500 SMEs surveyed found 43% lack technical knowledge, hindering growth due to economic challenges, industry competition, and insufficient marketing funds, while 62% agree online sales are crucial for expansion.

500 SMEs surveyed revealed 43% feel their lack of technical knowledge will limit their ability to expand in the next two years. This is attributed to the challenging economic climate, industry competition, and insufficient funds for marketing. PayPal's 2024 Business of Change Report found that 62% agreed online sales are crucial for expanding their organization.

May 22, 2024
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