their opinions heard.

In order to give them an opportunity to express themselves, and so as to implement in practice the "Think Small First" principle set out in the European Charter for Small Enterprises adopted by the Santa Maria de Feira European Council in June 2000, the European Commission decided to appoint an SME Envoy. The SME Envoy acts as the interface between European SMEs and the Commission. Internally, the Envoy's role is to improve the Commission's awareness of the problems facing SMEs. What is an SME? - Small and medium sized enterprises (SME) - Enterprise and Industry. "SME" stands for small and medium-sized enterprises – as defined in EU law: EU recommendation 2003/361 The main factors determining whether a company is an SME are: number of employees and either turnover or balance sheet total. These ceilings apply to the figures for individual firms only. A firm which is part of larger grouping may need to include employee/turnover/balance sheet data from that grouping too.

For the details of how this works, see: What help can SMEs get? There are 2 broad types of potential benefit for a company if it meets the criteria: eligibility for support under many EU business-support programmes targeted specifically at companies of this size: E.g. research funding, competitiveness and innovation funding and similar national support programmes that could otherwise be banned as unfair government support ("state aid" – see block exemption regulation).

External study on the implementation of the SME Definition (2012) Executive Summary on Evaluation of the SME Definition. Company name and trade mark checker.

Managing an SME

Want to take part? - Enterprise and Industry. Busness Matters SME. 5 Easy Ways to Kick-start Your Business Planning - Business Plan Strategy. Don't know where to start with your plan? Here are some tips to get you going--today. Have you been putting off the business planning? You know who you are. Do you mean to start managing better, but keep getting distracted by fires to put out?

Here are five quick and easy ways to start planning today. Do a SWOT Analysis SWOT stands for strengths, weaknesses, opportunities, and threats. The author is an Entrepreneur contributor. Six Sigma for SMEs. The 9 Most Common Start-up Mistakes. Making mistakes is a great way to learn. Making mistakes is also not particularly fun. It's a lot more fun to avoid them entirely. Here are some of the most common mistakes entrepreneurs—and businesspeople in general—tend to make: 1. Think of a plan as an end result. Say you’re agonizing over a business plan; somewhere along the way you've forgotten your goal is to actually start the business. Establish goals, create long-range plans, make to-do lists, and get going. Most successful people are solid planners and excellent adapters. 2. Just be you. 3. Great, but execution is everything. Check out everything on the business menu, but only select a few items at a time. 4. An estimate is theoretical. 5. 6. Apply sensitivities and create plans in case your estimates are wrong. 7.

Sometimes it's not the business or the market. 8. Business is serious enough. 9. What matters most is what matters most to you. The importance of SMEs in Europe « The Sustainable SME. Did you know? The 23 million SMEs in Europe act as incubators of entrepreneurial culture, and provide 100 million jobs. SMEs make up 99% of all companies operating in Europe and the SMEs provide 67% of total EU employment. SMEs make up 99% of all companies operating in Europe SMEs provide 67% of employment in Europe SMEs play a fundamental role in the European economy It is also important to remember that all large companies start as SMEs. Overall, SMEs make a significant contribution to a country’s GDP and employment.

SMEs are important to society in general SMEs are important for economic and social reasons. SMEs Need Support There is recognition that incentives for entrepreneurship are important. Watch out for future posts on SME supports and funding opportunities in the EU Like this: Like Loading... SME marketing channel preferences | B2B market research agency. By Andrew Dalglish - SMEs. There are close to two million, they generate half of the UK’s GDP and employ 60 per cent of the private sector workforce. Moreover, they’re big buyers of B2B products and services. Just ask Sage who’s built a £1.4 billion business on the back of them. SMEs are a potentially significant opportunity for many B2B marketers then, but how best to open a conversation? This was puzzling me so I asked 450 buyers of B2B services within SMEs to imagine a prospective supplier wanted to engage with them. Their answers provide clear guidance on where best to target marketing resources.

An overview The fourteen channels explored fall into four categories based on their effectiveness. Prioritise – channels with the highest impactDeploy selectively – channels without mass appeal but effective amongst manyThink carefully – channels disliked by the majority but appealing to a minorityHandle with care – channels that may alienate as many dislike Adopt a segmented approach. The myth of the overnight success. Tech Angry Birds was Rovio’s 52nd game. They spent eight years and almost went bankrupt before finally creating their massive hit. Pinterest is one of the fastest growing websites in history, but struggled for a long time. Pinterest’s CEO recently said that they had “catastrophically small numbers” in their first year after launch, and that if he had listened to popular startup advice he probably would have quit.

You tend to hear about startups when they are successful but not when they are struggling. This creates a systematically distorted perception that companies succeed overnight. Almost always, when you learn the backstory, you find that behind every “overnight success” is a story of entrepreneurs toiling away for years, with very few people except themselves and perhaps a few friends, users, and investors supporting them.

Startups are hard, but they can also go from difficult to great incredibly quickly.

SME Funding Options Scotland

FutureSME. Project Management.