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SME survival tips

Alliances may be the secret to SME success.

Published Thu, Nov 27, 2014 · 09:49 PM
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THE business landscape in any economy is characterised by the presence of thousands of small and medium-sized enterprises (SMEs). They are often involved in a range of activities - from low-technology to high-technology manufacturing - and also in various kinds of services. SMEs generally account for a good proportion of economic growth and employment.

However, it is common knowledge that the mortality rate of SMEs is high - which begs the question: What strategies can improve the odds of SME survival and good performance?

Just as there is no one formula for success in life or business, there is no one formula for SME success. But there are a few paths that SMEs can take to improve their chances.

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