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More handpicked essays just for you.
What is the importance of self-employment
Contribution of entrepreneurship to the economy
Importance of entrepreneurship in the economic development of a country
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In today’s society, the key factor of entrepreneurship is to allow people to become self-supporting. Entrepreneurship is an employ approach that helps lead people to financial self-sufficiency, even for people with disabilities. Entrepreneurship supplies people with disabilities and their relatives with the prospective to consider and establish enterprises as the boss, rather than just being an employee. Many possibilities come from entrepreneurs and their concepts that they contribute to the world. They can assist to the moneys in a number of ways. There are exceptional ways that entrepreneurs add value to America’s capitals is through investments, paid work, providing diverse goods and services, worldwide trade, and much more. The enterprises conceived by entrepreneurs supply levy revenue to local, state, and or the government. Goods and services help the funds by providing buyer earnings where buyers will give portions for products and services that is then advanced to be granted to the investments.
Secondly, entrepreneurship is significant to the American capitals since it forms innovative job possibilities. New kinds of businesses are formed in every era of time since technology and interests of the people continue to change, Innovative business concepts reel in American persons and their investments. The United States of America is known for its authority in innovation such as sustainable fuels for vehicles, diverse types of amusement, improvement in the medical industry, and new styles of dining and types of eateries. These innovations and more can only be found in America, and tourist from all over the world will pay premium charges for it. With certain innovations, such as Chicago and its deep dish pizza, America will bec...
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... the most influential people in the world, Gates had to have the work ethic and determination to get there. With great work ethic he started, as a child, with debugging computers for local people in his town. This also started his love for computers, and as he researched and started figuring computers out he became more skillful with them. After he started debugging computers, he began to dabble in writing software programs, his first program that he and his friends made was a computerized payroll system for his high school. Gate impact is pelt for generations. The top entrepreneurs are those who revolutionize business, exposed opportunities for others and innovate the way we suppose and subsist, while we expect these one and women to be the prime of the best, their accomplishments are varied and not easily liken and, therefore, they are not rankly on this list.
...same level of access? Why was Gates ultimately more experienced and successful than any of them? Gates said it was his “obsession” (52). He had a passion for computers and programming that drove him to sneak out at night and put in those long hours necessary to become an expert.
After having helped found what would be the world’s most popular and largest software company in 1975, Bill Gates officially found himself to be the richest man alive at the ripe, young age of only thirty-one. Gates had never imagined that the thirteen year old boy who loved to program computers in his parent’s garage would one day find himself to be considered the world’s wealthiest man alive, having a total net worth of $76 billion. Having began on his own, tinkering with computers and computer software, Gates later created the seed of Microsoft, or what was originally called Traf-O-Data in the summer of 1972. (Fast Facts) It wasn’t until two years later, with the help of his co-founder, Paul Allen that Microsoft was born, transforming the technological world in ways that the people had never seen. The birth of Microsoft changed the ways of old computers, making way for faster newer and more innovative technology, along with bringing on a strong competition with their rival company, Apple Inc. With this grand cooperation, Bill Gates was also accumulating a large mass of money, gradually finding himself to top the charts of the Forbes World Billionaires List. (Fast Facts) Despite being well known for his contributions to Microsoft, Bill Gates’ most profound impact on the American culture was in medical and educational advances provided by The Gates foundation, paralleled by his philanthropic views and aid in the lives of the both poor and wealthy.
The world is filled with many ambitious people looking to make a product to help the world and make a living for themselves and their families. These people are known as entrepreneurs. An entrepreneur is someone who organizes and operates a business or businesses while running the risk of losing everything to make money. One might ask why there is a risk ...
Entrepreneurship keeps the US economy flourishing, creating
For entrepreneurs whom are willing to accept the risk associated with starting a business, some have made themselves extremely wealthy. Although our economy is focused on capitalism as a means of promo...
As Percy Bysshe Shelley said “There is no real wealth but the labor of man.” Often called the land of opportunity, the United States of America is known for its free market economy. In this free market economy, America has planted the seed for future entrepreneurs. Throughout time, this seed will eventually grow into a tree that will bear the fruits of one’s labor. However, many entrepreneurs have found different ways to cultivate this seed to bear fruit.
Bill Gates has successfully changed two huge aspects of the world. His passions have affected billions of people, and he keeps going. Bill himself said this: "If I had set some sort of finish line, don't you think I would have crossed it by now?" (Bill … Quotes). Bill Gates has been, is, and will continue to be someone who works tirelessly to make
There has been a large amount of attention paid to the subject of entrepreneurship in the last few years; mainly because most people have chosen to go from working for somebody else, to be their own bosses and work for their dreams. Nevertheless, many still wonder what is entrepreneurship and what is that sets entrepreneurs apart from other regular business owners. At first, it seems both concepts do not differ much from each other since they both start up and run businesses and assume risks to pursue opportunities; however, there are certain traits that difference them.
The global leader I have selected has so many qualities that words are not enough to describe his success and his effect in the way we live and see life. His name is William Henry Gate III or as we all know him as Bill Gates. William Henry Gate III was born in Seattle on 1955 and was raised in a wealthy family. His father was a successful attorney and his mother was a top executive at a national bank. This upbringing gave him the opportunity to study in the most prestige school on his state where he discovered his love for computers.
"Entrepreneurs who start and build new businesses are more celebrated than studied. They embody, in the popular imagination and in the eyes of some scholars, the virtues of "boldness, ingenuity, leadership, persistence and determination." Policymakers see them as a crucial source of employment and productivity growth. Yet our systematic knowledge of how entrepreneurs start and grow their businesses is limited. The activity does not occupy a prominent place in the study of business and economics.
Nowadays, entrepreneurship becomes most popular career, where our government encourages our graduated student to involve in business so that unemployment will not happen in our country. Policymakers, academics, and researcher agree that entrepreneurship is a vital route to economic advancement for both developed and developing economics (Zelealem et al., 2004). Entrepreneurship has many types for example small business and others. Today small business, particularly the new ones, is the main vehicle for entrepreneurship, contributing not just to employment, social and political stability, but also to innovation and competitive power (Thurik & Wennekers, 2004).
Entrepreneurship, innovation and economic development are the key factors of a successful business. These concepts are inter-linked and this essay will further explore and elaborate the relationship they have with each other. Additionally, sustainability also plays a role in this relationship and contributes greatly to a business’ success and reputation.
Entrepreneurship is the process by which an entrepreneur ventures into a newly created business by focusing on its early stages and its general development process with the aim of making a change, for value, profit or the betterment of society and life. As is typical to the constant changing in the high technology sector, the entrepreneurship lifecycle and the progress undertaken by an entrepreneur is exemplified by Gehrich (2012) This is further expanded on by Andries and Debackere (2007), who outlined the process of initiating the business idea at the start-up, following which what happens during the development process and subsequently the final stage which mark the end of the entrepreneurship life cycle. Apple is a prime example of an entrepreneurial
Entrepreneurship is a key driver of our economy, wealth and the majority of jobs are created through entrepreneurship, and it also helps and educates people in terms of growth and realizing opportunities (Nolan, 2003). Entrepreneurship is also seen as one of the important contributing factor to local development (Nolan, 2003).
Business involved by two or more members of the family and is owned within the family is the simplest way to define family business. In this type of business the positions in the company is filled according the family blood. The founder of the business is usually the skull of the company, the rest of the positions are taken place by the family member which are usually higher positions where else other positions are filled by non family members.