The article will discuss the essential difference between start-ups and small and medium-sized companies, where the difference is that the first is based on achieving rapid growth in a record period.

But before going into detail, dear reader, here is my journey to discover this matter.

Two years ago, I had the opportunity to join an entrepreneurship training and coaching program, which is a program to support Syrian and Turkish small and medium enterprises in Turkey, in partnership between several UN agencies (International Trade Center ITC – International Organization for Migration IOM The International Labor Organization (ILO) in coordination with the Turkish Ministry of Labor.

The program included a study of business literature, lengthy workshops and interesting electronic games, in addition to practical training by providing consultations to the attending companies, to end up with a paid contract with the same program to provide advisory support and sometimes financial support for a number of small and medium enterprises (SMEs).

As you can see from the name of the program..it is possible to speculate about some relationship (I do not know what it is because I do not remember that they explained it) between the program and “entrepreneurship”. In fact, until last night, and before my wonderful discovery of the great platform for which I am writing this article, it was not clear to me That there is a difference between entrepreneurship and small and medium enterprises (SMEs)… (by the way.. I’m happy with the platform being unique considering it’s in Arabic… which can allow us to write articles on it to show off some rickety linguistic wit that’s worn out by gibberish Alienation.. and I hope that he does not consider – and if he considers it, then it is better according to the one who does the consideration – my words as a “collection” for the platform group to publish my first article.. what we have to do.. what is important).

The difference between startups and small and medium enterprises

Through my review of some valuable articles (and all of them are certainly valuable, and I hope that the platform community will accept my intrusive joining them with open arms) on the blessed platform “Alef Start Up” – by the way, I had followed its beginnings under the name of chameleons, but I did not have time to follow them up – I noticed talking about the differences between projects Medium, small and pioneering ones, as in the article “What is a pioneering project? And what is the difference between a small project?” To my dear colleague blogger on the platform Hikmat Aqeel…

I was more interested in writing and being active on the platform because I had too much time had I not discovered that!..to realize that there is a strategic philosophical disagreement that could emerge and its impact would expand with the increase in activity on the platform..so I started with some research and reading on the subject…

The friend and encyclopedic researcher, Dr. Sinan Hatahet…, who understands everything and everything (try to benefit from him and draw inspiration from his truly wonderful experiences…I know, reader, that you may understand that it is also his “collection” as the CEO of the platform)…, he thanked me When he consulted me about writing articles on this generous platform, that there is a major difference between entrepreneurial projects and those described as small and medium, that entrepreneurship aims for rapid (cancerous) expansion – this description is from me through which I try to suggest negatively to the reader. And to show how much it respects the opinion and the other opinion)..even if that is at the expense of losing it, which is something that is not part of the culture of small and medium companies..by giving me examples..such as some departments in Amazon..which are still losing money to this day…

Despite the sufficiency of the previous explanation by Dr. Sinan, some curiosity prompted me to research more.. (Dear reader, if you feel bored, you can stop here, given that we have reached the absolute truth as Dr. Sinan said it, may God protect him and you!)…

And as usual, when curiosity begins to play with our minds…we ask Google.., I found a brief paper reviewing the relationship between entrepreneurship and Small, Medium & Micro Enterprise Businesse (SMMEs), and its title is “The Relationship between Entrepreneurship and Small Enterprises” micro, medium and micro: a review of the literature” by a researcher, Dr. Francis Ocker, in which the researcher explains the commonalities and differences between the two concepts…

The basic elements of entrepreneurship

In his speech, the researcher mentions the challenge he faced initially in defining the concept of entrepreneurship because there was no agreed-upon definition among scholars and theorists, to conclude that he identified basic elements that could be major landmarks for the idea of ​​entrepreneurship:

  1. innovation,
  2. creativity,
  3. risk taking,
  4. capturing and estimating opportunities in the market,
  5. establish a new enterprise, manage the enterprise,
  6. creating value for society,
  7. enterprise development,

Generate job opportunities…

What are the similarities and differences between startups or entrepreneurial projects from SMEs?

The similarities between them

The researcher examines the similarities and differences between the two terms, and talks about many commonalities and overlaps. Both entrepreneurship and small businesses are recognized as important players in social and economic development. It has been noted that both have the ability to generate job opportunities, economic growth, economic development, and economic transformation, as each of the small and medium enterprises aims Size and entrepreneurship lead to the same goals, and both are influenced by the same factors, and thus, its success or failure is determined by a combination of similar factors, for example, environment, culture, location, individual characteristics, and characteristics of the company.

Owners and managers of small and medium businesses also tend to have the same characteristics or attributes of running a business. For example, initiative (self-initiated individuals, perseverance (strong determination and patience), focus on diligence, adherence to agreement/contract, systematic planning, creative problem-solving, self-confidence, use of influencing strategy (ability to influence others), integrity and reliability.

Differences between the two types of companies

On the other hand, the researcher explains the differences such as that the owners of small and medium-sized companies and entrepreneurial projects usually have different intentions, as small companies usually start small and remain relatively small, and provide a lifestyle or job and a modest level of income for their owners. As for entrepreneurial projects, the founders have motives and goals. Different, these founders are innovators and growth-oriented, and their goal is not just to generate a job or work for themselves, but rather to generate value and wealth that they can harvest in the future, and the researcher ends his paper by recommending that decision and policy makers make more effort to distinguish between the two matters.

But wait! Creativity as a fundamental difference!…I remember that we studied in the business literature that the most important thing that distinguishes medium and small companies is the limited resources, and as a result, one of the most important means of distinguishing them from others is creativity, and here we really enter into the relativity of creativity, and the relativity of The difference is also between entrepreneurship and small and medium-sized companies. Entrepreneurship is often associated with high-level creativity in the origin of the idea, while small and medium-sized companies are distinguished by their creativity in bringing traditional products or services to certain segments.

However, it seems to me that there is a great level of overlap and commonalities that allow me to intrude writing and theorizing on this platform. Although I am a consultant for medium and small companies, this article cannot cover the overlaps of the topic in this hurry, and we may approach the topic in other articles as well…

However, someone may ask… What does a person who aspires to be an entrepreneur benefit from these theoretical reflections?.. In fact, these reflections are useful to get to the heart of the matter ontologically and epistemologically (these are new terms that I do not understand accurately yet, but I started trying to understand them, and they are It is usually used by some to appear “pedantic and philosophical”, and I hope that the reader does not feel – and if he feels that there is no big problem – that I use it for this purpose!).