When exploring the characteristics of an entrepreneur, the positive impact these people have on the world is often overlooked. Paul Kirch wants to enlighten entrepreneurs to the fact that they are so important to the world. In fact the world needs more entrepreneurs and we need them to be successful. Paul believes that these leaders can help save the world and the economy through their actions and influences. Whether you believe that or not, entrepreneurs create jobs and provide tools and services which make the world a better place.
The successes and positive actions of entrepreneurs are like drops of water on a pond, creating ripples and waves which expand far from their point of contact. The average entrepreneur creates 3 new jobs. If a person they hire was someone out of work, they’ve helped make their life better by getting them back to earning an income. Or perhaps the person they hire was unhappy in their previous job and they love a start-up or small company environment where their opinion matters and they can express creativity every day, helping drive the direction of the company. Perhaps the person they employ was unhappy and stressed, which negatively impacted their relationship with their wife and kids. In the new position this person now feels better about their situation and becomes a better spouse and parent. The children’s grow up in a loving and positive environment, which helps them become better teens and adults. In addition the father helps grow this young start-up into a larger firm and has given his family financial stability, as he grows in his role. By earning more, he contributes more to the economy, helping stimulate growth and stability.
This represents just a glimpse at the potential impact of the entrepreneur. The actions and contributions to the world represent some of the greatest characteristics of an entrepreneur. After all, the earning potential of an entrepreneur is significantly higher than that of an employee. In fact, entrepreneurs are really only limited by their business model and their work ethic. This greater earning potential means that they can provide more money to our economy. They can also make greater contributions to charities and causes, in both time and money. Entrepreneurs make tax contributions individually and through their company, which also provides economic stimulation. And that’s just the tip of the iceberg. For example the money they earn can, and often is, utilized to fund new companies or to develop new products and services. Typically, small start-ups are not as widely recognized for innovation as much as some larger companies, due to a lack of resources. However, even small firms and start-ups can be and are innovative. Also, as these firms succeed and grow, more innovation can occur as their resources grow. The important take away here is that one of the characteristics of an entrepreneur is that they see money as a tool. It’s meant to be put to work. “Money is power, not because of who it makes you, but for what you can do with it.” – Paul Kirch
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