SMES SHOULD ALSO INVEST

IN DIGITAL

TRANSFORMATION , AS EMBRACING DIGITAL TOOLS CAN INCREASE OPERATIONAL

EFFICIENCY . fastest growth in two years , with the economy growing by 0.6 % between January and March .

So , what can SMEs do ? What support is available ?

In light of the various challenges faced by SMEs , it ’ s imperative for them to explore available support systems and strategic approaches to help them navigate periods of complexity .

Being part of a network or community dedicated to supporting start-ups , scale-ups and SMEs on their business journey can be beneficial for those looking to grow and navigate any challenges .

E2E offers a wide variety of support services for businesses in this market , ranging from advice on key areas such as legal , marketing , taxes , accountancy , insurance , tech and data , as well as connecting businesses with NED advisors , or preparing them for investment .

Additionally , consider leveraging the support of government programmes and schemes that have been specifically designed to support SMEs , such as tax relief , grants and subsidised loans . Being aware of these programmes can provide both relief and support in times of growth and expansion .

SMEs should also invest in Digital Transformation , as embracing digital tools can increase operational efficiency , whilst investing in e-commerce platforms , digital marketing and data analytics can help SMEs reach broader audiences and adapt to changing market demands more swiftly .

By accessing the correct support , being aware of the state of the market and geopolitical events and embracing the technology of the future , SMEs can ensure their survival in difficult times , whilst also giving them the foundations to thrive in 2024 and beyond . �

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Intelligent SME . tech