What is an SME in business?
What is an SME in business? Small and mid-size enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees below a certain threshold. They outnumber large firms considerably, employ vast numbers of people and are generally entrepreneurial in nature, helping to shape innovation. How do you qualify as an SME? To qualify as an SME, your enterprise must fulfill the staff headcount norm, and either the turnover OR the balance sheet total criterion....The staff headcount criteria for the different sizes of SMEs are as follows:Micro-sized: <10 AWU.Small-sized: <50 AWU.Medium-sized: <250 AWU. What is a SME employee? initialism....