ArticlesEntrepreneurship

Successful small projects turned into giant companies


Micro-enterprises play an important role in the national economy of many developed countries and developing countries in particular. Economic and social analyzes of global experiences in this field indicate that they have made significant progress in Asian countries and achieved unprecedented achievements. They have shifted from consumer countries to producing countries by focusing on These small projects, which are compatible with the increase and lack of necessary investment, through the exploitation of available resources, the creation of new methods and methods, and the use of modern technologies, which in turn helps the workforce to produce the necessary and essential goods for the life of the Tinnitus; food, chemical, mineral and others, or it is possible that these small businesses provide service in the field of technology as a means of communication.

In view of the recent adoption by countries of microenterprises as a key focus of development in increasing production and provision of services, countries have now, in accordance with the global economic system and in accordance with global capital practices, focused heavily on these projects, developing plans and strategies that support their creation, Through the provision of facilities and benefits in the procedures and licenses, loans and taxes, and provide the necessary infrastructure for the establishment of projects, and other requirements that those projects.

 The importance of SMEs is seen as the key driver of sustainable development for developing countries. This importance has been evident in South-East Asia. The industrialization and support of small and medium-sized enterprises (SMEs), which have now been adopted, is one of the main reasons for the growing Growth has.

Small enterprises are characterized by the fact that they do not require highly experienced management cadres, only some basic skills needed to start the project. Small enterprises are flexible and adaptable according to market variables and requirements. They also provide goods and services that are suitable for the consumer and the market in general.

Small projects contribute greatly to the economic development of the country, raise the standard of living of individuals and provide them with a decent life, and help young people to implement their ideas, aspirations and aspirations in all areas they desire. It eliminates unemployment, develops the skills of individuals and helps them in training and education.

We can classify these small projects into two types of projects: production projects, which produce goods or consumer products needed by the market to meet the needs of citizens (foodstuffs, metals, clothing) or produce units that enter the requirements of the production of large companies.

Including commercial projects; based on the trading system (selling and purchasing), whether wholesale or retailing of certain goods and products.

Such as: service projects; offering a specific service; such as engineering, medical, tourism or computer services.

There is a great need for awareness campaigns and commercialization of these ambitious small projects, their importance in the development process, working to overcome the institutional and legislative obstacles to the informal sector for re-integration into the formal sector, marketing and exporting its products and improving the infrastructure that encourages both domestic and foreign investment. These small and medium enterprises are not considered to be separate entities, but are interrelated, with overlapping relationships in which cooperation and coordination between different large and small enterprises are involved. Therefore, there is an urgent need for awareness campaigns to introduce the importance of small and medium enterprises, their financing and technical support, and to educate youth to integrate them into the labor market and participate in economic development

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