Came across this excellent video on entrepreneurship
Here are a few additional quotes from this website
http://www.povertycure.org/voices/andreas-widmer/
“Research has shown that in prosperous countries, 95% of all companies are small and medium-sized companies. They employ seventy-five percent of the entire workforce in places like Europe or, or America. They contribute— over fifty percent of all the GDP comes from SMEs, not from multinational large corporations. If you look at that same distribution in emerging markets, in poor countries, you see that there are a lot of very small companies and a few very large companies and nobody in the middle.”
“Yet we know that that middle is what carries the economy, that is how you grow an economy and create a middle class. That is called the Missing Middle. And one of the things we really need to start focusing on is how do you grow that Missing Middle in emerging markets; how do you get these small and medium-sized companies to grow.”
Tuesday, October 18, 2011
Entrepreneurs see an additional color
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