As an aspect of their vocation, entrepreneurs have been provided with a great resource, and the Lord through his word is asking them to do great things with that resource. The Bible says that, from everyone who has been given much, much will be demanded in return; and from the one who has been entrusted with much, much more will be asked of them. (New International Version, 2021, Luke 12:48). In this new century, many entrepreneurial skills have given rise to extraordinary innovations, some of the resulting innovations have helped cure chronic illnesses, connected people through technology advancements all while creating prosperity in many ways (“The Vocation of the Business Leader: A Reflection“, 2018). Nevertheless, this era has also seen a rise in corporate controversies, severe economic disruptions, wealth inequality, environmental damage, and a loss of faith in corporations and free-market organizations in general.
Entrepreneurship is, without a doubt, a wonderful and vital vocation. It is not because it can lead to financial independence or untold wealth, but rather because entrepreneurship allows those with the confidence, drive, and ambition to express themselves, empower themselves, and be self-sufficient. The benefits of self-actualization outweigh any financial or status gain that one may be fortunate enough to earn over time. Empowerment is a form of leadership that manifests itself through entrepreneurship. When a conceptual notion, idea, or innovation is turned into an enterprise, the businessman accepts the leadership role. Therefore being empowered to develop an entity made up of people who will carry out their mission and vision, not thoughts. Rather than becoming a collaborator in somebody else’s pursuit for prosperity, the entrepreneur gains authority over their own.
In the unraveling of creation, entrepreneurs have a unique and crucial role. They not only produce goods and services and continuously enhance them via innovation and the use of scientific and technological means, but they also assist in the formation of institutions that will continue this job in the future (“The Vocation of the Business Leader: A Reflection,” 2018). Entrepreneurship, on the other hand, is important for reasons other than the economic implications associated with it. The intense competition becomes fiercer with each business venture, driving entrepreneurs to be more entrepreneurial, productive, and sensitive to customer requirements. Due to the desire of a large number of risk-taking entrepreneurs, everyone profits. Naughton’s comment that is an indication of how profit is a crucial component in the success of any business. For a business to continue developing its products and offering its services, there must be a profit to facilitate those activities.
References
The vocation of the business leader: A Reflection. (2018). Web.
New International Version, (2021). NIV Online. Web.