INTERNATIONAL IMPORTANCE OF MICRO BUSINESSES

3 Sep

At the beginning of this year, the European Commission published its figures showing that a staggering 85% of all new employment is created by SMEs. It is widely acknowledged that SMEs are in fact the backbone of the European economy, as only less than 1% of all EU businesses are larger companies.

However, it is not often advertised that 92% of all EU businesses are actually micro-companies, with less than 10 employees. Does this mean we should shift our focus to Europe’s smallest employers more? How important are micro-companies in the battle against unemployment and how can we maximize their potential to become the EU’s favorite employer? What role is there for the ever-developing online tools? Are we slowly becoming micro-multinationals?

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