Small and medium businesses (SMBs) are the engines of growth that drive the global economy. They provide employment to thousands of people, bring economic independence to local communities and help achieve income parity in societies. Despite their importance in the global economy, small and medium businesses all over the world face innumerable hurdles like government apathy, unfriendly tax policies, complex regulatory guidelines and non-availability of funds.

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Business Strategy

In our last post, we highlighted the fact that the first six months of the financial year are gone and for many SMEs nothing went as planned. We thought a second post on the same must follow as this topic is very important. A year of revenue lost can never be recovered. We are not happy with many entrepreneur friends who did not plan a yearly strategy for their business, leave aside sharing and motivating teams and expecting results from them. If we have failed to plan on the numbers our business should achieve this year, we should be hurt. And then take corrective measures.

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