Small and Mid Size of business success.

The formula for success for each small business is different, but the reasons for small business success that make up that formula cross over industry lines. In order to succeed, a small business needs to have an operating plan. The business plan is not only the blueprint for the company's success; it is also the summary of the business for investors and potential business partners. Running a business is a marathon, not a sprint, and the path can have its share of obstacles. Your personal vision for success may be centered on growing revenue, increasing your physical footprint by opening a new location, or simply expanding your staff so you can redirect your energy and focus elsewhere. Small and medium-sized enterprises (SMEs) and mid-sized companies are the backbone of many countries’ economies, so we must work together to ensure their success and their impact on some of the world’s biggest and most pressing issues. Smaller companies represent 90% of all companies and are responsible for nearly 70% of both jobs and gross domestic product (GDP) worldwide.