In today’s market economy, entrepreneurs occupy an important position which keeps the industry alive. This is because the entrepreneurs are the ones that keep everything plugged in to keep the economy running. A country’s economic success relies heavily on the results that their entrepreneurs provide. Here we will discuss what the responsibility of entrepreneurs is in the economy as well as the society we all live in.
The society is prosperous by the amount of entrepreneurial activity that they encourage. This is because the activities of entrepreneurs are important and determines the level of success and growth of an economy. You can see today that the most dynamic of societies are the ones that have the most entrepreneurs active and have a legal governing structure that promotes the growth of these individuals. Steph Korey
It is the responsibility of these entrepreneurs to undertake the risks of starting an enterprise in the search for profit and opportunities to profit from. These entrepreneurs seek to provide for the wants and needs of consumers and bridge them with their respective products and services. The entrepreneur then brings together the production factors that are necessary to produce, provide and sell these products and services to their customers. The responsibility of entrepreneurs includes risking their own money in order to provide something that can be seen as a profit.
Entrepreneurs are unique in their own way because they are a member of our society that is capable of bringing together the resources to produce a needed product or service. They are also capable of arranging how a business markets these products and services, how they are sold and how they are distributed.
An entrepreneur is an optimist and is goal oriented individuals believing in the success of their ventures through risking their resources in pursuing profit. They are quick to act and are willing to test out many strategies in order to achieve their goals of profit-making. They are also flexible and are highly adaptable to any changes in their plans.
Entrepreneurs are masters of selling against their competition and still gaining profit out of it by the uniqueness of what they are offering. They constantly think about what their customers are going to need in ways in which they can find solutions to make profit out of. They are always thinking of ways on how they can provide their products and services in a more attractive way than their competition.
The idea of entrepreneurship should be encouraged and nourished in the society in order to progress up the ladder. They are the ones that create wealth and all the job opportunities that you see available in prosperous nations. The responsibility of entrepreneurs involves bringing success to the country they work for. These individuals are highly important in the world because they are one of the elements that bring changes to us. We are able to live our lives more comfortably and luxurious thanks to the entrepreneurs that has made many things possible for us.