Do you believe that SMEs (Small and Medium Enterprises) are the future of the global economy?
Maybe online, but not in the brick and mortar business world. As the developing world grows into first economy status, the same old fights between the big companies and the little guys will continue. Some industries are hurt more than others.
I hear this a lot: small business (or those under a 1,000 employees) are the future. This great comeback of cottage industries is the new hot thing. But I don't see it. Look at our major cities. Take my hometown of New York. It's gentrifcation central. All of the independently owned diniers and other restautrants are closing. Small boutiques are shutting down too, mostly driven by internet sales but regulation and high real estate cost is a part of it. Chains are replacing everything. Even "indpendent" restaurants owned by well-known chefs/celebrity chefs are really part of LLCs or are just 1 property of several owned by that person. The startup brew pubs and other "craft" shops are well funded by wealthy individuals. The small grocery stores are still disappearing despite the concept of the urban village. Manufacturing is virtually impossible on a smaller scale, especially in a major city.
My new home area of Seattle is the same way. it's a corporate town run by chains despite its determination to be independent and offbeat. Amazon, Microsoft, Boeing, Paul Allen's Vulcan Properties and Costco are the major players. They may talk a good game about keeping small suppliers in business but will eventually swallow them up as well. Just to save the Pike Place Market took years because developers want that space.
The fight for the small retailer online will always go on. If I can use an old term, it's a battle for bandwidth.
by Jyoti Kothari 8 years ago
What can be the best marketing strategy in India for small and medium businesses?
by Grace Marguerite Williams 5 years ago
What causes daughters in small and medium sized families (1-4 children per household) areadored, idolized, and considered princesses by their parents whereas daughters in large and very large families (6 and more children per household) are often viewed as human commodities and mascots by their...
by ga anderson 6 years ago
What basic handyman tools should a non-handyman have in a home toolbox?
by Alternative Prime 2 years ago
You won’t believe this one ~ This latest news is nothing less than a Stunning Development and believe me, I don’t take great pleasure in reporting this potentially “VOTE Nudging” news to those rabid TRUMP Supporters who may be unaware of the FACTS ~ Remember that “Master Negotiator...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|