Entrepreneurship and Ethics : Challenges and Choices of Entrepreneurship

Today young entrepreneurs are mostly concerned about the risks that come with new businesses including funding staff and success rate. Indeed a large number of business owners rely on loans to keep the company operational and often have to use their personal funds to tie some loose ends.  However loans also help them expand their business and achieve more within their industries. Finding high-quality staff is no easy task which is why many owners decide to go it alone at least for a while. It is necessary to understand that the entrepreneurship failure rate has never been lower with only 20% of businesses closing after a year. All this is possible when the mindset changes from the culture doers to the providers.By encouraging our children to run with their imagination and use it to think up new products services or improvements on current ones we are helping them exercise their entrepreneurial muscle. This is a great way to put them into an entrepreneurial mindset and by the time they are an adolescent or teen they may be coming up with ideas good enough to turn into real businesses. Entrepreneurship should start at a young age thereby their ideas and dynamics will have a great shelf life and also the venture can sustain the ever-growing markets.