Abdullaev Mirfozil Mirmaksudovich,
independent researcher
Email: [email protected]
Abstract: Issues of small business development in Uzbekistan, as well as determine the place of small business in the further development of our economic potential. Analyzing the foreign and domestic experience of small business development, faster adaptation to local economic conditions compared to large business, independence of actions of small business entities, flexibility in decision-making and implementation, and relatively low costs in the implementation of effective activities, demonstrating the ability of a person to realize his ideas. advantages such as the presence of an excellent opportunity to achieve, low initial capital requirements and the ability to quickly introduce changes in the production processes of products in response to the requirements of local markets are reflected. In addition, the article examines the role of small business and private entrepreneurship in the development of the national economy, as well as the development trends of its branches. Summarizing the Scientific Journal of “International Finance & Accounting” Issue 5, October 2022. ISSN: 2181-1016 collected foreign and local experiences, suggestions and recommendations were developed for the further development of this sector in the future.
Key words: small business, private entrepreneurship, efficiency, sustainable development, development strategy, flexibility, forecasting