Thursday, May 24, 2012

SMEs - global growth crisis - opportunity or not?

The global financial/growth crisis appears to get worse every day. There is not a day that someone claims SMEs are becoming negative about the future as a consequence. Is this necessary? No! SMEs are small, nimble and innovative. If this is true, then surely they will never have a better opportunity to exercise these attributes to find new opportunities? I have never seen so many new opportunities arising as I have as of late. Yet, people generally do not. Open the mind. Look outside your industry sector. There are so many new industries springing up. Why not a change? When things are tough SMEs are often able to offer large businesses more cost-effective solutions, simply because they have a lower cost base. Anyone who claims to be an entrepreneur cannot but be overwhelmed with all the new opportunities. They are there aplenty. Do not allow naysayers to make your thinking negative. Research shows that businesses that are generally formed during these "difficult" econ0mic times generally do much better than those that evolve during "normal" conditions.

No comments: