importance of Entrepreneurial

Entrepreneurs are the backbone of the society. They change the way we live and work. If successful, their innovations may improve our standard of living. In addition to creating wealth from their entrepreneurial ventures, they also create jobs opportunities for the society and the conditions for a prosperous society. They do investment in community projects and provide financial support to local charities. This enables further development beyond their Owen ventures. They also offer new and improved services, products or technologies which help in the growth of business that creates new opportunity of income generation.
The following are the reasons why entrepreneurs are important to the economy;
• Entrepreneurs Create New and Unique Businesses
• Entrepreneurs Add to National Income
• Entrepreneurs Also Create Social Change
• Community Development by involvement in different fields.
• Entrepreneurship provides strength to small business

Entrepreneurs drive social innovation and transformation in various fields including education, health, human rights, workers’ rights, environment and enterprise development. They undertake poverty alleviation objectives with the zeal of an entrepreneur, business practices and dare to overcome traditional practices and to innovate.

Please feel free to share your thoughts in the form of comments.

Thanks,
Venkata Kottisa