Ventureburn’s Post

“True measure of a business is in it’s dedication to safeguard the well-being of it’s workforce” - Miguel Da Silva, Managing Exec at Retail Capital. The unemployment problem South Africa faces is not unique - Eswatini and many other African countries are in the same boat. SMEs growth and prosperity is not only a long term solution but the most impactful - especially at grassroots level. If you’re an entrepreneur, add to your knowledge basket the great lessons and advices shared in this article. Wishing you a prosperous 2024!

⚡ Why SMEs Matter For the UK ⚡ This is a post on a topic very close to my heart...... According to UK Government figures, the number of private sector businesses in the UK, at the start of 2023, was 5.6 million. Now, here are some interesting facts, hidden in that overall statistic: ➡ 99.9% of those businesses were SMEs! ➡ SMEs employ over 61% of the UK working population ➡ SMEs generate over 50% of all UK sales turnover ➡ SMEs generate a very significant slice of UK exports (>25%) It has, therefore, never been more important for the UK to support its SMEs. 🆘 Without its SMEs, the UK would be bankrupt. 🔥 SMEs are vital to the UK economy; they drive growth, provide employment and open new markets. 🔥 SMEs generate huge economic and social value; they are a glue that holds the country together. 🔥 SMEs are key to increasing the UK's productivity, which has continued to fall in recent years. 🔥 SMEs are hothouses of innovation, talent, agility and responsive customer service. 🔥 SMEs support local economies and bring prosperity to areas outside of our main cities, which facilitates the more equal distribution of income and wealth. “A big business starts small.”  — Richard Branson “Whenever you see a successful business, someone once made a courageous decision.”  — Peter F. Drucker #entrepreneurs #enterprise #inthenationalinterest #SMEs

Why do many #SMEs find it challenging to grow their business? 🤔 Ryan Williams from the Australian Centre for Business Growth says SMEs often hit a growth ceiling of around 15-20 employees and $5M in revenue! Here are a few reasons why: 📚 Planning limitations: A vision for the next 3-5 years is often missing, which can hinder sustainable growth 🌴 Lifestyle over business growth: Entrepreneurs prioritise personal lifestyle or legacy over expansion 📊 Business diversity: Stagnation limits the diversity of Australian industries essential for global competition Looking to break through barriers to growth? Check out Ryan’s full article here Business News Australia Pty Ltd 👇   https://lnkd.in/g_RTpFRu #SMBs #AustralianBusinesses

Why are so many of our SMEs not growing from small to medium size? 🤔 We know that some business owners start out with a passion to grow and succeed but failing to plan for three to five years (or longer) down the line can have an impact. Other times, entrepreneurs decide instead to manage their company to support their lifestyle or maintain a legacy to pass to their children. Few of them understand how to capitalise on growth opportunities by creating a valuable venture that continuously expands its services, creating much more substantial and sustainable growth in jobs and profits. With this in mind, our director Ryan Williams takes a deep dive into the topic in Business News Australia Pty Ltd and gives his top three factors holding SMEs back from growth. Find them out 👇 https://bit.ly/3Ti3xLO #CentreForBusinessGrowth #BusinessGrowth

According to the latest Business Barometer from the Canadian Federation of Independent Business, nearly half of small businesses cite insufficient demand and a shortage of skilled labour as factors limiting their ability to grow. Canadians are tightening their budgets and skilled workers can't find a place to live. Common Sense Conservatives will #AxeTheTax, fix the budget, and build the homes to bring home lower prices and an environment where small businesses can innovate, grow, and thrive. #smallbusiness #cdnpoli #entrepreneurs REPORT: https://lnkd.in/eH6_fqqf

Are you experiencing a labour shortage? So do 35.3% of entrepreneurs in the Netherlands! They consider it the most important obstacle to their business operations ☝ Want to know what other obstacles entrepreneurs experience in Q1 2024? Read more ➡️ https://lnkd.in/dZtWyjx9 #businessgov #COEN

Are you experiencing a labour shortage? So do 35.3% of entrepreneurs in the Netherlands! They consider it the most important obstacle to their business operations ☝ Want to know what other obstacles entrepreneurs experience in Q1 2024? Read more ➡️ https://bit.ly/435hSi8 #businessgov #COEN

Attention Australian small businesses! 🚨 Are you struggling to keep up with your counterparts in the Asia-Pacific region? 🌏 Check out this eye-opening article from CPA Australia 's annual survey, highlighting the challenges and opportunities for SMEs. 💼 Don't miss out on vital insights and advice from industry experts such as Gavan Ord on how to adapt and thrive in this fiercely competitive landscape. 💡 ------------- Join our newsletter for expert insights and advice on adapting and thriving in the competitive business landscape: 🆓 https://lnkd.in/gev_UBwT 🆓 ------------- #SMEs #Australia #AsiaPacific #Entrepreneurship #Technology #Adaptation #Report

Are you experiencing labour shortage? So do 36.5% of entrepreneurs in the Netherlands! They consider it the most important obstacle to their business operations. Want to know what other obstacles entrepreneurs experience in Q2 2024? Read more ➡️ https://bit.ly/435hSi8 #businessgov #COEN

BUSINESS LEADERS EXPECT ECONOMIC HEADWINDS TO CONTINUE: TEC CANADA After a tough 2023, a majority of 417 CEOs of Canada’s small and medium-sized companies don’t expect much respite this year. Cost pressures remain a challenge and most say they will increase prices for goods and services in 2024 to maintain profitability, according to the latest quarterly CEO Confidence Survey by TEC Canada. Full story: https://lnkd.in/g43zCeYm #business #news #smallbusiness #entrepreneurs #entrepreneurship TEC Canada Todd Millar