HOW TO START AN ENTREPRENUERIAL REVOLUTION

1.              Which of the “Nine Prescriptions for Creating an Entrepreneurship Ecosystem” stands out to you the most, or seems the most effective? Why?

I think that the most important for me it’s #6: Tackle Cultural change Head-On. Because thanks to this, we can see that nations as Chile and Ireland have been changed for a good cause. I think that governments can also help to change this cultural issue thanks to those successful entrepreneurs that have been working hard for their countries, facilitating programs and other stuff such as communication media as a window for future entrepreneurs who wants to work  hard to achieve those goals as well . Because of many of those successful entrepreneurs, the whole nation can be seen as a new one and it would be good for the country to have a good image for new investors (foreign).

2.              The 7th proposed “prescription” is called “Stress the Roots.” In the context of self-reliance, why would this particular prescription do so much good? Also, what relationship can you find between “stressing the roots” and the trials you have faced in your life?

This can do so much good to those new entrepreneurs who want to run a business and don’t have the funds they need as a capital. This action also helps the governments control the projects because in order that they give money to these entrepreneurs, they also ask for result avoiding with this the frauds.

However, as members of the church we have been taught that we should be self-reliant and good stewards. By knowing this, we are going to be able to manage our resources in a wisely way and will help us avoid the laziness and develop our entrepreneurial spirit.

While reading this part of the lecture, something stood out in my mind: “In fact, the hardships of resource-scarce, even hostile, environments often promote entrepreneurial resourcefulness.” I really can testify about it because I have seen it in my life. There have been days when I didn’t even had enough money to make a dinner so I had to use the little resources and my intelligence in order to create something new that can cover my needs. Sometimes it is necessary to “stress the roots” a little bit so the innovation can come up with power.

3. Based on this article, why is the relationship of plentiful resources and entrepreneurship so ironic?

I think is so ironic because if we have plentiful resources, we are not going to be able to explode all our entrepreneurial capacity. We are going to live “fine” thinking we have all what we need and we can fall in a circle of routines that might numb our senses. Having less resources will help us develop in a faster way all our skills, capacities and talents in order to look for new alternatives and innovate in the market. It’s ironic because sometimes we complain about the poor resources we have, but instead of complain we have to see those as opportunities and challenges to grow as entrepreneurs and build and solidify our character for future situations.

If you want to buy or read the entire article you can click here: Harvard Business Review