Author(s): Leonid A. Zhigun, Ivan V. Morozov,Maxim S. Sokolov,Ruslan A. Abramov,Meir N. Surilov
Aim of the study: A network of small and medium-sized businesses operating in priority sectors will also contribute to the balanced development of individual regions and the creation of a positive image of the country, and consequently, economic growth. However, recently there has been a concentration of the largest number of small businesses in the field of trade. This is due to the fact that now only trade is able to provide an optimal combination of financial resources and business risk. Methodology: Therefore, from the point of view of the entrepreneur, this situation is justified: the need to invest funds is compensated by a guarantee of their return with the lowest risk for the business entity. For example, in the industrial sphere, it is possible to achieve priorities in the development of production sectors by attracting financial resources for scientific and technological purposes by these business structures, which will allow effective use of public funds by implementing regional development programs; produce high-tech innovative products using the advantages of the small business sector. Conclusion: The specifics of entrepreneurship determines the need to develop new types of products and forms of organization of production activities and sales markets. This simultaneously involves innovative solutions in the organization of production processes for the production of individual components for domestic industrial enterprises with a focus on innovation and systematic and targeted innovation activities of small businesses. In this case, innovation processes are an integral part of the production and economic activities of both types of business entities. They are focused on updating and improving their production capacities through improving organizational and economic relations.