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Sunday 11 April 2021
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What are the main characteristics of SMEs?

What are the main characteristics of SMEs?

The term SME is generally used to designate small to medium-sized enterprises- firms that have a specified and limited number of employees, by European Union as well as other international organizations. The classification of SMEs is mostly based upon the strength of employees, which is generally 10 to 250 or 500; it all depends on a particular country’s set up.

For financial needs, many SMEs depend on personal assets of management and owners. But nowadays, there are hundred ways in which government funding for SME is easily available-saving you capital, helping grow your business and start-up costs.