AECM - European Association of Guarantee Institutions’ Post

Very useful tools for those who guide SMEs in EU !!

It's been a quite intese beginning of the new year, but it looks bright! Our recent report on SME performances in 2023 and outlook for 2024 shows that most businesses performed above expectations in the past year and are confident about their prospects for 2024, based on a survey of executives across Qonto markets (France, Germany, Italy, Spain). In particular, 95% of the SMEs surveyed say they have performed as well as or better than their executives expected in 2023 and 82% of them is either "optimistic" or "very optimistic" about the evolution of their company revenues in 2024 (with Spain and Italy leading the pack). Access the full report for more information. #FinancialServices #Business #SME #Performance #Outlook

Qonto have recently published an in-depth report on the performance of European SMEs during 2023. With the help of Appinio, data was collected from decisions makers at 2,000 companies which have 250 employees or less. Key findings include: 🌟 95% of SMEs say they performed as well or better than their executives expected, and 70% over-performed compared to their forecasts 🌱 52% of SMEs are working actively to reduce their impact on the environment 🚫 Inflation appeared to be the biggest perceived hindrance to business performance this year It's noted that 2024 is also looking optimistic - looking forward to see how things go! *Germany, France, Italy, Spain

Enhancing the Resilience and Adaptability of Malaysian SMEs Amidst Technological and Political Shifts: A Holistic Approach The essay examines the resilience and adaptability of Malaysian SMEs in the face of technological and political changes, highlighting their crucial role in the economy through employment generation, income distribution, and entrepreneurial training. It identifies financial constraints, limited resources, lack of awareness, and political instability as major barriers to technology adoption. The essay argues for a holistic and supportive approach from the Malaysian government and stakeholders, emphasizing the need for addressing financing gaps, creating a conducive business environment, and leveraging cultural dynamics. By implementing these measures, Malaysian SMEs can enhance their resilience, contributing to overall economic growth and sustainability.

Introducing the release of our Global Business Monitor 2023 report 🌏 Drawing insights from a comprehensive study of 1,800 SME owners and decision makers spanning across Europe and Singapore, this report illuminates the prominent challenges and promising prospects that businesses are encountering in 2023. 🔎 So, how are Singaporean SMEs navigating the landscape? ✔ More than half (57%) of Singapore’s SMEs open to exploring external financing options as they look to overcome cashflow pressures caused by delayed payments. ❌ Inflation and rising costs have also emerged as the top of mind challenge for SMEs in Singapore, with 51% indicating their concerns. ✔ Against the backdrop of coping with increasing costs and inflationary pressures, majority of SMEs in Singapore remain optimistic (82%) about their business outlook for the remaining of 2023 and seven in 10 (70%) expect their sales to increase in the next six months. 🔊 Commenting on these findings, Kenneth Tham, our Managing Director, shared: “Singapore’s SMEs are the backbone of the economy and ensuring they can cope with increasing costs and inflationary pressures is a key priority. With traditional financing sources revaluating credit appetites, SMEs need to consider a range of financing options so they can maintain sustainable working capital and cashflow. This will enable them to navigate headwinds, capture opportunities and fuel their local and international aspirations.” 📊 To read more comments from Kenneth, please download the full report below: https://ow.ly/jKOn50PAhfk

How can we turn Europe into an SME superpower? Yesterday, we had the pleasure of hosting our third SME Roadshow in The Hague, organised together with our Dutch member federation VNO-NCW and in collaboration with MKB-Nederland. The event brought together key representatives from European and national institutions, #SMEs, and #entrepreneurs across Europe. We tackled pressing #SME issues and explored questions like: 🔹 What is the economic state of European SMEs? 🔹 What are the regulatory burdens on SMEs? 🔹 What has been the reflection on SME policy in the last five years? Martina Dlabajova, Member of the European Parliament and co-Chair of its SME Intergroup, emphasised, "The last five years have brought more awareness to the challenges facing European SMEs. It is key for policymakers and SME stakeholders to keep working together in the next EU cycle." Additionally, Fabrice Le Saché, Chair of the BusinessEurope SME Committee, highlighted, "The #SingleMarket is Europe's precious treasure. This is the basis of a strong economy and is key in trade negotiations. But to make it stronger, we should reverse its increasing fragmentation." SMEs are the lifeline of Europe’s economy, creating jobs and wealth where most of their business is conducted. However, recent years have presented significant challenges: persistent labour shortages, higher energy prices, costlier credit, and a flood of new regulations, all while the need for sustainability and innovation grows. European SMEs are struggling to thrive, and we must reverse this trend. Let's continue to work together to support and empower our SMEs. What was your key takeaway from the event? Share your thoughts below! 👇

Entrepreneurs do determine quality of life.. Make it hard for SMEs to succeed and everyone starts complaining how hard life is. We can only take care of what we measure..

🇪🇺 Annual report on European SMEs The 2022/2023 annual report on European SMEs is now available: https://lnkd.in/dSDVdx7G 📌 The annual report, prepared on a yearly basis, provides a synopsis of the size, structure and importance of SMEs to the European economy and an overview of the past and forecasted performance of SMEs from 2008 to 2023. 👉 More information here: https://lnkd.in/du3WyjaR

Do you qualify for the SME investment initiatives in Italy?   Incentives for SMEs: The backbone of the Italian economy   This week, a new decree is going to come into force supporting the capitalization of micro, small, and medium-sized enterprises (SMEs) that aim to carry out investments in industrial machinery, hardware, and software, as well as in the green sector.   📌 Scroll through the presentation below for the main measures in favor of enterprises.     #incentives #SMEs #investments #Italy #BSFItaly

SMEs, this is the trade-off: you invest in machineries, tech, or green, increase capital, and the state incentivizes you. Those who would like to learn more would only have to scroll through the slides below!