The Ministry of Micro, Small and Medium Enterprises (MSME) started several schemes for the development of micro, small and medium enterprises in India. These schemes offered a great success for the MSMEs in 2009 even after the impact of economic recession. Priority of Skill Development Many measures had been taken to enhance the training capabilities [...]
Archive for the ‘Small Business’ Category
Reasons for No Hiring in Small Businesses in USA after Recession
It was really difficult for the small businesses in USA to recover after the economic downturn. However, hiring process was not performed. Some of the reasons for not hiring are given by the Journal of American Enterprise Institute. There was a decline in house prices which decreased demand for products and services of small businesses. [...]
Report of the MSME Ministry about the Efficiency of Indian MSMEs
According to the annual report by MSME Ministry, it was found that there had been improvement in efficiency of the MSMEs in India in terms of production versus employment. The report revealed that there was a double percentage increase in production when compared with the percentage rise in the number of persons employed in 2008-09. [...]
Indian SMEs Involving in Cyberspace
Cyberspace is being used by many small businesses for marketing their products and services. The advantage of cyberspace marketing is that it is cost-effective. Large amount of capital is not required for starting up the process of cyberspace marketing. Much potential can be reached to the customers. When compared to other modes of marketing, cyberspace [...]
Irish SMEs Confidence On High: ISME
According to a quarterly survey by Irish Small & Medium Enterprises Association (ISME), SMEs confidence is business is on all-time high. The survey took opinions from 600 firms in Ireland. When compared to the previous quarter’s net figure of -11%, this year it is a positive net figure of 2%, with 28% of companies more [...]
Decrease in Unemployment Rate as Small Business Hiring Goes Up: Survey Reports
According to a survey conducted by the Payroll firm, SurePayroll’s monthly Business Scorecard, small businesses showed moderate hiring gains, but with pay little changed. These findings were based on payroll data collected from same companies all across the country. Continuing the same pace, July too showed the same 0.2% hiring growth in U.S small business. [...]
EU Small and Medium Size Enterprises – Fact Sheet
In the non-financial business economy in 2006, of all EU-27 enterprises, 99.8% was represented by SMEs, employing two thirds of the workforce (67.4 %) and generating 57.7% of total value added. Of all the total sectoral value added in the EU-27′s real estate, recycling and construction activities, SMEs generated 80%, while large enterprises accounted for [...]
The Impact of International Competition On Small Businesses: SBA
A study was conducted by Impact of International Competition on Small-Firm Exit in U.S. Manufacturing in American University for SBA. The econometric study used the Statistics of US Businesses (SUSB) data to know the impact of the trade on small manufacturers. There will be an increase over the concern of impact on small US manufacturers [...]
International Comparison of Small Business Employment: CEPR
A recent report was released by the Center for Economic and Policy Research “An International Comparison of Small Business Employment” in 2009 -08. Key Findings When compared with United States, Luxembourg has a lower share of 6.1 percent whereas US has 7.2 percent. Other than mentioned below, 14 other rich countries are having higher proportions [...]
The FSB-ICM :‘Voice of Small Business’ Annual Survey
As per the FSB-ICM ‘Voice of Small Business’ Annual Survey which is the most extensive research of the small business sector during recession: About 48 percent of businesses are expecting to expand their client base in the up coming year. About 53 percent of small business firms have introduced new or improved products and services [...]