Business News Daily has recently published the top ten challenges facing small and medium businesses today.
Leading business experts concur that rapidly changing times are putting pressure on businesses to adapt to new technologies and marketing channels in a very short space of time. Pressure is mounting on business owners personal time to tackle growth single handed in uncertain times, where making the right decisions about the future is difficult.
Here are 3 of our Top Ten:
- Managing uncertainty (the ability to manage business and customer trends in order to keep abreast of a changing market and business)
- Financial Management (Being able to see the big picture and be adept at managing cash flow, profitability, cost reduction, supply chain, etc.)
- Monitoring performance (Insights into key performance indicators, how the business is doing and making the right decisions to make adjustments by area of business).
To read how one small business owner made the most of technology to grow his business whilst saving time, click here.
