Volume 30, Issue 1, 2021
DOI: 10.24205/03276716.2020.2051
Factors Causing Failure in SMEs and Prevention Methods
Abstract
These days, small and medium-sized enterprises defined as SMEs, are due to their support to innovation and entrepreneurship, employment, and gross national product; both in Turkey it is considered as the most important element of the socio-economic growth in all countries of the world. In this research, the structures, advantages-disadvantages and problems of SMEs, which are classified as micro, small and medium-sized economic businesses, employing less than 250 workers per year and whose annual financial balance does not exceed 40 million TL, have been analyzed.
Keywords
SME, problems of SMEs, cost, business types