Recently The Sage Group (parent company of Sage North America publisher of Sage ERP MAS 500) conducted a survey of business owners to see how they felt about the economic outlook and what they saw as looming challenges in 2011. The survey includes results from business owners in the United States, Canada, United Kingdom, Spain, France and Germany.
While mostly “cautiously optimistic” about the year ahead, the top four concerns among business owners were:
- 52% Maintaining/Growing Revenue
- 43% Rising Costs
- 39% Gaining new customers/Accessing new markets
- 35% Managing Cash Flow
This came as no surprise to us. As we consult with business owners locally, these are the exact same concerns they express and have been expressing for years. Recently rising gas pricing have signaled a trickle down impact on the price of raw materials and distribution. The more challenging the economy, the smaller margin of error a business owner must navigate.
Our customers have been able to address these concerns through investment in Sage MAS ERP solutions that help them run their businesses more effectively and efficiently – protecting diminished margins, eliminating costly errors and utilizing accurate reporting to make the critical decisions that will avoid or mitigate the challenges facing them. If you’d like help in strengthening and safe-guarding your company, please give us a call, we’d love to help you.