These are the trends that can be the key to the success of small businesses in 2023 in Hungary as well

By: Trademagazin Date: 2023. 01. 31. 11:45

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Whether it’s managing our finances or paying a bill, we’re used to speed, efficiency, convenience and security. The same cannot always be said of the day-to-day life of small businesses, even though the ability to manage money quickly and securely is essential to success. Fortunately, digital innovation is increasingly reducing this problem.

Flexibility will be the key in (another) year of uncertainty

As in 2022, high inflation, labor shortages and the supply chain will be challenging for all businesses, including SMEs, in 2023. SMEs must be agile to succeed. According to Visa’s research, 86% of interviewed small business managers name economic uncertainty as one of the most common stress factors. Cloud computing, artificial intelligence (AI) and digital financial tools can help SMEs navigate ongoing uncertainty

Small businesses can win the war for talent by touching hearts

Small businesses have fundamental disadvantages when it comes to attracting top talent: they lack a corporate gym or parking lot, or even a canteen offering free meals, but there are other ways to get involved. They can provide employees with a better work-life balance and support them more strongly in achieving their personal goals.