10 Growth Hacks for Small Businesses and Start Ups in 2019

ELLIOTPREECE | March 18, 2019

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Starting your business might just be the best thing that ever happened to you. Is what you thought. But for the most part you’ve been stagnant and no growth has occurred.You’re most likely doing many things wrong, but that doesn’t matter anymore. What matters now is actively doing something to stop that downward spiral your business is going through. This guide will provide you with 10 growth hacking tactics you can start implementing in your small business. Is your product or service something people actually want or need? This is the first question every small business owner and start up must answer. If there’s no demand for what you’re offering, then it is impossible for the business to grow.

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Austin Fraser Ltd

Expert consultants in technical engineering recruitment, IT recruitment and Life Sciences recruitment.Austin Fraser is an established international recruitment consultancy that actually consults. We’re here to listen and advise, and ultimately, to help organisations perform better. We believe in being open and transparent with clients and candidates, only putting the right people forward for the right job, saving everyone concerned time, hassle and money.

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Treasury management at SMEs - Still too neglected?

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Treasury management or more generally Supply Chain Finance management is still a neglected topic at many SMEs. While large international corporations make the investment into expensive treasury management solutions (often part of their ERP solution) and even setup their own In-House Banks, this is considerably more difficult for the mid-corp segment and even more so for the smaller segment of the SMEs. Often SMEs lack the funding, time and expertise to deploy those platforms and often those platforms lack the flexibility required by an SME. Nonetheless in this globalized competitive market with fast moving cash, even SMEs are in need of an effective treasury management. Every SME has its own specific challenges, due to its specific payment cycles and cash reserves. Nonetheless most SMEs (estimated to about three-quarters) still do their treasury management via (complex) Excel sheets, requiring a lot of manual effort. 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Usage of solutions for cash management (e.g. international cashpooling, sweep accounts…) and more general treasury management services offered by banks to their customers. These can be incumbent banks or new Fintechs, which specialize in the niche of serving SME customers. 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Spotlight

Austin Fraser Ltd

Expert consultants in technical engineering recruitment, IT recruitment and Life Sciences recruitment.Austin Fraser is an established international recruitment consultancy that actually consults. We’re here to listen and advise, and ultimately, to help organisations perform better. We believe in being open and transparent with clients and candidates, only putting the right people forward for the right job, saving everyone concerned time, hassle and money.

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