Since the Covid-19 pandemic hit, consumers have had to change some of their buying behaviour by purchasing food and clothes online as much as they can. For business, the competition is tougher than ever and it’s no longer acceptable to provide customers with subpar products or services.
The fusion of technologies in today’s society has brought about a new age and big changes for many small businesses. While many larger businesses and corporations are riding on the 4th Industrial Revolution, it’s our small enterprises that are facing the challenges of going digital. Digital changes and transformations which used to take years are …
Running your own business is not always an easy job, especially when you have to compete against larger and already established businesses. Despite working in the same industry, SME’s and large businesses have significant differences. SME does not only differ in size but most of them have different business goals in minds, finance structures, and market niches.
Representing a majority of enterprises in all economies, small businesses continue to constitute a vast amount of a country’s employment virtually worldwide. However, with limited access to finance and a majority of small businesses in South Africa generating revenue of less than R200 000 annually, a lot of SME’s are now struggling in the country.