Prospects of sustainable strategic development of small business in the Republic of Dagestan

The issue of sustainable development of small business in Russia is especially relevant in the current circumstances. The effective state strategy of the small business support should include in addition to the direct government support, the measures aimed at the improvement of the macroeconomic situation in the country as a whole. The sustainable strategic development of small business is determined by various internal and external factors, and is of utmost interest at the domestic level, since it implies an increase in tax revenues, improvement of people’s socio-economic status and social stability. A model of the strategic sustainable development of small business includes such components as financial support and tax loaning, legal regulation, concentration of assets, risk reduction, consulting, and marketing. Every small business should necessarily carry out a variety of activities for development and improvement of production and commercial activities related to the purchase and sale of goods or rendering of services, expand the range of products, review the pricing policy and improve the marketing strategy.