The short answer is “yes”. In 2014, Lease Europe surveyed 3,000 SMEs from 8 European countries and found that 51% used leasing, with this figure expected to grow. And there are many reasons why it’s growing in popularity. Here are the top 5.
Getting quotes from suppliers can be a tedious task – it often feels like there are more valuable ways to spend your time than negotiating with what seems like an endless list of suppliers.
By offering rebates, you can shift stock and boost orders without relying on up-front discounts. Rebates are a useful pricing tactic because your customer only gets the discount after making a purchase, or series of purchases.
Scalability. It’s the age-old problem small businesses face. You’ve established yourself in the market, built a customer base and identified new opportunities – but need to invest to capitalise on them. Maybe it’s a piece of equipment, bigger premises, product development, new staff or better IT systems.
Saturation. Competition. Lack of loyalty. These are obstacles businesses face in today’s fast-moving, digitally savvy age. So, in this challenging landscape, how do you differentiate your business, products and services to capture market share?
How do you achieve sustainable growth with minimal risk? You avoid these 6 common SME mistakes. Discover how to drive expansion in a competitive market. Keeping a small business afloat is challenging in today’s ever-competitive market. Expanding a business is a whole other challenge – especially for SMEs financing growth…
I was talking to a managing director recently, and he articulated something I hear frequently: When you run a small business, you spend so much time in the business you don’t have enough time to focus on the business. Do you know that feeling? You’re constantly firefighting, so you’re not…
In a small business, management is deeply involved in day-to-day operations, so they have their finger on the pulse. Plus, people are very busy wearing different hats. So why spend valuable time on business planning? To answer this question, let’s look at the difference between 2 often-confused words: ‘strategy’ and…
To ensure your business’ profitability and sustainability, you need to refine your operations, sales and marketing to maximise return on investment. SMEs have an advantage when it comes to continuous improvement because you’re generally more agile and open to change than your larger counterparts. And what better time to take…
