Creation of wealth – An entrepreneur’s responsibility
- This dude is a real entrepreneur. India has tons of them. Image by orange tuesday via Flickr
All the human activities you see around were originally thought of and seeded by an entrepreneur – a person who ventures into an endeavor that nobody else before him did. Development can then be said to be an entrepreneur’s sole responsibility. And development, in most cases, is considered nice by our race at large.
Most salaried persons play a role in creation of wealth. A role, but not responsibility. I did something in creating every 1 re I earned as a salary, but I was a part of a larger scheme of things that created, maybe 10 Rupees. And I presumably got my rightful share of 1 Re from it.
In an absolute sense, every 1 rupee that you create as an entrepreneur is worth much more. I have read somewhere that for every IT job created in Bangalore, there are 72 other allied Jobs created (say folks working at coffee shops, Banking, house maid etc.). Drawing inspiration from the same line of thought, It is easy to see how the creation of every rupee seeded by you as an entrepreneur has a ripple effect throughout the society. This 1 rupee never existed before and you carefully seeded it’s creation which in turn will create, for example, 72 Rs for the people who are a part of it.
I am unable to decide if the flip side creates a network effect too. Will a loss of 1 Re that you incur wipe a lot more wealth in the society? I am not sure. What do you think?
Entrepreneurship is a little bit about all the glamor that people have purported it to have, but it is a lot more about things like this. As an entrepreneur, You are making this world a better place for a lot of people simply by being one. Keep that going. Or if you wondering if entrepreneurship is for you, this should give you an additional point of view to consider.
“With great power comes great responsibility” – Uncle Ben, Spiderman
Related articles:
- You’re Not a Real Entrepreneur (steveblank.com)
- My Thoughts on the State of Entrepreneurship (somewhatfrank.com)
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Benefits of being an entrepreneur | Perspectives « Entrepreneurialisms
14 Jun 10 at 12:58 PM
Great post !
Being an entrepreneur is not easy by any means.
“salaried persons play a role in creation of wealth. A role, but not responsibility”
i would add “and no risk” to that statement.
/Chandu
Chandu Nannapaneni
14 Jun 10 at 1:49 PM
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Benefits of being an entrepreneur | Perspectives | Deferred Life is The New Teaser Plan
14 Jun 10 at 8:28 PM
@chandu,
I agree. And “no risk” in turn reduces your actual contribution because the risk was taken by someone else.
shivku
15 Jun 10 at 11:01 AM