Definitions of vitiated Medium and Micro Enterprises
Micro Enterprises
Between matchless to five employees, usually the owner and family
In musket ball no license, formal caper premises, labour legislation
Turnover below the VAT allowance Level of R300 000 per year
Basic avocation skills and training
Potential to make the transformation to viable formal scummy business
Very small enterprises
government agency of formal economy
less than 10 paid employees
Includes self-employed artisans and professionals
Small Enterprises
Less than 100 employees
more(prenominal) established thatn very small enterprises, formal and registered, touch on business premises
Owner managed,but more Byzantine management structure
Medium enterprises
Up to 200 employees
Still chiefly owner managed, but decentralised management structure with divisions of labour
Operates from fixed premises with all formal requirements
Previouse investigation into small business market have classified small business typically by informal and formal type of buiness or registered and unregistered.
The folowing graph demostrates this:
INOFORMAL STREET VENDORS, HAWKERS ETC | UNREGISTERED INDIVIDUALS | REGISTERED BUSINESS |
Survivalist Street market, croak market Predominantly involved in the trade of goods operates in the informal sector of the economy Wont employ others in the streamlet of their business Income generated below the poeverty line average of R1500 per month No training, higer school education Approximately half have access code to the bank account | Many involved in the sale of goods however activity seen in other sectors such as services or landlord Not inclined to employ others More inclined to run business from home For 30% income derived from business is not sole sources of income Average Monthly Turnover R2 600 55% Banked | Part of the formal economy...If you want to get a wax essay, order it on our website: Ordercustompaper.com
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