Majid Mehmood
“One of the huge mistakes people make is that they try to force an interest on themselves. You don’t choose your passion; your passion chooses you.” -Jeff Bezos What is an entrepreneurship? Has this question ever risen in your head? Entrepreneurship is actually the creation or extraction of economic values while an entrepreneur is an individual who creates or invests in one or more businesses. He brings more ideas to the business, bears the risks and enjoy most rewards. So the process of setting up a business with its risks or profits is also defined as entrepreneurship. An entrepreneur can act as a manager as well as the CEO. As Vince Lombardi said: “Winners never quit and quitters never win”. So entrepreneurship not only involves the profits and the rewards but it also means to bear all the risks without quitting because only then you can succeed. If we look into its history, then entrepreneurship is a French word. It was first appeared in the French dictionary entitled Dictionnaire Universal de Commerce in 1723.In the 20th century, entrepreneurship has been extended to a specific mindset i.e., social entrepreneur, political entrepreneurship or the knowledge entrepreneurship. In recent years, it has been claimed as major driver of economic growth. A large number of new jobs are created by entrepreneurship. The role of entrepreneurshipin creating new jobs opportunities is really huge. Entrepreneurial ventures actually enhance the production. They generate more wealth and help in the nation income. Entrepreneurs bring new innovations from their research which further leads to new jobs, technology, market, product, etc. They bring the new ideas. They have the potential to improve people’s lives. They actually bring new ideas and technology which brings the changes to society. It leads to the improved life style and advanced thinking. Winston Churchill said: “Success is walking from failure to failure with no loss of enthusiasm” At Duke, the innovation and entrepreneurship initiative has a special program aimed specifically at Social Innovation. The program is “building upon and extending the strengths of university to create a transformational learning environment to inspire, prepare and support entrepreneurial leader and scholars to turn knowledge into action in perusing innovative solutions to the world’s most pressing problem”. To support and promote entrepreneurship is important as it has the positive impact on the country’s economy as it finds the innovative solution to the challenges. During the past couple of years, especially in Covid-19 pandemic, a lot of entrepreneurs have risen all over the world. They havehelped in improving the economies and have brought a lot of new innovations in the industry. Everyone is slowly going towards the entrepreneurship. “Choose your dreams before someone else chooses you for their dreams.”
