Small and medium size businesses generally comprise about 65% of the world’s business organizations generating approximately 60% of the total revenue collected by economies in this world. This gives me the notion to hold a postulate that small businesses run about 60% of the world economy (Birch, 2007).
Looking at this general term (small businesses) I would define it as a type of business enterprise which has a capital base which is contributed by only one person or a few individuals. This type of business does not have any legal recognition. As a result, these business units are faced by a great deal of ...
