Key Success Factors and Barriers for Small Businesses: Comparative Analysis

Abstract

This paper analyses the current situation of small businesses, their outlook and their problems in Europe and in Russia. The number of small businesses opened, legislative system, number of self-employed without employees, influence of bureaucratic system on small business's life, unemployment and corruption are considered in this study. The object of this paper is understanding what can modify the life of small companies. Thus the analysis of every factor is useful to understand how the economy could change, what is correct and what resolutions make the life of small businesses better. The analysis is made using data from Eurostat, Rosstat, and Fedstat (an OECD institutional website), studying how values of indicators have changed during recent years. The results clearly show that the development of small companies is correlated with the development of good institutions, a sane community and trust and optimism in economy and small business sector.

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