Who Is Entrepreneur&Small Business

You might also like

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 2

Who is Entrepreneur? Look at your environment and Who is entrepreneur? Why?

Information and communication technology is frequently referred to in modern business but for many people the concept remains a mystery. U Thaung Tin is usually referred to as one of the pioneers of Myanmars IT industry. As chairman and chief executive officer of KMD Computer Group, he has overseen the development of Myanmar ICT current sector and trend. He developed one of the countrys most successful computer training centers and IT products retailers.

How to define "small business" in Myanmar according to the 1991, Myanmar Citizens Investment Law? How about in ASEAN, China, India, Japan, US and Europe? If you are an authorized person, how will you modify the definition of Small Business in Myanmar? Basically, "small business" is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. The legal definition of "small" varies by country and by industry.

In the European Union, a small business generally has under 50 employees. In United States, determined by the U.S. Small Business Administration (SBA), small business is defined according to the type of economic activity or industry. Manufacturing: Maximum number of employees may range from 500 to 1500, depending on the type of product manufactured; Wholesaling: Maximum number of employees may range from 100 to 500 depending on the particular product being provided; Services: Annual receipts may not exceed $2.5 to $21.5 million, depending on the particular service being provided; Retailing: Annual receipts may not exceed $5.0 to $21.0 million, depending on the particular product being provided; General and Heavy Construction: General construction annual receipts may not exceed $13.5 to $17 million, depending on the type of construction; Special Trade Construction: Annual receipts may not exceed $7 million; and

Agriculture: Annual receipts may not exceed $0.5 to $9.0 million, depending on the agricultural product. In Japan, Small Scale Enterprise Applicable law Industries Employees and Capital Size 20 or less employees 5 or less employees

Mining & manufacturing and Small and Medium Enterprise basic Law other industries (Promulgated in 1963) Commerce and Service

You might also like