Economic Future 2021: Digitization of Small & Midsize Businesses

Failure to deliver local grassroots prosperity, during the last decades is what has brought nations to their knees.

By Naseem Javed

When Asia alone is adding some 500 million new entrepreneurs, what does this mean to the rest of the world? After all, no other experiment of human endeavor was as successful as America, where some 100,000 entrepreneurs carved out the entrepreneurial supremacy of the United States spanning over a century. What are the new options available to the USA today? Remember, expertise on national mobilization of entrepreneurialism teaches new thinking of setting up “micro-manufacturing” for “micro-exports” as an economic revolution of its own kind. Despite some 500 million SME in the world, a billion new big and small, young and old entrepreneurs on the march, economic leaderships are missing some great opportunities to table tactical combative blueprints to advance the challenges of local grassroots prosperity. Big business in any nation is big, but small business in any nation is many times bigger. If leaderships of the already mandated agencies, like the associations, chambers and export-promotion agencies of the country are in some harmony to face the truth and deal with the realities some major shifts on productivity and exportability will commence.

Fast track digitization of midsize businesses, region by region is one key option.

Now the Pandemic recovery is an economic recovery. In the absence of dramatic solutions, choices are limited. Failure to deliver local grassroots prosperity, during the last decades is what has brought nations to their knees. Across the world, as failures now surround us, some new and some bold wisdom arises. The Nouveau Intelligentsia of Entrepreneurialism, embracing diversity, tolerance and harmony is rejecting riot gears and challenging new economic thinking as a new vaccine for the broken economies. National mobilizations are the way, but study the topics deeply on Google.

Naseem Javed
Naseem Javed

New Demands of Future Economies:

Allow micro-small-medium enterprises a tax-free window on the first USD$5-10 million revenues in exports, this will create local jobs and bring foreign exchange. Allow micro-small-medium enterprises free access to all dormant Intellectual Property, Patents rolled up due to lack of commercialization as Academic Experts on innovative technologies and related skills on free voucher programs. Allow micro-small-medium enterprises free full time MBA as 12 months interns so MBA graduates can acquire some entrepreneurialism while enterprises can uplift their ideas in practice. Allow Million qualified entrepreneurs to park within a nation for 5-10 years under a special tax-free visa program. Allow National Mobilization of Entrepreneurialism Protocols mandated to engage trade and exports bodies. Allow National Scoring of entrepreneurialism to measure, identify and differentiate talents and separate pretenders.

By design nouveau-revolutionary, by action execution and national mobilization-centric, and by style immediate deployment-ready, this new thought leadership is an economic-friendly pragmatic approach to shake down lingering incompetency on global exportability challenges around midsize economies nation by nation across the world.

Platform economies allow such mobilizations. Upskilling ‘micro-exporters’ provide local growth and reskilling ‘micro-manufacturers’ creates local jobs. Lack of grassroots prosperity is number one reason amongst developed nations for creating restless citizenry and populism. Upskilling salvages productivity, performances, profitability, Export saves economies, and entrepreneurialism brings back grassroots prosperity. The pandemic recovery demands superior thinking to match the needed solutions.

Open dialogues are critically essential. This is not about just massive social media posts, craving for ‘likes’ but hardcore debates and out of box thinking. Expothon is tabling a very special and bold agenda and starting a high-level global series of virtual events starting in early 2021 and currently selecting panelists and speakers from around the world for this major series. The virtualization of the national economy will boost vertical sectors to new heights and globalization the new links to global exportability and grassroots prosperity.

Only digital economies will survive a digital world, the paper-economies may drown in paper-baskets. 

The rest is easy. 

(Naseem Javed is a corporate philosopher, Chairman of Expothon Worldwide; a Think tank on Image Supremacy of Innovative Excellence & Entrepreneurial Leadership. He is leading charge on entrepreneurial leadership transformation and a recognized authority on global digital trends, image complexities how they impact business performances and create global age skill shifts. His recent work on Expothon Strategy is getting global attention. His latest new book; Alpha Dreamers; the five billions connected who will change the world. www.expothon.com. He can be connected via LinkedIn: https://www.linkedin.com/in/naseemjaved.)

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