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  • Essay / Importance of Entrepreneurship - 619

    What is entrepreneurship and is it right for you? The intention here is not to sound blunt or crude, but the truth is that entrepreneurship is the opposite of what charity is: little room, if any, for benevolence and brotherly considerations . Either way, a successful entrepreneur ends up contributing more to society than a single charity without innovative ideas. Successful entrepreneurship leads to increased employment and improved living standards of people. This has the effect of reducing criminal activity and therefore the more entrepreneurs the better for everyone. So, what is entrepreneurship? Entrepreneurship is essentially the ability to employ resources, regardless of their size, to create a business. And fundamentally, the driving force is profits, even for small businesses. Without profits, the entrepreneur cannot recover the initial capital invested and cannot develop his business and therefore cannot use the services of anyone else, and the deficiencies continue until it becomes a daily merry-go-round with no prospects. So, be...