SMEs - their future in the world economy
SMEs - their future in the world economy
The growth of Personal Businesses will increase exponentially over the next few years. These are businesses which have no payroll, which in the USA is already at an incredible 70% of SME’s. What would cause this increase? There are a number of factors.
Baby boomers will be leaving on retirement and taking their skills with them. As they form such a large part of the population they will need to be used as consultants and outsourced operations for larger organisations.
In South Africa whites who believe they have no future in large organisations due to affrimative action legislation, will continue to leave to start new businesses, causing a further skills shortage in these businesses, leading to a similar situation as for the baby boomers.
In developing countries, skills shortages generally due to poor education systems, emigration, AIDS, TB will also result in a further move to personal businesses, as those people with skills find themselves in demand. They will quite likely see massive increases in their income streams as a result. Consequently these people will become time shared by a number of companies.
Women hitting their heads on the glass ceiling will similarly move into their own businesses where there are no limitations.
Youth want their own business rather than a boss, and also want the perceived benefits of owning their own business, which includes a more relaxed life style and improved quality of life from controlling their own destinies.
Emigration and immigration will lead to the further globalisation of SME’s as emigrants and immigrants restore links with the networks in their previous domiciles, and create new business opportunities for themselves, as they generally find it easier to do so than trying to get a job in their new country.
The Internet has made the road warrior SME owner a reality. Similarly it allows and creates further opportunities for economic decentralization within large organisations. Why do banks need branches? Why can we not withdraw and deposit at our local supermarket if we really need cash, especially with Internet and cellphone banking.
SME's will most definitely play a bigger role in the world economy in the future. The question is whether you will be one of them.
Rob Smorfitt
SMEs their future in the world economy - To learn more about this author, visit Dr. Rob Smorfitt's Website.
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The next decade or two will become known as a period of economic decentralization. This refers to the breakdown of the large corporate organisation for a number of reasons, in such a way as to lead to economic decentralisation. Why should this occur?
The growth of Personal Businesses will increase exponentially over the next few years. These are businesses which have no payroll, which in the USA is already at an incredible 70% of SME’s. What would cause this increase? There are a number of factors.
Baby boomers will be leaving on retirement and taking their skills with them. As they form such a large part of the population they will need to be used as consultants and outsourced operations for larger organisations.
In South Africa whites who believe they have no future in large organisations due to affrimative action legislation, will continue to leave to start new businesses, causing a further skills shortage in these businesses, leading to a similar situation as for the baby boomers.
In developing countries, skills shortages generally due to poor education systems, emigration, AIDS, TB will also result in a further move to personal businesses, as those people with skills find themselves in demand. They will quite likely see massive increases in their income streams as a result. Consequently these people will become time shared by a number of companies.
Women hitting their heads on the glass ceiling will similarly move into their own businesses where there are no limitations.
Youth want their own business rather than a boss, and also want the perceived benefits of owning their own business, which includes a more relaxed life style and improved quality of life from controlling their own destinies.
Emigration and immigration will lead to the further globalisation of SME’s as emigrants and immigrants restore links with the networks in their previous domiciles, and create new business opportunities for themselves, as they generally find it easier to do so than trying to get a job in their new country.
The Internet has made the road warrior SME owner a reality. Similarly it allows and creates further opportunities for economic decentralization within large organisations. Why do banks need branches? Why can we not withdraw and deposit at our local supermarket if we really need cash, especially with Internet and cellphone banking.
SME's will most definitely play a bigger role in the world economy in the future. The question is whether you will be one of them.
Rob Smorfitt
SMEs their future in the world economy - To learn more about this author, visit Dr. Rob Smorfitt's Website.
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Dave KurlanDave Kurlan is the founder and CEO of Objective Management Group, Inc., the industry leader in sales assessments and sales force evaluations, and the CEO of David Kurlan & Associates, Inc., a consulting firm specializing in sales force development. Dave has been a top rated speaker at Inc. Magazine's Conference on Growing the Company, the Sales & Marketing Management Conference and the Gazelles Sales & Marketing Summit. He has been featured on radio and TV, including World Business Review with General Norman Schwarzkopf, in Inc. Magazine, Selling Power Magazine, Sales & Marketing Management Magazine and Incentive Magazine. He is the author of Mindless Selling and Baseline Selling – How to Become a Sales Superstar by Using What You Already Know about the Game of Baseball. He created and wrote STAR, a proprietary recruiting process for hiring great salespeople, and he writes Understanding the Sales Force, a popular business Blog and is a contributing author to The Death of 20th Century Selling and 101 Great Ways to Improve Your Life, Volume 2. - Visit Dave Kurlan's Website |
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