Entrepreneurialism doesn’t get enough credit in our culture today, despite being one of the greatest and most important forces for sustaining and improving the standards of living for all humanity. We only have to look at the recent pandemic and the efforts of small businesses—such as those in the distillery industry—that rose to the occasion to mass-produce hand sanitizer.
The same is true in the farming industry, where entrepreneurs are addressing food production challenges and developing new ways to meet the needs of a growing population.
Unfortunately, entrepreneurism does not receive the support and promotion it once did, potentially setting the scene for an entire generation of lost innovation.
Why Entrepreneurism Is So Important
While academia is often seen as the source of major innovations and technological leaps—and rightly so—many times it is entrepreneurs who take those innovations and put them into practical use.
As an example, take the marvel of flight. Man dreamed of flying for thousands of years. Even after the Wright brothers made the first successful flight, it was enterprising entrepreneurs who made flying commonplace. The same continues to be true today, with entrepreneurs pushing the boundaries and spurring the adoption of breakthrough technologies that benefit mankind.