Why eCommerce is a Must for SMEs
eCommerce is transforming trade. Currently, eCommerce comprises around 12% of the world goods trade and it’s increasing annually. There is powerful growth potential in some populations segments. In India, only 15% of residents have internet access. Customer access will grow as telecommunication availability expands. Online business platforms ... Read More
July 31, 2018 eCommerce, small business, SME, SMEsWhat are your SME New Year’s Resolutions?
It’s not just individuals who should take time to reflect and make New Year’s resolutions for the year ahead. Making New Year’s resolutions can be a great way to motivate SME managers and staff alike to make 2018 a memorable, successful year in business. The following article provides a few resolutions that SMEs should consider […] ... Read More
February 9, 2018 small business, SME, SMEsUncovering the Hidden Costs of Small Businesses
Setting out to start your own business is ambitious and exciting. With ideas and dreams fuelling motivation, it’s easy to get enthusiastic about your new found freedom. After all, there is so much potential a new endeavour can bring. In order for a small business to develop and prosper, it needs to have strong financial […] ... Read More
January 29, 2018 business challenges, business costs, inventory stock, small business, SME, SMEsWorld Wide Web Wednesday #20
Whether you need some lunch time reads or something to get you past hump day, we’ve curated five links you’ll enjoy! The solution for warehouses bursting at the seams Automated storage, once a luxury, has emerged as an ideal solution for those struggling to cope with strained storage systems. Automated storage cuts storage space by […] ... Read More
January 24, 2018 automated inventory control, best of the web, e-commerce, inventory management, roundup, SMEs, world wide web wedSeven Tips for SMEs to Boost Efficiency
Whether your business is a small challenger in a big market or a major multinational firm, operating efficiently is critical for growth and long-term survival. Businesses of all sizes are investing in continuous improvement; however, unlike large businesses, SMEs cannot delegate this work to a specialised team or outsource it to consultants. As a s ... Read More
January 10, 2018 business efficiency, small business, SME, SMEsAn Optimistic Outlook for SMEs in the US
Small and Medium Sized Enterprises (SMEs) dominate businesses in the United States, and contribute significantly to employment rates. Fortunately, according to the inaugural American Express Global SME Pulse, American SMEs are feeling optimistic about business prospects in 2017 and beyond. This article examines current trends for SMEs in America, a ... Read More
December 27, 2017 America, SMEs, US, USALooking at SMEs in New Zealand
Small and Medium Sized Enterprises (SMEs) play a major role in the development of the New Zealand economy. SMEs dominate New Zealand industries, generate employment and contribute to the country’s GDP. This article examines the key trends for SMEs in New Zealand as well as prospects for the future. The article also addresses challenges that [&hel ... Read More
December 27, 2017 New Zealand, NZ, SMEsSME Food Producers and the Grocery Price Wars
Product pricing strategies can be a mystery for many businesses. Pricing is a critical decision for a business to make; the price at which you sell your products is one of the biggest determinants of your revenue and profitability. Strong price competition between grocery retailers is pushing down price expectations. The external landscape can be [ ... Read More
December 12, 2017 GB, pricing, SMEs, USHow To Reduce Costs For A Small Business
Reducing the costs in your Small to Medium Enterprise (SME) is a way to fast track business process improvement. Implementing the right cost reduction strategies and techniques can result in immediate savings and can affect long term profitability. It’s crucial to understand that reductions in costs can come in various ways. Evaluate your profit ... Read More
December 5, 2017 business costs, SMEsLooking to the Future: UK Small Business Confidence
UK business confidence has seen better days. Small businesses are increasingly concerned about their long-term prospects, signalling concern for the wider UK economy. In June 2017, the Federation of Small Businesses noted the first real dip in business confidence since the Brexit referendum in June the year earlier. As Brexit draws nearer, that dip ... Read More
November 21, 2017 GB, SMEs, UK, united kingdomChallenges for Small-to-Medium Sized Enterprises
Challenges for Small-to-Medium Sized Enterprises (SMEs) can be numerous, as they often face challenges that bigger companies are largely immune to. In this article, we outline the main challenges that SMEs may face, and offer some tips on how to overcome them. Funding Access to funding is possibly the largest challenge faced by SMES. According [&he ... Read More
November 20, 2017 inventory management, SMEsThe Challenges Facing SMEs
Small business managers and owners often take on multiple roles. Depending on the size of the organisation, they can be accountable for budgeting and finance, inventory management, day-to-day business operations and the responsibility for staffing and human resources. Often owner/managers set up businesses based on interests or expertise in a speci ... Read More
November 18, 2017 inventory management, SMEs, supporting SMEsHow Small Businesses Can Use Peer-to-Peer Lending
A new trend is rising, changing the way people can are securing financial needs. This new trend gives both individuals and businesses an alternative source of financing. So what is this method? It’s peer-to-peer (P2P) lending and it’s is gaining momentum. P2P provides a new platform for helping people secure loans. Small businesses and budding ... Read More
November 14, 2017 business capital, small business, SMEs, supporting SMEsEfficiency is attainable for any SME
For any business, it is important to remain competitive. In order to stay competitive, it often means becoming a more efficient business on the whole. There are a variety of different strategies and resources to utilise to create a more efficient business. Fortunately for large corporations, they often have access to a plethora of resources [&helli ... Read More
November 11, 2017 business efficiency, small businesses, SMEsFive Ways Inventory Management Improves Customer Satisfaction
Customer satisfaction is crucial for small and medium sized businesses. SMEs are constantly searching for new ways to improve customer service, guided by the knowledge that satisfied customers are typically a loyal, long term stream of revenue. Although innovation is important, getting the basics right is often overlooked in the battle for increase ... Read More
November 10, 2017 customer satisfaction, inventory management, small businesses, SMEs, stock controlKeeping Pace? The State of US Small Businesses in 2017
Small businesses are a crucial part of the US economy; with almost 30 million small businesses operating in America today, small businesses are at the heart of America’s economy. Small businesses comprise over 90% of all employer firms, employ almost half of this country’s workforce and create roughly 60% of all new private sector jobs. [&h ... Read More
November 10, 2017 America, small business, SMEs, trends, US, USASmall Businesses Reap Big Benefits by Reducing Costs
Reducing costs in a small business is one of the many ways you can improve how effectively a small business operates. It’s important to take the time to step back and look at where you can make savings. By changing old techniques and implementing new strategies, you will not only see savings in the short-term, […] ... Read More
November 10, 2017 business costs, small business, SMEsA portrait of manufacturing in Australia
The world endured two significant hits on industry and manufacturing in 2001 and 2008 when the global recessions occurred. Australia was no different, and unfortunately these times stung manufacturers who had purchased new equipment and invested in production processes in good faith only to find their investments took years to pay off. A closer loo ... Read More
October 23, 2017 AU, Australia, manufacturing, SMEs, trendsGetting it Right: Three IT Challenges for Small Business
This year has proven volatile so far for small and medium sized enterprises (SMEs). As small businesses fight for higher revenue and market share, one of the key hurdles is underperforming IT. SMEs are not the only victims of poor IT implementations – inefficient and unreliable IT is a limiting factor for many larger businesses. […] ... Read More
October 19, 2017 business challenges, inventory management software, SMEsTop Three Trends for Australian SMEs
The good news is business confidence is on the rise for Australian SMEs, however consumer confidence is in decline. Moreover, cashflow remains a problem. This article will shed light on research highlighting the latest trends for Australian SMEs for 2017. 1. SMEs’ business confidence Many SMEs are confident about the future, this is supported ... Read More
October 16, 2017 AU, Australia, small business, SMEs, trendsFunding UK’s Small and Medium Sized Businesses
Small and Medium Sized Enterprises (SMEs) are a vital component to the economy of the United Kingdom. In fact, SMEs account for at least 99% of the businesses in every main industry sector. SMEs make up a significant portion of the private sector in the UK, and this article seeks to examine their key characteristics […] ... Read More
October 11, 2017 business costs, GB, inventory management, SMEs, UKBoosting Efficiency For SMEs
Smaller companies may face productivity challenges that larger businesses may be mostly immune to. Since having adequate funds is usually a key challenge for Small and Medium Enterprises (SMEs), it is essential that they make their business as efficient as possible in order to maximise productivity and minimise costs. While large corporations have ... Read More
October 10, 2017 business costs, business efficiency, inventory management software, small business, SMEs