By Natalia Bayona, Professor at the IE School of Global and Public Affairs and Senior Expert on Innovation and Digital Transformation at the World Tourism Organization (UNWTO).
For an SME in expansion, ensuring adequate control of debt reduces the risk of default with respect to creditors, suppliers and clients, and secures efficient business operations. Although some business owners feel proud of the fact that they have never taken out any loans, this is not always a realistic approach.
Where are the companies supporting funding innovation headed?
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