Topic > Owning and Running a Business - 915

Benjamin Franklin, one of history's greatest entrepreneurs, once stated, "If passion guides you, let reason hold the reins." The potential entrepreneur could learn from Benjamin Franklin's passion and dedication. This passion drives a surprising number of people to transition into entrepreneurship, despite the challenges they face, such as high failure rates, difficulty providing benefits to their employees, and obtaining financial support. With a creative approach, entrepreneurs can face and overcome these challenges and turn their passions into a successful career. Just like Benjamin Franklin, entrepreneurs are stubborn, driven people who prefer to get behind the wheel and drive, so to speak. The potential success as an entrepreneur stimulates the entrepreneurial spirit in many people every day, regardless of the difficulties that arise. An increasing number of people are becoming self-employed and starting their own small businesses. According to 2008 U.S. Census reports, more than 2,300 people a day transition into the position of entrepreneur. The reasons behind choosing entrepreneurship are vast and innumerable; however, the passion for success is a constant motivation for entrepreneurs. It's no wonder so many people are making this transition, when there are so many success stories in the world of entrepreneurs. Take Steven Spielberg, for example, who began his career as a preteen, charging admission, 25 cents, to his homemade "adventure films." Perhaps he knew as a boy that he had a talent for the film industry, or he had such a passion for film that he couldn't do anything else. Steven Spielberg is now a household name and one of the richest directors in the world. Imagine what our film industry would be like today if Ste... middle of paper... had succeeded more than a century later. However, without financial assistance, Edison's success may never have come to light. Owning and running a business is by no means an easy task. If it were easy everyone would do it. However, despite all the challenges that present a potential entrepreneur, it is passion that drives so many people to face and overcome these difficulties. With creativity and determination, entrepreneurs can defeat high failure rates, provide benefits to their employees, and obtain financing to steer their businesses in the right direction. Entrepreneurs can find hope and inspiration in the many success stories that extend far beyond our founding fathers. Entrepreneurs hold the American dream in their hands, but they must dedicate themselves and find creative solutions to difficult challenges to achieve lasting success.