In this day and age, technology changes faster than you can imagine.
It’s hard to keep up sometimes, hard to stay up-to-date.
Change is rapid and all over the place. Change is driven by innovation. Innovation is an essential part of entrepreneurship.
And entrepreneurship is what makes the world go round.
It’s what takes that innovative thought/idea/project/invention and brings it to life. It’s what identifies the need and creates a customer for it. It’s what builds a successful business around it all. Therein creating jobs and boosting the economy.
Now I know innovation is important. It’s very important. It’s what takes existing businesses to the next level, creates new businesses that anticipates customers’ needs, and inspires the next generation after us to build upon it.
But that idea or invention or whatnot will only ever be just that, an idea or a project or invention. An entrepreneur takes that idea and creates a thriving business around it and delivers to the masses in an easily digestible, helpful, and creative way. At least that’s the goal.
You need people that can take the best ideas and bring it to fruition and readily available to a large marketplace.
The U.S. now ranks 12th among developed nations in terms of startup activity. For the first time since it started being measured by the U.S. Census Bureau, the birth and death rates of American companies have crossed. That means that the death of businesses now outnumber the births of businesses.
Now this isn’t something that’s been touted by mass media.
And this is credible information. All of which I got from “Entrepreneurial Strengthsfinder” by Jim Clifton. Jim Clifton is the chairman and CEO of Gallup. Gallup has grown into a worldwide company that conducted research as part of an Entrepreneurship and Job Creation initiative.
Gallup gathered research to come up with the top 10 talents of a successful entrepreneur and created Gallup’s Entrepreneurial StrengthsFinder assessment that identifies who has what it takes to start and build businesses.
When you buy a copy of the book, it comes with a unique one-time use code that you can use to take this assessment online. So be sure to buy a new copy of the book!
I would highly recommend that every person out there read this book. Even if you’re not interested in starting your own company and absolutely love the company you’re with, this is a great resource for how to become a better intrapreneur as well.
If you’re still wondering why this is all so important, take note that without thriving businesses (which therein make up the economy of America) then there is nothing else. A growing economy is what, so far, has enabled the government to pay it’s bills. It’s what is keeping 100 million Americans employed.
When new businesses aren’t being created, the free enterprise system and jobs decline. Without a growing economy there are no new jobs. That means declining revenues for everything - salaries, aid for the elderly or poor, military, education, infrastructure, etc.
I believe that entrepreneurship is knowledge and a skill set that has been underutilized and under-taught in this day and age. It is critical that every person learns entrepreneurship skills to either create their own successful business or to help the business they’re a part of improve and grow.
If this post got a little too wordy or a little boring or over the top, I hope you were able to get some nugget of useful information out of it. Entrepreneurship is critical to our economy and subsequent worldwide impact.
You’ll be hearing more about it here and there as we go on,