Small and Medium Businesses Now

Information, Trends, News and Events on SMBs

Poor Planning Hits SMBs Very Hard During Recession

According to U.S Small Business Administration, half the total number of SMBs are closing down their businesses due to recession. It is a well known fact that, 99.9% of total 30 million companies present in U.S are SMBs. These constitute about 40% of employment and 44% of all private payrolls. As per the recent reports, […]

Patent Activity More in Small Businesses:

The study, “An Analysis of Small Business Patents by Industry and Firm Size” examines small business patent activity. It found that small firms showed significant innovation and patent activity. Patents per employee is higher in small businesses than in larger businesses, with the smallest firms, fewer than 25 employees, having the highest number. The patents […]

Micro Firms Contribute to about Majority of SMEs in U.K

U non-financial business economy, consists of 20 million enterprises, of which about 99.8 % are SMEs (firms having less than 250 employed persons), of these SMEs, 92% are micro enterprises (having less than 10 employees). The European Association had released statistics regarding the growth of business firms in the year 2002 to 2008. for that […]

EFG Scheme by UK Government Fails to Provide Credit to SMBs

The EFG scheme was iintroduced by UK government to provide backing of bank loans for small businesses. It was introduced in January 2009, in wake of banking crisis, so as to stimulate lending to small businesses by banks with a turn over up to £25m, by providing government guarantees. The banks with listed turnover can […]

BBA Plans a Task Force to Improve Lending practices to Businesses in UK

The BBA is planning to create a new task force which will examine the lack of lending to small businesses by banks in UK. This task force will include industry experts from six largest banks in UK. They are Barclays BARC, Lloyds LLOY, HSBC, Santander BNC, Royal Bank of Scotland RBS and Standard Chartered STAN. […]

Small Businesses More Likely to Hire Part Timers

In the present situation where the economic outlook is uncertain, small business are in dilemma whether to hire employees or not. And that too, the holiday season is approaching it would be a loss to the companies, if they increase the staff at this point of time. But according to a report by Manpower, small […]

Generating Traffic for Websites – A major Challenge foror SMEs:

As per the Powering Small Business Britain report from PayPoint.net, views of small businesses on online trading are as follows: Majority of the SMEs, around 57% of them feel that getting the customers to see their site is a major challenge faced in online business. Lack of interaction with the customers is considered as a […]

SMEs in U.K Find Difficulty in Getting Access to Finance

Profitability of an enterprise was seen to be affected positively by labor productivity and negatively by labor costs per employee. The profitability of the total EU non finacial business economy is 30% of value added. It was found that, the smaller the size of the enterprise, the lower is the profitability. Hence, the micro enterprises […]

Italian SMEs Fail in Efficient Risk Management

According to a finding by Allianz Italy, Confindustria and Italian Association of Entrepreneurs, the major risks which owners of (SMEs) in Europe face in today’s business world are credit crunches, delay in payments and the effect of financial crisis on global demand. Among the major European countries, Italian SMEs are suffering the most as they […]

Lack of Adequate Broadband Infrastructure Leading to Reduction in Online sales: ISME Survey

ISME conducted a survey on 800 plus companies, regarding Information and Communication Technology (ICT) usage in SMEs. As per the survey, 100% of the SMEs have set up their own websites to perform all the business functions and used e-mail and social networking sites as a means of communication. About 98% of the companies use […]