We have often heard this term called Entrepreneurship, but what does it actually mean? An entrepreneur is someone who develops a business model, acquires the necessary physical and human capital to start a new venture, and operationalizes it and is responsible for its success or failure. In layman’s terms we can say launching and running a new business. The people who build these businesses are know as entrepreneurs.
In the area of economics, the term entrepreneur is a person with the ability of producing updated technologies with optimum utilisation of resources.
However, some people thinks that entrepreneurship has no scope in future and working for an organisation is more a long term approach. Based on my knowledge and thought, the upcoming years will be more inclined towards entrepreneurs. After perusing your graduation, you may open your own start up. It is no secret that entrepreneurship greatly contributes to increasing job opportunities in the country. Moreover, as they provide entry-level jobs, it creates a great benefit of unskilled workers to get trained and gained experience. Hence, entrepreneurial ventures essentially prepare and enhance the skills of the workforce for large industries.
Most entrepreneurs are ‘givers. ’ They have struggled and worked hard to attain success, and hence, try to make the life of others easier.
The some famous entrepreneurs who have made a huge social impact are Bill Gates, Azim Premji, Warren Buffet, and Manoj Padaiyachi.
Furthermore, it increases the standard of living. It is the. Ability to consume variety of goods and services. By providing ample of job opportunities, it also gives a better quality of life. With just individual earnings, which also plays an important role in increasing the size of living gives plenty of commodity to consume. Hence, there’s no doubt that entrepreneurship increases the standard of living of the people of a country.
Despite of knowing that entrepreneurship is a key to boost the economies, specially for the developing countries. Still there is no support from the government for the youth. Therefore, Education sector should provide necessary knowledge about entrepreneurship at the school level.
We have
often
heard this
term
called Entrepreneurship,
but
what does it actually mean? An
entrepreneur
is someone who develops a business model, acquires the necessary physical and human capital to
start
a new venture, and operationalizes it and is responsible for its success or failure. In layman’s terms we can say launching and running a new business. The
people
who build these businesses are know as entrepreneurs.
In the area of economics, the
term
entrepreneur
is a person with the ability of producing updated technologies with optimum
utilisation
of resources.
However
,
some
people
thinks
that entrepreneurship has no scope in future and working for an
organisation
is
more a long
term
approach. Based on my knowledge and
thought
, the upcoming years will be more inclined towards
entrepreneurs
. After perusing your graduation, you may open your
own
start
up. It is no secret that entrepreneurship
greatly
contributes to increasing job opportunities in the country.
Moreover
, as they provide entry-level jobs, it creates a great benefit of unskilled workers to
get
trained and gained experience.
Hence
, entrepreneurial ventures
essentially
prepare and enhance the
skills
of the workforce for large industries.
Most
entrepreneurs
are ‘givers. ’ They have struggled and worked
hard
to attain success, and
hence
, try to
make
the life of others easier.
The
some
famous
entrepreneurs
who have made a huge social impact are Bill Gates,
Azim
Premji
, Warren Buffet, and Manoj
Padaiyachi
.
Furthermore
, it increases the standard of living. It is
the.
Ability to consume variety of
goods
and services. By providing ample of job opportunities, it
also
gives a better quality of life. With
just
individual earnings, which
also
plays an
important
role in increasing the size of living gives
plenty of commodity
to consume.
Hence
, there’s no doubt that entrepreneurship increases the standard of living of the
people
of a country.
Despite of
knowing that entrepreneurship is a key to boost the economies,
specially
for the
developing countries
.
Still
there is no support from the
government
for the youth.
Therefore
, Education sector should provide necessary knowledge about entrepreneurship at the school level.