Why do we need to understand failure for Small and medium-sized enterprises (SMMEs)

In the dynamic world of business, failure is often seen as a taboo subject, something to be avoided at all costs.

However, for SMMEs, understanding and learning from failure can be a crucial component of long-term success and sustainability.

In this segment, we will explore the importance of understanding failure in the context of SMMEs, examining how it can be leveraged to drive improvement and success. We will delve into strategies for analyzing failures, learning from them, and implementing changes to avoid repeating the same mistakes.

Our aim is to equip small business owners and managers with the knowledge and tools to turn setbacks into steppingstones.

Guest: CEO of Wecbof Arifa Parkar