Far-sighted SMEs press on with expansion despite Covid-19
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DESPITE the uncertainties brought on by the pandemic, some small and medium-sized enterprises (SMEs) are not letting the crisis or their limited resources stop them from pursuing long-term expansion plans. With the aid of business advisers at the SME Centres and government support schemes aimed at helping firms expand and digitalise, local SMEs King of Prawn Noodles, SIS Premium Meats and JML Uniforms are forging ahead with plans to open new outlets and launch new business offerings to create additional revenue streams.
To mitigate the risks involved, they have examined their options, weighed the costs carefully and taken steps to ensure their best chances of success. They are confident that investing in the right opportunities and building up infrastructure during downtimes will pay off when they emerge on the other side of the pandemic stronger and better prepared for the upswing.
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