Entrepreneurship and SME's Organizational Structure. Elements of a Successful Business

Theories developed about Entrepreneur and SME highlight the important role of certain factors like business size, market share, management and ownership, data relating to the survival and competitiveness of sme, potential fundraising, sales, profitability and liquidity, lack of skilled personnel in the industry, distribution channels data and market information, barriers to entry in certain markets, changes taking place in markets, birth of niche markets, operation in a niche, closed or protected local or regional market, data on acquisition of a business, use of innovation or new technologies, organizational structure, customers, suppliers, creditors and relationship with public institutions and policies, lack of confidence in external consultants, resources control, networking and clustering. Factors affecting business size of sme, such as characteristics of entrepreneur, characteristics of enterprise, management strategies, and external environment's influence, constitute elements of a successful or non-successful business.