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A presentation by
Koryagina E.
Kartcova E.
Garnova A.
Small firm definition.
Designation for firms of a certain size which fall
below certain criteria (that varies from country to
country) in terms of annual turnover, number
of employees, total value of assets, etc.
Small firms
 convenience stores
 small shops
 hairdressers
 tradesmen
 lawyers
 accountants
 restaurants
 guest houses
 Photographers
 small-scale
manufacturing
 online businesses
EU classification of Small firms.
Competitive advantages and weaknesses.
 Flexibility
 Quality of services
 Production efficiency
and low overheads
 Product development
and innovation
 Independence
 Selling and marketing
 Funding R&D
 Management skills
 Less ability to gain
economies of scale
Rules of opening a small firm
1
• Idea
• Set a goal
2
• Choosing employees
3
• Marketing plan
• Financial plan
4
• Finding an attorney or other legal advisor
5
• Get an accountant
6
• Form a business entity
Advertising small firm.
Practical example.
INPUTS priceperunit sellingprice 15,00€ REVENUE PROFIT
Case 4,00€ cases/day 40 1stmonth 13050,00€ 7813,0€
Electricity 0,10€ workingdays 261 6month 78300,00€ 44878,00€
Printingphoto 1,00€ flatrent/month 1000,00€ 1styear 156600,00€ 90556,00€
Printer 800,00€ 2ndyear 156600,00€ 91356,00€
Small business

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Small business

  • 1. A presentation by Koryagina E. Kartcova E. Garnova A.
  • 2. Small firm definition. Designation for firms of a certain size which fall below certain criteria (that varies from country to country) in terms of annual turnover, number of employees, total value of assets, etc.
  • 3. Small firms  convenience stores  small shops  hairdressers  tradesmen  lawyers  accountants  restaurants  guest houses  Photographers  small-scale manufacturing  online businesses
  • 4. EU classification of Small firms.
  • 5. Competitive advantages and weaknesses.  Flexibility  Quality of services  Production efficiency and low overheads  Product development and innovation  Independence  Selling and marketing  Funding R&D  Management skills  Less ability to gain economies of scale
  • 6. Rules of opening a small firm 1 • Idea • Set a goal 2 • Choosing employees 3 • Marketing plan • Financial plan 4 • Finding an attorney or other legal advisor 5 • Get an accountant 6 • Form a business entity
  • 8. Practical example. INPUTS priceperunit sellingprice 15,00€ REVENUE PROFIT Case 4,00€ cases/day 40 1stmonth 13050,00€ 7813,0€ Electricity 0,10€ workingdays 261 6month 78300,00€ 44878,00€ Printingphoto 1,00€ flatrent/month 1000,00€ 1styear 156600,00€ 90556,00€ Printer 800,00€ 2ndyear 156600,00€ 91356,00€