As a sign of aggressive leadership rich nations of the world approved stimulus packages combined in trillions of dollars to keep their own economies flowing, this down-pouring of funds will also help each other and also less fortunate economies as safeguards to their own stability via global access, cash flows and trading, with maintenance of supply chain flows and global economic order as one big global goal. Most significant is the largest amount allocated to support Small Medium Businesses…USA alone has allocated 350 billion dollars, and there are additional helps from many other countries, this largest ever boost to struggling SME of the world may just open a new future as pillar of superior performance and a pleasant surprise. Coronavirus is still global force to reckon with…the uncertainty lingers.
Today, nation by nation, no other local economic power base as strong as the small medium business economy of the land, and increasingly with technology the same sectors in the unfolding future stand like very powerful pillars; a random collection of many, many millions small medium businesses around the globe, like smart entities, globally savvy, technologically driven, block-chained, AI+AR+VR, entrepreneurial centered creating local grassroots prosperity.
Nations without digital platforms on SME upskilling and reskilling beyond post Coronavirus world would look like nations without Internet in the nineties
Difficult questions: As most of these funding offered as easy loans; if SME wish no more additional loans or create additional debts to further risk their own future; but what if they rather get smart-help, global-age upskilling and re-skilling for their enterprises or global exportability guidance and customer connectivity expertise, how far will the loans concepts work? Fully funded programs, special upskilling and skilling grants to make the fields of SME new upgrading and learning battlefields is another option. With loans only format where will they go out and shop what levels of solutions and how will they uplift on performance and exportability? They were already stuck before, now for fears of new debt, they may remain stuck again. Leadership must bring National Mobilization of Entrepreneurialism Protocols
Simultaneous synchronization of national SME base is the novel art and science of the National Mobilization of Entrepreneurialism Protocols. Not to be confused with some MBA curriculum or export promotion agency guidelines. Nations without digital platforms on SME upskilling and reskilling beyond post Coronavirus world would look like nations without Internet in the nineties.
Two steps for Midsize Business Economy to advance on grassroots prosperity:
ONE: Identify 1000 or 1000,000 high potential small and midsize enterprises within a region or a nation, and create a national agenda to quadruple their performance on innovative excellence and exportability.
Deploy digitization of top national trade associations and chambers of commences to upgrade to world-class digital platforms so that their entire membership can skate nationally and globally showcasing their goods and services.
TWO: Deploy National Mobilization of Entrepreneurialism Protocols on digital platform by showcasing of national hidden talents of working citizenry while upskilling and reskilling on innovative excellence and exportability. Normally ignored or abandoned such level of global age speed and execution is just not available to small medium business owners or women entrepreneurs within national trade promotion bodies, Chambers, Trade Association or local educational systems. This is a global age revolution based on entrepreneurial mobilization… study Pentiana Project
Summary:
Upskilling, reskilling million small medium businesses and women entrepreneurs across nation:
How do you place 10,000 or 1,000,000 SME owners on digital platforms to boost exports and innovative excellence? Why such ideas are not major funding dependent but mobilization hungry and execution starved? What special skills are required to uplift midsize business economy in 2020, how to transform? How did Alibaba generated USD$39 Billion within 24 hours on 11-11-2019, how to optimize? How Round-tables and Cabinet Level discussions are a good starting point?
Rest is easy…
The writer is Chairman, Expothon Worldwide, creator of Octara-Debates www.expothon.com