Basic Information Of Small Business

Posted by Charlotteamelia on January 21st, 2021

An SME is a company whose workforce does not exceed 250 people and whose annual turnover does not exceed 50 million euros, or whose balance sheet total does not exceed 43 million euros ( data concerning the turnover and the number of employees come from the site economie.gouv.fr ) these are the basic of small business https://bizop.org/.

In 2019, France has around 140,000 SMEs. 49% of employees in France work in an SME, or to a lesser extent, a VSE. This represents around 7,000,000 employees. SMEs are real nests for employment. In fact, over the past six months, more than 69% of them have recruited at least one new employee. This figure can be explained by the diverse and abundant activity of these companies but also, without doubt, by the amount of aid granted by the State to SMEs / VSEs, which has increased by 150% since 2003. Nevertheless, there appears to be a clear difficulty in recruiting for most SMEs, with more than 64% of them admitting to having already had problems finding a qualified or motivated employee.

Unlike VSEs, which are too small, SMEs are also big investors in innovation, with more than 7 billion euros spent last year, or nearly 25% of spending on research and development by companies. in France.

ETI

The mid-size company is a company whose workforce does not exceed 5,000 people and whose annual turnover does not exceed 1.5 billion euros or whose balance sheet total does not exceed 2 billion d 'euros.

There are around 5,000 such companies in France.

Big business

As the name suggests, this is the corporate juggernaut category. All those that do not fit into the previous categories are so named. France has 274. 

It should be noted that France is ranked among the best countries for entrepreneurship. In 2018, for example, 691,000 companies were created, i.e. more than 17% compared to 2017.

While VSEs and SMEs are breeding grounds for employment and, to a certain extent, for innovation, they are supported by the State through aid. Thus, a healthy process has been created over the years in France, which benefits the global economy as well as aspiring entrepreneurs.

These companies share a centralization of management (generally around a single person), a more flexible structure than small business and less human resource requirements which make them very competitive. It is therefore neither surprising nor trivial that they represent the overwhelming majority of companies in France.