Development of small business analysis methods

Small business plays a large social role, supporting the economic activity of the majority of the population, thereby determining the pace of economic growth and ensuring tax revenues to the budget. Small businesses have flexibility and adapt very quickly to changes in the market environment, which helps to stabilize economic processes both in the regions as a whole and in individual regions. But small businesses are also characterized by relatively low profitability, high labor intensity, certain difficulties with the introduction of new technologies, limited resources and increased risk in competition. At present, the sustainable functioning of a small enterprise depends on the ability of management personnel to realistically assess the financial condition of both their organization and its competitors. To do this, it is necessary to have an effective methodology for analyzing and diagnosing the company’s activities, appropriate information support and qualified personnel who are able to implement this methodology in practice...