Entrepreneurship
October 16th, 2009 | Author: Farid
NCOURAGE stronger growth and sustainability and to create more jobs and better quality can only be achieved based on two fundamental points: creating a favorable environment for small and medium enterprises and foster a culture based more on entrepreneurship.
Entrepreneurship is risky and requires self-confidence and autonomy as well as some provision for risk taking. The creation of a company’s success and failure are inherent to the reality of the market economy.
As part of the general lack of recognition and understanding that exists in society towards entrepreneurship, the problems of the enterprise or business failure are not yet understood as a normal. In fact should always be seen as an opportunity for a fresh start.
Assuming the failure of a company without losing the entrepreneurial spirit is essential to avoid stagnation of the economy. Assuming that these problems can arise is inevitable that the entrepreneur must understand from the outset.
The data are clear: 50% of businesses do not survive the first five years of life. Therefore, a low rate of survival of companies is not a cause for concern and the creation of new organizations is one way that employers have to respond to market realities.
A recent OECD study shows that the business survival rate over a period of four years are lower in U.S. than in Europe. This shows that the disappearance of firms can be compatible with economic dynamism.
View the bankruptcy as an opportunity and take advantage of second chances is essential to any entrepreneur who wants to survive in the business world.
