This week we launched a newsletter called The Edge Insight Series The vision for Edge Insight Series is for it to provide valuable insights, tips, and resources for businesses and organizations of all kinds. Small and Medium-sized Enterprises, to a startup, decision makers in corporate organizations, nonprofits, government agencies, international organizations seeking to secure a foothold in Nigeria and individuals seeking career development. The newsletter will help them navigate the challenges and opportunities in the business world. By subscribing to The Edge Insights Newsletter, your business or organization will get tips and on topics such as: Strategies for business growth Market trends and analysis Tips for effective leadership Innovation and technology in business From this newsletter we also hope to encourage engagement with our audience by featuring a section where subscribers can share their own success stories, tips, or questions. It will also feature stories of clie
Small and Medium Enterprises have been around for as long as humans have learnt to trade. However in the last few decades, SMEs have grown in scope beyond being father and son/mother and daughter business units to become bedrock of economies all over the world. According to Investopedia, even in an industrialized economy like the US, Small and Medium Businesses comprise more than 99% of all firms. They also contribute to 43.5% of the GDP and pay 39.7% of the entire U.S. private payroll. Furthermore, in spite of the massive conglomerates and tech LLCs that have emerged in the US since the 90s, Small businesses have still created 4.8 million more new U.S. jobs from 1995 to 2020 compared to large businesses. Similarly in Canada, majority of businesses are SMEs and they contribute an estimated 43% of all Canadian exporters. The trend is the same in emerging economies. In Nigeria for example, SMEs contribute an estimated 48% to the country’s GDP. Even from the mere percentage of their