Small and medium-sized enterprises (SMEs) are the backbone of the British economy. But leading an SME presents unique challenges. Beyond technical expertise, successful leadership hinges on fostering a thriving team environment and navigating a dynamic marketplace. Here, we explore five powerful traits that propel SMEs
For a salesperson, there is nothing worse than spending days pursuing a lead only for them to back out at the last minute or disappear without a word. A lead may have previously shown interest and seemed eager to learn about your products, asking thoughtful,
The valuation of a business reflects its position in the market, its past performance and future potential. But valuing Small and Medium Enterprises (SMEs) can be challenging as each business is unique and positioned differently on the business life cycle. This article, the second in
The financial services landscape is undergoing a seismic shift. Technological advancements are reshaping customer expectations, regulatory demands are evolving at breakneck speed, and competition is fiercer than ever. In this environment, navigating the path to success requires a strategic blend of robust security, operational efficiency,
Redundancy is a complex process that requires careful consideration and planning. Redundancies can be difficult for both employers and employees, and if not managed properly, can result in negative outcomes such as low morale, decreased productivity, and legal implications. To avoid the common pitfalls of
The traditional high street faces an undeniable challenge in 2024. With online giants dominating and consumer habits shifting, Australian small businesses in towns and cities need to adapt and innovate to thrive. But fear not, enterprising store owners! A dynamic retail landscape offers exciting opportunities
In the dynamic landscape of Australian small businesses, the significance of customer experience cannot be overstated. In an era where consumers are empowered with an array of choices and platforms to voice their opinions, cultivating a positive and memorable customer experience is paramount to not
In today’s increasingly conscious consumer market, Australian small businesses face heightened scrutiny regarding their ethical and sustainable practices. This extends beyond their own operations and reaches across their supply chains. Consumers are demanding transparency, accountability, and responsible sourcing, making it crucial for small businesses to
The terrible floods and storms causing great trauma for parts of the country should be a red alert for small business to be prepared for natural disasters, warns the Australian Small Business and Family Enterprise Ombudsman, Bruce Billson. Mr Billson said the overwhelming majority of
We asked our contact centre agents what the most asked questions are from people wanting to start a business. Starting a business is an exciting time, but it does come with challenges. To help answer some questions you may have, we asked our contact centre
Small Business Connections (SBC) is a media platform that delivers targeted content, news, industry reports, trends and tips to business owners, entrepreneurs, startups and stakeholders in the SME sector.
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