And later when we set up Alibaba, after 5 years of study we realized this: that small and medium sized companies are the group of companies who really need e-commerce.
There are somewhere between 20 and 30 million small and medium sized companies in this country.
Critics say this will penalise small and medium-sized manufacturing firms.
Those added payrolls, however, are appearing in private, mainly small and medium-sized companies at this point.
As an underwriter for small and medium-sized businesses, this is very exciting.
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The first reason for worry, oddly, is that Germany's legion of small and medium-sized firms entered this downturn with balance-sheets stuffed with cash.
The Yankee Group, another technology consultancy, earlier this year questioned 250 large and medium-sized American companies across a broad range of industries about their views on e-business, and found that 58% of corporate decision makers considered the web to be important or very important to their business strategy.
In Q3 2012, Sina targeted small and medium-sized enterprises by incorporating this advertising system in a news feed.
He says his major goal in going into all of this was to protect the small and medium-sized property owners.
This means going to small-to-medium sized brick-and-mortar businesses and using the Internet to help them with customer access and retention.
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But you have to choose your design points, and this is a design for medium- and large-sized business.
Of the 30 firms whose profits grew fastest in the first six months of this year, only ten were small or medium-sized companies.
However, this understanding has not trickled down to small and medium-sized businesses, and that is where I think the challenge lies now.
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Many small and medium-sized businesses took part in the survey this year, rather than the big multinationals.
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So there are small things, medium-sized things, and big things that this President has done and will continue to do, and will look forward to doing.
"Some theories say that small black holes in globular clusters should sink down to the center and form a medium-sized one, but our discovery suggests this isn't true, " said Daniel Stern, an astrophysicist at NASA's Jet Propulsion Laboratory in Pasadena, Calif.
The best example of this is Japan's continuing passion for protecting small- and medium-sized businesses.
We believe this was an opportunity to respond to concerns, particularly from small and medium sized businesses, that the current procurement process is still too complex and offers too few opportunities for local businesses to gain contracts from local public sector agencies.
But I do think that, although we've stabilized the financial system, one of the problems that we're still seeing all the time -- and I heard about it when it was in Allentown just this past week -- was the fact that small businesses and some medium-sized businesses are still feeling a huge credit crunch.
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This is naturally more difficult to do, however, if small and medium-sized businesses have maxed out on growth in the U.S., as described in my new book, Export Now, co-authored with Frank Lavin, they might consider seeking new sales in markets that are similar to the ones they already understand perhaps, these include Canada or Mexico.
Incapsula wants to offer this type of technology to a large market the 20 million small and medium-sized (SME) commercial web sites.
Meanwhile, in a survey conducted by the Federation of Master Builders, a third of small to medium-sized building firms said they feared they would have to cut staffing levels this year in the face of a continuing decline in the industry.
We get a sense of this from an article in the February 28, 2011 Nihon Keizai Shimbunon public lending to small- and medium sized enterprises (SMEs), from which the chart above is taken.
All this is particularly important in Italy, where firms are generally makers of traditional consumer goods, small or medium-sized, family-owned, dependent directly or indirectly on exports and, for reasons of geography and history, clustered together.
The meat and potatoes of this bond recommendation are that the new slimmed down, post-bankruptcy CIT is lending to small- and medium-sized businesses.
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