BANGKOK, 5th November 2013 ABAC poll, in cooperation with the Institute for Small and Medium Enterprises Development (ISMED), has conducted a survey on the success and happiness of Thai SMEs.
According to the poll, conducted among 274 entrepreneurs in October 2013, 74.5% of the respondents admitted that the factors towards success, especially in the current economic situation, was having good business alliances; 73.7% stated that success was a result of good strategy planning; 58.8% gave credit to sufficient sources of capital, and 39.1% believed that having a good financial consultant led to business success.
The factors that led to stress and lowered happiness levels of entrepreneurs included political uncertainty, national conflict, corruption, global economic slump, and Thai economy; at 75.5% , 69.3%, 63.5%, 52.2%,and 43.8% , respectively.
According to Suwanchai Lohawatanakul, President of the ISMED, there are currently 2.65 million SME entrepreneurs in Thailand, accounting for 99.8% of all enterprises and creating employment for 11 million people– 83.9% of employment for the whole nation. SMEs also account for over 29.9% of the country’s exports, bringing in revenues of 3.86 trillion baht.
