Thereby SMEs are gradually creating important

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In addition, SME enterprises often specialize in the production of a few parts used to assemble a complete product. supporting industries and services. Contribute to national GDP Every small and medium enterprise contributes to the country's GDP. SME businesses contribute 30-53 % of total GDP income and produce 19% - 31% of total exports to foreign markets. Difference between SME and Startup When it comes to Startup, people often think of a small company of about 10-15 people starting operations. This is true but not enough to talk about Startup. Therefore, Startups are easily confused with SME businesses . Difference between SME and Startup Difference between SME and.


Startup Join Miko Tech to distinguish between these two terms and these two types of businesses Email Data according to the following criteria: Concept SME enterprises are medium, small and micro companies in terms of capital, personnel, employees and revenue. Startups are businesses that are in the general business start-up stage and have the ability to grow strongly in scale. Business goals SME businesses often operate according to a tested model with a medium, small or micro scale . Startup is a business that is in the start-up phase and can grow into a large-scale company with a broad vision. Compete SME businesses are not too influenced by the need to be unique or groundbreaking to compete. Startups always have fierce competition and need breakthrough and unique creative products to stand firm in the market as well as attract more investment capital. Owner SME businesses are often owned by individuals and rarely mobilize capital from outside.



Management is mainly from family members. Startups are often willing to share shares and call for investment capital to ensure the ability to grow and develop their business. Growth: SME businesses can be profitable from day one. However, revenue did not grow much. Startups often suffer losses in the early stages. However, the revenue that can be achieved can grow rapidly. Company life cycle SME businesses have a low failure rate in the first three years (about 32%). Startups have a high failure rate in the first three years (up to 92%). Frequently asked questions about SME Enterprises What are the common characteristics of SME businesses? Answer: SME businesses are often small in scale, operate flexibly and quickly adapt to the market.