Managing Small and Medium Enterprises

Managing Small and
Medium Enterprises

INTRODUCTION...........................................................................................................................3
FINDINGS.......................................................................................................................................4
Nature of the business and entrepreneur................................................................................4
SME’s start up process...........................................................................................................4
Competitive advantage of the business..................................................................................4
Competitive environment and current level demand..............................................................5
Development and growth of the business to date...................................................................5
Challenges of running and managing the business.................................................................5
SME’s development and growth strategy...............................................................................6
Government support measures that are available to assist the business to overcome the
challenges...............................................................................................................................6
CONCLUSION................................................................................................................................7
RECOMMENDATIONS.................................................................................................................8
REFERENCES................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
The definition of small medium sized enterprises says that those businesses that have fewer
than 250 employees. In one of the survey, it has been identified that there were 6.0 million small
and medium enterprises in the United Kingdom in the year of 2020 that was over almost 99% of
businesses. The concept of small and medium enterprise says that it must fulfil at least 2 out of
total 3 conditions that are turnover less than £25 million, strength of employees less than 250,
possession of total assets less than £12.5 million (Turner, 2019). The current assignment has
focus on providing a clear understanding about the meaning of entrepreneurial process of SME’s.
It also describes the features, nature and different types of firms like SME’s. Rowlinson
Knitwear has the different business development and growth method. This assignment is fully
focused towards analysis of SME’s in a detailed way with the clear observation of its
management.
Aim
‘To ascertain the growth of SME’s nature, challenges, start up and governmental
support.” A study on Rowlinson Knitwear
Objectives
 To identify concept, nature and start-up process of Rowlinson Knitwear
 To determine challenges faced by SME’s to manage operations of the business
 To understand the current level of demand and competitive environment of Rowlinson
Knitwear
 To identify government support and development strategy of Rowlinson Knitwear