Entrepreneurship is what built America into the great nation and superpower it is recognized as throughout the world. That statement alone should illustrate the power entrepreneurs possess and the ability entrepreneurship has to create inconceivable opportunities. Entrepreneurship is the gateway to job creation and economic development that helps to add continual growth and continual progression within the global society. This means the continued development of entrepreneurs is greatly needed in order to produce a solid infrastructure of productive businesses that lead to much-needed employment stability.
Productivity is the key word to focus on because this is what entrepreneurs bring to the table when their businesses are brought into the marketplace. What I mean by this is when businesses are created; they usually have to invest into other businesses and individuals for certain needs to be fulfilled. This in turn not only generates potential employment opportunities by the newly founded business but also increased sales and potential growth for the business being outsourced from. This is because entrepreneurs, like any other business, have to invest in products and services that help to sustain their business operations; which means increased productivity being spread around. It would seem safe to say that successful entrepreneurship produces a vibrant society due to a concentrated effort to develop sustainable businesses that create an efficient economic system.
Presently though, the power within the economic system is not in the hands of the entrepreneurial community but that’s only momentarily. The world recognizes that it needs entrepreneurial ideas along with entrepreneurial work ethic in order to recreate a functioning society that enables widespread opportunity to obtain a reasonable quality of life. You see, the potential impact of successful entrepreneurial endeavors exceeds beyond business operations, it expands into numerous aspects of life. Innovative ideas brought to the marketplace by entrepreneurs help to transform peoples’ lives by diversifying their options in their pursuits for their needs and wants. Giving people the ability to function properly and prosper during challenging times is what the entrepreneurial community provides by competing aggressively in the conquest for self liberation in a tightly constrained society.
Entrepreneurs will be tasked with the responsibility of correcting the economic problems and steadily eroding job situation in the global marketplace. Forget government initiatives and corporate restructuring, the answer to the current problems have to be answered with increased entrepreneurial activity. I am not saying that the government nor do corporations not serve a legitimate purpose; they just do not know how to correctly execute in these uncertain times. Entrepreneurs in turn can produce much-needed results because they have key insight into marketplace needs and consumer needs. Entrepreneurs are able to be flexible in their capabilities due to their focus on the consumer experience and the need to attract positive demand for their services and products. Increased entrepreneurship also means accelerated competition creating more options for consumers to consume by their own terms. Entrepreneurship done right and cultivated in a supportive environment will produce great rewards for businesses and society as a whole. We must quickly usher in the next wave on business leaders and thought leaders whose entrepreneurial endeavors will help to introduce a new economic framework for the global community.