An Archive of News and Developments
SME Banking Knowledge Guide by IFC provided certain guidelines for helping banking industry in developing countries. It helps in designing successful strategies and products for small and medium enterprises. There had been many transitions in SME banking. There are more emerging market banks which helped in developing and creating SME units. There was a rise [...]
Recovery of small businesses in the U. S. from the recession was very slow. Most of the job losses during the end of 2009 were seen in small businesses. According to the statistics of labor department, 61.8% of job losses were seen in the fourth quarter of 2009 in the private sector. About 54.1% of [...]
According to the Indian Franchise Association, about 95% of the industrial units in India are Micro, Small and Medium Enterprises (MSME). A growth of 4.1 per cent was observed annually producing thousands of products. It was found that in 2006-07, there were about 128.44 units of MSMEs. The contribution of the MSME sector to the [...]
The advanced wave of retailing called ‘e-tailing’ was one of the solutions started by retailers. E-tailing is nothing but selling of goods on internet. It can be synonymous with business-to-consumer transaction. E-tailware includes software tools for creating online catalogs and managing the business connected with doing e-tailing. Many big retailers set up stores across the [...]
According to the data released by Continental Research Business Omnibus, small companies in UK are regaining confidence in their own trading prospects. However, that is not the case with overall economy; the companies still feel that the recession is not yet over. Net trading prospects remain unchanged gaining just two points between the third and [...]
According to the latest survey reports released by Thomson Reuters/PayNet Small Business Lending Index, there is an increase of 2% in the borrowings by small businesses in U.S, in July. As per the data released, in August, there is an increase in U.S consumer confidence and hence home prices gained more than expected. The above [...]
According to the statistics released by EU, the total share of Irish SMEs in all businesses is same as the EU average. It consists of very few micro enterprises. But the percentage of small enterprises present are twice as high as EU average and the share of medium-sized being significantly much higher. Irish SMEs statistics: [...]
Many of the nation wide new jobs are created by small businesses. They almost provide employment for about half of the nation’s private sector work force. They also provide half of the nations private real gross domestic product (GDP), nonfarm and also a significant share in innovations. There was 1.1 percent increase in Real Gross [...]
Small businesses in United States suffered a lot during 2007-2009 recession. As per a recent Deutsche Bank research survey, small businesses are showing an improvement in employment. The key strengthening for the nascent US small business recovery is by improved sales outlook and access to financing. Small businesses have been slow in recovering because of [...]
The unemployment in UK as increased to 2.5 million. As per FSB Voice of Small Business Index, small firms are recovering but are not in a position to increase the staff. According to a survey of 1,400 members of the Federation of Small Businesses, about 63 percent of small businesses expressed that they will keep [...]
In May 13 of 2010, the SBA released small business performance of First Quarter statistics. The small business trends are: In the first quarter of 2010, real gross domestic product was 3.2 percent. There was an increase of 14.8 percent on an annual basis in real gross private fixed investment. There was an increase 3.6 [...]
As per a report published by Analysys Manson which examines the ways in which the small or medium sized enterprises can cut technology costs quickly, small enterprises employees should use mobile broadband USB sticks and data cards when traveling in order to save their businesses GBP2145 each year rather than relying on Wi-Fi hotspots. The [...]
As per a report commissioned by printer manufacturer Brother, small businesses are spending more than required on IT because of short-term thinking and also due to lack of computing knowledge. As per the survey by Brother, small businesses are investing on cheap hardware for making short-term savings, but they had to pay higher costs in [...]
According to a survey of businesses in UK, the biggest problem faced by small businesses is less customer spending. About 20 percent of the business owners who were polled by the Business Link for its Business Confidence Index mentioned that there was a fall in consumer spending and it is the major concern for the [...]
According to Discover Small Business Watch, there is again a drop in the confidence levels on economy by small business owners. The small business owners have rated the current economic condition as poor and are expecting that it would get worse. There was also drop in index to 83 in July from 86.1 in June. [...]