In our always-progressing world we value systems and cultures to guide our actions. In my opinion, the underdogs of the world are entrepreneurs-a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. We don’t always know who owns our favorite service provider but we continue to come back for more. In America we think of the same top one percent as our idea of a successful entrepreneur. Does our world really go around based off of the works of Oprah Winfrey, Bill Gates, and Steve Jobs? Clearly it takes more involvement from us, the “little” people. The biggest question is who are the little people? Who represents us in the world of business other than your average consumer.
…show more content…
On the flip side, many African, Spanish, and Asian countries consist of male domination economically. This would mean that in our country we model a bit more of a feminist approach to business which seems to me to be irony at its best considering the presence of generational patriarchy. This is only the case in American minorities, and as a whole our country still does have some male dominance as do so many other countries economically and in our population of entrepreneurs. According to a recent study on startup business activity and national trends by Kauffman, out of all 21+ million entrepreneurs in the United States of America only 36.8% are female. In 1996 43.7% of entrepreneurs were female which means that in 20 years, in terms of entrepreneurial gender equality, America has actually …show more content…
It all comes down to having to have startup money, interests and a product good enough to sell. We would think that the fact that birds of a feather flock together doesn’t help and aspiring entrepreneurs struggling from extreme poverty are more likely than not surrounded by people struggling to survive. As an added effect, most banks require that you already have 30% of the amount that you’re asking for in a startup loan and that’s not particularly easy if you need money to make money. To be concise, it’s harder to turn a penny into a dollar than a hundred to a thousand. According to an essay titled “The Economic Lives of The Poor”, “All over the world, a substantial fraction of the poor act as entrepreneurs in the sense of raising capital, carrying out investment, and being the full residual claimants for the resulting earnings. In Peru, 69 percent of the households who live under $2 a day in urban areas operate a nonagricultural business. In Indonesia, Pakistan, and Nicaragua, the numbers are between 47 and 52 percent. A large fraction of the rural poor operate a farm: 25 to 98 percent of the households who earn less than a dollar a day report being self-employed in agriculture, except in Mexico and South Africa where self-employment in agriculture is very rare.4 Moreover, many of the rural poor—from 7 percent in Udaipur up to 36 percent in Panama—also operate a nonagricultural
On the flip side, many African, Spanish, and Asian countries consist of male domination economically. This would mean that in our country we model a bit more of a feminist approach to business which seems to me to be irony at its best considering the presence of generational patriarchy. This is only the case in American minorities, and as a whole our country still does have some male dominance as do so many other countries economically and in our population of entrepreneurs. According to a recent study on startup business activity and national trends by Kauffman, out of all 21+ million entrepreneurs in the United States of America only 36.8% are female. In 1996 43.7% of entrepreneurs were female which means that in 20 years, in terms of entrepreneurial gender equality, America has actually …show more content…
It all comes down to having to have startup money, interests and a product good enough to sell. We would think that the fact that birds of a feather flock together doesn’t help and aspiring entrepreneurs struggling from extreme poverty are more likely than not surrounded by people struggling to survive. As an added effect, most banks require that you already have 30% of the amount that you’re asking for in a startup loan and that’s not particularly easy if you need money to make money. To be concise, it’s harder to turn a penny into a dollar than a hundred to a thousand. According to an essay titled “The Economic Lives of The Poor”, “All over the world, a substantial fraction of the poor act as entrepreneurs in the sense of raising capital, carrying out investment, and being the full residual claimants for the resulting earnings. In Peru, 69 percent of the households who live under $2 a day in urban areas operate a nonagricultural business. In Indonesia, Pakistan, and Nicaragua, the numbers are between 47 and 52 percent. A large fraction of the rural poor operate a farm: 25 to 98 percent of the households who earn less than a dollar a day report being self-employed in agriculture, except in Mexico and South Africa where self-employment in agriculture is very rare.4 Moreover, many of the rural poor—from 7 percent in Udaipur up to 36 percent in Panama—also operate a nonagricultural