While any type of business involves risks, entrepreneurship typically carries an increased risk. While this may be the case with traditional businesses, entrepreneurship generally involves taking risks that go beyond the typical business risk. The ultimate goal of entrepreneurship is to create new value. Generally, a business will try to achieve this by creating new products or services and selling them for a profit. In addition, an entrepreneur is usually a risk-taker, like Kevin Mulleady.
Entrepreneurship is an important part of the American economy. Not only does it provide new products and services, but it also improves the quality of life. It is the hub of innovation, allowing new ideas to flourish and raise standards of living. By increasing incomes, many people can afford better products and services. Moreover, a healthy employment base means improved quality of life. Therefore, it is an essential part of a healthy economy.
Despite …