In the lands before time, the Hunter asked the women why they did not start assembling baby furniture out of dinosaur bones and selling them at Gatherers’ meet; the idea became the unicorn of the period, and the rest is history, so it was written, so it is told. Guess where IKEA came from…
Today, little has changed; small and medium enterprises have become the originator and prime backbone of trade and commerce across all the nations of the world. About a century ago, the USA was an ocean of only SMEs, which grew into large and also global giants and an entrepreneurial nation was born.
A few decades ago, China was also an ocean of SMEs. Now, observe its industrial powers; just a decade ago, India created oceans of SMEs, and how it may become the global driver. Now awaits Indonesia, Nigeria, and dozens of other nations, precisely carving their crafts and improving entrepreneurial transformations to change the global economic maps. Asia has a billion SMEs, whereas China and India added 500 million SMEs to the pool. Brand-new math is needed to figure out how to cope with such numbers.
The sophisticated planning of the national mobilization of entrepreneurialism, where up-skilling of exporters and re-skilling of manufacturers demands special skills. This is about streamlined teams and policies as a federal mandate to uplift the citizenry. Can European Union or African Union or BRICS figure out how to mobilize national SME sectors, but how can they start, and where can they lead? How will they cope with hundreds of millions of SMEs and have organized models?
The financing dilemma of the Green Economy: Why is green economy and climate change financing still at a standstill? Decades have passed while hungry stomachs still cannot decipher the global challenges of EDG or COP28. How Africa is going to manage global landscape?
Access to finance is not the answer: On SME fronts, access to finance is commonly considered as a ‘nest’ that allows the right environment for an ‘egg’ to hatch; hence, to foster their expansion plans, the financial world is primarily occupied with arranging Fintech and access to finance as a nest for the free range eggs, the SMEs of our times. Nevertheless, finance and economic leaders still need to know where these eggs come from, why and when they are laid, by whom and for what specific motivation at what sacrifice, and what will happen when they are finally hatched.
Financial wisdom still needs to be able to fathom why each such egg will always start with a unique song and new tempo, all emerging in different colors. But why, because the SME sectors, like an aviary surrounded by its mystery, struggle only to blossom further in their rights and in their way. There is no single master rule, reference, guideline, business plan, formula, blueprint, or book explaining why one of them suddenly could become the largest-ever project for the nation. Entrepreneurialism resides in these gravity-defying, breaking-all rules, high-speed by chance of decision making and risk management, and business economic models meet growth.
After all, such narratives like nursery rhymes, generally out of the league of academia and for lack of symmetry, precision, and predictability mostly banned from the MBA curricula, but now due to global access to digitization, all such topics are exposed rising to a new level, where ‘fintech’ may only be some strands or straws to build the nest but not the ultimate or the last solution in the upbringing of SMEs. Just like the debt ceiling, outside being schemes, can never run successful economies. Only when national mobilization uplifts 10% or 50% of enterprises on progressive tracks climate change thinking and a Green Economy will come into action.
Fintech is like acupuncture on a dead body unless entrepreneurialism is present like the prime circulation artery is throbbing and pulsating. A real live economy is entrepreneurial because a solely numerically-run economy is just a facade of an already dead economy, like a postmortem without any plan to win a gold medal with a motionless body.
Dangerous to our economic growth; the economic mindset, traditionally highly prone to measurements, lives and dies by numbers; everything is narrated by size and dimension. This intuition allows comfort for always what is measured as big and what is measured as small. Actuarial thinking is not entrepreneurial thinking.
Entrepreneurial mysticism rejects all this as nonsense because it already manages the greatest games of entrepreneurial fertilization based on orchestrated chaos, juggling innovation, futurism, consumerism, and all with global applicability. The mental juggle has no time to measure the size but cope with the potentialities of local/international markets and large-scale possibilities.
Facts: The mindsets are divided for good reasons
Big is big by numbers, as small is small by numbers. On the other hand, entrepreneurial mindsets have yet to learn why such measurements exist. They only see Coca-Cola vividly as a worldwide operation when they hold an empty bottle in one hand and some dark powder in the other. Equally, when they toss a metal plate attached to a few wires in the air, they already see a telephone device changing the world forever.
Snatching crayons from children and trying to strangle such a vision at the early fertilization stage is nothing less than economic crime. Crushing down entrepreneurialism at every step for not being precise and ‘predictable’ and not immediately rewarding are all deep-rooted causes.
Facts: The trillion-dollar-rich and in comfortable gluttony, the world’s hospitality industry could not see the pinhole leaking air in the air mattress: The Airbnb was just a slap to awaken them. Ten thousand similar examples still need to be revisited to bring the mathematical wizardry of economics any closer to the out-of-the-box-crazy risk-taking visions of entrepreneurialism.
Silence on such topics may only point to competency levels. Therefore, when the largest economy within a nation is the SME economy, and when SME sectors are still abandoned, unidentified, uncategorized, and undigitized, then national economic leadership must embrace entrepreneurialism to improve the performance of dying economies. Plan and execute extremely well, as the world enters the Top round of top elections…
No further proof is required as SMEs are the future of nations; they are the largest pool of entrepreneurialism and potentially large global operations. Futurism demands futuristic literacy to decipher the global-age economic landscapes, and SME sectors require national mobilization of entrepreneurialism to quadruple productivity, performance, and profitability via global exportability.
Study Expothon on Google. The rest is easy