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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Mindy Tan
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 skilled employees as part of preparations to take on the job.
If you were the SME in question, would you take on the job?
Chances are, most companies will just charge up the hill as the 50 per cent increase in revenue from a reputable client is too tempting to resist, says Doreen Quek, director of Stone Forest Corporate Advisory Pte Ltd, the advisory arm of of RSM Chio Lim.
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