Friday, August 25, 2023

Role of Small and Micro Business Units in Various Countries



Small and micro businesses are very important for providing employment in all countries of the world.





Australia


There is estimated to be two million small and medium businesses in Australia employing perhaps seven million workers in a national workforce of almost 12 million.

About 60 per cent of the workforce works in small business  Big business is important
to Australian prosperity but it is small business that ‘touches’ the heartland of the Australian
nation. Small and Medium Enterprises (or SMEs), are by far the largest employer of the Australian
people. SMEs range in size from sole traders up to businesses employing almost 200 workers. Big business is defined as enterprises employing more than 200 employees.

Australia is a  nation of traders, farmers, retailers, professionals and builders like many other nations.

The Australian workforce is comprised of 11.9 million workers which has increased by
200,000 workers over the year to June 2016 ( by an average of 154,000 per year over the
preceding six years).

At June 2015 there were 1.199 million sole proprietor businesses in Australia up 3,700
over the previous 12 months. It can be said that sole trader businesses are growing at a rate of
about 70 per week

Then there are the slightly larger small businesses that employ between 1-4 people. The ABS estimates there were 582,000 of these businesses in Australia at June 2015 up 13,500 over the previous 12 months. In this category the largest numbers of businesses are in construction
(113,000) and professional services (89,000).

At the larger end of the small business spectrum are businesses employing 5-19 workers. The ABS estimates that there were 196,000 businesses in this category at June 2015 including 25,000 in
accommodation & food, another 25,000 in retail and 24,000 in construction.

Medium sized businesses are defined by the ABS as enterprises employing between 20 and 199 workers. At June 2015 this category of business accommodated 51,000 enterprises across Australia
with most enterprises operating in accommodation and food (7,000), manufacturing (6,000) and retail trade (5,000).

http://www.nbnco.com.au/content/dam/nbnco2/documents/small%20Business-big-thinking-nbn-report.pdf


UK

Composition of the 2022 business population - The UK private sector
The UK private sector comprises largely of non-employing businesses and small employers, as shown in Table A. SMEs (small and medium-sized enterprises) account for 99.9% of the business population. At the start of 2022:

there were estimated to be 5.5 million UK private sector businesses

1.4 million of these had employees and 4.1 million had no employees

therefore, 74% of businesses did not employ anyone aside from the owner(s)

there were 5.47 million small businesses (with 0 to 49 employees), 99.2% of the total business population

there were 35,900 medium-sized businesses (with 50 to 249 employees), 0.7% of the total business population

a further 7,700 businesses were large businesses (with 250 or more employees), 0.1% of the total business population



USA

https://www.sba.gov/sites/default/files/advocacy/United_States.pdf












Ud. 26.8.2023
Pub 26.8.2017

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