Business Center Establishment - Brief Description
International experience has proved that entrepreneurship promotion and small business development are effective means of creating new jobs, reducing unemployment, and generating income. Small enterprises are an important and integral sector in the market economies of developed countries as well as transition countries.
In transition countries, small and medium-sized enterprise (SME) owners often must operate without access to information regarding modern production technologies and market conditions. In these countries, there is either no formal support structure for SMEs or the institutions that do provide support services are limited in their regional coverage and organisational capacity. Existing institutions are frequently poorly designed and struggle to provide their services effectively and efficiently.
In these circumstances, most would-be entrepreneurs require more than classroom training to establish and run a successful business. While classroom training may provide general business knowledge and skills, SME owners also need expert advice on specialised technical and managerial subjects. Merely providing information about possible sources of financing is likewise not sufficient. SME owners need assistance in shaping their ideas into proper business plans and proposals that are acceptable to financing institutions. Promoting business advisory services through the establishment or strengthening of Business Centres and other advisory mechanisms has proved a successful approach to providing needed services to SMEs.
The successful establishment of a Business Centre is dependent upon a number of key variables, including:
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