We know entrepreneurs are valuable to any community but do we ever really think how detrimental they are to the way of life that surrounds us. It’s not easy for them to succeed in this task however as statistics have shown us that less than half of these new firms that are in our communities don’t survive past the first year of inception. Even with the aid of expansion programs they still have a very critical time making it. These programs have spread originally from the Northeast and Mid

We can see the varying kinds of entrepreneurs there are. One type could be owner managers who assume all the risk, manage the business, reap the reward for success, and bear any consequence for what failure may come. It’s all on their shoulders to make or break their firm and they take sole responsibility in anything that happens to their business. There are basically only two types of entrepreneurs; lifestyle and high-growth. A lifestyle entrepreneur will start a firm to provide for a family and support a desired lifestyle. They seek independence and control of their schedule, hire very few personal help, and sacrifice growth for lifestyle choices. They are typically thought of as “mom and pops” stores. High growth entrepreneurs on the other hand try to start and develop larger, highly visible and more valuable firms. They always try to obtain the resources to fuel new growth and eventually want to go public after some success. In the minds of community leaders they feel as though high growth entrepreneurs bring the most benefits to their communities. They say this because high growth entrepreneurs create new jobs, more income, more wealth, and a larger tax base as well. Also, they reinvest their earned money back into their community too. The majority of high-tech companies you will see today are good examples of companies started by high growth entrepreneurs. Entrepreneurs largely determine if a business will be successful or not, it basically rides on their shoulders. There are many entrepreneurship development programs that help to focus on improving an individual’s skills. Many of these programs emerge from partnerships between nonprofit organizations and the government. Theses programs basically focus on areas such as managerial know-ho

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