This article introduces the concept of small business and the approach to small business development. It answers the questions: Why are small businesses important? How to support small business development? This topic includes micro, small and medium-sized enterprises. The article introduces important nuances in our understanding of the role small businesses play in the economy and…
SME Development Agencies
Over the last few months, I’ve provided advice to a number of government funded national SME (small and medium-sized enterprise) development agencies. Such agencies are very popular among governments, but less so among enterprise development specialist. While they can focus government efforts on supporting the small business sector, they can easily become expensive bureaucracies that…