Get your SME Ready for the Future<\/span><\/h2>\n\t\t\t\t\t\t\tThis guide will take you through what you need to future-proof your small business from two perspectives: people<\/i> and technology<\/i>.<\/p>\n\t\t\t\n\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\tDownload the E-Book<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t\n\t\t\t![\"Get](\"https:\/\/www.salesforce.com\/eu\/blog\/wp-content\/uploads\/sites\/14\/2023\/09\/sme-ready-for-the-future-cover.png\")
\t\t<\/div>\n\t<\/div>\n\n\t\n\t<\/div>\n\n\n\nRemote working and other challenges: What does this mean for small businesses?<\/b><\/h2>\n\n\n\n
There is a high adoption rate of digital technologies in the UK compared with its European counterparts. A 2019 KFW study<\/a> found that 51% of UK SMEs considered digitisation a top priority for the next two years, but COVID-19 forced them to accelerate digitalisation plans bringing about a unique set of challenges.<\/p>\n\n\n\nThese are the main challenges UK SMEs faced and some ways in which they\u2019ve responded:<\/p>\n\n\n\n
\n- Moving online – With physical stores being forced to shut, companies had to develop a digital presence overnight to continue selling.<\/span> <\/li>\n\n\n\n
- Digitisation – Service providers had to plan new innovative and creative ways in order to continue their services, as physical contact was greatly restricted. From online classes to doctors offering consultations via video conference or sporting and charity events moving to a virtual format. <\/span> <\/li>\n\n\n\n
- Remote work – Working remotely has become the standard. As workers were sent home and offices were closed, businesses suddenly had to adapt to a completely new working model, and with it a set of challenges including remote communication, <\/span>managing team morale from a distance<\/a>, project management and accountability. <\/span> <\/li>\n\n\n\n
- Downsizing – Minimising revenue losses involved cutting costs, including labour costs and furloughing and layoffs became part and parcel.<\/span> <\/li>\n<\/ul>\n\n\n\n
Ultimately, adapting in this way helped SMEs cope and continuing to readapt will prepare your SME for any future challenges.<\/p>\n\n\n\n
Digital agility is paramount in uncertain times<\/b><\/h2>\n\n\n\n
Now more than ever, agility is paramount for SMEs. Agility is the ability to quickly and efficiently react to a situation. Building an agile organisation facilitates a swift response to market changes with the flexibility customers demand. But how can an SME become even more agile?<\/p>\n\n\n\n
Agile SMEs tend to focus on building processes that boost flexibility and increase productivity. Clearly, this approach can be advantageous, particularly in times of uncertainty and change, as agile teams can react faster, often taking on other roles and responsibilities if needed. <\/p>\n\n\n\n
Digitisation is a huge part of this: The right small business technology solutions \u2013 such as a Customer Relationship Management (CRM) system<\/a> \u2013 support lean processes by automating tedious, repetitive tasks and keeping all stakeholders up-to-date with crucial information. Without automation<\/a>, businesses struggle to remain agile and keep up with the speed of technological growth and the exploding volume of data. <\/p>\n\n\n\nThis is also true in terms of customer-centricity<\/a>. Customers expect consistently excellent customer service across all brand touchpoints regardless of the situation. The 2020 lockdowns amplified this: SMEs that solely relied on their brick-and-mortar presence or were not set with the right tools suffered severely as the crisis hit. Switching to a digital approach proved a successful strategy for many in protecting sales revenue. SMEs benefit largely from going digital to safeguard their sales against future crises.<\/p>\n\n\n\nHow can you future-proof your business? Some ideas to start with<\/b><\/h2>\n\n\n\n
So how can you make your that going forward your SME future-proof? In challenging times, it seems a successful strategy involves a high degree of digitalisation combined with an agile team. The following practical strategies for your SME will help you to get on the road to becoming future-proof: <\/p>\n\n\n\n
\n- Spread the vision<\/b> – When recruiting new team members, find advocates for your vision of the future and get them to spread their ideas within the team. If you hire from a future-oriented perspective, it will be easier to foster change. <\/span> <\/li>\n\n\n\n
- Take the lead<\/b> – Great leadership is a key skill for successful SMEs. Lead by example \u2013 and foster a <\/span>productive company culture<\/a>.<\/span> <\/li>\n\n\n\n
- Promote reskilling and upskilling<\/b> – One major challenge UK SMEs face is the ability to retain digital talent. SMEs are increasingly looking to retrain their existing employees and equip them with new skills. Consider factoring in a training budget and for example, investing in learning software\/apps that help your team members utilise personal interests on the job. There are many great (free) learning platforms that can be tailored to skills that are missing and help upskill your team. <\/span> <\/li>\n\n\n\n
- Invest in the right technology<\/b> – Digital tools allow your business to stay flexible in terms of reacting to new trends. Most cloud-based software suites come with automatic updates keeping you on the right side of evolving trends. Most small business technology solutions such as a <\/span>CRM system<\/a> use a scalable bandwidth model \u2013 perfect for changing needs.<\/span> <\/li>\n\n\n\n
- Add digital benefits to customers<\/b> – How can you continue to enrich your customers\u2019 lives? To navigate the future, SMEs need to provide as much value as possible to consumers \u2013 think about e.g. in-store WiFi, a mobile app or other web-based digital tools. It\u2019s time to get creative! Here are also some tips on how to <\/span>maintain customer relationships while working remotely<\/a>.<\/span> <\/li>\n\n\n\n
- Foster a culture of remote collaboration<\/b> – The key to remote work is communication. Whether your SME chooses to pursue a fully or partially remote model, it\u2019s important that your employees are capable of becoming effective virtual agile teams. Encourage communication at all levels, and make sure that all team members have a voice. And establish the <\/span>right small business tools to boost productivity and flexibility<\/a>.<\/span> <\/li>\n<\/ul>\n\n\n\n
Get your SME ready for the future<\/b><\/h2>\n\n\n\n
While you may face daunting challenges maintaining and growing your small or medium-sized business, remember that with every challenge comes opportunity. This is the time to pursue digital transformation and put the right technology, tools and processes in place so that your SME is ready for anything that lies ahead.<\/p>\n\n\n\n
If you want to learn more about why agility and digitalisation are crucial to SMEs download our latest eBook<\/a>. This guide offers many practical tips on how to future-proof your small business and how to successfully chart the business landscape going forward.<\/i><\/p>\n\n\n\n
\t\t<\/div>\n\t<\/div>\n\n\t\n\t<\/div>\n\n\n\nRemote working and other challenges: What does this mean for small businesses?<\/b><\/h2>\n\n\n\n
There is a high adoption rate of digital technologies in the UK compared with its European counterparts. A 2019 KFW study<\/a> found that 51% of UK SMEs considered digitisation a top priority for the next two years, but COVID-19 forced them to accelerate digitalisation plans bringing about a unique set of challenges.<\/p>\n\n\n\n These are the main challenges UK SMEs faced and some ways in which they\u2019ve responded:<\/p>\n\n\n\n Ultimately, adapting in this way helped SMEs cope and continuing to readapt will prepare your SME for any future challenges.<\/p>\n\n\n\n Now more than ever, agility is paramount for SMEs. Agility is the ability to quickly and efficiently react to a situation. Building an agile organisation facilitates a swift response to market changes with the flexibility customers demand. But how can an SME become even more agile?<\/p>\n\n\n\n Agile SMEs tend to focus on building processes that boost flexibility and increase productivity. Clearly, this approach can be advantageous, particularly in times of uncertainty and change, as agile teams can react faster, often taking on other roles and responsibilities if needed. <\/p>\n\n\n\n Digitisation is a huge part of this: The right small business technology solutions \u2013 such as a Customer Relationship Management (CRM) system<\/a> \u2013 support lean processes by automating tedious, repetitive tasks and keeping all stakeholders up-to-date with crucial information. Without automation<\/a>, businesses struggle to remain agile and keep up with the speed of technological growth and the exploding volume of data. <\/p>\n\n\n\n This is also true in terms of customer-centricity<\/a>. Customers expect consistently excellent customer service across all brand touchpoints regardless of the situation. The 2020 lockdowns amplified this: SMEs that solely relied on their brick-and-mortar presence or were not set with the right tools suffered severely as the crisis hit. Switching to a digital approach proved a successful strategy for many in protecting sales revenue. SMEs benefit largely from going digital to safeguard their sales against future crises.<\/p>\n\n\n\n So how can you make your that going forward your SME future-proof? In challenging times, it seems a successful strategy involves a high degree of digitalisation combined with an agile team. The following practical strategies for your SME will help you to get on the road to becoming future-proof: <\/p>\n\n\n\n While you may face daunting challenges maintaining and growing your small or medium-sized business, remember that with every challenge comes opportunity. This is the time to pursue digital transformation and put the right technology, tools and processes in place so that your SME is ready for anything that lies ahead.<\/p>\n\n\n\n If you want to learn more about why agility and digitalisation are crucial to SMEs download our latest eBook<\/a>. This guide offers many practical tips on how to future-proof your small business and how to successfully chart the business landscape going forward.<\/i><\/p>\n\n\n\n\n
Digital agility is paramount in uncertain times<\/b><\/h2>\n\n\n\n
How can you future-proof your business? Some ideas to start with<\/b><\/h2>\n\n\n\n
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Get your SME ready for the future<\/b><\/h2>\n\n\n\n
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