Thursday, March 03, 2016

Do Not Ignore New Technologies

Advancements in digital technology have disrupted traditional business models and leveled the playing field for small businesses, allowing them to go global at a swift speed.  Technology also lowers barriers to entry for start-ups, giving them opportunities to experiment with new business models.

The problem is small businesses are not seeking out these new digital solutions that they can take advantage of.  They take a wait and see attitude which can lead to a stall on growth.  Yet:
Professional services firm PricewaterhouseCooper estimated that businesses can unlock an additional $49.2 billion in the private sector over the next decade if technologies are used to their full potential.
Read more:  Report:  Small Businesses Losing Out By Ignoring New Technologies

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