Small and Medium Enterprises Resources
Key Challenges Facing Small Businesses in 2020
Executive Analysis Report
Working with small businesses for many years, we have identified a set of issues that are recurrent as major problem areas with very important impact to their profitability and long-term sustainability.
As in any major illness, being able to recognize and understand those symptoms, or problems in the case of businesses, is the first step. Being aware that something is not functioning well and that something needs to be done quickly is the beginning of the solution of the problem.
In this Executive Analysis Report we describe what we consider are the most important problems faced by Small Businesses today.
We devote one chapter to each one them, explaining the problem, its common causes and possible actions to overcome them:
- Cash flow problems,
- Shortage of qualified people,
- Productivity gaps,
- Lack of Management skills,
- Coping with technological change and disruption and
- Finding and retaining profitable customers.
Create awareness was our main goal when we wrote this Report. We hope you find the information easy to understand and valuable to your business.