{"id":3964,"date":"2019-07-23T07:43:56","date_gmt":"2019-07-23T07:43:56","guid":{"rendered":"https:\/\/africasustainabilitymatters.com\/?p=3964"},"modified":"2026-01-11T05:30:26","modified_gmt":"2026-01-11T05:30:26","slug":"easy-strategy-to-ensure-your-small-firm-thrives","status":"publish","type":"post","link":"https:\/\/rayscohosting.best\/ASM\/2019\/07\/23\/easy-strategy-to-ensure-your-small-firm-thrives\/","title":{"rendered":"Easy Strategy To Ensure Your Small Firm Thrives"},"content":{"rendered":"\n<p><strong><em>By Kangiri Jacqueline <\/em><\/strong><\/p>\n\n\n\n<p>Large firms will craft\na strategy and have a well laid out plan for their business for the next 3-5\nyears.<\/p>\n\n\n\n<p>However, it is\ndifferent for small firms. Most do not even know they need one.<\/p>\n\n\n\n<p>The strategy can be\ndeveloped slowly and become part of the business.<\/p>\n\n\n\n<p>It means starting small\nand documenting the most important aspects of their firms. These include\nstrengths, weaknesses, challenges, risks and how to control them. Once this is\norganized it is preliminary. With this evaluation, the firms know what is\nquintessential and they have a basic model.<\/p>\n\n\n\n<p>Most micro, small and\nmedium enterprises (MSMEs) do not keep records of finances invested, budgeting\nactivities, sales or even loss and profit accounts. A record of firm\u2019s assets\nor an inventory is usually absent and loss of the item might not be\nidentifiable early enough. Equipment maintenance and servicing is not\nprioritized. It is only done upon breakdown\u2026<a href=\"https:\/\/www.businessdailyafrica.com\/lifestyle\/pfinance\/Easy-strategy-to-ensure-your-small-firm-thrives\/4258410-5206316-2qtiodz\/index.html\">read\nmore&gt;&gt;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Kangiri Jacqueline Large firms will craft a strategy and have a well laid out plan for their business for the next 3-5 years. However, it is different for small&hellip;<\/p>\n","protected":false},"author":3,"featured_media":3965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pagelayer_contact_templates":[],"_pagelayer_content":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[101],"tags":[],"class_list":["post-3964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news"],"_links":{"self":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/3964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/comments?post=3964"}],"version-history":[{"count":0,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/3964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media\/3965"}],"wp:attachment":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media?parent=3964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/categories?post=3964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/tags?post=3964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}