This is the first article published.
Original submission:
The time is ripe for South African entrepreneurs to be encouraged, recognised and feted for the critical role they will have to play in growing their national economy.
Entrepreneurs the world over are positioned to become the leading economic powerhouses in their respective nations, if they are not already there.
The signs are clearly emerging that entrepreneurs are rapidly taking the initiative to drive their local, regional and national economies.
When the world leader in entrepreneurial competitiveness - the U.S. - begins to seriously look over its shoulder to see who is rapidly catching up, then the rest of the world had better take notice.
In a new Feb. 2007 report, Where America Stands: Entrepreneurship - prepared by the Council Of Competitiveness - http://www.compete.org/ - entrepreneurship is seen to drive job creation, productivity growth and innovation underpinning U.S. global competiveness. Here’s how:
· Job Creation – Entrepreneurs create most of the new jobs in the U.S.
· Productivity Growth – Entrepreneurs underpin high-growth rate U.S. companies.
· Innovation – Entrepreneurs stimulate new ideas and technologies.
The report finds that entrepreneurship is a critical driver of regional economic growth: ‘A recent study for the Small Business Administration found that the most entrepreneurial regions in the United States had 125 percent more employment growth, 58 percent more wage growth and 109 percent higher productivity than the least entrepreneurial regions.’
So why is the U.S. concerned about their global entrepreneurial competiveness?
The report reveals the U.S. concern for how the rest of the world – China, India, the European Union – are encouraging more and more people to become entrepreneurs to underpin their economies.
‘Small and medium-sized enterprises (SME’s) are responsible for threequarters of EU employment,’ claims the report.
The reports bottom line? It warns the U.S. that their entrepreneurial leadership status is being threatened, which threatens their global economic competiveness.
It concludes: ‘The United States will need to work to maintain its leadership position – focused on strengthening the fertile environment for innovation, sustaining strong public support for productive risk-taking and entrepreneurship, and reigning in the costs of regulation and health care.’
Likewise, South African entrepreneurs and national leadership are urged to take note and proudly raise their entrepreneurial game to drive local job creation and productivity growth.
Ends. (Word Count 370)
by Trevor Nel – Developer: INNER Circle Business Forum – www.innercircleforum.com - 011- 705-2790
Possible Headline Copy:
1. Entrepreneurs: Your Country Needs You
2. Entrepreneurs: New Drivers of Leading Economies
3. Entrepreneurs: The Route To Mass Job Creation in S.A.
Regards
Trevor Nel - 011 - 705-2790 - http://www.innercircleforum.com/
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