Entrepreneurship has often been related only to profit, success and growth. But there is a benevolent side to it as well. The philanthropic side. Unlike common belief, entrepreneurship is not about a single dimension prospective. Its broader perception incorporates a humane view that has the potential to change and improve the lives of many, if not all.
An exceptional idea when gets converted into a venture, provides both the economy as well as the individual entities associated along, with monetary and social rewards. It creates employment, economic growth and not to mention the solution to the issue it’s trying to address in the first place.
But an important aspect that many often tend to ignore is the giving factor. Any organization or business when comes into existence, contributes not just to a community or a group of people, but to the society at large. Its contributions can be in the form of products or services it provides or manufactures. Creating job opportunities. Contributing towards the skill enhancement and educational efforts. Or providing basic healthcare and medical services.
All these contributions come under the domain of sustainable entrepreneurship which then creates an ecosystem that thrives on the inter-dependencies of the society. This kind of relationship is somehow a replica of the inner workings of our body. Similar to blood cells, an economy comprises of the efforts put forth by the people constituting it. If one cell stops working and others try to copy it, the entire body goes into a state of sickness. Similarly, if one venture goes under and its news creates mass hysteria, the entire economy gravitates towards a state of recession.
In today’s economic scenario where there is a general feeling of skepticism in the air, the need for new horizons has never been more evident. People looking for newer opportunities, jobs or stable carriers are finding it harder by the day to do so. Moreover, the job creators or organizations themselves are finding room to cut on their expenditure which has a direct impact on the employment scenario. With so much of going on, the overall picture tends to give a gloomy look and creates all sorts of hurdles in the path of an entrepreneur. However, the key to solving this dilemma lies in the perseverance and not-giving up factor. An organization or business that renders these aspects in its methodology has a better chance of thriving even under harsh economic circumstances. Based on the Karma philosophy, any sort of deed tends to render results irrespective of the outcome. In this case, it might be the entire economic turnaround.