Managing SMEs: Challenges and Growth Strategies

This report explores the challenges faced by SMEs in managing and running their businesses. It discusses the nature of entrepreneurship, the start-up processes, sources of competitive advantage, and the current level of demand and competitive environment. It also examines the growth and development of the business, the challenges of managing an SME, and the assessment of the current growth and development strategy. Additionally, it highlights appropriate government support schemes that may be available to SMEs.