Every November, we recognize National Entrepreneurship Month, and this year, we’re getting set to celebrate the tenacious spirit of entrepreneurs everywhere. Designing, starting, and operating a new firm while taking into consideration all the risks and turning a profit is the art of entrepreneurship. There are other ways to define it, but they all revolve around the same idea of entrepreneurship, which is the capacity to develop an idea or innovation into a successful enterprise. It deserves to be honored because success in this field requires commitment, perseverance, and unending energy.
When is National Entrepreneur’s Day
Every year, on the third Tuesday in November (November 15), National Entrepreneur’s Day honors those who started from nothing and built successful businesses. Brilliant minds’ radical inventions have influenced not only how we live today but also how we will live in the future.
National Entrepreneur’s Day History
The French term entreprendre, which means “undertake,” is where the word “entrepreneur” originates. It initially appears in the year 1723 edition of Jacques des Bruslons’ “Dictionnaire Universel de Commerce,” a French dictionary. Richard Cantillon, an Irish-French economist, developed the field of entrepreneurship research in the late 17th and early 18th centuries. In his book “Essay on the Nature of Trade in General,” he defined an entrepreneur as someone who purchases a good at a specific price and then resells it for a variable sum.
Cantillon distinguished between the entrepreneur and the investor by emphasizing the entrepreneur’s willingness to accept the risk and deal with the uncertainty. Jean-Baptiste Say, a different French economist, highlighted the importance of entrepreneurs as one of the production’s main components by identifying them as forces behind economic growth. Say and Cantillon were both physiocrats who belonged to the French school of thought.
An entrepreneur is someone who is willing and able to transform a novel concept or invention into a successful innovation, according to economist Joseph Schumpeter in the 1930s. For him, being entrepreneurial led to the creation of new industries and the fusion of already existing elements. He used the creation of the horseless carriage by combining a steam engine and a wagon as an example.
A petition to establish a National Entrepreneur’s Day was begun in 2010 by entrepreneur Siamak Taghaddos. He couldn’t comprehend why America, regarded as the nation with the highest rate of entrepreneurship in the world, didn’t already have a day set aside to honor entrepreneurs. President Obama declared the final day of 2010’s National Entrepreneur Week as National Entrepreneur’s Day six months and thousands of signatures later.
National Entrepreneur’s Day Activities
Attend a celebration of local entrepreneurs.
Attending neighborhood markets, pop-up stores, or business events is a terrific way to stay informed about what’s happening in your community. And it’s a wonderful way to network, too.
Make your concept a reality
Considering a potential business venture? Start investigating rival businesses or comparable industries in your area to gauge the likelihood of success!
Help spread the news about National Entrepreneur’s Day and the reasons why it’s a day we can all celebrate, whether you know an entrepreneur and want to recognize their achievements or you look up to an industry leader for their work.
Show your backing
Make a point of supporting the local businesspeople in your town or area. Give these local business owners some well-deserved business by shopping there or dining at your preferred establishment.
If you are an experienced entrepreneur, think about helping out a friend who is just starting out. You can significantly impact a person’s life with just a little direction. One method to give back to the community is through mentoring.
launch a business
Everyone has gone through a time in their lives when they felt the need to start their own business. Use this chance to pursue your ambition of starting your own business! You should feel more comfortable starting your own business now that resources are so easily accessible and social media is so powerful.
