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SME Entrepreneurs – all effort, little impact? August 7, 2008

Posted by businessgrowthmastery in Entrepreneurial.
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Having read Luke Johnson FT review of “The Illusions of Entrepreneurship” by Scott A Shane, I was left wondering why we all bother…

The premise of the book is that

the entrepreneurs who matter economically are the select few who start innovative, super-successful firms. These tend to be the larger, well-capitalised projects planned by professional teams, not sole operators. All the other small new businesses created every year are pretty irrelevant in terms of job creation and value added. So, if you are not working on the new Microsoft or Google, then give up – you are not going to amount to much!

I find this mentality amazingly frustrating. It simply ignores the fact that micro-enterprises account for over 95% of all businesses and employ over 50% of the working population.

Yes, I’m sure that we would all like to create the next google, or at least generate the type of wealth that google has created for its founders, but being realistic, by applying a simple blueprint for business success,

we can create significant wealth, massive employment opportunities and add value to the economy.Yes, being an SME entrepreneur is hard but I believe that the impact that we have is massive and long may it continue.

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