Caution: Let’s be clear, creating new jobs requires a job creation mindset and not the mindset of the job seeker. What is the difference and what are the main causes of the free world’s ongoing economic problems? The growth of the SME sector is a unique achievement, fueled by an entrepreneurial mindset to create jobs; unless economic development is not an academic exercise but a top national priority, a quick test required of the “mindset hypothesis” of any frontline economic development team.
The definitions: The mindset of job seekers builds organizations, and the mindset of job seekers creates those organizations in the first place. Job creators are the entrepreneurial and unique mindsets who think outside the box, so their participation in frontline economic development teams is vital 99% consists mostly of the mindset of job seekers as can be seen on their LinkedIn profiles, business teams from governments around the world.
The mindset balances: With the extremely fragile economic output in the free world, something needs to be fixed quickly. Unless a balance is struck in the mindsets that meet current economic development challenges to achieve desired goals, the outcomes can further shift economic goals. Also note why such narratives about mindset hypotheses are absent from the highest level discussions in the departments of trade, industry and finance in most countries.
Economic growth is now primarily SME growth: No nation apologized for ignoring their local vertical SME sectors. Globally, country by country, SME sectors are the largest job creation and taxpayer base in any country. Big companies are big, but small companies are much bigger. Nonetheless, the big corporations are always allowed to dance about their own governments, while in the same countries, local SMEs are crushed by the same governments. With visible proof, no apologies required. Therefore, solutions require an entrepreneurial mindset to decipher critical paths to success. Unless the economic development teams have hard entrepreneurial and SME ownership and start-up experience, the currently lingering lonely academic approach to economic development, based on calculating numbers, will not achieve the desired goals. A quick mindset balance test is urgently needed.
The mandatory compliance with the four key factors for the growth of the SME sector
Primarily, The founders of existing and new businesses are the true entrepreneurial risk takers, the job creators and the fertilizer for grassroots prosperity. Usually, such small and medium-sized business founders are dismissed as mavericks, rejected for taking risks, and kept out of the limelight because they’re not big enough to take pictures.
Secondly, The national trade groups and chambers form the umbrella under which such founders gather to improve trade flows. Trade associations and chambers consider them too small to pay what large corporations pay in membership fees. In recent decades, the critical lack of digitization of every member on digital platforms to leap in the global trading arena is a failure on a global scale. With the free rain of technologies, a serious digital divide based on mental divide and persisting legacy models is now emerging. Dramatic elevations and new thinking are essential.
third, The national governments that collect taxes from the founders are policy makers to improve the business. That’s where; The national economic development of SMEs is often just lip service compared to what the big corporations serve on a silver platter. Frankly, the governments of many countries are trying hard to reduce their government employees by offering large funds for business start-ups, but they lack understanding that entrepreneurship cannot transfer money to thinking overnight. Giving away an airplane does not create a pilot. Passion for flying does. Frontline government teams with highly educated job seekers need to indulge in specialized, authentically curated entrepreneurial workshops rather than academic classrooms already in the hands of job seekers. A revolutionary change is on the way.
Will ministries shrink to 25%? The world is changing fast; unstoppable forces will compress and shrink governments. Like or dislike, accept or reject, the power of speed and performance prevails. Intelligent AI technologies will eliminate up to 75% of government bureaucracy with fully digitized and highly agile, super-connected, 24/7 responsive bodies in the coming years. Coming economic collapses and sham wars will only hasten the process.
Last, For any business model, anywhere in the world, the customers are the “buyers” who only prove the validity of the existence of a small to medium sized business. Small and medium business customers are extremely grateful and loyal to companies ONLY those with superior performance, quality goods and services of real value.
Why SMEs are growing: Not through financing, but by acquiring new customers. Hence, these are the business challenges of lifelong learning, derived from real business experiences, upskilling and reskilling to stand up and differentiate against local, national or global competitive forces. Therefore, economic development without a job-creating mindset is daydreaming. Look at a few dozen economic development programs around the world, observe the skills of frontline leaders, and note their amazement at such narratives. The mindset of job creators needs to be added to balance economic development.
Watch, across centuries, how life-changing economic behavior trends have historically transformed the world; how darkness reigned before the lightbulb, today, how scavenger hunts with stagnation before digitization rule us. Before continuing your education, examine how lack of productivity has become the norm today. Adding the impact on failing economies shows how inability to export is now a standard before reskilling or rising to skills is accepted as an impossibility before the nation mobilizes entrepreneurship. The world is changing and minds need to catch up. Study special workshops on such topics and Expothon on Google.
There are no wars; just mind wars. As an inflationary crisis, fiscal imbalances and bogus economies are all man-made to fit a specific agenda. Uncontrollable are the restless citizens, unstoppable populism may be, while the networked five billion alpha dreamers are on the rise, as is the creeping wisdom of the world population to decipher the truth.
Capitalism will not let us down: The economic development is missing the connection. The deep silence about such debates provides the evidence. The games of skill are running. Airlines need trained and experienced pilots, but not the frequent fliers in the cockpits. Check out LinkedIn as digitization has exposed the glaring weaknesses of governments in the free world.
Jjust shoot your own foot; now in vogue, as geriatric-assisted leadership of the free-flowing, triple-hedged, five-star economies currently dancing in slow motion. The world is already on the brink of a nuclear strike; everything is fair game; the word MONEY has been unspoken for so long. Discussions of budgets and economic development become taboo, seeking and destroying doctrines that are slowly destroying one’s nations.
Well said Bill; “All the world is a stage, and all men and women only players; they have their exits and their entrances; and a man of his time plays many parts”. So do we only need a clown to run a government? since it’s just a stage, another variation of metaverse? Where do the citizens wander like spectators, hypnotized, hypnotized and categorized, waiting for the rise and fall of the curtain? The reality show of around 35 major elections between major nations of the world taking place in 2022 will tell a different story.
Why urgently needed? As the top national agenda, economic development in the free world needs revitalization, balanced mindsets and digitization to lead the national mobilization of entrepreneurship. Jobs and economic growth are now in the hands of the world’s SME sectors. Learn fast, fail fast, recover fast, do it entrepreneurially.
The rest is easy.