{"id":61460,"date":"2024-12-24T09:00:04","date_gmt":"2024-12-24T08:00:04","guid":{"rendered":"https:\/\/www.viafirma.com\/?p=61460"},"modified":"2025-06-30T12:31:20","modified_gmt":"2025-06-30T10:31:20","slug":"sme-in-colombia","status":"publish","type":"post","link":"https:\/\/www.viafirma.com\/en\/sme-in-colombia\/","title":{"rendered":"Your SME in Colombia, in its best version"},"content":{"rendered":"

If you read us from Colombia, you will know that, according to Law 590 of 2000<\/a>, companies in Colombia are classified into micro, small, medium and large companies, according to their size and economic capacity. However, small and medium-sized enterprises (SMEs) are the engine of the Colombian economy. In fact, micro, small and medium-sized companies in Colombia represents 99.9% of the total number of companies in the country (BBVA Research<\/a>).<\/p>\n

However, on a daily basis, SME in Colombia face challenges that translate into lower efficiency and productivity. But, do not panic: digital solutions can reverse this solution. Today, we offer you an overview of SMEs in Colombia and a series of tips, so you can boost their profitability.<\/p>\n

What do SMEs contribute to the Colombian business fabric?<\/h2>\n

In Colombia, SMEs are fundamental to the country’s economy for many reasons. Among them, they stand out for their capacity to generate employment<\/strong> (close to 80% of national employment), contribute to the Gross Domestic Product<\/strong> (generating 35% of GDP), foster innovation<\/strong> and competitiveness<\/strong>, promote regional development<\/strong>, diversify the economy<\/strong>, their capacity to adapt<\/strong>, promote the culture of entrepreneurship<\/strong> and contribute to economic reactivation<\/strong>.<\/p>\n

Digital transformation is not free of challenges<\/h2>\n

However, many SMEs in Colombia face challenges in digital transformation<\/strong>, either because of:<\/p>\n