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US Secretary of State Hillary Clinton gives speech at the Regional Entrepreneurship Summit in Bali, Indonesia July 23, 2011. (EPA Photo/Adi Weda)

Entrepreneurs are often considered the stars of business, the rebels that redefine mundane realities. Both developed and developing countries acknowledge the role they play in spurring economic growth. But the term entrepreneurship is often loosely defined.

It is the amount and speed of wealth creation, high risk and innovation that separates real entrepreneurship from small business or the self-employed. Entrepreneurs challenge basic notions of the market by taking risks that many people would consider irrational. They are willing to go to great lengths to build their businesses even if that means selling their own homes. Successful entrepreneurs are the ones that may initially be ridiculed but later are applauded for the positive changes they instill in markets.

 

To read the full, original article click on this link: Only by Letting Ideas Bloom Can We Harness the Nation’s Entrepreneurial Spirit | The Jakarta Globe

Author: Girish Nanda