1. A presentation by
Koryagina E.
Kartcova E.
Garnova A.

2. Small firm definition.
Designation for firms of a certain size which fall
below certain criteria (that varies from country to
country) in terms of annual turnover, number
of employees, total value of assets, etc.

3. Small firms
 convenience stores
 small shops
 hairdressers
 tradesmen
 lawyers
 accountants
 restaurants
 guest houses
 Photographers
 small-scale
manufacturing
 online businesses

4. EU classification of Small firms.

5. Competitive advantages and weaknesses.
 Flexibility
 Quality of services
 Production efficiency
and low overheads
 Product development
and innovation
 Independence
 Selling and marketing
 Funding R&D
 Management skills
 Less ability to gain
economies of scale

6. Rules of opening a small firm
1
• Idea
• Set a goal
2
• Choosing employees
3
• Marketing plan
• Financial plan
4
• Finding an attorney or other legal advisor
5
• Get an accountant
6
• Form a business entity

7. Advertising small firm.

8. Practical example.
INPUTS priceperunit sellingprice 15,00€ REVENUE PROFIT
Case 4,00€ cases/day 40 1stmonth 13050,00€ 7813,0€
Electricity 0,10€ workingdays 261 6month 78300,00€ 44878,00€
Printingphoto 1,00€ flatrent/month 1000,00€ 1styear 156600,00€ 90556,00€
Printer 800,00€ 2ndyear 156600,00€ 91356,00€