Importance Of Entrepreneurs To The Country

Why are entrepreneurs important to the country? There are a few facts to show

the importance of this category of people on how they can play a part in

contributing to the economy of a country.

One important role that entrepreneurs play is creating job opportunities. Most

entrepreneurs tend to be careful when starting by creating a small number of

jobs as risk taking plays a role in becoming an entrepreneur but they tend to

increase or create more job roles as time goes by, if they are in a “comfort zone”

when they realize that expansion is needed due to the increase in demands. This

would certainly help reduce the employment rate in a country.

Entrepreneurs also play a key role in creating wealth for the people in a

country and research and development to be different from other company's

on how to get the best product at a lower cost which would benefit the

people by savings. Innovation would also expend the skill sets of an individual

even for themselves. New start ups would normally be more innovative by

doing more

The Government supports entrepreneurship initiatives by having start up

funds, trainings, availability of resources and also acts as advisor for small,

medium industries. Entrepreneurship subjects are also taught in public

universities and colleges.

To summaries, entrepreneurs do play a role in strengthening the

economic growth of a country as well as speeds up modernization by

doing research and development. Creates wealth to entrepreneurs but

it is also very important to give back to the society by doing CSR

projects which in return would bring benefit to the less fortunate.

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