The evolution of entrepreneurship in the 21st century. Small Business is really growing and booming in the 21st Century because many people are opting for small business opportunities over working for large companies.
Individuals born 1990 and after are no longer willing to follow the old-fashioned custom of getting a 9 to 5 job with great benefits. There is also an increase of women starting their own businesses as well. Many women who are going through a major shift in their personal lives are deciding to start their own business. Also, many developing countries are starting to realize the importance of giving women the tools needed to start their own businesses to improve their financial conditions and family life.
Many women are becoming successful entrepreneurs for the following reasons:
- Many women want to have creative control of their ideal lifestyle.
- Many women are starting businesses out of necessity because they want to fulfill a need or service that is not being meant.
- Many women are starting businesses because they are passionate about a certain cause.
- Many women are starting businesses because they have a business idea that has been nagging at their mind and heart for several years.
- Some women will start their own business to spend more quality time with family and friends. Mainly to have more flexible time to spend time with their children.
- Many women are becoming entrepreneurs because they want to be their own boss.
There are many societal advancements that are making it easier for the “21st Century” Entrepreneur to start and sustain their own business. Many countries are starting to see the importance of helping their citizens with starting their own business because small business is the key to economic development and economic sustainability. Many societies are starting to realize that the best way to improve their economic conditions is by assisting their citizens with starting their own businesses.
Here are some amazing ways that many countries, like developing ones, are starting to see the benefits of small business development:
- Many governments are starting to provide financial incentives for their citizens to start new businesses to save the environment or ending illegal activities.
- Many countries are starting to encourage their people to start their own businesses because small business is what sustains and maintains the world economy. Many major corporations will close their shops, relocate their business to other countries, or will downsize. But, small businesses rarely go out of business, many small businesses are local, and small businesses are supported by local communities.
Another reason why it has become easy for individuals to become successful entrepreneurs is due to the advancements in technology.
Here are a few advancements in technology that have made it easier to do business in the 21st Century:
- Social media platforms have made it easy for entrepreneurs to promote, market, and advertise their products and services.
- Small business owners can provide their products to customers in a fast and efficient way. You can now receive products in one day, instead of, a week.
- Some businesses can provide their services to their customers virtually without having to meet them in person. This is especially true in the technical field like website development and IT.
- You can have a meeting with essential players in the business without everyone being in the same location due to webcasting, teleconference, and video conference.
- You do not need an office to have a small business because you can work from the comforts of your own home. All you need is a laptop computer, cell phone, and portable printer.
The world of “entrepreneurship” has changed greatly in the last few decades and it has changed for the better. So, if you have the desire to start your own business or become an entrepreneur, you can do it without being fearful of doing so.
