Levelling the playing field between larger and the growing organisation can appear impossible to achieve: investment in staff and systems cannot take place until turnover warrants it. Yet, as the graph shows, increased turnover does not automatically lead to increased profit. In extreme cases it might even lead to losses. In order to compete, SMEs must achieve the efficiencies of larger organisations without increased expenditure. This paper identifies major inefficiencies and costs within these companies and shows how the business can achieve efficient growth.
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