entrepreneurs

Is the American dream still alive for entrepreneurs?

Entrepreneurs can be said to be one of the engines of the economy in any country as entrepreneurial diversifications steer the economic development and therefore increasing the chances of realization of the economic goals. America is one of the most developed countries have called for the need to maintain the top position in the international trade, and one of the ways has been through entrepreneurial and innovative strides that are highly encouraged by the government to the citizens. This, therefore, has called for incubating, nurturing and encouraging entrepreneurial minds by the government (Birkeland, 2004).

The entrepreneur’s dream is alive and strong in America. The American government has been very supportive of young entrepreneurs and the already established businesses. Businesses don’t exist in vacuums, and there is always the need for expertise, full support as well as investment for them to thrive. The American government has been a key player in ensuring the above-mentioned factors are availed and therefore giving the entrepreneurs the leeway to not only venture into business but also have the zeal to match forward (Birkeland, 2004). The business environment has also been kept conducive through eradication of factors that could threaten the performance of businesses like terrorism threats and therefore is a clear indication that the businesses have a great shield that reduces the chances of any failures due to external threats.

Some of the issues that have been greatly considered and are the key indicators that the American entrepreneurship dream still arrives are provision of equal legal systems, streamlining business registration, encouraging a diverse funding universal, enforcement of string intellectual rights, investment in education, reforming immigration rules and opening doors as well as simplifying the tax laws (Guzman, Stern & National Bureau of Economic Research, 2016). The above-mentioned factors have encouraged businesses to expand and also incubation of new ones and therefore clearly showing that the entrepreneurial future is still great.

In conclusion the support from the government and the positive drive by the American investors in entrepreneurship will play a major role in ensuring that there are always positive stride being taken in the entrepreneurial world. This therefore not only guarantees the state of the economy but also keep the entrepreneurial dream alive in the American economy.

References

Birkeland, P. M. (2004). Franchising Dreams: The Lure of Entrepreneurship in America. Chicago: University of Chicago Press.

Guzman, J. A., Stern, S., & National Bureau of Economic Research. (2016). The state of American entrepreneurship: New estimates of the quantity and quality of entrepreneurship for 15 US states, 1988-2014.

 

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