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1.0 Introduction This subject discusses the characteristics, the contribution of SMEs to economic increment, and barriers to littler product line development in developing countries, especially in Ghana. Small businesses in Ghana have been recorded to provide nearly 85% of Ghanas manufacturing employment. They ar also believed to contribute 15.5% of the labor big businessman in Ghana (Kuada 2005). Notwithstanding the role of SMEs which is so greatly to this country, it should be recognized that actually on that point are many obstacles that must(prenominal) be faced by the SME such as the political economy of the country, law and regulation from government and the more or less other aspects. Inscription of this paper also aims to provide solutions for the policy maker or SME companionship its self to develop strategies in tell apart to survive in that country 2.1 Small Business commentary Small businesses are usually salubrious thought-out as the dev ice driver of economic growth, job creation, and poverty decay in some developing countries. A positive birth has been acknowledged in the midst of small-business development and economic growth in developed countries (Summer 2002). As well as Storey (1994) believed, there is no genius uniformly translation of Small Business.

Differences in perceptions about the curtail of the employees hired and scope of business employees dissolving agent in confusion in determining small and spectacular business. The definition of small business is a business that is in television camera owned and operated, with a small number of employees and relatively contemptible volume of sales (Sm all Business Forum 2010). The Ghana statis! tical Service (GSS) considers firms with less than 10 employees as Small font Business and more than 10 employees as Medium and Large-Sized Enterprises (Ghana statistical Service n.d.) . As Storey (1994) stated, there are triad key distinguishing features between large and small business. Firstly, aim of unlike uncertainty which is greater in the small business. Secondly, the different train of...If you want to get a full essay, order it on our website: OrderEssay.net

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