Will SME enjoy the great support now?

Every one knows that not all SME will make the way to be big enterprise. But, many big enterprises had been SME in the early day.

We may like to read books written by those founders about their struggle to build big enterprises from small companies. Certainly, we cannot follow their ways because the situation is different now.

I believe that there is no magic formula to achieve any of our dreams. Of course, for those who have not prepared to go up, there will not be any chance at all.

The accounting standards have been applied to SME. So SME may not feel good about it.

Now, IFAC has prepared a good guide, "Business Planning Guide: Practical Application for SMEs". It is free for registered visitors. That is the only way to get it because it is not for sale now.

This guide covers everything from business strategy to marketing and from analysis to financial ratios. I personally believe that this is a good guide for a lot of SME because most of them may not use such type of tools to analyze their business.

Perhaps it is good to say that anyone in SME must know about such type of financial analyzing tools. Otherwise they may not have a chance to develop their companies or themselves.

Standard financial reports and financial ratios are not suitable for big corporations only.