Whether developing countries or developed countries, SMEs should participate in economic growth through assistance from the service sector and the industrial sector. The importance of SMEs or enterprises lies in that they are the economic pillar of any country, whether developed or developing.
• The outstanding ability to provide jobs is its characteristic.
• Start up activities require relatively low funding.
• Characterized by the ability to employ semi skilled and unskilled labour.
• Improve ability and skills through job training.
• The risk is lower than that of major enterprises.
• Helps to improve productivity, generate revenue and increase profits.
Many actions of some countries, governments and investors are designed to invest in enterprises, reduce unemployment, provide assistance to modern sectors such as renewable energy and technology, revitalize the economy and increase domestic employment. On the other hand, most projects that attract investors’ attention, whether in the public sector or the private sector, are often managed by an integrated management team or require substantial investment. The difference is also the high cost of starting projects, such as large machines and expensive research. This doesn’t mean that you can’t build a project of this scale, but it requires you to work hard from preparation to detailed work, based on accurate and accurate information; let them know all aspects of the topic, so as to tell the contributors that you have done all your duties in learning. You also need to convince investors to develop strategies that will allow you to build projects.
Small projects reflect the performance of comprehensive development elements, so researchers pointed out the necessity of determining the required role of small projects based on his findings. 260000 people are engaged in various economic activities, of which 97% of companies/institutions are classified as SMEs, no matter how large the standard is, no matter how legal, or the scale standard related to capital and the number of workers. Finally, 97% of the projects or companies operated in the country are SMEs.
This study involves:
• Family members have successfully implemented the idea of individual career at home. Through women’s projects, family licensing or natural projects, it can lead to the integration of all people and restore family cohesion in many families.
• Many young people believe that creating small projects is actually an alternative to finding jobs in government departments. Because the research here shows that unemployment is a social problem caused by economic conditions, not an economic problem.
Small projects set up by women have changed the perspective of society and the interaction between society and family or national level aspirations and adoption. For example, women entrepreneurs’ boards of directors and joint-stock companies for the advancement and development of women, as well as their participation in the boards of directors of large enterprises and institutions.
The positive results of self use are reflected in promoting and encouraging children to invest in talents, and transforming them into female voices engaged in economic activities, especially clothing or decoration project design.
The innovation of small projects promotes the development of human capabilities.
Small projects play an important role in investing in the educational and psychological skills of college graduates by transforming these knowledge into projects related to these practices and academic knowledge.
In the face of local difficulties, especially when large enterprises reduce business, these projects can offset these effects by providing alternative services or products to compensate the activities of national SMEs. Because national small and medium-sized enterprises can continue. Because their choice is not limited to moving to other markets or returning to their hometown like foreign companies, but staying in their own markets.
These projects are the main factors for achieving economic stability, providing imported products to replace foreign imports, and producing products exported to foreign markets. The government does not need much effort and expenditure to provide infrastructure and make good use of and manage available resources in the local environment. As with all projects, small organizations are a unique way to redistribute benefits among community members.
