The impact of entrepreneurs on the economy Essay Example for Free

The impact of entrepreneurs on the economy Essay There are a lot of explanations and descriptions of entrepreneurship. Intellectuals and business experts, define entrepreneurship as only the uniting of thoughts, hard work, and modifications to the changing commerce market. It furthermore involves meeting market demands; mainly it portrays the key instructions of any trade innovation. Innovation is the key factor that administers the very formation of a small trade or entrepreneurship; it can be processes or it can be products. One instance of a process could be the formation of ideas in black and white, products can refer to everything that is produced that can be kept up for sale, whether it is a latest form of glue or even a service that offers; such as, housecleaning. On the other hand, innovations can as well be anything that brings in the discoveries of new products that transform the market or form a new market, a number of of these innovations might even restore existing innovations to become the favored process or product. When an individual wishes to become an entrepreneur they prefer to be an organizer, though, not everybody is suitable to be an entrepreneur and not everybody has the essential skills to carry out successfully. What Is An Entrepreneur? A person who is capable of generating an innovative idea and fulfilling the demands of the public with an ability to organize people and resources is called an entrepreneur. Entrepreneurs are never discouraged even if their idea is rejected by anyone but they work hard to make their ideas successful. Entrepreneurs have to face various hardships and challenges as well. Entrepreneurship Aids the Economy It is agreed by most of the economists that entrepreneurship adds vitality to the economy, either a developed or developing one. The reason why the economists support the existence of the entrepreneurs is that they not just create new businesses and make innovations using their creativity but they also create employment opportunities for people by employing them for their business. Mostly, it also increases competition due to which entrepreneurs opt for new things and also go for operational as well as technological advancements that further helps them to increase their productivity. Each year around 75% new jobs are added in the economy of United States every year due to the eruption of new small businesses and this actually symbolizes 99% of all US employers. Small business are mostly self-employed by people. Entrepreneurs not just provide jobs to the people but they are also a source of security and generate social welfare as well. Schramm, president and CEO of Ewing Marion Kauffman Foundation, said in February 2007, The foundation is devoted to fostering entrepreneurship†. Schramm is one of the globes’ foremost specialists in this field. Others have the same opinion that the benefits of small trades go further than income, Hector V. Baretto, manager of the U. S. Small Business Administration (SBA), makes clear, Small businesses widen the base of contribution in society, generate jobs, disperse economic power and provide persons a stake in the future. Entrepreneurs innovate and innovation is a vital element in economic growth. As Peter Drucker said, The entrepreneur mostly looks for change, reacts to it and utilizes it as an opportunity. Entrepreneurs are accountable for the profitable introduction of several new products and services and also for opening fresh markets. A look at current history demonstrates that entrepreneurs were compulsory to many of the most important innovations, ones that transformed how persons live and work. From the vehicle to the airplane to computers persons with ideas and strength of mind developed these marketable advances. Small companies as well are more probable than large firms to manufacture specialty products and services and tailor made items. As Schramm has recommended, entrepreneurs offer customers with services and products for needs they did not even realize they had. Innovations enhance the quality by multiply customers’ choices, they augment peoples lives in abundant ways making life simple, progressive communications, offering new varieties of entertainment and better health care. Small companies in the US, e. g. innovate far in excess of huge ones do, according to the Small Business Administration; small technology firms create almost thirteen times additional patents per worker than big firms. They signify one-third of all firms in control of fifteen or more patents. According to the 2006 Summary Results of the Global Entrepreneurship Monitor (GEM) project, In spite of of the point of development and company size, entrepreneurial performance remains a vital engine of innovation and expansion for the financial system, for individual firms as, by classification, it entails attention and readiness to take benefit of vacant opportunities. The GEM plan is a multi-country study of entrepreneurship and fiscal growth. Founded and supported by Babson College (USA) and the London Business School in 1999, the study incorporated forty two nations by 2006. Global and regional institutes, such as the United Nations and the Organization for Economic Cooperation and Development, have the same opinion that entrepreneurs can play a critical role in mobilizing income and encouraging fiscal growth and socio-economic progress. This is mainly true in the emerging world, where flourishing small businesses are most important engines of job formation and poverty diminution. Role of entrepreneurship in conceptual economy Although the basic rules of entrepreneurship being used today are the same as they were used previously but the medium has radically changed, however the change has been for better and is probably the best time compared to the history for an individual to become an entrepreneur. The entrepreneurs today are defining logic for the purpose of making things to happen on an individual basis. Previously, when the entrepreneurs used to set up business, they needed huge sums of investment before they could proceed or to arrange management teams for work and to make the company operate after which they took many years to make profits but now things have drastically changed. In order to make my statements more clear, I would be giving some examples. A website titled â€Å"PlentyOfFish. om† is basically a free dating website and was founded by Markus Frind. The founder spends just two hours on the website each day and he manages his website but his earnings are $5-6 million per year from Google ads as around twelve million people view his page every year and the most interesting thing is that he is the only person operating his company. I would now quote another such example of Dave Lu, an entrepreneur who also earns in millions doing the same kind of work as Markus Frind. Dave is the founder of â€Å"Fanpop† where the fans of anything on Earth can share and interact with other people. One more thing that is synonymous between the two entrepreneurs is that they are operating their business using the least expensive tools that are instantly available to them. Connecting these entrepreneurs to the economy, I would say that conceptual economy enable the entrepreneurs to use both sides of their brain i. e. oth left as well as the right side as they are not just focusing on technical skills but on their creativity and conceptualization as well and most of the entrepreneurs are working independently. It is therefore essential for the entrepreneurs to lead in conceptual economy and go for new ventures. It was Microsoft that started Facebook that is now very successful social networking arena. Initially Facebook was popular just amongst the teenagers and the students of high school but now it is being used by people of every group. Not just it provides the opportunity of social networking but it is also beneficial for businessmen especially young entrepreneurs that can highly help boost the economy of any country. Therefore, this economic model of conceptual economy has a great impact on every aspect of the society and in the later years, the entrepreneurs would be the ones who would be the true beneficiaries but the ones who take initiatives.

Queen Elizabeth Essay -- essays research papers

Queen Elizabeth I Queen Elizabeth, the first, proved to be a very good and loyal monarch to England. She brought about many changes, both good and bad. On September 7, 1533 a baby girl came into the world. Back then many parents would have been greatly disappointed to have had a baby girl, rather then a boy. However these parents were glad by the birth of their first child together. These proud parents were the king and queen of England, King Henry VIII and Anne Boleyn. The girl child was named Elizabeth. The only reason for the birth of Elizabeth had been that she would have been male so that he could have been the heir to King Henry the VIII. It wasn’t until two years later that Henry realized he wasn’t going to get a healthy male heir from Anne Boleyn. She had miscarried twice before delivering a stillborn son. When Elizabeth was two her father had her mother beheaded for adultery and treason, this was just a way to rid himself of her rather then get a divorce. This was not Henry’s first wife; this was his second wife. His first wife had also born him a female child. He had divorced her in hopes that he would get an heir from Anne. With his first wife, Catherine, he had a daughter, which they named Mary. Between the time of Elizabeth’s mothers death and 1537 Henry married yet again. The woman was named Jane Seymour and she cared greatly for Elizabeth. She forced Henry to take Elizabeth back into the house, as it was, Elizabeth had been sent away for schooling and whatnot. In 1537 Elizabeth’s new stepmother, Jane Seymour, gave birth to a son, the birth of this son however brought about the death of Jane from bed fever. The child was named Edward. Once Edward had been born Elizabeth faded into the background, everyday receiving less and less attention. From the time Edward was born Elizabeth spent a lot of time with him. Growing up they were very close, they spent all of their spare time together. The only real time that the two of them were apart was when it came to schooling. She received her education under the famous scholar and humanist Roger Ascham. Under his guidance, Elizabeth studied Greek and Roman classics, read history and theology, and learned both classical and modern languages. She was considered extremely intelligent, and records say that, in her youth, she spoke six languages. In 1547 He... ...izabeth’s favorites, to whom she had given lucrative and much resented monopolies. By the turn of the century, even her admirers, such as Sir Walter Raleigh, said she was "a lady surprised by time". Queen Elizabeth had never married and had never born any children this brought about the nicknames such as Good Queen Bess, and The Virgin Queen. Oftentimes poets compared her to the Moon Goddess, to a Virgin and Fertility Goddess, the bringer of justice, and the cornerstone of the Empire. Painters portrayed her in impossible magnificence and with the symbols of peace, virtue, majesty, and truth. During Elizabeth’s reign there was a boom of the arts that would be impossible for almost any other period of English history to match. Edmund Spencer, Christopher Marlowe, William Shakespeare, and Ben Johnson are great names not only in English literature, but also in World literature. The English Renaissance was a highlight that appeared bloody, dark, and drear y. Elizabeth’s reign was and still is sometimes referred to as the Elizabethan Period. Shortly before Queen Elizabeth died on March 24, 1603, she designated James VI of Scotland as her successor.

Is Graffiti an Art? Essay

It is a debate, which is increasingly appearing in today’s society and being discussed with escalating intensity. The topic is graffiti and the debate is whether it should be seen as and art form. Many individuals will argue that it is not art and that it is uninspired vandalism. However these people do not understand the true meaning of graffiti, and what it means to be a graffiti artist. It is costing Auckland ratepayers 5 million dollars this year to fight a losing battle against graffiti in the streets. If people take the time to appreciate graffiti and the artists it is a battle that will not have to be fought. The facts, figures and benefits of recognising graffiti as an art form and taking action to encourage legal graffiti vastly outweigh the disastrous effects of not doing so. Firstly it is of utmost significance to outline what graffiti is and is not the reason being that the majority of people are oblivious to the difference, viewing any indecent scrawl on public or private property as graffiti and an illegal act of vandalism. However they are mistaken. The truth is that the term ‘graffiti’ does not include all forms of writing on walls. There are three that must be separated. Number one is the ‘tag’. It is when the artist writes his name in his own style. This is usually not considered art because it is done for purposes such as marking territory and not emotional expression. Then there is the ‘throw up’ in which the artist may use bubble letters to create an intricate design. Lastly there is the ‘piece or ‘masterpiece’, these usually depict a scene or well known characters with some sort of slogan. This advanced form often requires the collaboration of multiple artists. It takes hours of planning and uses spray paint and felt tip pens. Graffiti art is not uninspired vandalism. It is an art and the people who do it are artists. The definition of art is human creative skill or its application resulting in visual representation. Graffiti art fits right into this definition. Every piece has a meaning behind it or inspiration. Traditionally graffiti art’s motives stem from the dehumanization of the working class. It was a way for youth to protest the ways in which they were not categorized as people, but resources for production. However, today many artists are no longer driven by the social motive. The creativeness and originality of graffiti art has interested many new and upcoming artists as a different way to express themselves. It interests them because it has not developed under traditional ways for artistic expression, it is new and they can appeal to a much younger and different audience. Graffiti must be recognised as art. It is on the rise all over the world. According to a report by the police, property damage has increased by 15. 3%. This was a result of increased graffiti mainly by youths. Ratepayers in Auckland are spending 5 million dollars in order to pay for the removal of graffiti on the streets. Also in 2009 an Auckland businessman, Bruce Emery, was convicted of manslaughter after he chased two taggers outside of his home and stabbed one of them with a knife. Despite what you may be thinking at the moment, that graffiti should be completely illegal and consequences for taking part in it should be increased in order to discourage the act, you are wrong. The only way to prevent these results of illegal graffiti is to recognise it as an art form. Graffiti art is going to be ever present in our future, its popularity is on the rise and we must accept it. However it is also crucial that we promote legal graffiti art. Providing legal walls and spaces where artists can perfect their talent is crucial. Also teaching youths the difference between legal and illegal graffiti art is very important. There are benefits for recognising graffiti as an art. It will open up new ways for artists to express themselves, especially young artists. There will be less tagging in the streets, as youths will be knowledgeable on what is legal graffiti and what is not. There will also be legal places for them to do graffiti. Ratepayers will not have to spend millions of dollars a year to clean it up. Also the quantity of youths and adults in prison will decrease, reason being they are knowledgeable on what is legal and illegal and have spaces where they can practice the art legally. In conclusion graffiti should be seen as an art. Recognising it as art would mean a new opportunity for artists to express themselves would be available. There would be less tagging in the streets and Ratepayers would not have to spend millions for it to be cleaned up. Ask yourselves, how can something that takes such complex geometry, proportion, shading and patterning skill be written off as vandalism.

Facts on George Washington Carver - 576 Words

Facts on George Washington Carver At the age of 14 George Washington Carver witnessed a black man being drug out into the streets to be hung and burned. At the time when African Americans were looked down upon George Washington Carver was a very successful with what he did in Ag and science. When George Washington Carver was a small child he was abandoned by his biological parents and left on the lawn of his adopted parents house. George Washington Carver had a rough childhood and he was looked down upon as a child He was almost mute as a child. As he got older he could talkk better. As an adult he had a lisp. A family friend of the Carver family gave George Washington Carver a spelling book. With that book he learned to read and write. He said it also helped him speak. His sister was almost beaten to death by night riders after the Civil War. Night riders were white men whose purpose was to scare and kill blacks. The night riders tried to hurt the Carver kids multiple times. When he became older he was very successful with the peanut. He invented peanut butter and many other peanut products. He made over three hundred peanut products. They include paints, stains, makeup and peanut butter. People now like both of those things. He only patented three of three hundreds of his inventions because he was very poor and could not pay to patented more the three of his three hundred of his inventions. #1,522,176, 1/6/1925, Cosmetics PlantShow MoreRelatedGeorge Washington Carver Difficult Path to Great Accomplishments565 Words   |  2 Pages George Washington Carver was born on July 12, 1864, during the Civil War, in Diamond Grove, Missouri. He was one of many children born to Mary and Giles, an enslaved couple owned by Moses Carver. Just a week after his birth, George was kidnapped along with his sister and mother. 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