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The importance of financial acumen

It will better equip SME bosses to lead and overcome challenges at various stages of business growth.

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"SME bosses who are more financially savvy are likely to probe, research and organise information to analyse the feasibility of taking on the new business and secure the required financing way ahead." - Ms Quek (above)

A SMALL and medium-sized enterprise (SME) receives an inquiry from a large multinational company with the opportunity to secure a new project that will contribute to a 50 per cent increase in revenue. On the flipside, said SME will have to invest in larger facilities and employ more highly