A few years back when we had a major financial crisis, governments did what they could to prop up their banks and financial institutions because they were deemed to be Too Big To Fail.
The logic went that if these companies collapsed then the entire economy of these countries would implode.
Now, consider this.
In many countries SMEs – Small & Medium Enterprises – represent 30%, 40%, 50%+ of the national GDP and oftentimes more than 50% of the country’s workforce.
So actually it is Small Business that is Too Big To Fail.
Be sure to support your local businesses whenever you can.
And be mindful that government efforts to prop up small business in general is not just good for those businesses, it might be the key to he survival of the entire economy.
#SMEs #smallbusiness #SMBs
