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"The past has no future"

Weekly Reflections

Thomson Reuters White Paper “Leading Australian SMEs in 2023s Changing Economy.”

“Looking forward, the new mantra for SMEs should be “The past has no future”.

Key takeaways…

SMEs must grow to survive

All businesses, no matter what sector, need to keep moving, to adjust and adapt to changing market conditions

Businesses need to:

  • explore the potential of new markets
  • engage in business planning and strategy development
  • think about alternative sources of financing
  • take advantage of government support programs
  • build a strong network of contacts and mentors
"The past has no future"