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We do need Entrepreneurs?

Article By: Dr Anchan C K
Personal finance

"There is a better way, and I will find it." Being entrepreneurial means charging down a new path, staying alert to opportunity and taking risks to seize the opportunity

Submitted:Jul 7, 2012    Reads: 18    Comments: 0    Likes: 0   

We do need Entrepreneurs?

Everyone loves a hero-a person whose values we revere, whose accomplishments we respect. We admire and appreciate people who venture forth to try something new and end up benefitting a host of other people. These qualities describe the essence of entrepreneurship. An entrepreneur is one who asserts, "There is a better way, and I will find it." Being entrepreneurial means charging down a new path, staying alert to opportunity and taking risks to seize the opportunity

It means having energy, vision, optimism and daring to try something new. An entrepreneur is anyone with both an idea and the willingness to take the idea to the marketplace. Creativity and risk taking are two essential elements of entrepreneurship. Entrepreneurs can be found everywhere, doing just about everything-from starting a new restaurant to creating a new technology or invention.

Entrepreneurs often put their money or their reputations on the line. Some wish to become rich and famous. Others wish to make themselves, their families or their communities better off. And some seek pure adventure-to challenge the limits of their capability. Regardless of motive, the entrepreneur's goal is to improve things.

An entrepreneur is a person who comes up with a new idea or invention and brings together a country's resources namely - land, labor and capital to take the idea to the marketplace. Entrepreneurs manage and assume the risk of a business enterprise. They improve established products and services, or they create new ones. Entrepreneurs are vital to economic growth and, consequently, to higher living standards.

A very core and fundamental role is played by entrepreneurship in any economy, Entrepreneurs and small business owner are a vital part of our economy. They are well thought-out as the "risk takers" and the heartbeat of a nation. Without entrepreneurs opening businesses, there is no employment for other people. Without entrepreneurs requirements for jobs will only increase and the supply will only decrease, as seen in our economy today.

If an entrepreneur constructs a business that is successful, it will not only persuade the needs of the consumers who will continue to acquire, but it will also append more and more jobs, creating a demand for employees. With the help of greater demand for goods and services, the better the demand for employees.

The accomplishments of entrepreneurs in our modern world have been possible because of a climate of individual freedom that is so rare in human history. The society that does not honor entrepreneurial accomplishment will find fewer able people engaged in wealth creation. History has shown time and again that economies that appreciate the benefits created by entrepreneurs flourish.

Entrepreneurialism makes something happen. It takes nothing and turns it into something. It takes what used to work and makes it work again by being innovative and creative. Entrepreneurialism is something big. It is solving a problem bigger then one's self.

Our world needs Entrepreneurs like Bill Gates, Walt Disney, TATAS, who created history. The only thing that separates anyone from these successful entrepreneurs is the belief in oneself.

Anyone can become whatever they want to be, when they believe in themselves and work towards that goal.......


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