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Tag: SMEs

ACCESS TO BUSINESS FUNDING IS KEY TO GROWING YOUR RETAIL BUSINESS

ACCESS TO BUSINESS FUNDING IS KEY TO GROWING YOUR RETAIL BUSINESS

In the current climate, small and medium-sized retailers need to ensure they have the right tools and capabilities in place to not only attract new customers but to then provide an outstanding experience.   Intelligently leveraging business funding to invest in these resources can be the difference between competing effectively in a crowded and increasingly pressurised…

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SMES OF TOMORROW - TIPS TO DRIVE GROWTH IN 2022

SMES OF TOMORROW – TIPS TO DRIVE GROWTH IN 2022

Employing over half the workforce, driving significant growth in the private sector, and representing some 98% of all businesses, SMEs are the lifeblood of the South African economy. Experts speculate that Digital Transformation, COVID-19 awareness, shifting supply-chain trends, and operational optimisations, are among the key areas where SMEs can drive improvements, and thrive in 2022.…

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FIVE WAYS SMES CAN GEAR UP FOR A SUCCESSFUL BLACK FRIDAY

FIVE WAYS SMES CAN GEAR UP FOR A SUCCESSFUL BLACK FRIDAY

As South African businesses continue to face significant economic uncertainty, SMEs should consider how to improve their competitiveness and relevance during seasonal sales periods such as Black Friday on 26 November. According to Statistics South Africa, South African retail sales fell 4% year-on-year in 2020, indicating a contraction in Black Friday sales for last year.…

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GOOD CUSTOMER RETENTION TACTICS TRANSLATE TO BRAND LOYALTY AND PROFITABILITY FOR SMES

GOOD CUSTOMER RETENTION TACTICS TRANSLATE TO BRAND LOYALTY AND PROFITABILITY FOR SMES

There is a good reason why the saying goes “first impressions last” and this is particularly important for small businesses. Once they’ve connected with a new customer, businesses should focus on offering high-quality delivery over the long-term. It begins with a client's first interaction with businesses or brands and continues throughout the lifetime of the…

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THE VALUE OF DIGITAL TRANSFORMATION FOR SMES

THE VALUE OF DIGITAL TRANSFORMATION FOR SMES

Digital Transformation refers to the overall change of organisational activities aimed at leveraging opportunities created by digital technologies and data. This requires companies to profoundly transform their business models, infrastructure, processes and culture, in order to steer them toward finding new sources of customer value. The use of digital technologies has transformed commerce and how…

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