The Importance of Young Entrepreneurs in Society

As we enter the 21st century, the world is full of opportunities for entrepreneurs. The opportunity is what many entrepreneurs chase after. Just the idea of starting a business excited them. Entrepreneurs are people who have characteristics of a high need for achievement, a willingness to take moderate risk, strong self-confidence, and a passion for the business. We all question what is the best age for getting started. There is really no simple answer to that question. Most businesses require some background knowledge. A certain amount of time is usually required to gain the education, experience, and financial resources of starting a business. According to the textbook “Small Business Management” by Longenecker,

In my work with entrepreneurs over the years, I have found that, although they do not necessarily become rich, they do become happier, more self-confident and more self-reliant. Very few entrepreneurs would ever go back to a salaried job. Even though they don't make an enormous amount of money, they love the freedom so much that they could not imagine turning their destiny over to anyone else.

The reasoning for young teens to consider starting their own buisnesses is a great idea. There are alot of teenagers who are smart, ambitious and are very much interested in becoming young entrepreneurs. There are already some teens who have turned hobbies or things they like to make or do into a way to earn cash. In several cases, not only have these ventures turned into more than wonderful ideas but also small buisnesses which became

1 Timothy 4:12 states, “Don’t let anyone look down on you because you are young, but set an example for the believers in speech, in conduct, in love, in faith and in purity” (New International Version). Religion is expressed in many different forms throughout the world depending on the culture. Most religions do not stay the same and change over time. Some people believe religions should be less strict. The problem is, once a religion has changed, it rarely goes back to its true beginnings. Religion is viewed and practiced differently depending on the culture in which it is rooted.

“The only history that is worth a tinker 's damn is the history we make today.” Henry Ford made this statement somewhere along the line of his entrepreneurial adventures. Its great men like him that have truly shown us the success of the entrepreneur and sparked my interest. When writing this paper I had two specific goals. First to define what an entrepreneur is by defining what an entrepreneur is; in addition, outlining the types and common characteristics. Second is to allow you the reader to grasp an understanding of what attracts such a crowd to this way of making a living. I hope by the end of the paper you have a better understanding of entrepreneurs, and see how they are an interesting breed that drastically changes our lives in ways and on such a grand scale. Great entrepreneurs are made not born and never be duplicated.

One of the disadvantages of being an entrepreneur is that it has a lot of vulnerabilities. For example, entrepreneurs may face social risk if their innovations challenge societal norms, or they may face psychological risk as their hard work affects their families' peace of mind. Many find that the independence, notoriety, and feeling of contributing something valuable to society that often come with being an entrepreneur outweigh these dangers.

Another reason why I decided to become an entrepreneur is because I have seen so many people live out their dreams and find the gratification I dreamed of. While working for Sam 's Club I had an inside look at small business owners manage their business. I have encountered countless entrepreneurs find ways to reinvent themselves and provide a services and or products that continuously make their business relevant.

Business owners run this world, besides older people. Entrepreneur have responsibilities like no other job in the american nation. They employ everybody no matter the field. “Owning a vision” is the motivation that runs an organization to its highest point in power, or to the dirty ground (5). If you have the power to vision, use the same power to create that vision. “Providing the proper resources and build a culture” is another primary responsibility of an entrepreneur and is key (5). Choosing the right people to run a business to create a culture will bring moral and heights to your company. “Good decisions deliver the company 's performance (5).” Life is full of decisions, and so being an entrepreneur is full of decision, good or bad, a choice needs to be made. While people work, entrepreneurs employ, which takes great responsibilities.

Becoming an entrepreneur will be very exciting journey; from the beginning till the development and realisation of one's product or service.

Entrepreneur is a person who establishes, owns or operates a business and is characterised by traits such as creativity, strong will, motivation, passion, determination, leadership qualities, work ethic and non-conformity. They are willing to take (non-excessive) risk in order to make a financial profit and are fully responsible for the outcomes. Their ideas are usually ground-breaking and innovative in their particular field.

Entrepreneuring: efforts to bring about new economic, social, institutional, and cultural environments through the actions of an individual or group of individuals → emancipatory process with broad change potential. This view foregrounds three aspects: (1) seeking autonomy, (2) authoring, and (3) making declarations.

Starting up a business may infuse so much energy and enthusiasm to any entrepreneur. The day-to-day work may not be much of a trouble and should not be perceived negatively, because after all, starting up a business does mean a lot of work and would definitely need most of your time. Despite hiring the best employees, an entrepreneur could not just be too complacent with whatever solutions are being made by his appointed decision makers. Having a business may help you to become financially independent but it also means taking a huge responsibility.

A comprehensive approach to promoting entrepreneurship must work on three levels-individuals, firm and society. To motivate individuals to become entrepreneurs, they should be made aware of the concept of entrepreneurship and this should be made sufficiently attractive option. They should be equipped with the right skills to turn ambitions into successful ventures. For entrepreneurial ventures to develop

Again there needs to be growth within the youth leaders as well as the teens. Parents are not exempt from this need either. Growth can be encouraged in a number of ways, but one that is critical for the believer is through the Word of God. 1 Peter 2:2 says that “As newborn babes[we ought to], desire the sincere milk of the word, that ye may grow thereby.” The Bible needs to be the main source of where we draw our teaching and instruction for righteous living. We cannot rely completely on what we feel about our walk with God or else we fall in danger of heresy or incorrect thinking about the faith we possess. Doctrine from God’s Word is what gives us the reason for why we do what we do and why we believe in what we believe. Therefore we must show our teens that God’s Word is a perfect source for growth. Charles Spurgeon’s comments fit perfectly the first two values I believe should be focused on in youth ministry. He has been recorded having said that “Bread is a second cause; the LORD Himself is the first source of our sustenance. He can work without the second cause as well as with it; and we must not tie Him down to one mode of operation.”

A family’s purpose is teach children morals as they are raised. Entrepreneurship is often an overlooked trait that is deeply rooted in family values. An entrepreneur is defined as “a person who starts a business and is willing to risk loss in order to make money” (Merriam-Webster). Not everyone is meant, or is willing, to be one, but most successful entrepreneurs have a lot of their good habits originating from their childhoods. Therefore, parents should give opportunities and promote entrepreneurship, if their child is one of the few people cut out to be an entrepreneur.