SME is an abbreviation for Small and Medium-sized Enterprises. These businesses form the backbone to any modern-day economy. They help create individuals jobs and reduce unemployment levels, improve livelihood experiences and are ultimately a key engine boosting GDP growth. Recognized as seedbeds for innovation, SMEs cultivate new markets, create jobs that usher fresh ideas from competition. It is now being made increasingly apparent the value that small businesses bring to our daily lives. One can say they are the unsung heroes of the coronavirus pandemic.
Here's a break down of ideas:
1. Define your action-plan
A smart way to keep track of those SMEs you may wish to support is by creating a budget list. Firstly, grab a pen and paper or a note taking device and section it into the 3 key steps:
Who - those particular of interest?
How - methods to do so?
Budget - the sum of figures?
2. Buy gift cards
As people stay locked inside, a larger number of business owners struggle to cover their rent for basic expenses. By purchasing a gift card, it can help to generate some cash flow to the local businesses.
3. Sign up for the newsletter
Signing up and keeping an eye on recent developments for business you trust and sharing the news (via. over the phone, sharing on social media) will help garner attention. You can always opt out of pesky email subscriptions. Feeling generous? Why not contribute to GoFundMe pages or other schemes for the businesses you trust.
4. Sending your support with livestreams
It might have come to your attention that a large host of the world's most revered museums now offer virtual tours on spaces such as the Google Arts & Culture app and on their individual websites. To adapt to these current times, many artists now offer interactive concerts, live-streamed shows and performances.
5. Keep moving
As foot-traffic on streets fall, ideas to keep fit and healthy should be on your mind. Many fitness instructors are offering digital workout services online. If this sounds uninteresting, you can recreate your own in-house gym under a budget by sourcing from cool SMEs.
6. Switching to sustainable
In many cases, SMEs have turned more transparent with the origins of their products. The ingredients, materials and production processes can be traced back for ethical reassurance. This is often true for smaller sized brands who generate their output in smaller quantities. However, the sustainable benefits might be at the compromise of a marginal premium price.
7. Turn into your own barista
Local brick-and-mortar café may stand inaccessible in current time but that should not stop your caffeinated lifestyle (or not). There are plenty of special SME brands online to help add an element of zest to your tea... Now tell me, do you fancy a cuppa over call?
8. Practising self-care
Your quarantine space can be transformed into a wonderful sanctuary with oil diffusers, toasty slippers, snuggled up with a good book. Why not create your own care packages or find some self-care subscriptions online?
9. Starting a hobby
The transition to remote office workplaces and closure of schools means more time is spent indoors. This time can used wisely to cultivate new skills and discover new unfound talents. Why not consider online courses, DIY craft projects or improving your cooking?
10. Entering into survival mode
From freeze-dried food to hygiene gear, consider keeping a stash of essential peculiars (or discover new ones online). Be conscious though on being kind to others more in need when heading off purchasing. You might land on unusual, exciting finds to brighten-up your quarantine experience.
11. Sharing your favorites on socials
Garnering attention will help to boost support and attention in heart of the SMEs. Social media serving as a promotional marketing platform makes it an easy place to express gratitude to others. By exchanges, you might land on a new favorite store.
Resources
(Article) SME News Articles
SME News offers articles featuring recent insights in the SME landscape. Their network of industry insiders provides information on deals, trends, and developments across the UK SME sector.
(Article) Small and Medium-sized Enterprises (SMEs)
Small and Medium-sized Enterprises (SMEs) have varying definitions worldwide. The specific size criteria for categorizing a company as an SME depend on the country in which it operates. These criteria can be based on various characteristics.
(Publication) Annual Report on European SMEs 2022/2023
Annual Report on European SMEs 2022/2023 evaluates the prosperity of Small and Medium-sized Enterprises (SMEs) in the European Union. The report discusses on key points.
1. Define your action-plan
A smart way to keep track of those SMEs you may wish to support is by creating a budget list. Firstly, grab a pen and paper or a note taking device and section it into the 3 key steps:
Who - those particular of interest?
How - methods to do so?
Budget - the sum of figures?
2. Buy gift cards
As people stay locked inside, a larger number of business owners struggle to cover their rent for basic expenses. By purchasing a gift card, it can help to generate some cash flow to the local businesses.
3. Sign up for the newsletter
Signing up and keeping an eye on recent developments for business you trust and sharing the news (via. over the phone, sharing on social media) will help garner attention. You can always opt out of pesky email subscriptions. Feeling generous? Why not contribute to GoFundMe pages or other schemes for the businesses you trust.
4. Sending your support with livestreams
It might have come to your attention that a large host of the world's most revered museums now offer virtual tours on spaces such as the Google Arts & Culture app and on their individual websites. To adapt to these current times, many artists now offer interactive concerts, live-streamed shows and performances.
5. Keep moving
As foot-traffic on streets fall, ideas to keep fit and healthy should be on your mind. Many fitness instructors are offering digital workout services online. If this sounds uninteresting, you can recreate your own in-house gym under a budget by sourcing from cool SMEs.
6. Switching to sustainable
In many cases, SMEs have turned more transparent with the origins of their products. The ingredients, materials and production processes can be traced back for ethical reassurance. This is often true for smaller sized brands who generate their output in smaller quantities. However, the sustainable benefits might be at the compromise of a marginal premium price.
7. Turn into your own barista
Local brick-and-mortar café may stand inaccessible in current time but that should not stop your caffeinated lifestyle (or not). There are plenty of special SME brands online to help add an element of zest to your tea... Now tell me, do you fancy a cuppa over call?
8. Practising self-care
Your quarantine space can be transformed into a wonderful sanctuary with oil diffusers, toasty slippers, snuggled up with a good book. Why not create your own care packages or find some self-care subscriptions online?
9. Starting a hobby
The transition to remote office workplaces and closure of schools means more time is spent indoors. This time can used wisely to cultivate new skills and discover new unfound talents. Why not consider online courses, DIY craft projects or improving your cooking?
10. Entering into survival mode
From freeze-dried food to hygiene gear, consider keeping a stash of essential peculiars (or discover new ones online). Be conscious though on being kind to others more in need when heading off purchasing. You might land on unusual, exciting finds to brighten-up your quarantine experience.
11. Sharing your favorites on socials
Garnering attention will help to boost support and attention in heart of the SMEs. Social media serving as a promotional marketing platform makes it an easy place to express gratitude to others. By exchanges, you might land on a new favorite store.
Resources
(Article) SME News Articles
SME News offers articles featuring recent insights in the SME landscape. Their network of industry insiders provides information on deals, trends, and developments across the UK SME sector.
(Article) Small and Medium-sized Enterprises (SMEs)
Small and Medium-sized Enterprises (SMEs) have varying definitions worldwide. The specific size criteria for categorizing a company as an SME depend on the country in which it operates. These criteria can be based on various characteristics.
(Publication) Annual Report on European SMEs 2022/2023
Annual Report on European SMEs 2022/2023 evaluates the prosperity of Small and Medium-sized Enterprises (SMEs) in the European Union. The report discusses on key points.
Last updated: 29/10/2024
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3 comments:
I agree on supporting small and medium size enterprises. I have my friends involved as entrepreneurs, I understand the amount of care they have for their customers and they focus on quality a lot. In this pandemic days, they need our support to flourish.
I think this period is really a difficult one for all businesses.i like to support my local ones, shopping there and encouraging my friends and family to stop buying from supermarket and big chains and turn their habits, shopping in small, concept shops.
I live in a small rural town and our shops are more essential than the big stores (since they are a bit of a drive away). Great tips!
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