Value Of Entrepreneurship Essay

The Value of Teaching Entrepreneurship

An essential function of a family is to teach important values to their children. There are many important values that usually come to mind, but entrepreneurship is often overlooked. Children who are raised with the trait of entrepreneurship and decide to apply in their lives see life from an entirely different perspective than non-entrepreneurs. Entrepreneurs see opportunities all around them to make a profit and tend to make better financial decisions. Non-entrepreneurs do not take on projects with much risk involved and they do not see opportunities and everything. Entrepreneurs are more likely to have successful and rewarding careers. Therefore, entrepreneurship should be taught to children to enrich their future.

Several aspects

One of the biggest expenses for most children is their college education. Entrepreneur start making money earlier in life than most people and therefore has more time to save up money for big expenditures. Another advantage to becoming an entrepreneur is there is no limit to how much you can make compared to an hourly wage earner. If you have a good business product or service you can charge less than a big company with lots of overhead costs, and you can make much more than non-entrepreneurs and minimum-wage. An example of this is when you can charge less than a big company with lots of overhead costs, and you can make much more than non-entrepreneurs working for minimum wage. An illustration of this is when Maury Klein highlights “While still in high school, he ( Warren Buffett) and a friend but a pinball machine for twenty-five dollars, installed it in a barbershop and Sue netted $50 a week from it” (54). This is a wonderful example, Buffett saw an opportunity and his high-risk for spending twenty five dollars upfront for a pinball machine showed he believed that his bed with pay off, and it really paid