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Entrepreneurs have actually existed throughout history, but the arrival of the 20th Century has brought with it a new vitality to the economy, and there has been an increased flourishing of the field of entrepreneurship. Our world is continually and constantly changing which in and of itself creates new opportunities for firms. The service sector of the economy is always increasing and changing as well. Plus, the very fact that the public views small businesses in a "positive light" and believes that they are good for the overall well being of the economy, is also a contributing factor to this increase. In 1969, there were only 274,000 new corporations started per year, but by 1995 the annual number had reached 770,000. Another obvious trend is the number of people who have started to work from home either running their own home business or through telecommuting. In fact astoundingly, the total number of such start-ups has reached about 4.5 million per year. (Kautz, "Entrepreneurship
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(Kautz, "Entrepreneurs Add Vitality to the Economy.")
Another definition has it defined as,
A process through which individuals and groups pursue opportunity, leverage resources, and initiate change to create value. Thus, an entrepreneur is one who creates and manages change by pursuing opportunity, acting with passion for a purpose, living proactively, and leveraging resources to create value. (Martin)
And still yet another variation to this definition is that "entrepreneurship" is,
The ability to amass the necessary resources to capitalize on new business opportunities. The term is frequently used to refer to the rapid growth of new and innovative businesses and is associated with individuals who create or seize business opportunities and pursue them without regard …show more content…
You may have to spend a lot of time answering phones, trying to attract new business, and running errands. You must make sure that all clients' needs are met. Clients can also be very demanding, and often don't care if it is before 9 AM or after 5 PM, or if it is Saturday, Sunday, or even a holiday. They want their needs taken care of. (Of course you could just turn the phone off or not answer it). (Georgia) The people want their pizza delivered fast in the movie. Also, this negative characteristic to being self-employed is shown when the kids pound on the door to be let in and fed despite the fact that Sal has already closed for the evening. All that they care about is the fact that they are
(Kautz, "Entrepreneurs Add Vitality to the Economy.")
Another definition has it defined as,
A process through which individuals and groups pursue opportunity, leverage resources, and initiate change to create value. Thus, an entrepreneur is one who creates and manages change by pursuing opportunity, acting with passion for a purpose, living proactively, and leveraging resources to create value. (Martin)
And still yet another variation to this definition is that "entrepreneurship" is,
The ability to amass the necessary resources to capitalize on new business opportunities. The term is frequently used to refer to the rapid growth of new and innovative businesses and is associated with individuals who create or seize business opportunities and pursue them without regard …show more content…
You may have to spend a lot of time answering phones, trying to attract new business, and running errands. You must make sure that all clients' needs are met. Clients can also be very demanding, and often don't care if it is before 9 AM or after 5 PM, or if it is Saturday, Sunday, or even a holiday. They want their needs taken care of. (Of course you could just turn the phone off or not answer it). (Georgia) The people want their pizza delivered fast in the movie. Also, this negative characteristic to being self-employed is shown when the kids pound on the door to be let in and fed despite the fact that Sal has already closed for the evening. All that they care about is the fact that they are