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    Entrepreneurial importance
    Hello everyone,

    This is my first post and I will keep it simple.
    I would like to know why you think entrepreneurship is important for all of us in today's world. I would like to be an entrepreneur someday and would appreciate your opinion on this topic. Based on my research and studies I found that:

    1. Entrepreneurs generate new ideas and make life better for human kind.
    2. Entrepreneurs bring Social Change.
    3. Entrepreneurs create wealth for the nation.
    4. Entrepreneurs are optimistic and future oriented; they believe that success is possible and are willing to take big risks. They bring the change which other people just dream of.
    5. Entrepreneurs encourage and help other people to start businesses because they know teamwork is very important and they care about their community and other people passion.

    What do you think. I would like to know your thoughts & opinion on this.

    Thanks.


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    Entrepreneurs also want money, lots of it...well me and the other ones I know anyway! Lol!
    I agree with you 1-5 absolutely 100%!
    Most people dont realize #3. Small businesses create jobs in local communites that stay in local communites. More $ is spent and more jobs are created. Wealth circles through communities that support each other.


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    There are different types of entrepreneurs you have to take into consideration of as the structure of their business could have a variety of effects. Examples are like McDonalds and Walmart which uses cheap labor and materials to surpass their competition in prices. Where as there are Entrepreneurs who teaches their secrets and tips at a price digitally or through books. There is a sort of mentality of the public that makes some people disdainful of these Entrepreneurs' wealth because of all of the shady businesses, especially online, out there. Personally, I think that entrepreneurship is valuable when there are standards and the type of person each entrepreneur is.


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    #4
    Join Date
    Jan 2016
    Location
    Kelly village, Caroni, Trinidad and Tobagp
    Posts
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    This is good research mgusain.
    I think the entrepreneurial mindset is what has caused a lot of the global development and is needed even more now with so much more problems.
    Some people maybe employees or corporate leaders/managers, and even though they may not be entrepreneurs in their work they may have the mindset to cause most of the results you listed.
    An example if JFK. When he gave that famous speech, saying that, "before the century is out we will put a man on the moon", the technology was not yes available to get the job done.
    What that did was inspired all the scientist and engineers to start working on the technology to complete the mission.


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    hi
    https://www.smallbusinessforums.org/...streply&t=1356


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    Another way entrepreneurs can be very important is when they pursue social ventures. Entrepreneurial minded people have the determination and vision to create something out of nothing, and when they put this energy towards bettering the world in some way, there is a lot of good generated. A lot of the time this is a more sustainable approach to helping people/animals/planet than regular non-profits, because social ventures don't just seek funding from donations and grants. They actually earn money that keeps them growing and keeps them sustainable. Microloan organizations are an example of this. They give out small loans to individuals (mainly women) in rural or third world countries to help them start their own small businesses, and in return, the organization makes money and can grow as the loans are paid back with interest. The organization can then scale and give out more loans in more places, thus helping more people.


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    Quote Originally Posted by j.comp View Post
    Another way entrepreneurs can be very important is when they pursue social ventures. Entrepreneurial minded people have the determination and vision to create something out of nothing, and when they put this energy towards bettering the world in some way, there is a lot of good generated. A lot of the time this is a more sustainable approach to helping people/animals/planet than regular non-profits because social ventures don't just seek funding from donations and grants. They actually earn money that keeps them growing and keeps them sustainable. Microloan organizations are an example of this. They give out small loans to individuals (mainly women) in rural or third world countries to help them start their own small businesses, and in return, the organization makes money and can grow as the loans are paid back with interest. The organization can then scale and give out more loans in more places, thus helping more people.

    Yes, you are absolutely right, I do appreciate your words. A little bit it also confuses me how it is so important, now I got it. Thanks for sharing your point of view.


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    Last edited by Srijana Pandey; 03-05-2020 at 03:39 AM. Reason: mistakey I write wrong there so I want to correct it
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