SMEs and their importancein Zimbabwe

The Small and Medium Enterprises sector is a key component of Zimbabwe's economy which is estimated to constitute around 70 % of the economic activity. Small Medium Enterprises (SMEs) are found in all areas of the economy such as manufacturing, retail and transport, mining, energy, transport, construction and service sectors of the economy. According to the Ministry of Finance, the sector employs as much as 65% of the country's workforce and contributes a staggering 50% of the country's Gross Domestic Product (2013 National Budget Statement).

Interns shown how to cut pattern- pieces.

 It is universally acknowledged that they are effective instruments of employment creation and economic growth, which ultimately lead to poverty alleviation for the entrepreneurs themselves as well as their employees. Their contribution will help turn the economic fortunes of the country and many will experience a better way of life. To fulfill their pole position in the economy, SMEs need to know critical factors that are the cornerstone of success in business. Entrepreneurs in this sector are made of many different people who are in business to benefit or succeed in one way or another. As they benefit, the nation at large will also benefit if their efforts are successful endeavors.