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Enterprise and SME's - Coggle Diagram
Enterprise and SME's
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SME
SME stands for small to medium sized enterprise. They are enterprises with fewer than 250 employees.
The government encourages SMEs to start up because they create competitions for industries with dominant firms.
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Business start ups
Start-ups can occur when an entrepreneur spots a gap in the market. An entrepreneur will spot a need or want that is currently not being satisfied in the market
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Entrepreneur
An entrepreneur will spot a need or want that is currently not being satisfied in the market and fill it
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Role of an Entrepreneur
They are responsible for creating, setting up, running and developing the business.
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