It is no longer news of how the world is evolving every single day. In history, we have seen the era of how people totally relied on wages to make ends meet and until the 20th century, people where taught of how to get good grades for great job qualifications. Unfortunately as the economy began to cripple, things had to change.
Robert kiyosaki said that the rise of entrepreneurs is always triggered by a failing economy. This words from him is very true and in play today. Entrepreneurship is one major factor that is balancing the global economy today. As an economist, we were taught that unless a country is producing, that country won't stand the test of recession. That is, for an economy to grow, there have to be more producers and we all know that entrepreneurs are always producing a product or a service. The more people make up their mind to be in the producing team, the more the economy will boom.
Recently, entrepreneurship is a modern word where most people are founders of something and the social media has made people to create their shops online to meet their buyers. Simply put, life is very much easier to start a business.
Why do we really need them around?
Unemployment Rate:
Entrepreneurship has been the major route of increase in employment more then the government itself. If there is more willingness to produce, that will solve the issues of unemployment to an extent. That is, the demand for labour will increase in order to supply to end consumers. The more consumers, the more demand of labor for more production. That only will decrease unemployment rate. We need them around to keep those rates low at least.
Stability in the economy:
like I said earlier, entrepreneurship has brought a balance between the unemployed and the employed because most unemployed are becoming self employed today. The two extremity of the unemployed and the employed is been reduced everyday as people gets closer in becoming more responsible for their income.
More inflow of money:
there is no doubt that entrepreneurs add greatly to the economy both in services and products. This has created more money in the hands of people to afford other goods and services, which indirectly puts money in the economy pockets. The more entrepreneurs we have, the more revenue the economy gets. In fact, in reality, the so called government encourages it more because of the helping hands it gives to them in terms of jobs provision.
We all need to solve the problem of unemployment and we can't do that if we rely on only a paycheck job. Starting something flexible enough with your side jobs might have the possibility of expanding some day. You never can tell.
In this trying times, the economy need people who are ready to put in money by providing resources for investment and not people who are more bothered about just saving and consumption.
The good news is, that could be you