Today is the International small business day

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We all deserve a day to celebrate our daily work. That is why the General Assembly of the United Nations (UN) ruled last April that from 2017 on June 27 will be celebrated the International Day of small and medium enterprises (SMEs).

According to a publication on the UN website, SMEs are companies that have a small number of workers (generally, less than 250 people) and a moderate turnover, are the backbone of most economies of the world and play a fundamental role in developing countries.

The objective of celebrating SMEs is to support the goals of the 2030 Agenda for Sustainable Development through the creation of employment and economic development.

This year the celebration of the International Day of SMEs was Argentina, where professionals from the business world and specialized academics gathered.

Data from the International Council for Small Business (ICSB), this type of business, belong to the formal or informal sector of the economy, represent more than 90% of the total number of companies, generate between 60 and 70% of employment and are responsible for 50% of the Gross Domestic Product (GDP) worldwide.

In Mexico, there are four million SMEs that generate 72% of employment and account for 52% of the annual national GDP.

On June 27, 2017, the General Assembly of the United Nations, declared that date as the International Day of Microenterprises and Small and Medium Enterprises, recognizing its importance and value.

According to the data of the International Council for Small Business, this type of business, belong to the formal or informal sector of the economy, represent more than 90 percent of the total number of companies, generate between 60 and 70 percent of employment and are responsible for 50 percent of the Gross Domestic Product (GDP) worldwide.

They contribute in turn to several of the objectives of sustainable development, of the 2030 Agenda such as the End of Poverty or Decent Work and economic development.

A micro-enterprise consists of an economic unit with up to 10 workers (including the owner) and in Chile, its importance is not lower because according to the Micro-Enterprise Survey 2017, in our country there are 1,992,578 micro-entrepreneurs and according to the Longitudinal Survey of Companies the 51.8% of the total Chilean companies are venturing.

You can learn more about micro enterprise in Chile in the following link

On a special day like today, we invite you to become aware of the importance of Micro, Small and Medium Enterprises, which contribute so much to the national and global economy. Companies in the vast majority of cases brought forward by people who started from the bottom and who today, according to figures from the Ministry of Economy, contribute with 5 million jobs throughout the country.

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