{"id":15598,"date":"2017-04-17T09:36:38","date_gmt":"2017-04-17T14:36:38","guid":{"rendered":"https:\/\/www.hostgator.com\/blog\/?p=15598"},"modified":"2017-05-09T10:07:24","modified_gmt":"2017-05-09T15:07:24","slug":"why-entrepreneurship-matters","status":"publish","type":"post","link":"https:\/\/www.hostgator.com\/blog\/why-entrepreneurship-matters\/","title":{"rendered":"Why Entrepreneurship Matters"},"content":{"rendered":"

\"Why<\/p>\n

Entrepreneurs, we\u2019re often told, are the economy\u2019s heroes.<\/p>\n

Policymakers view startups and small businesses from Main Street to Silicon Valley as engines of innovation, economic growth, and overall prosperity.<\/p>\n

If you\u2019re wondering whether to invest time and effort into starting your own business-or if you\u2019re starting out and finding the learning curve steeper than you expected-you may wonder if the praise for entrepreneurs is valid or hype.<\/p>\n

Here are some reasons we think entrepreneurs and their work are so valuable, whether the businesses they run are large or small.<\/p>\n

\"HostGator<\/a><\/p>\n

Entrepreneurship lets business owners build they life they want or need<\/h2>\n

\"entrepreneurZhena Muzyka was a single mother with $6 to her name, no health insurance, and a child with life-threating health problems when she started her tea business. Muzyka told Entrepreneur<\/a> magazine one of her goals was to grow her company to five employees so she could offer an employer-sponsored health plan for herself and her workers the only way around the pre-ACA pre-existing condition exclusions that left her son uninsured. She told the magazine, 'There\u2019s nothing more powerful than a mother\u2019s will to protect and care for her children and that translated into a new drive to succeed for me.'\u009d Today Muzyka is the author of Life by the Cup<\/a> and has her own multimedia business at Zhena.TV, an outgrowth of her success turning $6 and a tea cart into a $6 million premium tea business.<\/p>\n

[bctt tweet=”Entrepreneurship lets business owners build they life they want or need. ” username=”hostgator”]<\/p>\n

 <\/p>\n

Entrepreneurship offers new solutions to customer problems<\/h2>\n

Sara Blakely wasn\u2019t the first woman to struggle with ill-fitting undergarments but she was the first to make a billion dollars<\/a> solving the problem. Blakely, founder and owner of the Spanx<\/a> line of shapewear, wanted what most women who own a pair of white pants want underwear that didn\u2019t make her butt look awful in those pants. Making cut-off control top pantyhose for her own use was a start, but she didn\u2019t stop there. After working hard to find mills that would create her products and stores that would stock them, Blakely leads a worldwide brand with a presence in dozens of countries and its own line of US retail stores-all because she found a problem and persisted in solving it for herself and her customers.<\/p>\n

 <\/p>\n

Entrepreneurship helps communities thrive<\/h2>\n

Kentucky farmer Kenny Mattingly, whom I interviewed earlier this year for Out Here magazine, saved his family\u2019s small dairy farm<\/a> by learning to make artisanal cheese. Mattingly\u2019s cheese-making venture pulled his parents\u2019 farm out of the red, and his grown son is now in the business, which means the farm will stay in the family for another generation. Kenny\u2019s Farmhouse Cheese sells to farm visitors as well as to restaurants, grocers and individual customers across the US. The company catalog offers preserves, sauces, sausage, mustard, salsa, and wooden cutting boards made by other local entrepreneurs to create a more robust and stable local economy.<\/p>\n

 <\/p>\n

Entrepreneurship can create new jobs and strengthen the economy<\/h2>\n

\"entrepreneurshipKenny\u2019s shows that even a small business can create jobs when it\u2019s successful. When it comes to job creation, though, it\u2019s hard to beat tech entrepreneurs.<\/p>\n

Microsoft, founded by Bill Gates, employs more than 100,000 people. Apple, started by the late Steve Jobs, isn\u2019t far behind, with some 76,000 employees. However, those are just the numbers within the companies.<\/p>\n

Each enterprise has also created supplier, retail, shipping, marketing and other jobs related to its company\u2019s products and services. On its website, Apple takes credit for creating 1.9 million jobs overall<\/a>, including 1.4 million related to iOS and its many applications. Microsoft was responsible for creating 14.7 million jobs<\/a> as of 2007, according to a company-sponsored economic impact study by IDC.<\/p>\n

Even a small entrepreneur-led business will generate some local economic growth. As your business grows, you may need to work with a CPA, an attorney to help you incorporate, and an assistant to take care of daily office tasks. That\u2019s just for a solo-run operation. Product designers and small retailers can add even more strength to their local economies as they hire production help, sales clerks, customer service reps, and shipping staff.<\/p>\n

[bctt tweet=”Entrepreneurship can create new jobs and strengthen the economy. ” username=”hostgator”]<\/p>\n

 <\/p>\n

Entrepreneurship can drive society-wide improvements<\/h2>\n

Because entrepreneurs are driven to create the life they want and solve the problems they deem important, and because they tend to have strong community and economy-building skills, it\u2019s not surprising that successful entrepreneurs are often the driving force behind major social initiatives.<\/p>\n

From Blake Mycoskie, founder of TOMS, which donates goods to people in need for each shoe and eyewear purchase, to the Gates Foundation\u2019s push to get cellphones into the hands of women in developing nations, entrepreneurs are naturals at thinking up solutions to problems we face.<\/p>\n

When Warren Buffett was a 13-year old paperboy and horse race tipsheet publisher<\/a>, he was solving the problems at hand. Today, the investment guru is one of the wealthiest people in the world and a co-founder (along with Bill and Melinda Gates) of The Giving Pledge<\/a>, a program that invites other billionaires to solve big problems by pledging half or more of their wealth to philanthropy. Among those who\u2019ve taken the pledge are international royalty and nobility, donors from old-money families like Hilton and Rockefeller, and a substantial number of self-made billionaires.<\/p>\n

 <\/p>\n

More reasons entrepreneurship matters<\/h2>\n

In my experience as a solopreneur with a writing business, I\u2019ve found that being my own boss forces me to focus on what\u2019s important and leave the rest aside. My kids are learning, by watching me and other entrepreneurs in the family, that setbacks are part of the process and that it\u2019s possible to build something good if you work at it, set goals, and build strong connections with others. Even without a billion-dollar business model, there\u2019s a lot of satisfaction in being able to decide which projects to say yes to and which to decline. There\u2019s also a sense of pride that comes from earning enough money from my own business to contribute to causes that matter to me.<\/p>\n

If you\u2019re just starting your entrepreneurial journey or wondering how to start, follow our\u00a0blog for step-by-step guides to starting your own online store<\/a>, surveying your customers<\/a>, and launching your home business<\/a>.<\/p>\n

Is there anything we missed? Tell us why you think entrepreneurship is important in the comments below.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Entrepreneurs, we\u2019re often told, are the economy\u2019s heroes. 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