Entrepreneurship in America Essay

Submitted By audrinea
Words: 1861
Pages: 8
Open Document
Entrepreneurship in America

Michael Jordan once said, “I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life and that is why I succeed.” This quote truly explains the idea of entrepreneurial. Entrepreneurial spirit is the motivation inside of someone to do something great. This is the perfect term to describe American greatness because without this type of drive many of the things we have in our country today would not have been accomplished. Can you image life in the 21st century without the World Wide Web, high definition TV’s, apple technology, smart phones, etc., I know I can’t. Most people in America do not put any thought into how much time and effort has been put into planning and getting these types of advancements out to the public, or how many trial runs must have been done in order to reach a properly working finished product. Entrepreneurship is the perfect element of greatness because it coincides with the concept of the American dream. America was founded on the fact that anyone could come here and have a new beginning a chance to make anything happen, and that is essentially want the entrepreneurship is all about. The importance of entrepreneurship in the United States is that it creates self-supporting people, it brings new jobs into the economy, and it can provide a new ways to get things done.
Having self-supporting people in an economy is a benefit because these are people who are getting things done without the help of the government, people who are making their own pay checks, and people who are putting more money into the economy. When people have self-supporting jobs this usually means that they have started their own company and or created something that has made them money, this is important because it means that this person is able to give make their own paycheck, they will be able to give themselves enough money to cover whatever it is they may need to pay for. Also when people start their own companies they will have to pay taxes whether it is property tax on the space needed for the business or if it is income tax on the money they are receiving more money is still entering the economy. This is especially important during tough economic times like we are having today. We as Americans are fortunate to be able to create our own businesses and come up with our own ideas on products because in some countries with caste systems citizens are not allowed to stray away from what their government says they should do in order to make money. Also in other countries that do not have a capitalist economy they do not have the luxury of being able to create their own businesses which can stifle the creativity and the adaptability of the countries inhabitants. This can happen because the people of the country have no reason to want to adapt or try things over and over again and they have no reason to be creative to try to make thing better because in the long run their government has the ultimate control.
Another great thing about entrepreneurship is that it creates new jobs. The creation of new jobs in America is really important because it lowers the unemployment rate. Today this is extremely important because with the economy the way it is we could use a lot more jobs, and the more people that create new business then the more jobs there will be. Even something as simple as creating a new website can create jobs for people. Another great thing about entrepreneurship is that with so many different companies and products that are being developed there is a bigger span jobs being created. With a wide variety of jobs being created this can benefit skilled and unskilled workers. Both skilled and unskilled workers are benefitted because businesses will most likely be looking for skilled workers, but when products are developed they will most likely be looking for
Show More

Related Documents: Entrepreneurship in America Essay

Ranking 1 Entrepreneurship Essay

Entrepreneurship - NORTH AMERICA Best Masters Ranking in U.S.A. Entrepreneurship Country Rank School / Programme 2. Babson College MS Global Entrepreneurship Program 3. MIT Sloan School of Management MBA Entrepreneurship & Innovation Track (E&I) 5. University of Pennsylvania - Wharton School MBA Entrepreneurial Management 12. Cornell University MBA Entrepreneurship and Innovation EI Concentration with the Entrepreneurship and Innovation Institute (EII) 13. University of Virginia - Darden…

Words 339 - Pages 2

Social Entrepreneurship Essay

What is social entrepreneurship? The animation is made to explain the concept of social entrepreneurship to the general public and raise awareness of the importance of this type of business.... Social entrepreneurship is the attempt to draw upon business techniques to find solutions to social problems.This concept may be applied to a variety of organizations with different sizes, aims, and beliefs. Conventional entrepreneurs typically measure performance in profit and return, but social entrepreneurs…

Words 2387 - Pages 10

Jewish Rise and Resonance in Entrepreneurship Essay

Jewish Rise and Resonance in the Black Community: Analytical Comparison of Qualities in Jewish and Black Entrepreneurial Success in America THESIS Jews have risen to the top of the pyramid through a sort of evolution and adaptation, and this can be attributed to their strong support system, education, and familial beliefs, etc., not to mention their sudden inclusion into the Euro-white population after World War II by American government; this established certain privileges that added to their…

Words 3427 - Pages 14

Economics and Rapid Pace Essay

contribute to the rapid pace of business are Natural Resources, Capital, Human Resources, and Entrepreneurship. This pace is likely to accelerate over the next decade because of the technological advancements that are being made every single day. 2. What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do other parties benefit? Entrepreneurship is promoted by a growing economy, and it’s the starting of businesses, sourcing and organizing…

Words 472 - Pages 2

Business Entrepreneurs Essay

recent decade those who use to have jobs are now unemployed and have no revenue coming in to support themselves or families. Improvement within entrepreneurship can decrease unemployment of many families by increasing business entrepreneurs. Business entrepreneurship will have more of an impact due to more opportunities and help needed to boom the entrepreneurship, meaning more people will be needed for this change and unemployment rate could decrease. Also business entrepreneurs require more skill level…

Words 1013 - Pages 5

Globalization Essay

management and strategy in order to enhance a competitive edge over other international rivals. However, focusing on the subject at hand, has globalization elicited a positive impact on the United States? Even though the concept has made it easier for America to traverse different economic borders in order to further its financial superiority, it is still important to determine whether globalization is good for the country. On the positive side, globalization has facilitated economic success for the American…

Words 747 - Pages 3

Sustainability in Entrepreneurship, Innovation, and Economic Development Essay

Discuss the relationship between entrepreneurship, innovation and economic development. What role does sustainability play in this relationship? Refer to both theory and examples from the business world to support your discussion. In today’s economy, entrepreneurship is an important subject and entrepreneurial abilities have become a pivotal requirement both nationally and globally. However, enterprises that succeed mostly do so as they are capable of change for the better, through innovation…

Words 2031 - Pages 9

paper final F

Entrepreneurial is Germany? The Institutional Context of Entrepreneurship and Business Start Up Costs in Germany in International Comparison Course: International Entrepreneurship Research & Practice Abstract The importance of entrepreneurial activities is integral to a nation’s economic growth. This paper reviews the results of the 2000 Global Entrepreneur Monitor (GEM) country report with a sole focus on Germany in evaluating its degree of entrepreneurship. The factors examined include the costs, legal…

Words 4875 - Pages 20

2012 Election - Essay

for the United State of America against the candidate comparing to him can be seen easily such as the planes he has made which are hard work, free enterprise, wants to increase trade, energy production, tax code reform, it relinquishes power to the states as well. First of all, Free enterprise where the country, operate off business in competition with each other free of states control, basically breaks down to the American dream. The increased trade would also help America, it would help to stabilize…

Words 867 - Pages 4

African Immigrant Case Study

Problem Statement Over the years, it has become more prominent that immigrant entrepreneurship contributes to significant business growth in the United States of America (Lee & Black, 2017; Teixeria, 2001). Insufficient financial literacy has led to many African immigrants trapped in the low wage job without entrepreneurial needed resources that would have provided them with supplementary or alternative income (Arthur, 2016). The general problem is that entrepreneurial African immigrants are not…

Words 246 - Pages 1