How The FinLab’s Digital Mumpreneur Programme Gave My Tuition Business A Much-Needed Jumpstart
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The FinLab Report: From Disruption to Transformation
The pandemic has had widespread impact on the operations of home-based and other micro-businesses in Singapore, with six in 10 reducing, halting or had no technology adoption in the past year. This is despite reports of how COVID-19 has accelerated digital transformation, which holds true only for the larger corporations.
In our From Disruption to Transformation report, we look at the impact of the pandemic on Singapore’s home-based and other micro-businesses, with targeted focus on if and how they have adopted technology to overcome recent challenges and accelerate transformation in their businesses. Through primary research conducted with 250 home-based and other micro-businesses in Singapore, we explore their challenges, needs and preferences in the current climate of rapid digitalisation and change, to give you a well-rounded perspective on the status of the local business ecosystem.
Download the report to read more.
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The 2023 action plan for SMEs
For many of us, 2023 is off to an unusual start, due in part to recent economic forecasts and headlines reporting worrying business outlooks.
Amid all of this, few seem to be talking about the thousands of small and medium sized enterprises (SMEs) that represent nearly half of Singapore’s GDP – and are more likely to feel the pinch. While the weakening global economy and inflation affects the performance of trade-dependent industries, overall SMEs have been found to be generally positive about their near-term business outlook.