I read an amazing quote on Stefan Topfer's www.sme-blog.com/ this quote cited from the book authored by Andrew Grove (the Chairman of Intel corporation) in 1996 by the title - Only the Paranoid Survive: How To Exploit the Crisis Points That Challenge Every Company and Career goes as follows
" We live in an age in which the pace of technological change is pulsating ever faster, causing waves that spread outward toward all industries. This increased rate of change will have an impact on you, no matter what you do for a living. It will bring new competition from new ways of doing things, from corners that you don’t expect"
The quote could not have been any more closer to reality for today's small businesses who are facing a crisis from both sides. On one side Web is changing the way small businesses will operate and putting pressure on them to constantly innovate to keep their existence intact. On the other side, the financial crisis hitting the entire Global World is dramatically reducing the ways a small business can attain financing to sustain or grow.
1 year ago