Growth and economic development is always a set of people with the idea of obtaining better conditions both in their daily life and working life, through economic resources it is more easy to achieve certain goals; so in the search for ways of developing various figures have creed and entities that provide a possibility of entering the world of economic expansion to begin to participate in the advancement of a particular activity to small or medium-scale, a clear example of this are SMEs, i.e. small and medium-sized enterprises, which perform an activity that does not exceed an average level for their willingness and the various components that are part of these in size. SMEs despite their activities in small to medium-sized way, in today’s world mean some major components that foster economic development and expansion into new fields of action, which in many countries of the world the figure stands and the role played by SMEs within the society. By way of example of the importance that SMEs in the countries, in Mexico nearly 98% of the companies are SMEs. The development of SMEs to meaning for many sectors of America one of major impulses for the obtaining of financial resources, the absence of labour supply of the large economic groups, since SMEs to be an autonomous labor conformation at a starting point accommodates provide employment to many people who for one reason or another do not have employment, so within SMEs is very common the presence of an entire family group that develops own activity, is tell a creation of self-employment through entrepreneurship and in many cases the union of a family group. Visit Abby Black Elbaum for more clarity on the issue.
To determine if it fits within the classification of SMEs, a company must have in mind where SMEs, are since the meaning varies from America to Europe, also within the territory of America there a total consensus in relation to what SMEs must meet. So in America, what predominates in SMEs are revenues that fall and the amount of money obtained from sales, where in both cases is handled a relatively low amount that rarely comes close to 5 million US $; some parties take into account the number of workers, however it is not something of great value. In the European union, if you have a better definition of the concept and the requirements which must be fulfilled, so SMEs are companies as: employ fewer than 250 workers. The turnover is less than 50 million euros or a balance less than 43 million euros within SMEs there a higher participation of 25% by a company that does not meet the above requirements, although there are some exceptions, which greatly complicate investigations and analysis to discuss the issue..