Services of Small and Medium Enterprises Development Agency of Nigeria ( Smedan ) and Small Business Survival In Ogun State , Nigeria

2013 ◽  
Vol 1 (11) ◽  
pp. 31-43 ◽  
Author(s):  
Oluseyi O. Oduyoye ◽  
Solomon A. Adebola ◽  
Adekunle O. Binuyo
Keyword(s):  
Small Business ◽  
Small And Medium Enterprises ◽  
Business Survival ◽  
Development Agency ◽  
Ogun State ◽  
Medium Enterprises

scholarly journals Small business and its place in promoting sustainable development

2021 ◽  
Vol 250 ◽  
pp. 06007
Author(s):  
Elena Korneeva ◽  
Natalia Skornichenko ◽  
Tatiana Oruch
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Small Business ◽  
Social Life ◽  
Small And Medium Enterprises ◽  
Global Climate ◽  
Global Changes ◽  
The Sustainable Development ◽  
Development Goals ◽  
Medium Enterprises

Sustainable development is becoming a very important issue in the 21st century. Facing global changes such as the global warming, global climate change, as well as other pressing issue, all spheres of economy and social life need to take part in mitigating them and preventing disasters from happening. Our article studies the role of the small business in the above processes and the place of the small business in promoting sustainable development through its actions, public and social awareness and responsibility. We show how even small and medium enterprises can become a decisive power in tackling the climate change and promoting green thinking and sustainable awareness. This can be achieved through enhancing social responsibility of business companies which can greatly contribute to supporting the Sustainable Development Goals (SDG) and promoting sustainable economic growth.

scholarly journals Implementation of East Ogan Komering Ulu Regent Regulation Number 17 of 2015 Regarding Technical Guidelines for Implementing Micro and Small Business Permits

2018 ◽  
Vol 1 (2) ◽  
pp. 13-24
Author(s):  
Nety Andriani ◽  
Slamet Widodo ◽  
Andy Alfatih
Keyword(s):  
Small Business ◽  
Policy Implementation ◽  
Real Time ◽  
Small And Medium Enterprises ◽  
Successful Implementation ◽  
Delivery Time ◽  
Training And Supervision ◽  
License Application ◽  
Internet Connections ◽  
Medium Enterprises

ABSTRACT The purpose of this research is to find out how the implementation of East Ogan Komering Ulu  (OKU) Regency Regulation Number 17 of 2015 regarding Technical Guidelines for Micro and Small Business Permits in three sub-districts in East OKU Regency and also to find out the factors that support and hinder the implementation of policies. The policy implementation is analyzed using three variables; the level of compliance, well-functioning routines, and the absence of problems, and the desired performance and impact of the policies implemented. The results showed that East OKU Regency Regulation No. 17 of 2015 concerning Technical Guidelines for Micro and Small Business Permits in three districts in East OKU Regency has not been implemented optimally. This is indicated by some costs that entrepreneurs must pay when they want to get a license, micro and small licensing processes that have been done in real time, reports on the implementation of micro and small licenses that have not been done by the district, and supervision from the Office of Cooperatives and Small and Medium Enterprises is not fully done. In line with that, the researchers found the factors that supported the successful implementation of the policy were efforts to take a license application from employers and the achievement of delivery time. While the factors that hinder the successful implementation of this policy are the unavailability of the budget, lack of infrastructure and working equipment, uneven network and internet connections, and lack of coordination. Therefore, improvements need to be made by meeting the resources needed, and also to maximize training and supervision of the implementation of micro and small licenses by the Office of Cooperatives and Small and Medium Enterprises.

scholarly journals Micro, Small, and Medium Enterprises (MSME’s) IN THE MIDDLE OF THE COVID-19 PANDEMIC

2021 ◽  
Author(s):  
lady
Keyword(s):  
Small Business ◽  
Economic Activity ◽  
Small And Medium Enterprises ◽  
The Law ◽  
Business Entities ◽  
Medium Enterprises ◽  
Micro Enterprises

MSMEs (Micro, Small, and Medium Enterprises) according to Law No. 20 of 2008 is a stand-alone productive economic activity. This business is usually carried out by individuals and not business entities that have subsidiaries or branch companies. It is further explained in the Law regarding the criteria for MSMEs, which are as follows:• Micro Enterprises: maximum assets of IDR 50 million• Small Business: assets of more than IDR 50 million – IDR 500 million.• Medium Enterprises: assets of more than IDR 500 million – IDR 10 billion.

scholarly journals ANALYTICAL ASSESSMENT OF THE STATE AND DEVELOPMENT TRENDS OF SMALL AND MEDIUM ENTERPRISES IN UKRAINE

2020 ◽  
pp. 31-41
Author(s):  
Anastasia Balatska
Keyword(s):  
Small Business ◽  
Small And Medium Enterprises ◽  
The State ◽  
Development Trends ◽  
Economic Problems ◽  
Macroeconomic Indicators ◽  
Analytical Assessment ◽  
Medium Enterprises ◽  
Rates Of Growth ◽  
Further Development

The article defines the essence, goals and features of development of small and medium-sized enterprises in Ukraine. Investigated the influence of macroeconomic indicators on the activity of small business is. Analyzed the correlation of the rates of growth (decrease) of the advanced capital, the volume of sales and the income before taxation for the analysis of the tendencies of the businesses’ development. Was carried out the analysis of quantitative and qualitative indicators characterizing the state and tendencies of development of small and medium-sized enterprises. Revealed the influence of small business on innovative tendencies in the economy of the country. Outlined the ways of further development of small business and its role in solving the socio-economic problems in society.

scholarly journals SOME ASPECTS OF COMPARATIVE ANALYSIS OF SME STANDARDS IN THE EU AND GEORGIA

2020 ◽  
Vol 15 (20) ◽  
pp. 113-118
Author(s):  
Natia Kurdgelia
Keyword(s):  
Comparative Analysis ◽  
Small Business ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Business Sector ◽  
Definition Of ◽  
Medium Enterprises ◽  
Annual Balance ◽  
Annual Turnover ◽  
The Eu

There are different attitudes towards small business definition. Basically, the laws of the countries are based on the criteria on the basis of which this or that enterprise belongs to the small business sector. However, in EU countries, small and medium enterprises are considered as small businesses and they are considered in one context. The concept of small and medium business combines number of employees, annual turnover and annual balance. The official definition of small and medium enterprises in Georgia is partially in line with EU standards. The concepts of small business and micro business are established only in terms of tax policy, while in institutional and quantitative or qualitative terms its definition is not officially definite.

scholarly journals Social Media Marketing: Gateway to Success for Homepreneurs

2020 ◽  
Vol 9 (4S) ◽  
pp. 66-70
Keyword(s):  
Economic Growth ◽  
Social Media ◽  
Small Business ◽  
Small And Medium Enterprises ◽  
Online Marketing ◽  
Indian Government ◽  
Government Data ◽  
The Government ◽  
The Individual ◽  
Medium Enterprises

As stated by the International Labour Organization (ILO), unemployment rate in India was at 3.5% in 2018 and 18.9 million people were jobless. The government of India constantly motivates its citizens to become entrepreneurs and create employment opportunities for others by launching programs like start up India, mudra bank, fund of funds and many others. As per the Indian government data, Micro, Small and Medium Enterprises (MSME) contribute nearly 8 percent of the country's GDP which reflects they play a significant role in the country's GDP. Each year, thousands of determined entrepreneurs start new businesses however only handful of them survives and plenty of small business are gone by the end of four years of their establishment. The major reason behind business failures are lack of experience, insufficient capital and poor location. Entrepreneurship is so dynamic in nature that it gives plausible solution for all potential entrepreneurs out there. One of the solutions for budding entrepreneurs is becoming a homepreneur. Homepreneurs are business entrepreneurs operating from their home. They are managing their business operations from home. It is a splendid opportunity for those who want to start something new without investing huge capital and taking bigger risks. The question arises is how do they attract their target audience without investing larger amount and time to meet them. One of the answers to this question is social media. Social media are interactive websites and applications that are designed to allow people to share content quickly, effectively and real time. Social media channels and online marketplaces have made it simple for homepreneurs to reach new audience, deliver products and receive payments. Platforms like Face book, Instagram, Watsapp, YouTube, Twitter, Google Ad, Mobikwik and various other applications are useful for marketing. Almost every individual is connected on one of above mentioned platforms. Social media has changed the face of marketing and completely taken communication, advertising and online marketing to the next level. The researcher will use phenomenology as the method of research. This research paper will explain the concept of homepreneurs; will put a light on various social media platforms for homepreneurs; will talk about their advantages and highlight its working. It will also share many examples of homepreneurs actively participating on these platforms and achieving success. This will definitely help the group who want to start a small business to understand the framework of homepreneurship and functional for those who want to expand their business operation online. As said by late prime minister Atal Bihari Vajpayee “Empowering the individual means empowering the nation. And empowerment is best served through rapid economic growth with rapid social change”. Entrepreneurship is pivotal for individual empowerment, economic growth and sustainable development.

DEVELOPMENT OF SMALL BUSINESS IN MOSCOW: THE POSSIBILITIES OF THE MOSCOW CHAMBER OF COMMERCE AND INDUSTRY

2020 ◽  
Vol 10 (5) ◽  
pp. 855-869
Author(s):  
E.V. Shubenkova ◽  
◽  
E.V. Krasavina ◽  
Keyword(s):  
Small Business ◽  
Russian Federation ◽  
Small And Medium Enterprises ◽  
Entrepreneurial Activity ◽  
Scientific Article ◽  
National Project ◽  
Chamber Of Commerce ◽  
The Russian Federation ◽  
Medium Enterprises ◽  
Practical Recommendations

Support and stimulation of the development of small business in our country today is of the most urgent importance in comparison with other periods of economic development in Russia. It is for this purpose that the Presidium of the Council under the President of the Russian Federation for Strategic Development and National Projects in 2018 approved the national project «Small and Medium Enterprises and Support for Individual Entrepreneurial Initiatives», the implementation period of which is from October 2018 to 2024 inclusive. In 2019, the national project was launched in a number of regions of our country. The main purpose of writing a scientific article was the desire of the authors to make a number of practical recommendations to the Moscow Chamber of Commerce and Industry of the Russian Federation in providing assistance and assistance to young entrepreneurs, as well as to the population showing economic initiative. In this scientific article, its authors consider the objective possibilities for the development of small business on the territory of Moscow, about the role and contribution to this process of the Chamber of Commerce and Industry of the Russian Federation and its territorial associations. In particular, having analyzed the activities of the Moscow Chamber of Commerce and Industry, as well as the Headquarters for the protection of the rights and legitimate interests of subjects of investment and entrepreneurial activity in Moscow, the authors offer their vision of the process of developing small business in the capital and give a number of practical recommendations that have already found real implementation in the work of the RF Chamber of Commerce and Industry.

EFFECT OF MICRO LENDING RATE ON SMES GROWTH IN NIGERIA

2021 ◽  
Vol 9 (1) ◽  
pp. 62-78
Author(s):  
Adegbite Adewale ◽  
◽  
Alli Ismail ◽  
Keyword(s):  
Interest Rate ◽  
Small And Medium Enterprises ◽  
Negative Relationship ◽  
Sampling Technique ◽  
Least Square ◽  
Primary Data ◽  
Ogun State ◽  
Significant Negative Relationship ◽  
Ordinary Least Square Regression ◽  
Medium Enterprises

Small and medium enterprises are acknowledged as the lubricants that wheel the socio-economic development of a nation yet their growth has been stunted by harsh fiscal and monetary policies. This study seeks to investigate the effect of micro financing interest rate on small and medium scale enterprises growth in Lagos and Ogun State, Nigeria. Primary data was employed using structured self-administered questionnaire with five-point Likert scale. The study adopted a descriptive survey research design to give an accurate description of the research variables. Yaro Yamane’s sampling technique was used to select four hundred (400) SMEs from the total population of thirteen thousand four hundred and fifty-seven (13,457) in both Lagos and Ogun States, while stratified and proportionate sampling methods are used to determine the sample size of three hundred and fourty eight (348) SMEs in Lagos state and fifty-two (52) in Ogun state. Ordinary Least Square Regression (OLS) was used to estimate the regression. In the study, one hypothesis was formulated and tested. The results from the hypothesis tested revealed that a significant negative relationship exist between micro finance interest rate and SMEs growth in Nigeria at 5 per cent level (tc= -1.570731; p= 0.0009). Based on the finding, the study concluded that significant negative relationship exist between micro finance interest rate and small & medium enterprises growth in Nigeria. The study recommends that microfinance banks should charge moderate interest rate to SMEs without stringent collateral requirements to boosts SMEs growth in Nigeria.

scholarly journals Efektifitas Digititalisasi Marketing Para Pelaku Usaha Mikro Kecil dan Menengah (UMKM) di Lombok (Analisis Media Equation Theory)

2019 ◽  
Vol 3 (1) ◽  
pp. 1
Author(s):  
Nurliya Nimatul Rohmah
Keyword(s):  
Small Business ◽  
Qualitative Method ◽  
Small And Medium Enterprises ◽  
Analysis Approach ◽  
Research Subjects ◽  
Theory Analysis ◽  
Media Equation ◽  
Research Results ◽  
The Media ◽  
Medium Enterprises

Abstrak:Ada dua permasalahan dalam penelitian ini yaitu seberapa besar interaksi para pelaku usaha kecil dan menengah (UMKM) di Lombok terhadap media pada kegiatan digitalisasi marketing menurut analisis Media Equation Theory dan seberapa efektifkah digitalisasi marketing para pelaku usaha kecil dan menengah (UMKM) di Lombok dalam pendekatan analisis Media Equation Theory. Untuk menjawab pertanyaan tersebut, peneliti menggunakan metode kualitatif dengan pendekatan analisis media equation theory untuk dapat menelaah interaksi para pelaku usaha kecil dan menengah (UMKM) di Lombok terhadap media pada kegiatan digitalisasi marketing menurut analisis Media Equation Theory dan mengetahui prosentase keefektifan digitalisasi marketing para pelaku usaha kecil dan menengah (UMKM) di Lombok dalam pendekatan analisis Media Equation Theory, peneliti menggunakan subjek penelitian para UMKM Lombok yang mengikuti kelas Gapura Digital dan Womenwill di Lombok pada tanggal 24 Agustus 2019 untuk didapatkan hasil prosentase pada indikator yang telah ditentukan dengan memberikan link questioner yang dijawab secara online, sehingga hasil penelitian dapat langsung diketahui secara akurat.                                    Abstract:There are two problems in this research, Which are how big is the interaction of small and medium enterprises (UMKM) in Lombok using the media in marketing digitalization activities according to the Media Equation Theory analysis and how effective is the marketing digitalization of small and medium entrepreneurs (UMKM) in Lombok in the approach Media Equation Theory analysis. To answer this question, researcher used a qualitative method with a media equation theory analysis approach to be able to examine the interaction of small and medium-sized businesses (UMKM) in Lombok to the media on marketing digitalization activities according to the Media Equation Theory analysis and find out the percentage of the effectiveness of marketing digitalization of small business and medium enterprises (UMKM) in Lombok in the Media approach Equation Theory analysis, researcher used research subjects of the UMKM of Lombok whose took the Gapura Digital and Womenwill classes in Lombok on August 24, 2019 to obtain the percentage results on the indicators that have been determined by providing a questioner link answered online, so that research results can be immediately known accurately

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