Accorrding to a report on #Thinkwith#Google Pakistan is one of the fastest-growing economies in the world, and its online population grew 68% to 74 million in just three years. While more than 90% of all companies in Pakistan are small- and medium-sized enterprises (SMEs), they make up 40% of the country’s #GDP.
Some points from my presentation:
✔Increase your #revenue stream by including #eCommerce.
✔ Think about adapting to current market trends in a complementary way, may be you provide goods more remotely than your competitors.
✔Review your costs regularly to make them under control.
✔Analyze your ongoing burn-rate in both normal scenarios and ‘uncertain’ scenarios.
✔ Adopt Appropriate Risk Management Strategies, don’t rely on havily on small number of major #customers or single #supplier.
✔Manage your #cashflow with strong followup of outstanding receivables.
✔Prioritize the marketing of fast moving items/products.
✔Embrace new technologies to stay connected with your customers and employees.
✔Prepare budgets and forecasts and review them regularly.