If you want to know why entrepreneurship is important, this is a must read!

It not only tells you the importance of entrepreneurship but also shows you some secret tips that can help you succeed as an entrepreneur!

First things first though, let’s get one thing clear… there’s a lot of confusion regarding entrepreneurship.

A lot of people are under the impression that entrepreneurship is basically baked into the whole free market system.

But is it really?

If you live in a country that has a relatively healthy market system, it’s usually assumed that there’s a lot of entrepreneurship already happening.

This is too big of an assumption to make.

Please understand that the moment any society loses appreciation for the value and importance of entrepreneurship is the moment that society begins to slip.

 

why is entrepreneurship important

 

Importance of Entrepreneurship 

It’s only a matter of time, until everybody starts to feel the negative impact of little to no entrepreneurship.

The simple truth is you only need to look at the rise of modern day China, to see just how important this societal value is.

That’s right…

That’s China is as far as you could go, because when it began, it was a socialist dystopia. China, after all, is ground zero for Chairman Mao Zedong’s Great Leap Forward.

Upwards of 50 million Chinese died of starvation because of that failed social experiment.

Interestingly enough, it only took less than two decades to lift tens of millions of people from bone grinding poverty.

What was the secret?

Entrepreneurship.

That’s how crucial this skill system is.

And if you are looking to change your life for the better, entrepreneurship is the way to go.

The simple truth of the matter is entrepreneurship breaks people from income dependence. You may be thinking that you have a job and that you have it figured out.

 

Entrepreneurship Versus Employment

You may be thinking that you’re well taken care of because you have a full time job, your job might even have all sorts of benefits.

But guess what?

You’re working on a completely “no work no pay basis”.

In other words, if for whatever reason, you lose your job, you lose your income.

That is the long and short of it.

End of story.

Game over.

If you choose to become an entrepreneur, whether part time or full time, it’s a whole different ball game!

Entrepreneurs Can Make You Money While Having Fun

Unlike those who complain all day about hating their jobs, you can actually enjoy what you do as an entrepreneur… and still make a lot of money.

If you don’t know some of the ways to make money while having fun, check out all the following completely FREE articles right here on Kingged.com that explain some of such ways:

 

Entrepreneurship Can Bring Independence

entrepreneurial man

When you become an entrepreneur, you put yourself in a position to avoid income dependence.

In other words, you’re no longer dependent on one stream of income.

Entrepreneurship, for lack of a better word, means multiple income streams.

Let that sink in for a moment…

Instead of hoping and wishing that your current job and your current boss will take care of you…

You don’t have to worry, when you’re an entrepreneur.

Why?

You have many streams of income coming in.

In fact, in many cases, these income streams may not be all that impressive individually.

You may have a few thousand dollars here and they’re coming in month after month.

But guess what?

Just like mighty rivers like the Amazon or “Denial” are start out as small streams.

These small income streams, as humble and modest as they may be individually, can add up to a nice river of cash.

By the way, yes, as the popular saying goes “Denial Is Not a River in Egypt”!

 

Entrepreneurship Can Bring Passive and Active Income Streams

entrepreneurial business woman

This is where the magic happens as far as entrepreneurship goes.

This is sadly also the part that most people skip.

They’re completely clueless about it.

In fact, a lot of people think that entrepreneurship is just a one dimensional deal.

No, it’s not.

If you really want to take your income to the next level, you can’t just focus on active income.

The sad reality is you’re not always going to be healthy.

All these circumstances that work together to deliver active income in your life right here, right now may not be present tomorrow.

You know how fickle fortune can be. You know how life is.

Related: How To Make Residual Income (Many Even Make You Money While You Sleep!)

 

Entrepreneurship Can Help You Long Term

Yes, life is fickle for most of us.

It’s all about ups and downs.

And in many cases, you get hit by something completely by surprise.

What if you get sick?

What if you lose your house?

What if you go through a nasty divorce?

There’s just a one hundred and one disasters waiting to happen.

And just like that, your active income streams can go up in smoke.

This is why passive income is so awesome.

You work once, but you earn many times. What am I talking about?

I’m talking about things like making money buying rental property.

I’m also talking about making money writing books or getting them written for you and publishing them online.

You work once to publish these materials, but every single time somebody buys it from somewhere on the planet, you make money.

Either you make up part of the price in the form of a commission or royalty, or you earn the whole amount they pay.

Whatever the situation may be, you’re still earning.

That’s Entrepreneurship in action for you!

And guess what? When it comes to entrepreneurship using the Internet, you can even work only once to put that electronic asset up on the internet… and keep earning for months or even years to come.

Isn’t that awesome?

You can also set up all sorts of membership sites, where people pay to watch your videos or pre-recorded materials.

There’s just so many ways you can create passive income.

But what’s really important at this point in time is for you to think in terms of passive and active income streams.

Change your mind.

To completely shift the way you are thinking about how income is earned.

 

Entrepreneurship Can Give Lots of Options

So many people think that there’s only one way to earn income and that is active income.

That’s not true.

Thanks to being entrepreneurial, you don’t necessarily have to show up somewhere to earn a day’s income.

You can be sleeping in your bed and still earning money online.

Why?

When done right, your online store, whether it’s a drop shipping store or a content store, can be making money automatically.

It’s all about working once, but earning many times over.

Thanks to the internet.

This is no longer a dream. It’s no longer a theory. It is a cold, hard reality for lots of entrepreneurs today and it can be the same for you.

You can profit from starting today.

 

Secrets to Succeeding as an Entrepreneur

Whether you’re looking to build a passive or an active income stream, it all boils down to you being willing, ready and able to deliver value.

Entrepreneur barber shaving costumer

Yes, you read that right…

VALUE!

If you want to make money and you want to make it consistently, you have to deliver value because you have to earn your money.

That’s the bottom line with entrepreneurship.

You’re not begging for it. People are not obligated to give you money. You earn every single cent.

How does it work?

Very simple.

  • Find a need.
  • Pick it apart.
  • Fill that need.

There you have it. It can really be as simple as that!

Black and white; it can’t get any simpler than that.

  • Find a problem.
  • Solve it.
  • Be the best at solving it and you will make even more money as an entrepreneur.

Related: Awesome Self-Employment Ideas (including many that can work for most people!)

If you plan to become an entrepreneur, you will need to have:

Have Discipline

Yes, you absolutely need to develop discipline, if you want to really succeed as an entrepreneur.

Because let’s face it, the moment you plant that seed, it’s not automatically going to sprout up.

Flowers not going to magically appear.

Oftentimes, it takes a long time for that flower and fruit to appear.

You’re going to have to make the commitment to do whatever you can to ensure that your venture bears fruit.

This requires discipline.

importance of Entrepreneurship

Have Patience

Patience is also very important, as an entrepreneur.

If you are not patient, it’s easy to make mistakes that end up spelling disaster for you, especially long term.

See the Big Picture

Additionally, you need to have a big picture view. You can’t be small minded.

Not only should you pay attention to what’s happening right in front of you, but you should also think about what you’re going to do the next day and the day after that.

And next month and next year.

Be Versatile

Additionally, furthermore, you need to be versatile.

Let’s face it. Business is up and down.

Sometimes you get hit with all sorts of disasters. You wouldn’t have to know what to do.

Not only do you have to be persistent and resilient. You also have to be versatile.

You have to be able to bend and move with the blows.