
CURRENT CHALLENGES FOR THE ECONOMIC DEVELOPMENT OF SMALL ENTERPRISE IN UKRAINE
Author(s) -
Тетяна Піхняк
Publication year - 2021
Publication title -
priazovsʹkij ekonomìčnij vìsnik
Language(s) - English
Resource type - Journals
ISSN - 2522-4263
DOI - 10.32840/2522-4263/2021-2-5
Subject(s) - business , small business , government (linguistics) , entrepreneurship , small and medium sized enterprises , productivity , loan , industrial organization , finance , economic growth , economics , linguistics , philosophy
The article investigates the problematic issues of small business development in difficult socio-economic conditions. The current state of development of business entities as a result of the introduction of quarantine as a result of COVID-19 is analyzed. Emphasis is placed on providing jobs for small businesses, as well as other factors that have a direct impact on their activities and development. The defining characteristics and problems of the main segments of entrepreneurship are clarified: individuals - entrepreneurs, micro-enterprises, small enterprises. Attention is paid to the main characteristics of small businesses: prevalence, geographical location, employment, productivity and the predominant field of activity. The main obstacles to the activities of small businesses are systematized, in particular: lack of access to finance, lack of a state support system, low level of innovation, limited opportunities for exports, excessive tax pressure, corruption. A group of limiting factors that currently affect the conditions of doing business is considered. These include: systemic factors, the impact of which can be eliminated or minimized as a result of the implementation of business development strategy and "background" factors that characterize the impact of the external environment on business and form the general conditions of its development. The study substantiates the importance of state support for the development of small businesses. The real state of support of small and medium business by the domestic government is considered - temporary reliefs for business during quarantine: reduction of financial obligations of small businesses to the state, provision of financial and consulting products on favorable terms: loan to replenish working capital, refinancing investment and working capital loans, deferred repayment of loans, imposing a moratorium on tax audits during quarantine, partial mitigation of penalties for late registration of tax invoices, non-payment of taxes, non-compliance with agreements with partners and financial institutions. It has been found that small business support should be comprehensive and on an ongoing basis. The ways of overcoming negative factors and factors for small and medium business in the future are offered: continuation of preferential conditions for enterprises, creation of anti-crisis fund, realization of credit programs, development of venture capital, creation of programs, directions. small business.