Questions

What’s the biggest challenge when competing with big brands for SMEs?

1answers

Funding and a unique business strategy that is ruthlessly focused on key strengths and opportunities. Without funding an SME will be muscled out of the market through price wars, new technology, etc. And if an SME has access to funding, but without a meticulous effort to focus its key strengths on its corporate advantages, market gaps, and customer needs (beyond their product or service), it will remain less competitive.


Answered 7 days ago

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