Impact of Small and Micro Business on the Economy of UK

Enterprise and Small
Business Management

TABLE OF CONTENT
Introduction
Impact of small and micro business on economy of UK
Evaluation of contribution of SME in growth and financial
contribution to UK economy
 Factors that influence growth of SME enterprise in UK
Role of SME and their contribution in nation economy
Importance of small and start up business in growth of
social economy
Conclusion
 References

INTRODUCTION
Entrepreneurship included various activities and steps that are
taken by individual to start business in order to earn specific
amount of profit by taking specific amount of financial risk.
Management plays important role in both small and large
enterprise by effectively organising, making arrangement of
sufficient resources that are required for achievement of
company objectives.

Impact of small and micro business on economy of UK
Small enterprises are business that hires individual or employees less that large organisation and have
limited number of resource, capital run independently by sole proprietors or partners. It employees
people between 10-50 while micro business have employees ranging between 0-10 working together for
meeting requirements of few individual in the society. On the other hand medium enterprise have
employees 50-250 and operates with one of the main objectives to grow and expand its business
operation by fulfilling needs of various customers.