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Friday 1 March 2013

SMALL AND MEDIUM BUSINESSES HOLDS THE KEY TO ECONOMIC GROWTH OF ANY NATION

Simple business solutions is very vital in every organisation. Be it small scale, medium scale and big businesses they all need the simple steps of day to day business solutions. In every micro and macro economic recovery and growth, the role of small and medium scale business is hugely noticeable in the reflections of government policies regulations. Small and medium scale business are the bed rock of economic growth. Hence the attention given to it by any government who can foresee its economic growth in the viable future.
 
Simple business solutions like proper business planning, good marketing strategies, strong sales force, proper book keeping and accounting, strategic financial accounting, positioning, proper debt management, proper change managements, good or close forecasting, budgeting and cash flow management, flexible source of funding, good customer services, strong internal marketing, good relationship managements and of course business continuity or strong going concern.
 
All the above elements are also associated with big organisations but the emphases here is to encourage small and medium business reach their goals as they play a vital role in the straightening the economy from plunging down into recession.
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