Challenges of Small and Medium Enterprises
SMEs in developed countries face financial and economic obstacles to their development. Economic obstacles are weak economy, tax burden, high exchange rate and lower purchasing power of consumer and high inflation rate. Some of the factors that affect business success of SMEs are an entrepreneur characteristics, characteristic of SME, management and know-how, products and services, customers and markets , the way of doing business and cooperation, resources and finance, Strategy, external environment; and internet.
