Benefits offered by smes to the country’s economy

Benefits offered by SMEs to the country’s economy Small Medium Enterprises (SMEs) have to play a big role in the stability of any economy. Their roles assumes much higher importance if the economy is in a phase of transition or that which belongs to an emerging country.

There are several benefits which a SME can offer to the country’s economy.

SMEs benefits to the economy One of the most important benefits offered by any SME to the country’s economy is the freedom which the SME owner gets for experimenting and devising new strategies for their business and also taking new risks. It thus helps in building entrepreneurial zeal and an eagerness to strive for personal achievement which helps in motivating small and growing investors as well as professionals.

The benefits offered by SMEs are not just restricted to the emerging countries but are also much visible in western, developed countries. Small as well as medium sized businesses form the backbone of several economies. In the European Union itself, there are over 23 million small and medium sized businesses and these represent 99 percent of the undertakings in Europe and are also responsible for a staggering 60 percent of the GDP of Europe. These SMEs are also primary job creators in Europe as they provide employment to more than 100 million people.

QuickFund is a leading provider of flexible funding solutions to several SMEs in the UK. With Quikfund, many SMEs have been able to achieve robust growth and develop in various competitive industries. SMEs have effortless access to working capital through Quick Fund and this makes the economy grow and flourish even in hard times.

Original Article Source:http://quikfundaustralia.blogspot.in/2014/03/benefits-offered-bysmes-to-countrys.html