ENTREPRENEURSHIP

In 2012, according to U.S. Census Bureau data, there were 5.73 million employer firms in the U.S. Firms with fewer than 500 workers accounted for 99.7 percent of those businesses, and businesses with less than 20 workers made up 89.6 percent. Add in the number of nonemployer businesses – there were 23.0 million in 2013 – then the share of U.S. businesses with less than 20 workers increases to 97.9 percent.

 

These numbers represent the importance of small business in America and it all stems from Entrepreneurship.  Entrepreneur translates to "enter" (entre) and "take action" (preneur).  All business owners entered the realm of some form of commerce and then must take action in order to generate profits.  Anyone with a dream and a desire can own their own business, being bold and having fortitude will enable success in business.

 

The idea that someone can dream something up, find the right people to start something up, and execute the plan well can generate income and over the years possibly wealth.  No one said it would be easy but totally worth it if done properly.  If there was one thing all successful people in business will tell you is that failure is not really "failure," it is merely a learning experience that will teach you how NOT to do something.  If you find something that you are passionate about and it fills a need or void in peoples lives, it can be a business worth doing.

 

Here are some great resources on how to get your idea or business started: