A1 Size and features of SMEs GapFill

The number of members of staff in an SME varies, depending on the business size. For example, a micro SME will have up to  201015100 members of staff. An SME is considered to be small if the number of members of staff is between  50111020 and 49. A medium-sized SME will have up to  500249300250 members of staff. 

Ownership of SMEs will vary, but is unlikely to include  Ltdsole traderPlcpartnership. Due to the risks involved in setting up a new enterprise, many smaller ones may have started life as a  franchisecharitypartnershipside hustle. Once the entrepreneur is confident the new enterprise can create enough revenue to support them, they may then focus on it full time and aim to grow. For micro SMEs providing products and not services, the confidence of customers to order online means it is an advantage to invest in  a professional website accepting online orderscomputersstaffone social media platform as they can increase their customer base without having to acquire new  premisesadvertising campaignslogosstaff in order to reach customers in a different  groupoccupationlocationtime zone. 

SMEs may exist in more than one economic  sectoreralocationgroup such as both secondary and  tertiaryonlinein personlocation. An example would be a furniture maker who has a workshop behind a shopfront, where customers can visit to buy the products. A farm shop selling vegetables and eggs is an example of an SME being in both  secondary and tertiaryprimary and tertiaryrural and townprimary and secondary sectors.