I think an entrepreneur takes a big role in our economy. They are the ones that
ID: 1133820 • Letter: I
Question
I think an entrepreneur takes a big role in our economy. They are the ones that create something huge in that time and it becomes big, something we use everyday and there are things that were super popular and stopped but during the time it was huge, the sales, people buying it, everyone having it. For example, the fidget spinner, it was huge when it came out. Everyone had at least one. My nephews had like four. But the point is that it does take a big role. When new creations comes out we have sales, there are more jobs, workers. What makes entrepreneur to start their own business or to create something is money and that you become your own boss, to have control and no one demanding you something. When starting your own business, it does takes a lot of risks. One of them is money, to make a business you need money. In my personal experience, my parents opened up a restaurant in Ecuador with money they got from buying our house and what they borrowed from the bank, they had a business plan but there are certain factor we can not control During that time Ecuador moved from Sucre to Dollar and the economy went down. It was a hard time for almost every business An entrepreneur that I highly admire is J.K Rowling. J.k Rowling is the author of the seven Harry Potter novels. Her net worth is estimated to be $650 million. But her life was not always like that. After giving birth to her daughter, she got divorced and moved to live with her sister. She had a rough time trying to make a living for her daughter and her. It was when she was flying to London from Manchester that the idea of writing Harry Potter occurred to her. The fact that she came up with it out of nowhere is what amazes me and that's how big innovations happen in real life. My Intro to Entrepreneur teacher told me that sometimes we are trying to do something and what we get its something completely different and new, something that we never thought of and that's how real life innovators become entrepreneurs.Explanation / Answer
Entrepreneurs are crucial to the economic revolution of any economy. Entrepreneurs have the ability to redefine the social and economic setup in the country. Entrepreneur's journey is drived by money and to stand out of the crowd, however the survival big the entrepreneurs is based on their ability to innovate. Innovation is important for an entrepreneur and an innovation can only be initiated and boosted by the new entrepreneurs. Thus there is a interdependency between the two.