Small-Medium Enterprises and Their Impact on the UK Economy

Unit 9 Entrepreneurial Ventures
PART 2

Introduction
 Entrepreneurship ventures means a company that places innovation and great opportunism
so that it can help produce social value or economic benefits.
 As we all know that in today's business world, small business deal with established goods
or services, while on the other side entrepreneurship ventures just concentrate on using
new and advanced innovative offerings which can benefit economic situation.
 Due to this small business owners needs to keep them updated and may deal with known
risks and entrepreneurs have to face risks which is unknown to them.
 The presentation will be based on small-medium enterprises and its impact on the
economy of the UK.

Small medium enterprises (SMEs)
 An independent firms which is non subsidiary can employ fewer than a given numbers of
staff members in the organizations. There are 5.6 million SMEs in the UK provides major
opportunities for the betterment of people.
 As we all know that business environment is different across countries and everyone must
know that before learning about SMEs.
 SMEs are those organizations where designating 250 employees can work
effectively for achieving business goals such as grocery stores, small shops of food items,
garages and local restaurants.
 This type of organization generate less revenue in the market and can easily operate
business with less than a certain level of workforce with having fewer assets.