This report provides a comprehensive analysis of Small and Medium Enterprises (SMEs), focusing on their business development, management strategies, and contemporary challenges. It begins with an executive summary highlighting the core aspects of the report, including an examination of the modern issues faced by SMEs and an exploration of strategic issues within their management. The report analyzes an interview with the founder of HD Cutz, a successful SME, to illustrate entrepreneurial processes. It also discusses contemporary issues such as going digital, leadership, and cash flow. Strategic issues in SME management, including planning and adapting to market changes, are also explored. The report further investigates alternative routes for business development in SMEs, including customer base growth and financial aspects of business expansion. Recommendations and diverse business development methods are evaluated, and the report concludes with a summary of key findings and insights.
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