Demand will continue to slide, costs will keep rising, competitors will play desperate to maintain cash-flow, channel partners will keep demanding extended credit and margins, interest rates will not be any lower. Taxes and duties may even rise again during the year with a desperate effort to reduce government borrowing in rupees. So what can you expect? Better or worst operating environment. Newspapers reported recently that some small and medium scale businesses have opted to sell and bank cash at 30% interest rate. How many businesses today can give you a ROI of over 30%?
When the economy becomes very unstable, small businesses often feel the effects first. Similarly, changes within a small business industry, like a new competitor or…
Read the full article at: http://www.sundayobserver.lk/2023/01/15/business/restructure-your-business-or-perish