Experts: How MSMEs can survive, grow in tough economy

As rising costs, limited access to finance and stiff competition continue to challenge micro, small and medium enterprises (MSMEs), experts have offered a cocktail of strategies to keep them afloat amid sinking tides.
They urged business owners to strengthen their record-keeping, embrace sound financial management and explore new markets to remain afloat. They said adopting better business practices, improving efficiency and identifying fresh growth opportunities would help small businesses overcome economic pressures, attract investors and build sustainable operations in an increasingly difficult business environment.
Experts believe operators in this sector have so much to do to al...