A review of academic research undertaken in relation to Small and Assignment

A review of academic look for undertaken in relation to Small and Medium Sized Enterprises - Assignment Example5. The act focused on increasing the enterprisingnesss production outputs, increasing revenues and profits. 6. Small and spiritualist enterprises reduce Londons Unemployment rate. 7. Small and mean(a) enterprises are either sole proprietorships or partnerships. 8. Small and speciality enterprises have less than 250 employees. 9. Small and medium enterprises are profitable business ventures. 10. U.K.s laissez Faire (free) economy encourages entry into the lucrative down(p) and medium enterprise grocery store. 11. With lower capital investments than corporations, minuscule and medium enterprises are preferred choices. 12. The joined Kingdom government mustiness implement the provisions of the 2008 Small Business mo for Europe. 13. The United Kingdom government must divine service lessen humble and medium enterprises loan requirements. 14. The United Kingdom governme nt must ensure small and medium enterprises comply with tax, labour, and environmental protection statutes. 15. Small and medium enterprises significantly contribute to the alterment of the United Kingdom economy. Introduction Many individuals boldly join the risky small and medium enterprise market segment. The market segment is grounded on low capital investments. The market segment reduces the United Kingdom unemployment rate. ... Pederzini insists that the European Union exerted extra efforts to help the small and medium European Union member nations business money. With the small capital investments, the small and medium size business entities need additional borrowed funds (Warren, 2008). The borrowed funds bequeath help increase the companys revenues. With more(prenominal) revenues, the small and medium size companies will stimulate higher net profits. In addition, the additional loan amounts will help the companies pay for the salaries of additional employees. With more employees hired, the service and product quality and speed will consequently increase. After the successful launch of the 2000 European Charter for Small Enterprises, the European Union leaders launched the equally successful Lisbon Growth and Jobs strategy in 2005. Next, the European Union leadership focused their attention to helping the small and medium enterprises improve their European Union business prospects (Dallago, 2012). In 2008, the European Union launched the timely Small Business Act for Europe. The act contains three favorable aims. First, the government leaders set the guidelines for the improvement economic environment of the small and medium enterprise players. The improvements will trigger higher revenues. With higher revenues, the enterprises can hire more workers. With more workers, the European Unions unfavorably high unemployment rate will significantly drop to tolerable levels (Dallago, 2012). Second, the act focused on increasing competitiveness among the European Unions small and medium enterprise players. Increasing competitiveness significantly persuades the competitors to improve the quality of their products and services (Cant, 2009). Improvement of their products and