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Small business owners should optimize for operational effectiveness in 2025 for the following four key reasons: 1. Cost reduction and increased profitability By streamlining processes and eliminating waste, businesses can significantly lower operational costs, leading to higher profit margins without necessarily increasing prices or sales volume 2. Enhanced competiti
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Small business categories will become more competitive in 2025 onwards due to four key reasons: 1. Digital transformation Businesses are rapidly adopting digital tools and platforms, including AI and machine learning, to enhance their online presence and customer engagement strategies1. This widespread adoption of technology will intensify competition as more businesses l
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