St. Petersburg, Fl. (PRWEB) August 02, 2012
Over the last few years, changes in the global economy have been placing pressure on small businesses. In a number of cases, firms are having trouble adjusting with these kinds of shifts. Evidence of this can be seen in the below table (which is highlighting the total number of bankruptcies since 2006).
The Number of Bankruptcies since 2006 to 2011
Year Number of Bankruptcies
To help firms adapt with these new challenges, B2B e Trader is introducing the online marketplace. This is allowing businesses to intelligently reach out to new customers using the latest technology for free. Once this occurs, is when the company is able to evolve with a host of challenges.
B2B e Trader, the Online Marketplace and Addressing the Needs of Businesses
The online business to business marketplace is a state of the art solution that is designed to help businesses directly connect with different stakeholders (using social broadcasting technology). The way it works entrepreneurs can create a classified ad and post it on the web site. To reach out to a larger audience, social sharing technology is utilized to directly connect with different stakeholders. Making it ideal for businesses and professionals to share advertising listings to buy, sell, or trade a host of commercial used equipment, like restaurant equipment, medical equipment, office equipment, heavy equipment, IT equipment and more.
For small businesses, this is giving them a competitive advantage by: locating potential customers (who are interested in their products or services). This helps them to reduce their costs and increase their profit margins. When this happens, there is a transformation in how firm is addressing critical needs and locating new cliental. This is the point that they will become more competitive.
Moreover, B2B e Trader is also providing users with access to some of the most successful entrepreneurs (via the chat rooms and message boards). This is where everyone can learn about specific tactics and tools that can transform their business. Once this takes place, is the point that there will be a transformation in the way firms are operating (by providing them with more ideas they can use). Once this takes place, is the point that a company will be more flexible when dealing with a host of challenges. This is when the firm’s underlying profit margins and productivity will increase. In the future, this is helping companies to identify new problems early and quickly adjust to them.
Clearly, small businesses are facing a number of challenges associated with transformations in the economy from globalization. For a select amount of firms, this can result in the business facing the possibility of bankruptcy (if they are unable to adapt). The online marketplace is one of the tools that will help everyone to effectively promote their organization and the different products / services they are providing. B2B e Trader is at the forefront of these transformations, by using this as a way to connect businesses with different stakeholders for free (via social sharing technology). Once this occurs, is when a firm will be able to directly contact potential customers and suppliers (who are interested in the products / services they have to offer). This is the point that the company will be more flexible in adapting with a host of challenges they are facing.