Essay On Importance Of Entrepreneurship

How important is entrepreneurship in the development and growth of the economy of this country

To understand the role of entrepreneurship in the development of our economy one has to simply define what it means to be an entrepreneur. ‘’An entrepreneur is defined as someone who is creative and identifies an opportunity or gap in the market and evaluates the risk related to the establishment of the business and is prepared to take the associated risk to start the business in the quest for making a profit”( Business Management, a contemporary compilation 2nd edition)

Entrepreneurs are essential in our economy as they are the ‘’engines” to job creation and employment (Rebecca O Bagley, Forbes May 15, 2012). Entrepreneurs provide a path to the

They ensure that they comply with all the rules and regulations of the Labour Relation Act by protecting their employees from unfair dismissal, discrimination, harassment and all internal threats the organisation may face. They provide their employees with the best working conditions, remunerations, benefits and promotions. It is essential for employees needs to be satisfied because this will lead to productivity as they will provide their customers with the best services if they are also happy.

 Spur also focuses on the relationship they have with their valuable and loyal customers. They cater for the whole family and not just a specific age group. They give away food vouchers to children on their birthdays and this helps them stay ahead of the highly competitive industry as they are one of the only family restaurants that do this. On every meal, children receive free toys. There is an outside playroom and playground for the children which consists of video games and trampoline. Spur also hosts birthday parties for the children at discounted prices and they also receive free party packs. Adults are given free desserts on their birthdays and this goes back to their strategy of providing for the whole family. Spur has weekly specials on their products such as ‘Free Burger Mondays’ where customers get two delicious burgers for the price of one and ‘20% off on all steaks-Thursday’

Spur cater for different socio economic, religious and cultural groups. They strive to be ethical and not against others beliefs. They have a Halaal option for Muslims and have been certified to serve food that comply with the Muslim religion. They have healthy eating options which are sugar fee and have low salt. Vegetarian options are also available for customers. There is also an option to choosing side vegetables with your meal instead of the conventional option of chips and onion rings. They also have options of upsizing their meals and drinks. Whatever the customer wants, Spur promises to deliver.

 Their services are exceptional as they make sure that the customer gets exactly what they want. Customers can choose to have their steaks grilled or fried. Spur is an all-round smoke free zone. Spur’s operating hours are from 9AM- 11PM which ensures convenience for all their customers. There is an online website where customers are given the opportunity to order online and have their meals delivered directly at their homes within