Creative Small amd medium businesses!

Business makes man independent. We can use our knowledge creatively considering the future consequences.

Exact term of Small and medium enterprises differ from country to country. However, business enterprise which is not huge in its turnover And is not employees with huge number of people is called as small or medium business enterprise.

These enterprises are the backbone of many developing countries as they boost the capital and use human resources. It helps people to get engaged and conquer with unemployment to some extent. Generally these enterprises operate in small scale, using their full potential.

Globalisation has all over impact on these enterprises. Many of SMEs are now knocking the doors of stock exchanges to grab more opportunities.

Well, let's note that expanding SMEs is not very easy. Entrepreneurs have to face some hurdle in taking loans, advertising and completing formalities.
Nowadays tgey are using social media as a platform to advertise their businesses as it has reached to huge number of people and always in limelight.

It is easy to create pages on Facebook or advertising on website than using newspapers or magazines. Many newspaper started to pay attention to SMEs and their entrepreneurs as they are the fate of developing countries.

The more industrialisation, more employment for people. It leads to increase in per capita income in society which creates overall development of economy.

SMEs are summarized in following image.

Thank you!😊