Importance Of Entrepreneurship And Small Business

When faced with the word “Entrepreneurship”, most people would think of ‘opening a business’, ‘innovation’, ‘new discovery’, ‘new idea’, ‘being your own boss’ and so on. We have heard these words so frequently that we automatically confine the entire concept of Entrepreneurship into these keywords. However, Entrepreneurship is not solely about them. Entrepreneurship is a broad concept and different people—experts, lecturers, entrepreneurs themselves—may come up with their own definition.

According to Wharton University professors (n.d.), “Entrepreneurship means a creation for a new enterprise.” While most of them agreed on that definition for academic base, each of them came up with similar-yet-different definitions of their own in terms of

Truthfully, being an entrepreneur has never been my primary goal after graduating from university. My family has no background in opening and managing businesses. In fact, I am more interested in being a manager in a company. Despite that, I think there is still a lot of benefits I can obtain through the materials thought in this class. I think, what I will learn in this class is not only beneficial for those who aim to be entrepreneurs. I believe that it would also be beneficial for me even when I become a manager. Most of these days, managers are also demanded to be “entrepreneurs inside” (Schlesinger & Kiefer, 2014). In my opinion, managers in companies also need to have entrepreneurial behaviors, such as the way of thinking, the ability to strategize, the ability to innovate and come up with new ideas, how to approach problems, how to manages one’s own resources to achieve a certain goal. Also, whether in their job or everyday life, people are always faced with decisions to make, opportunities to find and risks to face. As I have mentioned before, learning entrepreneurship can teach a person to spot opportunities, face risks, minimize loss, etc. Thus, I think learning entrepreneurship can also help me in my future job and everyday life. Last but not least, learning entrepreneurship is also beneficial as it serves me knowledge for I will be facing a lot of people, including entrepreneurs, if I do work in a company. Working in a company pretty much relates to business and I think it is essential for me to know more about entrepreneurship in order to face my tasks and