Prospects of Small and Medium Business Development in Ukraine

Анотація

Аnnotation. Introduction. Small and medium-sized enterprises are an integral part of the modern market economy.
\nThis gives the economy of any country some flexibility, influences its economic growth, mobilizes financial and production
\nresources of the population, accumulates a powerful antitrust potential, plays a system-forming function. Entrepreneurship is a
\nserious factor in solving pressing social and economic problems.
\nPurpose. The purpose of the article is to summarize the fundamental principles for the support and development of
\nsmall and medium-sized enterprises in the transition economy. The aim is to develop methodological foundations for improving
\ntheir efficiency in Ukraine.
\nResults. It is established that the main reasons for slowing down the development of small and medium-sized
\nenterprises in Ukraine are the lack of an effective mechanism for implementation of state policy for support of small and
\nmedium-sized enterprises, the lack of appropriate regulatory support for business development, limited financial resources,
\nlimited information and advisory support, imperfection of the training system and further training. The article analyzes the main
\ndirections of state support for small and medium-sized enterprises in Ukraine and other countries. Obstacles hindering the
\ndevelopment of entrepreneurship have been identified. Such obstacles include limited access to finance, burdensome legislation,
\nand difficulties in entering new markets, etc. These programs are aimed at making breakthroughs and inventions; promote entry
\ninto new markets; facilitates the opportunity to obtain financing for business, offer a large amount of investment, grants and
\nvouchers are provided, advisory assistance and targeted support are provided.
\nConclusions. The tasks that need to be solved to realize the strategic goals of the development of small and medium
\nbusinesses in Ukraine are identified. The main ones are the creation of favorable financial conditions for starting and conducting
\nbusiness activities; development and implementation of a special program of support for promising companies and
\nentrepreneurs; creation and development of business support infrastructure; development of competition; support in the social
\nsphere; stimulating demand for enterprise products; creation of conditions for increase of labor productivity; development of
\nmicro-credit; implementation of financial support programs; simplification of procedures for access of small and medium-sized
\nenterprises to the use of real estate objects; training, training, and retraining of professional staff for small and medium
\nbusinesses; provision of state support for small and medium-sized enterprises active in the field of investment activity; conducting
\ninformation-analytical monitoring of small and medium-sized business development and development of state policy measures
\nfor the further development of entrepreneurship.

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