The misconception that lingers with poverty and entrepreneurship should be removed at all costs. The misconception starts with that a child of poor parents will remain the same way in his life and the generations will follow being poor. And this will happen not because they do not have merit but the money to send their kids to a fancy school or pay lumpsum money for college and as a result, they will not get the degree which is essential to get jobs that pay a lot of money for it. And entrepreneurship can only be useful to break the chain and do something extensive with the career.
This topic has been extremely discussed by various American people as they are witnessing a large disparity between their rich and poor. Being the economically largest and the strongest country America still faces the problem of poverty. And the solution to this is nothing but entrepreneurship.
There are various reasons for poverty in America, which includes
- Lack of education is the first
- Lack of a good job and job growth
- Social Injustice
- Not having access to minimum quality food or water
- Lack of infrastructure for the poor
- The unwillingness of the Government
- Failing to provide better healthcare to the poor
- High Costs
These are the major reasons for this enormous difference. But if someone is willing to take up entrepreneurship to overcome poverty, then the individual can follow these steps that are quite simple to abide by:
1. Start your entrepreneurship at a young age
It will not matter what your school was when you are successful. Every journey has its struggling days and to reach success quickly, one has to start the journey earlier.
- Try new ventures and business ideas until you reach perfection with them.
- Do the research! Invest time to build a system that works fluently.
- Make sure to have the attitude to fail, stand up, and start from point one.
According to verified data, 60 percent of the business owners succeeded well when they started their business at a young age.
2. Have a mentor
The best way to minimize your failures is to have the wisdom of others. Choose a person who has been doing this job for a long time and knows various details and tactics to get the job done without much effort. Charts show that 22 percent of entrepreneurs achieved their goals when they had a mentor or an advisor who provided the brain and company strategies.
3. Have entrepreneurship to develop your workforce
According to a survey, more than 85 percent of business owners have succeeded in their field when they have used the entrepreneurship training option in their prospectus. And not everyone is going to be an employee of the system made by some other people, and eventually, they will build their own. However, providing a job training program will make sure that everyone including the employees who are willing be a part of the company will deliver better performances inside the organization.
Though this may come with financial risks, this outcome will be extremely elevating if succeeded.
Being a pushover of the chains of the world and starting entrepreneurship may sound intriguing but it is the most useful way to win over your poverty.
If we look down on history there are many examples of people who succeeded with excellence overcoming all of their financial barriers.
Fighting for rights may sound honorable but nothing will be better than setting up a system that will help you remove the poverty from the community you belong to. Moreover, it will help you uplift the people who have seen you grow up and successful.
