Are you planning to start a new business or restart your existing one?
In some ways it can be easier to start a new business based on the idea of Digital Entrepreneurship - there are no changes required - just set up a new business environment that supports your digital business model. Restarting and implementing the digital tools step by step can be more difficult since you need to take care of the existing business and the customers and other relations you have worked so hard to reach. In that case you need to create a "step-by-step" digitization plan to secure the change. Depending on if you are a solopreneur or have employees you also need to involve your staff or partners in the process. Maybe you need to replace staff/partners to get the required competences into your business - or maybe start a training process in parallel with the change.
Whatever it takes - you need to analyze the situation and start moving in the direction of a digitally supported or digitally based business.
Being innovative means to be open to change and not just open to change but proactively seeking change so it is always asking the question of what is next, what can we do better, what can we do differently and not just for the sake of doing it differently but to create more value than it’s currently created.”
We all know that a great deal of jobs are created by SMEs and still many governments believe that large enterprises, together with public organizations, are the base for employment. In South Korea an article in the Korea Herald gives us some interesting perspectives on the situation there - not only for the enterprises themselves but also for the individuals working in them.
"In 2014, small and midsized enterprises accounted for 99.9 percent of the total number of local businesses, hiring nearly 88 percent of workers, showed figures from the Korea Federation of SMEs."
If you are an Entrepreneur with some experience you have probably already faced several of the challenges that Dan Western, founder of the Wealthy Gorilla, mentions in this article posted by David Seagraves.
If you are working with entrepreneurs and individuals on their way to become entrepreneurs - these are 8 challenges that you need to prepare them for. To the article...
Open Innovation + Digital Infrastructure = Entrepreneurs able to solve real problems for Citizens all over the World
In this article from Arabian Business.Com you will find an interesting activity going on to make Dubai a startup hub for international businesses. You can find a number of key activities and key resources that it takes to support the growth of international startups and the effort to bring the competences and knowledge required.
This attempt to put DUbai on the global map of entrepreneurship and startups includes "Intrapreneurship" as a strategy to bring more ideas and innovative services to existing businesses and public organizations
Read the full article here...
Links to the Articles
The Internet of Things might seem like it only benefits large corporations with massive budgets, but the IoT has already started to bear fruit for small businesses, too. In fact, approximately 57% of small business think the IoT will have a significant effect on their bottom line, according to an AVG survey.
BI Intelligence expects that from 2015 to 2020, business investments in the IoT will grow from $215 billion to $832 billion. This is just one slice of the overall pie, as compounded, we project more than $6 trillion will be spent on IoT solutions between 2015 and 2020 among businesses, consumers, and governments.
Read the full article here
SME Academy 2017