Who is an entrepreneur?
An entrepreneur is someone who manages and organizes any form of business. Who has the ability to take initiatives, motivate others, work in a team and become a leader. He is a man who starts his own business not looking for work but giving many people a hope of life.
Why Entrepreneurship?
Entrepreneurship plays an important role in the case of the economic development of a country. Many of our country’s problems would be solved if people began to consider entrepreneurship as the first option for their career.
Employment:
One of the biggest problems in our country is “Unemployment”. Let’s see how entrepreneurship addresses this problem.
Current employment opportunities can only serve 5-10% of the population. Entrepreneurs create employment both directly and indirectly, directly through self-employment as an entrepreneur and indirectly by starting many industrial units where they offer jobs to millions of people. Therefore, entrepreneurship is the best way to fight the evil of unemployment.
national income
The National Income is made up of the goods and services produced in the country. The goods and services produced are consumed within the country and can also be exported to other countries. Domestic demand increases with the increase in population and the increase in living standards. The demand for exports also increases to meet the needs of increasing imports due to various reasons. An increasing number of entrepreneurs are required to meet this growing demand for goods and services. The manufacturing rate of any developed country is between 60% – 70%. But unfortunately in our country this rate is below 40%. If you want to become a great businessman or want to do something for your country, become a manufacturer, not just a service industry.
Dispersion of economic power:
Industrial development can normally lead to the concentration of economic powers in a few hands. This concentration of power in a few hands has its own ills in the form of monopolies. The development of a large number of entrepreneurs helps disperse economic power among the population. It can help weaken the harmful effects of monopoly.
Better living standard:
Entrepreneurs play a vital role in achieving a higher rate of economic growth. They can produce goods at lower cost and supply quality goods at lower price to the community according to their requirements. When the price of goods decreases, consumers gain the power to buy more goods to their satisfaction. There is a great demand for entrepreneurs who can make this thinking possible.
Creating solutions for society. :
An entrepreneur is a person who creates solutions not only for the problems of his business but for the whole society. Entrepreneurs play a key role for innovations and creative ideas that solve different world problems with the efficient use of technology. What is needed? or desired must be created with the appropriate use of technology. This gives a clear thought of “Creating solutions with technology!”
The benefits and needs of entrepreneurship are endless. The biggest demand in the world today is simply “Be an entrepreneur!” that will solve the economic problems of your family, your society, your people and your country. Let’s generate wealth, not just seek a salary.