Risky business: 5 strategies for SMEs to build resilience in 2025

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Tue, March 4, 2025

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Risky business: 5 strategies for SMEs to build resilience in 2025

^{Published on 2025-03-04 05:20:46 - Bizcommunity}

Before the 2024 general elections many South African businesses were concerned about the impact of global conflict, rising inflation and the risks of ongoing power outages, and potential social unrest on their

The article "Risky Business: 5 Strategies for SMEs to Build Resilience in 2025" from Bizcommunity outlines key strategies for small and medium-sized enterprises (SMEs) to enhance their resilience in the face of future uncertainties. It emphasizes the importance of diversification to spread risk across different markets or products, digital transformation to leverage technology for efficiency and competitiveness, financial management focusing on cash flow, debt management, and securing funding, building a resilient workforce through training, flexibility, and mental health support, and strategic partnerships to share resources, knowledge, and market access. The article highlights that by adopting these strategies, SMEs can not only survive but thrive amidst economic volatility, technological disruptions, and other external pressures expected in 2025.

Read the Full Bizcommunity Article at:
[ https://www.bizcommunity.com/article/risky-business-5-strategies-for-smes-to-build-resilience-in-2025-810023a ]

Contributing Sources

Bizcommunity

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Risky business: 5 strategies for SMEs to build resilience in 2025