The transition from small businesses to larger businesses is not easy. Most businesses that start small, remain small because of problems such as intense competition, financial instability, and the quality of employees. To add to this point, there are few sources that teach how to grow small businesses compared to running a large company. However, do not lose hope and consider the following strategies to develop a small business that is owned.
It is true that small companies cannot compete with Fortune's top 500s when discussing supply chain management. However, you can use your partnership in a smart way. For example, if your small company has technology that can make leather shoes that are good, durable, and stylish, but you don't have a large distribution channel or factory to produce it on a mass scale, partnering with distribution channels or leather shoe manufacturing plants will provide the best benefits . You share profits and you don't pay the initial cost of building a factory or hiring a shipping company, as a result. In this way, you can spend time and energy on selling leather shoes, but not making them.
Growth strategies for small and medium enterprises include penetration strategies, market development, product development, and diversification strategies. Penetration strategy is the factor that plays the biggest role in improving growth strategies. Another finding is that the product development strategy is a strategy that is chosen more by small and medium business owners by producing products or services with different characteristics from competitors, and utilizing technology to make the production process more efficient. Penetration strategy is the most important type of strategy for SME growth, but it is precisely the most widely implemented product development strategy. The implication of this research is that SMEs must begin to improve the implementation of penetration strategies in order to be able to improve business performance, by capturing old customers to buy more SME products.
for this reason, a business partner who can advance small businesses is needed to try to win between the businesses they run, only with a blockchain-based platform in small businesses becoming bigger this is an INTEGRITY platform.
Integrity.one was built on the foundation of one of the 50 fastest growing companies in Canada, eRational Marketing.
The mission of Integrity is to provide small business growth on demand by building a block-based, independent, expert ecosystem and independent block-based technology provider. Small business owners can focus on what they do best, and let Integrity do the rest.
CONCLUSION: INTEGRITY is a business opportunity platform for small entrepreneurs to become big with only a blockchain-based platform. Experts handle growth and facilitate operations through platforms. The owner can then focus on products and services. Allows experts, freelancers & technology builders to collaborate to save owners time and money; all performance based so the results meet the desired expectations.
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