COVID-19 shockwave on SME businesses in PNG

Comments

Post a Comment

Popular posts from this blog

How SMEs can beef up PNG's Economic Growth

Image
By Willie Mell INTRODUCTION PNG is among the very few lucky countries on the planet, abundantly blessed with all the natural resources! It is referred to as " an island of gold, floating in a sea of oil, surrounded by gas" . We have all the natural resources on the land and in the sea that other countries wish to have.  Better still, and geographically, we are located on a very prime spot in the Asia Pacific region to facilitate trade and commerce to our neighbours - we can provide an ideal trade route to our advantage!  But despite our obvious economic potentials and being  a sleeping economic giant, we are rated as one of the poorest countries in the world by living standards!  Why are we being so rich in natural resources yet rated so poor? What can we do to improve our conditions, and reach our full economic potential? And, is it possible to reach our full potential? Let's study some basic economics and see if these important questions can be put t...
Read more

THE ART OF SALE

Image
Sales involves both persuasion and value proposition pitch, depending on the continuity of the type of business you are in, or product you are selling (either for yourself or your employer). When you want to make a quick one-off sale you are naturally persuasive. Your aim is to take rid of the items as quickly as possible. But, for long term recurring revenue and growth revenue on your product/service sales, pitching value proposition is critical because you are selling a solution your customer is after. That solution could be a personal or business solution. Customer is your (employer's) livelihood as far as survival of your business is concerned! Pitching value proposition and once successfully closed, followed by healthy customer relationship and timely after-sales-support will surely take your business a long way. This is where customer loyality is achieved! Happy selling!
Read more

PNG-SPECIFIC SME TRAINING MANUALS

Image
Specific SME Training manuals are now available to individuals and organizations. The training modules have been developed based on author's expertise and experiences working with PNG SMEs since 2012 as a private business consultant. These SME Training Modules are comprehensive, covering key aspects of the SME business administration. They are created to be interactive, simple and concise, to impart the much needed business and financial literacy skills generally lacking in the PNG SME sector. There are nine (9) modules (including the Instructor Guides), intended to be covered in a week or two, to gain a robust and clearer understanding of SME business administration. They are intended for: (a) budding entrepreneurs. and (b) those organizations who are engaged in SME trainings and assist in business development activities, such as those in the mining, oil & gas, NGOs, and including the provincial governments and LLGs. The author is confident, these materials will be of great ai...
Read more