The Fundamentals of Entrepreneurship: The American Dream

More than 50% of all Americans dream of starting their own business some day, but only 3% ever do, in their entire lifetimes. In our free market economy, where it is extremely easy to start and build your own business, and where there have never been more opportunities in all of human history than exist today, why is it that so few people follow their dreams into entrepreneurship and business building?

To be a truly successful entrepreneur, there can never be any doubt in your mind that you will accomplish your goals, even if you must occasionally alter your plans or refine your targets. Your success is as much a matter of your belief in yourself as it is of the skills you will develop on your journey.

Rockefeller, Andrew Carnegie and J. P. Morgan is that you can’t always get what you want. You won’t always win some battles and you have to accept it. You will commit mistakes and it’s okay, as long as you learned from them. To not be greedy because wanting too much would not get you any better. To know and understand people because you have to be careful to choose whom you can trust. You have to make use of your strengths and try to develop your weaknesses because your competitors will always try to blow you at your weakest point. Being an Entrepreneur, failure is not always an option. The most successful people had an idea, believed it, build it and made it because they took the risks and never gave up. That in every uncertainty, there is an opportunity. You have to look for improvements, make your product even better or else, someone else will do it. The industry is a tough competition so you have to be smart in making decisions and solutions to your

America was built on free enterprise and so many people in our world today chase what is known as, “the American Dream” knows. When thinking of the American dream we picture financial abundance, living in nice areas, family and friends beside us, and where life is bold and full of endless opportunity. But what today is chasing the American dream really like? It is not easy and that is for certain. Today it is not about what you know but about who you know that is important. In early years, people were taught how to run the land they farmed and then were sold that land to own for their selves. As mentioned before, this country was built on free enterprise, which in the public eye is the ultimate American dream. Owning a business of your own

Such modest entrepreneurial ideas have given birth to a plethora of mom and pop shops we find in every community across America, as well as countless multinational corporations that employ millions throughout the world. American visionaries (entrepreneurs) feed us, clothe us, and have revolutionized

As Bob Dylan stated in the saying, it is the content and satisfaction derived from the work is what determines success of a person and there are very few people who really did what their intuition told them and not what the society predetermined. Contrary to the social belief that material possession such as house, land, money, fame and social status is measurement of progress, Dylan indicates that real success is something that transcends the mundane ideologies and links towards the personal achievements and contribution to the world. Everyone in the world at some point of time questions if they are going on the right path to success by considering the ambiguous ideologies as our progress compass. Being an entrepreneur can really test an individual as it is a slow process rather than an

Entrepreneurs are risk takers in the market. They are willing to gamble their hard work for a business that may fail or succeed. Many fail to keep their business alive, however; others are lucky to compete and survive in the market. Entrepreneurs like Maribel Galsim, owner of Maribel’s Daycare, were successful in their business. Maribel’s Daycare was successful because of hard work, patience, and being adaptable.

“The fact that most new businesses fail is hardly a secret”(James Surowiecki). In this quote, Surowiecki is saying that all entrepreneurs know that when they start a business, it can either prosper or fail. Building a successful business takes time and money. However, it also takes a lot of commitment. One has to be focused on his or her goals, and they must do whatever it takes to accomplish them. The most important characteristic of an entrepreneur is determination because it can help a businessperson accomplish any goals they set and build a successful business.

History has shown that entrepreneurs have changed the way America conducts businesses decade after decade. In addition, they have continuously changed how businesses are operated and contributed to the general good of the country. Undoubtedly, entrepreneurs are important segments of the United States and the world have grown because of their creativity. Generally speaking, entrepreneurs have managed to help the nation during the economy downturns. For example, the machine called the reaper put a major boost in the United States economy during the 1831 (Greene, 2000). According to the author,

America is the Disneyland of entrepreneurs, a place where anything can happen. America is full of people with different points of view and ways if life. No one person is like another which is truly the greatest thing about America. Everyone is ensured identical rights to dream, achieve, and strive for whatever they want. To be an astronaut, a firefighter, a princess, a cowboy or a CEO of a company are all dreams that can be achieved by anyone, young and old. If somebody dreams of being a princess it is possible. Someone can start a business that hires people to go to young girls’ parties as Elsa or Moana and inspire them. As kids get older they lose their imagination and drive they once had. It begins with the need to be reminded them

The future of America will continue to lie in the hands of entrepreneurs. As we look for new ways of harvesting energy for our homes and cars, and alternative methods of producing food

"Entrepreneurship requires departure from the comforts and security of "normal life" (Toren, "Entrepreneurship as the Hero's Journey"). Being an entrepreneur is a lifestyle, a way of life that's different from an ordinary "9-5" job norm that most workers are used too. Risks that must be taken in consideration with becoming an entrepreneur involve abandoning the steady paycheck, and donating personal time and health. (Demer, “Risks Entrepreneurs Must Take”) Entrepreneurs must be prepared knowing there isn’t a guarantee for personal income. Entrepreneurship takes a toll on the average person. You’ll spend countless hours doing work to make your company successful. (Demer, “Risks Entrepreneurs Must Take”) Bill Carmody, founder of the digital company

- One who creates a new business in the face of risk and uncertainty for

Entrepreneurs are the flavour of the year and today everyone is either one or on the way to becoming one. Fueled by the drive to earn more than what most jobs can give, rock star like adulation achieved by those who make it, and with success stories that run into billions of dollars, being an entrepreneur is the new black. In fact those of us who are 30 plus would still remember that just two to three decades back, being an entrepreneur, especially if you were male, meant that you were either morally bankrupt or worse stupid, and either of which, by-the-way, substantially brought down your value in the marriage market.

“The entrepreneurial life is one of challenge, work, dedication, perseverance, exhilaration, agony, accomplishment, failure, sacrifice, control, powerlessness…but ultimately, extraordinary satisfaction” – David S. Rose