European Journal of Molecular & Clinical Medicine

Abstract

Small and medium-sized businesses (SMEs) are widely regarded as the motors of economic growth in both advanced and emerging markets because of the jobs they generate, the GDP growth they contribute to, the initiative and creativity of their founders and employees, and the products and services they bring to market. As a result, the importance of small and medium-sized enterprises (SMEs) to the economy and social fabric of Turkey is significantly higher in India than in other emerging and developed countries. Numerous obstacles confront small and medium-sized businesses, but "poor financial management" issues are frequently cited as the leading cause of business failures in SMEs.