The 21-hour rant on twitter by Pishevar painted a dark future for the American big multinationals such as Apple, Microsoft, Amazon, and Google but what did he have to say about small businesses? Throughout his 21-hour tweets, Shervin Pishevar focused on warning his followers about an impending economic crisis without providing much on how such a crisis could be handled. A close analysis of his tweets, however, reveals that there is hope for small and medium businesses in the country.
Pishevar’s tweets suggest that the different multinationals that have dominated the global market such as Apple, Microsoft, Amazon, and Google would collapse in the future and allow the small businesses to spur the American economy forward. Small businesses, however, must position themselves properly and capitalize on the expected system failure by focusing on digital currencies. This way, they will have a competitive edge over multinationals in the future.
Although he did not take much of his time discussing the future of SMEs, Shervin Pishevar dedicated numerous tweets to posit that entrepreneurs are often stateless in terms of mobilizing natural resources. He pointed out that globalization has allowed even the small businesses to build the capacity to compete with multinationals. This is because online platforms have removed the traditional barriers that hindered growth in various sectors.
How small businesses can compete with multinationals according to Shervin Pishevar
Pishevar suggests that small and medium businesses could capitalize on technology to get a competitive edge against already established brands such as Apple, Microsoft, and Amazon. He believes that the digital platform has made sourcing of capital among small businesses easy and this could be a defining factor in the future of business competition.
He also maintains that digital currencies provide an opportunity for small businesses to raise the capital they need to expand their operations. Shervin Pishevar believes that digital currencies provide a unique opportunity for the small and medium businesses since they enable the businesses to access financing easily. A small business does not have to use the traditional ways of borrowing that involved visiting financial institutions.