They are the one-man bands; the partnerships, and the family businesses. They’re the people in the kiosk at the station serving your coffee in the morning. They’re the people who come and fix your heating. They might be the person who keeps your books and files your tax return. They may fall far below the notice of the bigger companies who grab the headlines in the business pages – but they are utterly indispensable.
And added together, their combined activity represents a significant chunk of the economy. Small and medium-sized enterprises (SMEs) represent about 90% of businesses and more than 50% of employment worldwide.
They continue to suffer – commercially personally – amid the pandemic, rising costs and economic upheaval.
Read more at City A.M.
