THE IMPORTANCE OF SMALL BUSINESS AND ENTREPRENEURSHIP IN THE ECONOMY

Аннотация

The problems in a comprehensive strategy to support the development of small business and entrepreneurship from the perspective of the institutional approach are explained. Key words: small business, private business, efficiency of an infrastructure, employment, system of support of business, factors of an infrastructure. Despite the intensification of activities to stimulate the private enterprise sector, the effectiveness of government actions to support small businesses does not always correspond to the efforts made. The uncoordinated focus of actions related to meeting the needs of the region determined the task of forming a management system for small business support bodies, the solution of which is necessary for the successful development of this sector of the economy. The following conceptual approaches should be taken into account to stimulate the formation and development small business ties:  provide not only conditions for the functioning of the system of small enterprises operating on the basis of various forms of ownership, but also their effective and sustainable development;  to be a dynamic system that promotes the emergence and establishment of new partnerships interacting with its components;  be adequate to the level of development of small businesses and the needs of business structures, taking into account their sectoral and functional specialization;  be accessible to all business structures (according to location the cost of business services and their quality, awareness of real opportunities, etc.) and provide opportunities to solve the most important problems of small business development (access to information networks, to provision of property and information support, personnel decisions problems, financial and tax consulting, etc.) Based on this, we have formulated a strategy for the management system of small business support bodies, which consists in creating providing favorable conditions for 374 the development of small businesses in Uzbekistan. Based on business process reengineering, we will determine the conditions and factors that have a direct impact on the successful development of small businesses. The function of researching and updating the regulatory framework is carried out by the small business support infrastructure bodies. Management is carried out on the basis of current legislation, small business support programs and methods of analysis and research. The result of performing the function is a developed strategy and an updated regulatory framework. At the first stage, accumulated information is used to formulate a strategy. The periodically adjusted regulatory framework and action strategy govern the remaining functions. The strategy represents the most fundamental and important guidelines, plans, intentions aimed at the development of small businesses. The function of coordinating and motivating the activities of small business support bodies involves the development of a motivating model for their activities. At this stage, missing, weak, and duplicating functions are identified. The identified functions and activities of the support bodies are then coordinated, taking into account horizontal and vertical integration, resulting in a modified structure. In addition, it is necessary to motivate business support bodies. This should be facilitated by a motivating model. The model represents the influence of motivating factors on improving the activities of small business support bodies. In this regard, coordination and motivation Innovation policy should be aimed at the development of small businesses. The function of promoting the attraction of innovation is carried out by entrepreneurship support bodies. In addition to the above regulatory factors, there are criteria for evaluating investment projects. The result of this function is new products, goods and services. Profit is generated through the commercialization of innovative ideas. Function of protecting the interests of entrepreneurs. This function is carried out by the regional branch of the chamber of commerce and industry. Small business support infrastructure bodies must be involved in the implementation of all functions. Thus, taking into account the structure of a detailed model for supporting small businesses, it is possible to develop programs of priority measures aimed at creating favorable conditions for the development of small businesses. The main direction of integrating the interests of small business and the banking sector should be strengthening their relations on a bilateral basis. The model we propose requires a change in the traditional ideology of relations between a bank and a small 375 enterprise. These relationships presuppose the presence of clearly formulated and formally closed captive principles and obligations at all points of intersection of economic interests. Any process of successful regional development of small business does not happen on its own. Both successes and