Implats’ Post

Do you want to become a competitive, profitable, new-normal SME? Read Dr. Sadaf Zahoor’s P-Insights report where she shares insights and recommendations to achieve business success in the new-normal era. bit.ly/3F4TXVh #APOPublications #productivity

If you represent a Canadian SME, you're not alone. In fact, almost 98% of Canadian businesses are small companies that together employ over 10 million Canadians and contribute over half of the country's GDP. If you are a SME that's concerned about the future, still you are not alone! Just as for many other SMEs globally, the future presents both risks and opportunities and it takes a new frame of mind, a new transformative approach to take advantage of opportunities to reinvent yourself and transform your business, whether through technology adoption, business process improvement or human capital management. If your business is at the onset of change or debating its options to transform and propel sustainable growth, reach out and let's have a conversation. Be bold, be brave. Don't just change: transform! #businesstransformation #smes #smallbusiness #transformation https://lnkd.in/gGtiABNu

Do you want to become a competitive, profitable, new-normal SME? Read Dr. Sadaf Zahoor’s P-Insights report where she shares insights and recommendations to achieve business success in the new-normal era. bit.ly/3F4TXVh #APOPublications #productivity

Do you want to become a competitive, profitable, new-normal SME? Read Dr. Sadaf Zahoor’s P-Insights report where she shares insights and recommendations to achieve business success in the new-normal era. bit.ly/3F4TXVh #APOPublications #productivity

Thomson Reuters White Paper “Leading Australian SMEs in 2023s Changing Economy.” “Looking forward, the new mantra for SMEs should be “The past has no future”. Key takeaways… SMEs must grow to survive All businesses, no matter what sector, need to keep moving, to adjust and adapt to changing market conditions Businesses need to: ✅ explore the potential of new markets ✅ engage in business planning and strategy development ✅ think about alternative sources of financing ✅ take advantage of government support programs ✅ build a strong network of contacts and mentors #businessadvisory #virtualcfo #businessgrowth #smemantra #Friday

Thomson Reuters White Paper “Leading Australian SMEs in 2023s Changing Economy.” “Looking forward, the new mantra for SMEs should be “The past has no future”. Key takeaways… SMEs must grow to survive All businesses, no matter what sector, need to keep moving, to adjust and adapt to changing market conditions Businesses need to: ✅ explore the potential of new markets ✅ engage in business planning and strategy development ✅ think about alternative sources of financing ✅ take advantage of government support programs ✅ build a strong network of contacts and mentors #businessadvisory #virtualcfo #businessgrowth #smemantra #Friday

Small and mid-sized businesses - SMEs play a vital role in the global economy, contributing up to 70% to employment and GDP. However, 67% of SMEs and mid-sized businesses are fighting for survival. This is partly because SMEs face intense short-term business pressures, limited expertise and resource constraints, which hinder their technology adoption. https://lnkd.in/dd8Uzqcz

Recent research conducted by Bibby Financial Services reveals that the current global economic conditions are exerting a substantial impact on small and medium-sized businesses. Read more here: https://bit.ly/3EKsdF0 SMEs play a disproportionate and pivotal role in fostering innovation, expanding into new markets, driving economic growth, and providing employment opportunities to millions. As we navigate these challenging times, SMEs stand as a critical component of our economic recovery. For a deeper understanding of how these small and medium enterprises contribute to the growth of economies, read our blog titled ‘A Path To Economic Recovery: SMEs’ Read our blog here: https://bit.ly/3CFKdiu

National SME day celebrates and recognizes businesses and enterprises that employ 250 persons or fewer. Micro, small, and medium-sized enterprises account for more than 90% of all businesses and around 70% of jobs worldwide! Did you know that 50% of the worlds gross domestic product comes from micro, small, and medium-sized enterprises, a huge asset to our economy! #NationalSMEDay2024

part 1 How to Reduce Dependency from America Introduction: Reducing dependency on American resources or products is a prudent step towards a more diversified and self-sufficient economy. This clever guide aims to provide practical and innovative strategies to help you decrease reliance on a single country and explore alternative markets. By diversifying suppliers, supporting local businesses, and investing in domestic industries, you can pave the way for reduced dependence on America. 1. Diversify Suppliers: a. Research and identify suppliers from different regions worldwide. b. Compare prices, quality, and reliability of alternative suppliers. c. Establish strong relationships and negotiate favorable terms with these global partners. d. Strategically allocate orders, ensuring a balance to reduce overdependence on a single supplier. 2. Explore Local Alternatives: a. Conduct market research to recognize local businesses that offer products or resources you need. b. Launch initiatives to collaborate with these businesses, fostering mutually beneficial relationships. c. Encourage the growth of local industries by prioritizing their products or services. d. Offer incentives or support schemes to promote innovation and competitiveness within local markets. 3. Promote Self-Sufficiency in Key Areas: a. Assess the core areas where overdependence on American resources exists. b. Identify potential opportunities for self-sufficiency and invest in key industries. c. Encourage research and development, aiming to develop domestic alternatives. d. Create partnerships with universities, research institutes, and entrepreneurs to drive innovation in these areas. 4. Support Local Businesses: a. Prioritize sourcing products and services from local businesses whenever possible. b. Engage in partnerships that support and uplift local economies. c. Encourage ethical and sustainable practices among these businesses. d. Educate consumers about the benefits of supporting local enterprises. 5. Invest in Domestic Industries: a. Identify industries with the potential for growth and reduced dependence on American resources. b. Allocate resources for research, development, and infrastructure in these industries. c. Support start-ups and entrepreneurs through funding programs and mentorship. d. Collaborate with government bodies and industry associations to create a favorable business environment.