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Running a small business in an economic downturn, while upping productivity, protecting your profit margins and staying on track to achieve your operational goals, is a daunting task.
Despite this, there are many examples of South African small and medium enterprises (SMEs) that have succeeded in putting buffers in place to help them weather the financial storm.
The Business Partners Limited’s SME Confidence Index shows cashflow remains an ongoing challenge for local businesses. The answer to thriving in tough times lies in building and attaining financial resilience.
