Why are entrepreneurs important to the country? There are a few facts to showthe importance of this category of people on how they can play a part incontributing to the economy of a country.
One important role that entrepreneurs play is creating job opportunities. Mostentrepreneurs tend to be careful when starting by creating a small number ofjobs as risk taking plays a role in becoming an entrepreneur but they tend toincrease or create more job roles as time goes by, if they are in a “comfort zone”when they realize that expansion is needed due to the increase in demands. Thiswould certainly help reduce the employment rate in a country.
Entrepreneurs also play a key role in creating wealth for the people in acountry and research and development to be different from other companyson how to get the best product at a lower cost which would benefit the peopleby savings. Innovation would also expend the skill sets of an individual evenfor themselves. New start ups would normally be more innovative by doingmore
The Government supports entrepreneurship initiatives by having start upfunds, trainings, availability of resources and also acts as advisor for small,medium industries. Entrepreneurship subjects are also taught in publicuniversities and colleges.
To summaries, entrepreneurs do play a role in strengthening theeconomic growth of a country as well as speeds up modernization bydoing research and development. Creates wealth to entrepreneurs butit is also very important to give back to the society by doing CSRprojects which in return would bring benefit to the less fortunate.