Strategies of the Development of Entrepreneurship and SME

people who start small businesses today have never dealt with statistics and have noexperience in marketing, management, in finances,” Sutiashvili says. 42SME Financing Organizations1. Foundation “Constanta”2. FINCA-Georgia3. World Vision Georgia4. Association “Woman and Business5. ”Micro Finance Bank of Georgia (MBG)6. Bank of Georgia, United Georgian Bank, Tbiluniversalbank, TBC Bank5.4.5. Further steps in SME developmentThe old attitudes still continue: business is bad, the state must control, andentrepreneurship is a form of theft. The main important task is to develop a coherentgovernment SME policy and create appropriate and sustainable infrastructure.Access for financing, especially for start-ups has to develop. Microfinancing, creditunions have to be strengthened to create self-employment and promote start-ups.Georgia has a relatively well-educated population. However business skills, enterprisemanagement have to be developed.SMEs have poor access to information, because they do not know where to find it.Internet access is also poor.Cooperation between SMEs especially in the formed well-established neighbouringcountries has to be both strengthened as well as restored.There is a need to develop business ethic. For this, first the Government authoritiesneed transparent procedures avoiding state corruption.42 Nino Patsuria: Demand Outweighs Supply as Lack of Credit Stunts SME Growth, GEORGIA TODAY, Issue #34816.03.07 - 22.03.07118