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European Small entreprises comprise all types of companies from one-person companies to co-operatives. Whilst some Small entreprises supply more or less conventional services or expertise products, many others are fast growing high-tech companies. Despite their differences, though, Europe’s Small businesses share many challenges.

European Commission, Report on the results of the previous consultation on a Small Business Act for Europe, in Spring 2008.

The facts point out the number of replies regarding the subsequent issues:
Administrative and regulatory load: a hundred and forty replies,
Access to finance: 98 replies,
Taxation: sixty one replies,
Lack of skills: 43 replies,
Access to public procurements: forty one replies,
Unfair/too robust competition: 22 replies,
Labour law: 22 replies,
Access to Single Market: 17 replies,
Access to EU programmes: 16 replies,
Late payments: 16 replies,
Access to international markets: 16 replies. If you are in this particular case, you need Website translation.
Access to data and advice: 16 replies,
Instability world economy/energy costs: 16 replies,
SME definition: 7 replies.

Making life easier for small company.
For many small and medium-sized companies, the administrative inconvenience is their key problem. The cost of administrative actions for a small business will be up to ten times more than for a larger one making this duty excessively grave for small business. This is why the EU Commission has set itself 2 strategic goals:

First intention is to cut back the administrative inconvenience on entrepreneurs by twenty five% before 2012 and to make sure that all further legislation affecting business is SME-friendly. To realize this purpose, the Commission is simplifying and improving EU regulations, and encouraging national and regional authorities to try to to the same at their levels.

Less and better directive.
The European Commission’s 2007 action programme to cut back administrative load by twenty five% has identified priority areas for action that concentrate on info obligations in areas such as company law, employment relations, VAT and statistics. A number of these obligations have already been erased.

For example:
- European union firms now not need to announce business information in the national gazettes and they will (re-)use translations certified in one Member State when creating branches in other EU Member States.
- Member States should be allowed the option to exempt micro-enterprises from providing detailed data in their annual accounts.

A twenty five% reduction in the executive load on entrepreneurs would rework into a rise of 1.5% in the EU’s GDP – amounting to about €a hundred and fifty billion. However, this may only be achieved by national, regional and local authorities acting together with the Commission. Therefore way 18 Member States have set national targets for reducing administrative loads.

Did you know?
Since 2005, the European Commission has:
A – Withdrawn seventy eight pending laws,
B – Simplified fifty four initiatives,
C – Identified 2 500 obsolete acts to be repealed.

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