blog writing #international leadership and entrepreneurship

Today, Small and Medium Enterprises (SMEs) play a significant role in most economies, especially in developing countries. The majority of businesses worldwide are as a result of SMEs, and they play a vital role in the creation of employment and global economic development. Currently, approximately 90% of businesses and more than 50% of employment worldwide is as a result of SMEs, and they contribute to up to 40% of national income (GDP) in developing economies (Keskġn, 2010). Therefore, as SMEs grow in size, there a need for the entrepreneur to evolve and adapt to the changes as fast as possible. It usually takes a special kind of individual to make an entrepreneur and formulate an idea, and put the same idea in action. To be an entrepreneur, you have to be ready to take risks and see the reward, not the risk's negative side.