Expert tasks SMEs on technology adoption, financial planning for growth
An expert in the pension industry has advised Small and Medium-scale enterprises in the country to adopt technology tools and embrace prudent financial planning to survive the coronavirus pandemic.
The Vice President, Business Development (West), Sigma Pensions, Mrs. Mabel George, at a virtual business fair held in Lagos, advised business owners to reevaluate business propositions to become accustomed to the changing business environment and practices in order to survive the pandemic’s negative impact.
She stressed the need to review business operations, as well as the economy and sectors to see how to add a positive stint to what is going on in the economy.
“That is the only way you can transit from what you were doing before to what you are going to be doing now. Look at business operation today and how it has been and then build a business that would last not just a business you are building for efficiency, but a business that is designed for resilience and is able to take whatever shocks that are coming.”
On the need to adopt technology, she said, “I cannot over-emphasise it that technology is key in business operations at this point in time.
“People are now doing businesses from home and transacting from home; so you need to adapt to technology, take advantage of it, and let your businesses move forward. Because technology is what would drive this world.”
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