SME (Small & Medium Enterprises):
SME means Small and Medium Enterprises. This is a part of Government to drive and encourage small manufacturers to enjoy facilities from Banks at a concession rates, Also in some countries there are Tax reliefs and Special allocation of Infrastructural benefits. Some countries have employees and Investment limitations to enjoy and fall into this category. This sector has increased the manufacturing sector in many countries. SME - Small and Medium enterprises. Which are important for developing economy.
WHAT IS AN SME? The definition of an SME (small and medium enterprise) used by the South West Ventures Fund is a business or company that: has fewer than 250 employees; has either (a) an annual turnover not exceeding €50 million (approximately £24 million) or (b) an annual balance sheet total not exceeding €27 million (approximately £16 million); and 25% or more of the capital or the voting rights are not owned by one enterprise, or jointly by several enterprises falling outside this definition of an SME. SME or Small to Medium Enterprises marketing simply means marketing strategies that benefit small businesses. In this time of global recession, small companies are exceptionally proactive in keeping sales up.
Definition: SME stands for Small to Medium Enterprise. However, what exactly an SME or Small to Medium Enterprise is depends on who’s doing the defining. Industry Canada uses the term SME to refer to businesses with fewer than 500 employees, while classifying firms with 500 or more employees as "large" businesses. Breaking down the SME definition, Industry Canada defines a small business as one that has fewer than 100 employees (if the business is a goods-producing business) or fewer than 50 employees (if the business is a service-based business). A firm that has more employees than these cut-offs but fewer than 500 employees is classified as a medium-sized business. A microbusiness is defined as a business with fewer than five employees. In its ongoing research program that collects data on SMEs in Canada, Statistics Canada defines an SME as any business establishment with 0 to 499 employees and less than $50 million in gross revenues.
Different countries define SMEs differently. In the EU, a similar system is used to define Small to Medium Enterprises. A business with a headcount of fewer than 250 is classified as medium-sized; a business with a headcount of fewer than 50 is classified as small, and a business with a headcount of fewer than 10 is considered a microbusiness. The European system also takes into account a business’s turnover rate and its balance sheet. There does not seem to be any standard definition of SME in the U.S. Also Known As: Small to Medium Enterprise. Common Misspellings: Small to Medium Entreprise. Examples: Having a standard SME definition makes gathering and analyzing statistical information about businesses easier.
SME marketing investment The online marketing arena has experienced significant growth over the past few years, while traditional marketing has deteriorated mainly due to its higher costs. With this kind of marketing, entrepreneurs are able to control and discover key revenue streams and make the right decisions with advanced reporting technology. It has been noted that advertisers are more aggressive now in terms of performance marketing with more than half of them planning to maintain or even increase investments in email and search engine marketing channels. This is aimed towards creating repeat customers and generating greater ROI.
SME Banking BRAC Bank
BRAC Bank, being the youngest bank, took a step to break away from usual tradition and tapped into the true suburb entrepreneurial initiatives. Today, with over 10,000 crores of loans disbursed till date, BRAC Bank is country’s largest SME financier that has made more than 265,000 dreams come true
The most valuable natural resource of Bangladesh is its people. As a nation we struggled for our independence and now the attainment of economic uplift is the main goal. Micro lenders are working here in the financial field, providing very small amount and on the other hand regular commercial banks have been providing bigger amount of loans to larger industries and trading organizations. But the small and medium entrepreneurs were overlooked. This missing middle group is the small but striving entrepreneurs, who because of lack of fund cannot pursue
their financial uplift, as they have no property to provide as equity to the commercial banks. With this end in viewBRAC Bank was opened to serve these small but hard working entrepreneurs with double bottom line vision. As a socially responsible bank, BRAC Bank wants to see the emancipation of grass-roots level to their economic height and also to make profit by serving the interest of missing middle groups. 50% of our total portfolio usually collected from urban areas, are channeled to support these entrepreneurs who in future will become the potential strength of our economy. We are the market leaders in giving loans to Small and Medium Entrepreneurs. We have been doing it for the last five years.