SME Solutions for Digital Transformation
A few common themes crop up when we talk with SMEs today who are trying to balance growing their business in ever-shifting economic environments:
How important is profit to your SME?
Whilst profit is a major focus for any organisation, it’s smaller and medium sized enterprises that are so much more reliant on generating and growing their margins to remain viable, particularly in challenging economic environments. It might be easy to assume, therefore, that they are more risk averse, or don’t make the same investments as their more…
3 ways to improve HR capability with Budget 2015
My name is Steve Koh, founder and managing director of AG Net (a cloud based HR software provider). Like many SME owners in Singapore, one of the key challenges that I have faced over the last few years is human resources (or the lack of them!)
How Many Ways Can My Business Scale?
The aim of any organisation is to achieve the ‘next level’ of growth, particularly amongst SMEs. More profit, bigger offices, increased headcount etc. are all the usual measures by which we assess how ‘big’ a company is and how far it has reached. At some point along that journey, SMEs might look to expand their…
Can SMEs Afford SAP?
This post was previously published on 29 August 2014. For more up to date information on the PIC scheme and other budget initiatives, please refer to our most recent blog post on Singapore Budget updates, with the latest available information from IRAS. For the full details, visit the IRAS PIC site. Last week, we posted…
Are SMEs Lagging Behind with Lead Generation?
Successful SMEs need to consistently overcome challenges to retain their spot in the market; from sourcing the best quality raw materials at the best price, to ensuring their cash flow remains at optimum levels. Probably the biggest challenge faced by SMEs, however, is the generation of demand for their products or services and the creation…
Let’s Unravel your Intercompany Processes
Growing your SME will probably mean that your organisation needs to open new offices, plants, locations etc. to meet the needs of your global customers and to keep costs down. Such growth will also bring with it a review of your processes, particularly in sales and inventory; to ensure that optimum fulfillment rates are reached…
Why SMEs Need to Plan and Budget Better Than Bigger Companies
All successful businesses know that the tasks of business planning and budgeting can be stressful if not handled properly: What if we don’t generate enough revenue? What if we can’t retain our competitive advantage? What if our major supplier increases their costs? For SMEs, such concerns can be debilitating, if they become a reality. Even…
Growth Hacking 101
Whilst there has been a lot of buzz surrounding ‘growth hackers’ since the term was first coined by Sean Ellis in 2010, particularly in the tech startup field, mainstream use and implementation of growth hacking is only just beginning to come to the forefront.
How Do You Meet (and Exceed) Expectations?
SMEs often struggle to keep everyone happy when growing their business; customers, colleagues, employees all have different demands that are constantly changing and this can put a lot of pressure on the leadership team.