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Taking the UK as an example, critically evaluate the issues that entrepreneurs/SMEs face in raising finance. To what extent has
Finance & Accounting
Pages 10 (2510 words)
Finance and Accounting Executive Summary Entrepreneurs are those who are business leaders and start their business at their own risk implementing new ideas and innovations. These businesses employ huge number of people that upgrades the economic and social condition of the society…
On this regards recommendation are made on how the initiatives taken by the national, regional and local entities can be made better. 1. Introduction Small and Medium sized enterprises (SME) are considered to be potentially most dynamic in an emerging economy. SMEs are regarded to play an important role in the development process of not only developing but also developed countries. Various advantages can be generated from the rise in SME (Parker, 2004). They are assumed to use more labour intensive technology that may give rise to the employment opportunity. They are established quickly and rapidly that leads to immediate initiation of operation, which in turn generates quick returns. The development of SME may promote the process of intra and inter-regional decentralization that may act as a force in equilibrating the economic power of bigger enterprises. In simple terms the growth of SMEs are regarded to do major contribution towards the accomplishment of socio-economic and wider economic objectives such as poverty alleviation (Cook and Nixson, 2000). Most likely they have chances to move into the region of high value addition and comparative advantage though they face lots of obstacle in legal, financial, economic and institutional terms. ...
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