Why SMEs are more of a challenge than large corporations

Maybank2U Biz offers some insight into the trials faced by small businesses.

Setting up and running a small business is no easy feat. The experience and learning curve that comes with the job may translate to high satisfaction to some, however the challenges that small businesses face are intense, and at times even crippling. 

The general perception towards small and medium enterprises (SMEs) is that it has fewer stakes at hand and therefore comes with fewer challenges. This is not necessarily true.

Tailoring digital products to cater specifically to SMEs, Maybank understands well the trials that startups and smaller scaled companies are put through. 

SMEs face an equal, if not tougher time to build momentum in their operations, often due to the size of their manpower and funding.

Here are some reasons why starting and running one can be a precarious affair. 

Cash flow management