Bytesize 2008
Editors Note
We know why SMEs are important – among numerous other reasons, they create jobs, improve forward and backward linkages across diverse sectors, tend to lead to technical innovation, fuel private ownership and increase marketplace competitiveness.
10 July 2008
Yet despite them being the de facto growth engines of most of the world’s economics, their success rate is surprisingly slim – here in South Africa, for example, an estimated 70% of new businesses fail within 18 months. Why is this the case?
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