Small business constitutes a major force in the global and local economy
Small business constitutes a major force in the global and local economy.
There are more than 100 million small businesses in the world, and they generate about 60 percent of the Gross Domestic Product (GDP) and 65 percent of the jobs worldwide.
The millions of individuals who have started businesses have shaped the business world as we know it today. Some small business founders like Henry Ford and Thomas Edison have even gained places in history.
Others, including Bill Gates (Microsoft), Sam Walton (Wal-Mart), Steve Jobs (Apple Computer), Michael Dell (Dell, Inc.), Steve Case (AOL), Pierre Omidyar (eBay), and Larry Page and Sergey Brin (Google), have changed the way business is done today. Still millions of others have collectively contributed to our standard of living.
Aside from contributions to our general economic well-being, founders of small businesses also contribute to growth and vitality in specific areas of economic and socioeconomic development. In particular, small businesses do the following:
Provide opportunities for many people, including women and minorities, to achieve financial success and independence
In addition, they complement the economic activity of large organizations by providing them with components, services, and distribution of their products.
The AISBX is a new securities trading licensed platform under the supervision of the AIFC. The objective is to support SMEs to gain more access to international capital market funding resources and complete the capital funding ecosystem.
A mission statement can be a powerful tool to help ensure your company remains consistently excellent and focused. It is your "why" - it's why you exist. Your strategy. Your core. Your vision. Your identity. Your culture. And it can steer you toward success.
Are you working out of your garage, in your bedroom, a motel room, or a friends space that they aren’t using on the weekends? Listen, it happens. We all have to start somewhere – the big thing is that you started. So many people have had ideas for companies and just sat on them because taking that initial leap is too risky – but you did. And you’re in good company.
The heroic story of going from somebody’s garage to being worth billions has got to be one of the most compelling tales within entrepreneur and startup folklore.