Self-Employment Essay -- Jobs Businesses Papers

Self-Employment Today large companies atomic number 18 downsizing and reengineering with oft more frequency, and it would appear that the trend has become champion of people offset their own business. An interesting statistic stated that in the United States a refreshing small business is started every 11 seconds (of course many do fail, but they are started all the same). (Sullivan) We must also keep in mind that starting a business and being self-employed are not always one in the same-as this paper will drive outvas in more detail. People can be, and often are, simultaneously owners, self-employed producers, and capitalists. It was stated that, In traditional economics a basic convention is that economic resources-the means of producing goods and services-are limited or scarce. Economic resources are define as property resources-land or raw materials and capital-and human resources-labor and entrepreneurial ability. Therefor e, entrepreneurial ability is one of the four cornerstones of our economy. (Kautz, Entrepreneurial Issues.) The availability of all of these resources in turn, determines the vitality of the economy and its growth. Although to be an entrepreneur does not require that one be self-employed, being self-employed does require that one, at least to rough extent, be an entrepreneur. Therefore it is important to understand what it is to be an entrepreneur as well as what it takes to be an entrepreneur. The basic components of entrepreneurial ability can be reduced to four basic components. First, the entrepreneur is the one who takes the outgrowth step, and thus the initiative, to combine the individual parts of land, capital, and labor to produc... ...ary/weekly/1999/aa051799.htmKautz, Judith. Entrepreneurs attention deficit disorder Vitality to the Economy. July 2, 1999. WYSIWYG//24/http//entrepreneurs.s/library/weekly/1999/aa070299.htmKautz, Judith. Entrepreneurs hip Beyond 2000. wysiwyg//29/http//entrepreneurs.s/library/weekly/1999/aa112599.htmMartin, Ed. Entrepreneurs and Small Business. Whats the Difference? wysiwyg//53/http//sbinformation.ation/library/weekly/aa082800a.htmPettersson, Edvard. Countering View of Immigrants as Entrepreneurs. Los Angeles Business Journal. January 24, 2000. The Gale Group (CBJ, L.P.).Sullivan, Robert. 9 Steps to Success. The Small Business Start-up Guide. wysiwyg//17/http//www.bizproweb.com/features/9_steps_to_success.htmlTop 10 Reasons Small Businesses Fail. wysiwyg//14/http//about.allbusinormation/general.jhtml?fname=10207