Despite difficult challenges, entrepreneurs are the engines of growth that transform the US economy. According to Small Business Administration, entrepreneurs start more than 600,000 companies in the United States each year.
How important are small businesses for the US economy?
Let me share some of the latest information (September 2009), published by Small Business Administration Small Business Administration Small Business Administration Office. Small companies …
Represents 99.7% of all employers.
Use more than half of all employees in the private sector.
Pay 44% of the total US payroll.
Generate 64% (net) new jobs in the last 15 years.
is more than 50% of the nonfarm private gross domestic product (GDP).
Hire 40% of high tech employees, such as scientists, engineers and computer programmers.
Are 52% home and 2% franchises.
Produce 13 times more patents per employee than large patent companies.
As small businesses have such a significant impact on the business cycle, what drives entrepreneurs to create something out of nothing? In that regard, what is an entrepreneur, and what makes him or her tick? Consider Sam Walton, one of the 20th century largest entrepreneurs who once said: \I’ve always driven to bend the system, conquer and conquer things outside of a place they’ve been. \\\\
What is an entrepreneur?
The French word, entrepreneur, means an entrepreneur. An entrepreneur is a person who undertakes an enterprise or company with a chance of gain or loss. An entrepreneur is an individual who uses venture capital to start and finance a new venture that assumes the financial risks associated with owning, operating and managing an enterprise.
Entrepreneurs come in many races and tend to develop innovations and create jobs. As a result, according to the SBA, they are vital for a stable and robust US economy. While many entrepreneurs consider vision, dromers and charismatic leaders, not all entrepreneurs have shared these features.
Most entrepreneurs are individuals who go to their own drums, who have the drive, determination, and perseverance to bring ideas and opportunities to life. Entrepreneurs usually have a clear, portable vision, a passion for their interests, the motivation to take their vision on the market and the perseverance, despite obstacles and setbacks.
The entrepreneurs are undoubtedly horses of another breed. Entrepreneurs are mavericks with vision and determination to create a company that brings the vision to the market.
Entrepreneurs, as a group, want to own and manage their own destinations. They are inspired to launch their own businesses and be driven to identify high potential, business opportunities and exploit. They are usually obsessed with all aspects of their chosen field of study. Entrepreneurs have a itch to create a new life, be their own boss, follow their own way and hide the constraints of the 9 to 5 workplace.
Entrepreneurs move ideas that are often generated by a flash of inspiration and often overlooked by others. Business owners can quickly change directions as circumstances develop. They can skip navigation, tolerate uncertainty and maintain continuity with changes in balance. The most important thing is that they are persevering! They follow the projects until completion and not easy even in the hardest times.
What drives a person to start a business trip?
There are so many reasons people start new businesses because there are people. Although the motivations of individual to individual differ, the most common driver is that individuals as a reason for starting a new venture desire their independence. Entrepreneurs want to be autonomous. They want the freedom to act independently to achieve their desires and goals.
Entrepreneurs also begin with many other reasons. Here are a few additional reasons:
Sense of accomplishment: Entrepreneurs have the need to create a sense of achievement and experience.
Innovation / invention: Entrepreneurs have the opportunity to find new products, services, processes, markets or opportunities and create new competition rules.
Career Transition: Entrepreneurs often make career transitions on graduates, downsizing, outsourcing, retirement or the desire for independence.
Recognition: Entrepreneurs are hungry for: status, power or recognition for the value of an idea or an enterprise.
Wealth Building: While entrepreneurs are richer individuals, entrepreneurs usually do not wealth as their primary target – creating wealth \ert as the by product of entrepreneurial adventure.
Principles: Many entrepreneurs are being driven to build businesses that are governed by principles and values that also contribute to their community and society.
What an entrepreneur motivates is the pursuit of managing his own schedule, managing his own workload and managing his own destiny. Entrepreneurs want to propose a future where they do what they like to do!