Importance of Entrepreneurship

Table of contents

Introduction

What is Entrepreneurship?

Entrepreneurship is one of the most important contributions in the economic development of any country. It is a key driver of our economy. Wealth and employment creation within a country are started by the combination of all businesses – namely small, micro and medium enterprises (SMMEs). By definition entrepreneurship is “a behavior focusing on opportunities, the activity of setting up a business or businesses, taking on financial risks in the hope of profit.”
Entrepreneurs are individuals who, rather than work for a certain company as an employee, take the venture to start up a small business with the goal to expand and grow the business. Entrepreneurs are commonly seen

Create New Businesses
Entrepreneurs are very initiative and most of their success is based on recognition of an opportunity and acting on it. Firstly, all entrepreneurs are unique, but they all have a common ground and that is making profit. Secondly, along with profit comes the growth of the business which means that the entrepreneur has to employ people for business stability. Thirdly, with all that has been said entrepreneurs bring in the new form of goods and services, thus, add to further economic development.
2. Add to national income
Entrepreneurs are always on the venture to create and generate wealth. “New and improved offerings, products or technologies from entrepreneurs enable new markets to be developed and new wealth created.” With increased employment and higher earnings, the contribution to national economy in forms of tax revenue that could be used to help other struggling sectors by the government.
3. Community development
Entrepreneurs involved in community development by investing in community projects give financial support to local charities. By so doing, this enables motivation on younger ones to take on the entrepreneurial ventures in their

We also specialize in software design and development.
Main Services Creative Design, Dynamic Websites, Priority, Software Development, Responsive Web Design and Quality Products
Vision Our vision is to become the industry benchmark of excellence in complete Web Design to a broad spectrum of enterprises.
Mission Our mission is to deliver simple and effective Responsive Website solutions to small, medium and large companies by employing expert staff, applying best of breed technology and providing a complete and comprehensive IT solutions to both businesses and consumers
Goals Improve employee skills

Business Environment
Micro environment

Market environment Macro environment

SWOT Analysis

Findings about the business
120webz as a business is doing well because, they are client lead and as such they are not happy as long as the client is happy with their services. The honesty of the testimonials done by the clients on their website prove that the company is doing good and provide quality services.