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SpinDistribute.com Article Directory

The following article was published in our article directory on March 19, 2013.
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Improving the Community with Entrepreneurs

Article Category: Self Help

Author Name: Thomas Amal

In the world of business, it is the entrepreneurs who are considered risk-takers as they put an investment in a small business and then take the risk innate in such a tiny venture. There is a huge chance that the business may become successful, especially if only a few or no one has engaged in it yet and the products or services sold are necessary to the people living in the area. The entrepreneur then takes most of the profit. An example of an entrepreneur is a teenager who sells hot dogs outside of his house to make profit. In this article, you will see how these entrepreneurs help the economy of a community.

When an entrepreneur starts a business in his area, he will be able to create jobs. If his actions, ideas, risk-taking efforts and vision become successful, employment opportunities will be born which thousands of individuals in the present and in the future can benefit from. In the locality, a couple of individuals or more can have employment thus empowering them. These people have money to spend thus they contribute to the economy. There are many companies which were initiated by entrepreneurs and they became worldwide business giants earning billions of dollars. Many of the big businesses we see today started as small entrepreneurial undertakings.

Entrepreneurs pay their taxes and so do their workers. There are plenty of entrepreneurial undertakings that earn export revenues. If a community has more thriving business companies, its general revenues will be bigger and healthier. This causes a ripple effect because the state will then provide tax incentives so that more entrepreneurs will come.

One good thing about entrepreneurs is that they are good innovators because of their personality as risk-takers. They can spot an opportunity and are willing to innovate. They easily accept, initiate or bring in new concepts of performing things. Because of such innovation, the economy moves forward and will find breakthroughs. This is a total opposite of economies that are sluggish and depressed because there are no entrepreneurs or innovations done.

Because of their positive effect on the economy of the community, entrepreneurs inspire other people to achieve. These innovators are charismatic, driven and victorious people who were able to hurdle barriers so that they can achieve something notable. They inspire people to innovate and do new things for the betterment of their locality or neighborhood. They also encourage businesses to keep on striving and making improvements so that they can compete more. Companies that are handled by innovative and inspiring people bring in the best talents worldwide hence the economy where these risk-takers and innovators work is toughened.

The revenues and income that entrepreneurs make are usually poured on the local economy. Once their ventures become successful, they have the money to pour on other possible entrepreneurial concepts. These entrepreneurs purchase the raw materials, products and services in the community needed for their business ventures. They also give to the local charities and provide money for social works.

With entrepreneurs, the economy of the community has the chance to grow and boom.

Keywords: Self help, Success, Motivation, Education, Blogging, Shopping, Community, Sharing, Wealth, Personal Budget, Mindset

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