Role of Entrepreneur for a Better Business
To understand the role of entrepreneurs for a better business, we first need to know that entrepreneurs fulfill a particular role in an economy and develop particular skills to pursue in that role. They are the spark plug in the economy’s engine and help drive growth. The economic success of nations worldwide relies on them. However, the society is prosperous only to the degree to which it measures, rewards and encourages entrepreneurial activity because it is this that is a critical determinant of the level of success, growth, and opportunity. To help with that Adam Radly Bob Bates have come with an entrepreneurship index known as Radly Bates Index . This index measures the percentage of the active workforce that is self-employed in the US and is updated every month when the monthly job data is released by the US Bureau of Labor Statistics. It also provides a mechanism for monitoring self-employment rates as we transition from regular work into the new gig economy. ...