EUROPEAN SME TRANSFER SUMMIT

Mar 26 2014
THE END OF STEREOTYPES?

 

Another extremely thought-provoking testimony came from Madi Sharma. This expert in entrepreneurship has established a group of eight businesses. The philosophy of the group is to create innovative ideas tailored to local action, which can achieve global impact and be beneficial to a sustainable society. Each of the businesses is run locally by managers who are brimming with enthusiasm, passion and business savvy.

 

Madi Sharma calls for realism. Many people are likely to buy businesses, but those who do so are those that dare to take risks. This type of attitude needs to be more highly valued in Europe. At present, this is not the case, especially as regards people who have faced business failure. The fact of creating jobs, generating growth should be more highly regarded.

 

Too many stereotypes persist in Europe concerning the ideal entrepreneur profile, who, in theory, should have a business school background and be surrounded by a multitude of advisers. In real life, things are not like that at all. Very few successful entrepreneurs have a university degree. Very few of them began by making a business plan. The business plan is only a gateway to financing, but you do not start up a business on the strength of obtaining financing. The key to everything is passion.

Business diversity is an issue that is not well understood in the realm of the advisers. And Madi Sharma raised this question: if advisers are so good at business, why don’t they create one themselves? At the end of the Big Debate, the audience was asked to vote : the majority agreed on the fact that given better support, many more people will be able to buy an existing company.



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