Updated: Jan 13
Enough writing about the Covid-19 situation. We are flooded with information about it, daily.
Instead, I'd like to talk about the people we often do not see because they hide in the shadows: entrepreneurs.
Entrepreneurs, business owners, are maybe facing the toughest times they've ever had, regardless of their business size and industry.
They will suffer, but I am sure that they will also fight as hard as they can because they are passionate about what they do. This is their lives.
All entrepreneurs I've been talking to through my podcast are genuinely concerned about their people, before their own sake. I know some whom have decided to stop paying themselves a salary so they could keep their staff on the payroll. Entrepreneurs usually understand people's value. They realize that their businesses cannot thrive if their employees do not thrive.
According to the World Bank's website, SMEs represent about 90% of businesses and more than 50% of employment worldwide. Formal SMEs contribute up to 40% of national income (GDP) in emerging economies. The impact SMEs make among the world economy is huge.
We do not often pay tribute to the SMEs' driving forces, the entrepreneurs. Instead, we hear these stories about greedy corporations that abuse their people and their customers, and we tend to put everybody in the same basket. As a result, most business owners, the real ones, those who really care, are discredited.
Today, we need to support entrepreneurs to tackle the turmoil, even more than before. Replace physical social distancing with remote social interactions. Help entrepreneurs create solutions to pivot their businesses, and find their ways out.
Because once they have passed the turbulence zone, they will continue to create jobs and boost the economy.
Now is the time to celebrate them.