What is Small and Medium Enterprises

Businesses whose personnel numbers and profits fall below certain limits.

The category of micro, small, and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding EUR 50 million and/or an annual balance sheet total not exceeding EUR 43 million.

Autonomous, non-subsidiary businesses with fewer workers than a specific threshold.

Enterprises whose scale of production is relatively small in the economy.

Businesses whose personnel numbers and profits fall below certain limits.

Businesses employing between 5 and 100 people with a turnover of 30-300 million Uganda shillings.

Companies that have some occupational and financial limits, which are prefixed by the state or region. They are agents with specific logics, cultures, interests and entrepreneurial spirit.

Enterprises contribute to the economic development, which have less than 250 employees and annual net sales income or financial balances under 125 million Turkish Liras.

Businesses with fewer than 250 employees and a turnover that's lower than 50 million euro.

In economic theory, but also in economic practice, the division of enterprises into small, medium and large companies is common. But different countries have their own image of enterprise size, so it is difficult to get a universal definition. Therefore, the quantitative criteria on the basis of which small, medium and large enterprises are classified are: invested capital, sum of the balance sheet after deduction of loss, annual sales revenue and annual average of employees as the most reliable criterion. In most European countries, companies are divided according to the conditions listed in the table, but in some countries it is not easy to separate small and medium-sized enterprises because they are statistically linked together. The basic characteristics of small businesses are that they are much more flexible due to their size, allowing them to adapt to changes in the environment more quickly, and they also provide greater innovation and application of new knowledge. Unlike large companies, communication is less and greater elasticity of connections. But they are also characterized by a higher level of instability compared to large enterprises. The reason for this is poor incentive measures and inadequate financing, which quickly disappear from the market.

SMEs by its acronym is the term used to refer to an enterprise having from 25 to 50 people.

Formal businesses, registered in the state administration, which employ less than 500 employees.

Companies with fewer than 250 employees and an annual turnover not exceeding 50 million euro.

According to OECD, they are non-subsidiary, independent firms that employ fewer than a given number of employees. This number varies across countries. The most common upper limit designating an SME is 250 employees, as in the European Union; however, some countries set the limit at 200 employees, while the United States considers SMEs to include firms with fewer than 500 employees. Small firms are generally those with fewer than 50 employees, while micro-enterprises have at most 10, or in some cases, five workers.

Businesses employing between 5 and 100 people with a turnover of 30-300 million Uganda shillings.

Enterprises that maintain their assets, revenue, or employee count below a predetermined level. Each nation has its own definition of what small and medium-sized businesses are.

For Manufacturing : Sales turnover not exceeding RM50 million OR full-time employees not exceeding 200 workers. For Services and Other Sectors : Sales turnover not exceeding RM20 million OR full-time employees not exceeding 75 workers.

Its definition varies from one country to another. By number of workers, in Colombia, they are enterprises that employ between 10 and 200 workers.