The Importance of

Entrepreneurship in
Economies
Outline

Why Successful Struggles/Obstacles Emphasis on

entrepreneurship is entrepreneurship of an entrepreneur creativity in
important skills of Steve Jobs entering business businesses
What is Entrepreneurship?
 Why
Entrepreneurshi
p is Important
 Plays a major role in the
economy of a country
◦ Increases per capita income
◦ Growth in economy stimulates
spending
◦ New products and ideas are
introduced in the market
◦ New markets are developed and
new wealth created
 Reduces
unemployment rate
oIncreases competition
stimulating product
improvement
oImproves quality of life
oInvests in community
projects and support
local charities
 Struggles and
Obstacles of an
Entrepreneur
Entering Business
Abandoning
another career

Financing

Teambuilding
Being the visionary

Dealing with the unknown

Rule-making

Decision-Making
Emphasis on Creativity in
Business
Companies that actively foster creative thinking
outperform their rivals in:

 Revenue growth

 Market share

 Competitive leadership
 Ways that entrepreneurs
can make themselves
more creative:
 Be diverse

 Reduce time pressures

 Change the scene

 Embrace failure