To SME Owners
YEP growth takes cash/ funds , go look into the following.
1 Get ride of your low margin products, which also have low sales volumes
2 Re look at your advertising budget/ promotion budget, can you reduce, depends on many things
ie how well known is your business brand, how long have you been in business, do you have to find more new clients each period, year etc vs current clients
3 If you have SBU's can you re allocate resources to areas that are having, need growth.
4 Obtaining outside funding.
5 And obviously from sustainable profits and cash management re your debtor's book and stock management.
Interesting
Till next time may the Force be with You
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