Entrepreneurship cannot be taught or forced, it is not a career path, it is not widespread, it refers to a portion of an individual’s life, in which a unique vision of a life changing solution, that can benefit societies, is formed. Moving such an idea forward requires adequate capital for research and development and more importantly, sound management. Such investment, in both tangible and intangible assets, and skilled and experienced human resources, is considered as high risk and promises high returns, but must also take into consideration a very high failure rate. This label should only apply to persons whose ideas have successfully improved lifestyles.
The word originates
to describe persons that acted as morticians to dispose of dead carcasses,
resulting from war or plague, at the risk of being killed for the benefit of
their society, such persons were honored and respected as heroes long after
their death. More recently, such successful risk-takers have been seen by many
as firstly, driven by personal gain, before improving society. Hence, this
label is mistakenly used to describe any person who has accumulated wealth,
instead of only persons who have positively contributed to further develop society.
Economists advise
world leaders of the G20, the grouping of the world’s largest economies, that
such persons can create needed jobs and essential tax revenue growth. These persons,
however, are better described as investors and operators, persons who invest
their own resources and operate daily tasks, commonly referred to as business
persons. Investing in traditional machinery, equipment, technology and know-how
to produce goods and services, offer such products for sale, and operates a corporate
bank account. The persons, who research and develop new ideas, launch new
products and penetrate new markets maybe better deserving of a different label.
It should be easily recognized that when trained employees resign from one organization and open another, employing a similar team and attracting a proportional amount of sales. The first, perhaps larger organization becomes smaller, while it is hoped that the newer organizations will maintain, the economy’s size, employment levels and statutory payments. It is widely accepted, conversely, that new ideas driving new industries and new markets is the ideal method to expand an economy. Hence, the risk-taker must be nurtured, supported and appreciated, through formal and informal education, research grants, equity funding and professional management, as to preserve economic growth.
Rationale
T.A.J & Associates Company Limited uses this occasion to comment on topics that have been covered, both academically and by the mainstream media, to add its opinion and point out investment opportunity, not to invoke any social action.
