The playing field has changed, irreversibly. Jobs are not as readily available as the graduates coming out of colleges are. The gap is growing and will create a chasm too large to fill by government supported projects to create more jobs. A reality check is needed. Now.
This is where Entrepreneurship comes in. An Entrepreneur is self-motivated and a risk taker/adventurer. Key traits to succeed in this highly complex & competitive entrepreneurial environment.
Statistically, the SME sector accounts for a sizeable percentage of multiple factors. The World Bank states that SME’s represent about 90% of businesses and more than 50% of employment worldwide. SMEs also contribute up to 40% of national income (GDP) in emerging economies.
In Dubai alone, SME’s make up nearly 95% of all companies, employing 42% of the workforce and contributing around 40% to Dubai’s GDP. With these figures one cannot argue against the push for entrepreneurship.