Why Entrepreneurship Part 3: Social Impact

So far in this series, I have discussed who can be an entrepreneur, what it takes to be successful, and explored the freedom that comes from starting your own business. In this final post, I want to show the ways that entrepreneurship can be used as a tool for social impact. Small Business Worldwide It is hard to find worldwide figures, but in the United States, small businesses employ half of the entire workforce and create about 64% of new jobs. These numbers are likely higher in less developed countries where unemployment rates are high. High unemployment rates in these countries encourage some individuals to be creative and find ways to make money when jobs are scarce, resulting in many unofficial small businesses. While these … Read more