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The Benefits Of Entrepreneurship

Written by David Newton on 20 April 2010.

Benefits Of EntrepreneurshipIn times when opportunities to earn money from jobs are less, you got to make opportunities for yourself through entrepreneurship. The benefits of entrepreneurship toward the economy and toward the entrepreneur himself or herself are tremendous. Starting out small and working your way up is always a good idea when it comes to entrepreneurship; small entrepreneurial activities are what keep world economies afloat and not few big businesses. And the benefits of entrepreneurship toward an individual are no less than life changing.

First, entrepreneurship can be your ticket toward financial independence. How much you make really depends on you; you set your own goal and by it you determine how much you compensate your efforts. Of course there are necessary things you need in place before you could realize total financial independence, but working toward your goal is another exciting thing that you could do for yourself as a person. A study by Michael T. Childress and others in 1998 (Entrepreneurs and Small Business - Kentucky's Neglected Natural Resource) found that entrepreneurs make more money, and pay more money to their employees, than working in big businesses or corporations.

Second, entrepreneurship allows flexibility in your life. Once the necessary things are set in place and operation is properly delegated, the entrepreneur can start to experience flexibility in work schedule than working for somebody else. After all, one of the top benefits of entrepreneurship is that you are your own boss. When all aspects of your business are fully functional, you can start to do other things that you love. You can finally make time for your sport, hobby, and, most of all, for your family.

Moreover, entrepreneurship can open endless possibilities for the entrepreneur. Working for somebody else often force people to do jobs they don't like; entrepreneurship can free you from the drudgery of imposed tasks. In fact, your business should be a self-expression, a form of outlet for your creativity and the things that you love to do. It's simply doing the things that you love to do and making money while doing it. No longer will you be in the mercy seniority and office politics to rise and achieve growth. Entrepreneurship will bring you to new heights that not even your limitations can hold you back if your determination is solid.

Other more noble benefits of entrepreneurship are that you're helping provide opportunities for other people and contribute to the society through responsible business. In fact, small business owners are respected people in the community because they are responsible for spurring community development starting at creating local jobs. Jobs provided by entrepreneurs are even more fulfilling in terms of pay and recognition compared to jobs in high-rise offices. You're not only providing for yourself and your family, you're also providing for the community in your own little way. No economy in the world can survive without the ingenuity, creativity, and labor provided by entrepreneurs.

The best part about entrepreneurship is that it doesn't discriminate: men, women, young, old, educated or not, everyone can become an entrepreneur through hard work and dedication to continuous learning and improvement.

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