Challenges
Small Enterprise|May 2018

 Challenges That SMEs Face For Growth

Challenges

SMEs are forming a major part of the current emerging economy. With increasing global attention, MSMEs and SMEs have shown tremendous growth.However, their significance notwithstanding, there are challenges small organisations face during growth phases.Though growth is possible anytime, despite anything, it won’t happen-until it’s made a strategic priority.Here is an outline of challenges faced and a few tips on how to overcome them from entrepreneurs who rallied up their humble endeavours to institutions of great worth.

Funding: Acquisition of fixed assets and cash flowis a major challenge for organisations. As the SMEs grow from small enterprises to bigger businesses, they constantly face funding issues. Heavy machineries, plants, vehicles and furniture need larger funding and that’s something to think about from the early stages. A strategic planning of supply management helps in being prepared for it. Taking into account the unconventional lending institutions, peer-to-peer lending, equity funding, etc. can go a long way.

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