SME’s Development
Small and medium-sized enterprises (SMEs) are the backbone of conflict-afflicted economies. Only in Afghanistan, for example, SMEs make up more than 90% of all Afghanistan businesses that provide two out of three private sector jobs in the region. Therefore, it is vitally important for these countries’ economic success to have fully functioning support measures for SMEs.
Challenges for SMEs are numerous, as they often face challenges that bigger companies are immune to. Over the years, the marketplace has become increasingly crowded and competitive. SMEs need to hone in on their individuality and present their product or service as unique. SMEs face challenges from limited access to finance, lack of databases, low R&D expenditures, undeveloped sales channels, and low levels of financial inclusion, which are some of the major reasons behind the slow growth of SMEs
SMEs are often led by a small team of individuals with little to no real management experience. For this reason, sourcing employees with adequate training in management & refined leadership abilities is key to success of SMEs.
Having worked with over 150 businesses over the last 10 years, we have gained a good perspective on the key challenges facing SMEs today. We focus on the requirements of SMEs and help them resolve both immediate and long term challenges with respect to the following:
