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State of Small Business Global Report

Ever wish you could see how other successful small businesses operate and win in today’s environment? When you run your own business, advice comes from alldirections - but a lot of it is from people who don’t understand the hurdles you face every day.‍We partnered with TradeGecko to check in with true subject matter experts - more than 500 small and medium sized businesses just like yours. Read what we uncovered!

By
Gary Edwards, PhD
,
on
January 31, 2019

Ever wish you could see how other successful small businesses operate and win in today’s environment? When you run your own business, advice comes from all directions - but a lot of it is from people who don’t understand the hurdles you face every day.

We partnered with TradeGecko to check in with true subject matter experts - more than 500 small and medium sized businesses in the thick of it. From around the world entrepreneurs told us,

  • the kind of businesses they are growing,
  • their sales channels and social media marketing,
  • the tech they learn and buy,
  • the challenges and opportunities they see in the     future.

We peeked inside their practices and crunched the numbers. From patterns within these numbers emerged stories of growth and frustration, of sales and inventory approaches, of social media practices, and of technology adoption. There were stories of persistent obstacles - and of big opportunities. We applied our insights to the lessons we learned from these stories and formulated practical. advice to help you build a strong business.

The ability to compete and succeed over decades—and even longer— is every entrepreneur’s dream. Business longevity requires offering products that customers demand and the ability to adjust to dynamic marketplaces to deliver. Longevity in business also hinges upon nuanced growth strategies, disruptive competitive offerings, and the adoption of new, vetted technology. Small businesses are optimistic about what the future holds for them with advances in social platforms, payment tech, and automation. Every new technology breakthrough comes with a new mindset and approach.

The 2018 - 2019 State of Small Business Global Survey findings point the way for small businesses to free up time and beat the competition through better-managed operations. Excelling at inventory management orders and fulfillment – the backbone of great product companies – will free business owners and operators to out-build, out-sell and out-serve their competitors.Our recommendations on how to build momentum can help small and midsize business operators take hold of emerging opportunities in eCommerce and give them time back to pursue their goals and passions.

Download the full paper here.

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