Entrepreneurship is the way economies move forward. This has been true since the dawn of time. The first use of controlled fire was an entrepreneurial idea; the mix of simple science, common sense and a problem that needed a solution. The more modern version of the entrepreneur has sometimes been confused with a need to maximize profit. Regardless of profit, entrepreneurism is about problem solving; although it does help if there are incentives to engage in such activity now that the opportunity to build wealth has replaced basic survival motivations.
However, commercializing scientific and other ideas helps both our economy and society. It creates jobs and tax revenues and a pulse of activity that can synergistically lead to more business activity and new businesses. Much of that activity is a function of how government, education and economic development all act in concert to support the entrepreneurial community.
To read the full, original article click on this link: GUEST OPINION: Local economy needs local entrepreneurs | PressDemocrat.com
Author: ROBERT EYLER
