Importance Of Entrepreneurship

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What Is Entrepreneurship And Is It Right For You?

The intention here is not to sound blunt or gross but the truth is entrepreneurship is right the opposite of what charity is ̶ little room, if any, for benevolence and brotherly considerations. Be that as it may, a successful entrepreneur ends up contributing more to society than a single charity with no innovative ideas. Successful entrepreneurship leads to increased employment and improvement of people’s standard of living. The spiral effect of that is reduced criminal activity, and therefore, the more entrepreneurs there are the better for everyone.

So what is entrepreneurship?
Entrepreneurship is basically the ability to employ resources, irrespective of their magnitude, to create a business. And fundamentally, the driving force is profits even for small businesses. Without profits, the entrepreneur shall not re-coup the initial capital invested and cannot expand the venture and thus cannot engage the services of anyone else, and the shortcomings continue until it becomes a day-to-day merry-go-round without prospects. So, to be...

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