Entrepreneurship Value
Author: Hector
Promote a strong and lasting growth and create more jobs and better quality can be achieved only 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 a willingness to risk taking. The creation of an enterprise, its 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 company or business failure are not yet understood as a normal. In fact should always be seen as an opportunity for a fresh start. Assume 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 should understand from the outset.
The facts are clear: 50% of businesses do not survive the first five years of life. Therefore, a low survival rate of firms is not a cause for concern and the creation of new organizations is one way that employers are reacting 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 loss of business can be compatible with economic dynamism.
View the bankruptcy as an opportunity and take advantage of second chances is a must for any entrepreneur who wants to survive in the business world.