When people ask what does an entrepreneur do for America, one cannot answer the question easily due to its wide concept. In brief, an entrepreneur helps in living the American dream by attending to the problem of unemployment.
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Role of Entrepreneurs in Removing Unemployment from America
Living the American dream also means removing unemployment from the nation. Unemployment is considered a major problem in America. Eradication of unemployment is on the top of each successive government’s agenda. Though there are several plans from the American Government in place for reducing and removing unemployment, the problem of unemployment is growing rapidly instead of decreasing. Either people do not know about the plans or are skeptical about the thought of starting their own business.
America is not the only country that is experiencing the problem. According to the “Guardian" dated May 26, 2009, the corporate companies will not be incorporating new people for many months to come. This means that the problem of unemployment will further increase unless entrepreneurs step in to take up the task of removing unemployment not only from America but from the entire planet.
The problem of unemployment can be removed only if people understand the reason behind the problem and the options available in America to become an entrepreneur. Entrepreneurs are the only ones who can fulfill the dream of an America that does not have any kind of unemployment problems. They also help the government in implementing several plans by funding the schemes through the different taxes that their small-businesses pay to the government treasury. Most of these plans are aimed towards benefit of the American residents thereby helping them in living the American dream.
Before we understand what does an entrepreneur do for America, let us take a quick look at the two important issues contributing to the problem of unemployment.
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Factors leading to Unemployment in America
The best yet most ignored aspect that contributes to the problem of unemployment is the ignorance or rather, unwillingness of a person to take up the reins in his or her own hands. The Government of America has provided several plans that help in starting a small business for entrepreneurs, right from counseling to financing small businesses.
Entrepreneurship is an easy solution to eradicate the problem of unemployment in every country but people hardly consider it, assuming it to be something that degrades their social status and by associating it with an unsecure future. Even if a percent of unemployed start their own business, they will start earning not only for self but can also create a number of job opportunities for others.
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What Does an Entrepreneur Do for America?
An abstract definition of an entrepreneur would be "a person who earns money using the available resources so as to cater to his or her financial needs while also creating opportunities for other people to get employed."This also explains what does an entrepreneur do for America.
Basically, when an individual starts to earn on his/her own, that person is out of the problem of unemployment. Coming to the question of what does an entrepreneur do for America, it need not be mentioned that each entrepreneur created in America helps reduce the unemployment scenario in the state by some percent. If more and more people change their mentality and start their own businesses, be at a micro level or at mid size, the scenario of unemployment in America changes significantly. These businesses create plenty of job opportunities that can be utilized by the unemployed to earn money.
Other than creating job opportunities, the entrepreneurs pay several taxes related to their business. This includes income tax, as well. In addition to the different taxes paid by the small businesses run by entrepreneurs, the people working with these businesses also have to pay income tax to the government (subject to the States' regulations). Thus, a small spark ignited by an entrepreneur also helps increase money in the government treasury. This money is invested in different plans to help the senior citizens, people with disabilities, orphans, and several other needy people across America.
To sum up, if anyone asks what does an entrepreneur do for America, the answer is that she/he helps reduce the problem of unemployment and also provides funds to the national treasury by way of taxes that is put into several schemes for the benefits of American residents. This helps us in living the American dream.
This article series offers you some reading material that helps you understand that you do not need a B-School degree to make it big. The series covers few entrepreneurs who made it big without sophisticated business strategies. It also covers the American Dream and grants available for the same.