The importance of Entrepreneurship and Enterprise in the UK Essay

The importance of Entrepreneurship and Enterprise in the UK - Essay Example That is, this paper will analyze how these traits are visible, and how it had aided them to achieve success and reach top positions in their country. Entrepreneur is the owner who can create honor for the enterprise. That is, entrepreneur, as a ‘founder’ cum ‘builder’ can launch a new Enterprise from scratch by building a team. He/she can build his/her team by associating individuals who came from the same ‘stable’ like friends, work mates, family members etc and by recruiting new individuals with the right talent, knowledge and attitude. With this ‘living’ group, and the material things like capital, machines, infrastructure etc the entrepreneur cum leader embark on an organization. So, an entrepreneur is someone, who with inbuilt and also acquired leadership traits set ups a new startup to offer a new or existing product or service. The above graph shows that in United Kingdom young people are more likely to believe that entrepreneurship represents a good career choice and that it brings status. Also, it shows that younger people are less likely to believe that there is enough media coverage of new businesses. The successful entrepreneur has a range of personal skills, attributes and behaviours that go beyond the purely commercial. It is these attributes, this way of thinking and behaving that needs to be developed in our students if their entrepreneurial capabilities are to be enhanced. (Pg.360). The thing, that will be common to all these entrepreneurs, even though they live and function in different corners, is the good amount of leadership traits. Speaking about good leadership traits, the trait of having a good vision is one of the foremost ones. Actually, the vision that arises in the mind of the entrepreneur only initiates the process of entrepreneurship. And that mental picture or vision will