Entrepreneurship in the United States: Analysis of Key Factors

This report delves into the multifaceted realm of entrepreneurship within the United States, meticulously examining the defining characteristics and pivotal roles of entrepreneurs in the American business landscape. It explores the significant contributions of entrepreneurs to the US economy, encompassing aspects such as economic growth, job creation, and the elevation of living standards. Furthermore, the report evaluates the strategies and initiatives that have fostered entrepreneurial development in the US, highlighting the impact of government policies and a culture that encourages innovation. The report references Mark Zuckerberg and Larry Page as real-world examples of successful entrepreneurs who have significantly contributed to the economic growth and development of the United States. In essence, the report provides a comprehensive analysis of the key factors that have propelled the US to the forefront of entrepreneurial innovation and success.

ENTREPRENEURSHIP IN
BUSINESS

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TABLE OF CONTENT
INTRODUCTION......................................................................................................................4
MAIN BODY ............................................................................................................................4
Characteristics and role of Entrepreneurs in United States:..............................................................4
Evaluation of Entrepreneurs contribution to United States .............................................................6
3. Evaluation of the way United States have contributed in entrepreneurial development..............8
Two real examples of well known entrepreneurs ...........................................................................10
CONCLUSION .......................................................................................................................11
REFERENCES.........................................................................................................................13

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·INTRODUCTION
Entrepreneurship is process of developing new business idea or designing steps,
activities in order to run a new business by incorporating some amount of financial risk for
its smooth operation in competitive market. Entrepreneurs are individuals that have special
characteristics such as they are self motivated, have ability to take higher risk, have an
innovative idea and passionate to undertake set of activities and action so that desired goals
can be achieved. There are number of entrepreneurs in UK as most of the people like to have
their own business in order to earn better living. Successful entrepreneurs always stay
positive in both good and bad times, have higher confidences in its business idea and it is
first individual that take steps to start and run business. It is solely responsible for taking all
crucial decision of organisation so that it can attained competitive advantages and enjoy
higher profit margin. Entrepreneurs play crucial roles in growth and success of economy by
brining new ideas, innovation to fulfil needs and wants of customers (Hardy and Maguire,
2017). Thus, in short and simple way, it can be said that it is an individual’s that integrates
labour, capital and other necessary resources with an main motive to enjoy higher profit
margin This report is based on topic entrepreneurship thus discuss key points such as the
characteristics and role of entrepreneurs in United states. The way they have contributed in
growth and development of social economy of United States. At last, the report has included
information related to the way United States have lead in development of entrepreneurial.
Mark Zuckerburg and Larry Page are two successful entrepreneur of United states of
Facebook and Google respectively. So, report have chosen these two real examples of
entrepreneurs that have helped in economic growth and development of United States
·MAIN BODY
l壱Characteristics and role of Entrepreneurs in United States:
The role of Entrepreneurs is one of the most widely growing in United states where
there are various fundamental roles, characteristics which have contributed in forming
effective working vision within businesses to run with competitive excellence and evocative
excellence. Mark Zukerberg , the CEO of Face book is one of the most globally known
entrepreneur whose vision and new working diversity within skills have helped to work on

larger effective parameters to attain higher performance horizons and also for excelling
within wider domains. The characteristics of United States Mark Zukerberg can be
understood as one of the widest and also for gaining new functional scenarios, which are in
detailed understood as follows (Olanrewaju, Hossain, and Mercieca, 2020).
·Vision focused: Mark Zukerberg is globally known for his focused vision within
larger working potentialities and new diverse thinking scenarios of varied skills and
expertise into various innovations brought within successful setting up of Facebook.
It can be also understood that by vision focused it can be analysed that CEO leader
is known for best effective decisions taken for company futuristic performance
scenarios and also for generating evocative diversity within wide platforms. The
vision formulated on varied aspects have analysed to the fact that there is wide rise on
new working avenues, diverse vision focused on changing global paradigms through
which entrepreneur has been able to pertain focus on cultivating diversity on various
grounds widely. Mark Zukerberg example, the CEO of Facebook is also highly
prominent within working performance goals where vision to form larger efficacy on
operations have made him highly acknowledged to be active on varied expertise
domains. There is profound excellence in his working vision where his inspiration to
work on various expertise arenas have made him one of the best global entrepreneur
(Morozova., Popkova and Litvinova, 2019).
·Characteristics and potential traits:
·Internal locus of control, high tolerance for uncertainty and complexity , risk taker and
having dynamic growth paradigms impacting success horizons enable business to develop
new competitive domains of functional growth diversity within larger scale parameters.·Charismatic in personality: The CEO of Facebook, Mark Zukerberg is one of the
most charismatic leader and widely globally known for working with high evocative
charismatic decisions where his personality has been inspiring millions. He has been
active on taking various informative decisions and new functional innovation where
he is also potentially focusing on larger goals forming wider determinants. The CEO
has been actively moving ahead with new working operational aspects, by yielding
larger goals potentially and also largely being the creative head on varied domains.
The leader has been also motivating employees within company, to leverage goals

and advanced focus on divergence functional paradigms where new working
innovation has been highly motivating people globally.
·Innovative mindset: The CEO of Face book Mark Zukerberg is highly innovative to
take all working decisions pertaining on varied arenas and new functional innovation
where there are varied growth aspects worked on to represent larger goals.
Innovative mindset of CEO is also highly known to be globally acknowledged as best
skill within working scenarios where he has taken various active new decisions for
larger revenue goodwill enhancement into new arenas (Lounsbury and Grodal,
2019). He holds expertise to work on various domains and expertise to functionally
enhance working efficiency for keeping up with competitive innovation and also to
develop larger vision. The Innovative mindset has been actively focusing to largely
grow Facebook as the best social platform where people can widely interact with each
other and also there is wide focus on new scenarios for active communication. This
can be understood as larger working goal and innovation working parameter where
his working potentialities are widely focused on keeping all employees motivated
where Facebook operates large innovation within wide platforms. It could be also
understood that analysis helps us to analyse that there is new demand for active
growth within global social platforms where high quality performance parameters
have been developing high steps.
These factors have in detailed explained and brought light on focus of
entrepreneur’s skills and role within bringing high diverse innovation, larger
efficiency within vision and for gaining new enhanced active reach. Mark Zukerberg
is globally known for his best working efficiency as leader of world’s biggest social
app and platform, Facebook where he has been strongly active to work beyond varied
working parameters.
Role of entrepreneurs:
The role of entrepreneurs is based on creation best job opportunities, innovation efficacy
within working parameters, and also functional domains of dynamic strength which
enhances competitive effective stability scope. Role of entrepreneurs in competitive industry
has been analysed to be fundamentally strong for bringing on diverse role for generating
stringent growth among commercial targets which develop goodwill horizons widely.

Contribution of entrepreneurship to economy can be analysed as GDP growth, Job creation
and Poverty reduction within working avenues for developed work growth efficacy strongly
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l壱Evaluation of Entrepreneurs contribution to United States
The Entrepreneurs contribution to United States is widely known for being the
highest in world and also it has been proven with the fact that US excels in it because it is
strong in so many years within diverse arenas. Entrepreneurship plays high crucial role in
US economy and resulted in policy initiatives where they are encouraged for larger diversity
and new innovative growth goals. This has coupled with culture of determination and
motivation parameters, which makes US great place to be a land of growing entrepreneurs.
Below are the various factors which have been contributed by entrepreneurs to US economy
for overall working enhancement and new potential development within economy goals,
which are as follows: (Kraus, Palmer and Spitzer, 2019).·High standards of living: The entrepreneurship has given high rise to best standards
of living within various aspects where various new working scenarios with high goals
working operations and people work with large diversity standards. Various new
businesses have emerged within country in latest decades where varied new quest
operational growth has also been competitively worked on, where standards of living
have been widely evolved. With high growth in overall economy there is wide growth
among people to leverage focus on varied avenues such as technical efficiency and
new competent machinery standards for gaining larger profits. Drive towards
innovation has actively build up new domains for stronger vision and new rational
creative horizons where US ha best living standards for people, and is also widely
heading towards new functional growth scenarios (Horst and Murschetz,, 2019).·Wealth with entrepreneurship ventures: The wealth of US economy is highest in
world where wealth within entrepreneurship businesses highly growing on varied
domains with best technology operations and also productive diverse parameters of
innovation. The US is richest country and most advanced, with worlds most numbers
of innovators and entrepreneurs working in all industries. Thus it can be also actively
understood as one of the high growth factor where varied new potentialities have
strongly worked on, where enhanced new domains expertise has actively worked on.

Mark Zukergberg, CEO of Facebook is one o the most diversely competent leader
who has created strong working hemisphere within world by enhanced working skills
and diverse networking on varied areas. The company has also been actively growing
with best innovation platforms for serving people with evocative networks of best
advanced services and competent new force of creativity, where he is globally known
for creating vast functional advancement. There are also new potentialities for
generating new detailed working innovation in varied new working horizons and also
for keeping growth worked on varied domains. There has also been varied new
efficiency goals which arise larger efficiency and stringent innovation which has
made US the most advanced growing country (Champenois, Lefebvr. and Ronteau,
2020).
·High increase in jobs opportunities: The high numbers of successful entrepreneurs
in US has given strong rise to various job opportunities to large number of people
working on various platforms, where various aspects and talents have worked on. It
can be also understood that high rise in job opportunities has given strong rise to
living economy’s growth and new synergy on work capabilities among people where
there are various paradigms explored. This has potentially also given strong kick to
new horizons dynamics and wide changes within living opportunities among
scenarios where large productive scenarios have been worked on. There is also new
working growth synergy explored where all age group people are able to explore new
functional opportunities and also an ever evolving dynamics worked on, where there
is determining growth of ideas and new regulatory efficacy.
These factors have in detail analysed US entrepreneurs contribution to US
economy and people working at various working scenarios where there is wide focus
on enhanced diversity, large active growth and new functional growth towards best
business goals in future. It can be understood that US has been widely growing in
latest 2 decades due to its kick towards entrepreneurs and larger driver towards
excellence which has made it one of the biggest place for entrepreneurs (Browder,
Aldrich and Bradley, 2019)
l壱3. Evaluation of the way United States have contributed in entrepreneurial development
According to 2014, global entrepreneurship and development index, USA is one of
the most growing and developing economy or number of entrepreneurs. The index and data

show that US state first in encouraging new entrepreneurial ventures in economy by
undertaking several activities, providing support and finance to business so that they can
smoothly run. There are numerous steps taken by government to finance capital to different
types of businesses such as high growth, start-up or early stage so that they can easily grow
and expand in minimum time.
Another point that lead to entrepreneurial development is that US was always excel or strong
in many areas which means it have infrastructure, facilities and capital that contribute in
growth of number of business in US. It is also world leaders in female entrepreneurship as
government in order to promote more and more female to be independent and have their own
business have formulated flexible and easily policies (The United States of Entrepreneurs,
2020). One of the policies that have be made by US government to promote women to take
decision to start and operate their own business in order to earn profit is “ Women
Entrepreneurship in Americas policy in 2012”. Thus, it has helped in more partnership
between private and public forms, contribute in eradication of several barriers and easy
access to finance, networks and training by number of women. US have provided
individuals type of culture, motivation that influence them to start their own business in order
to live luxury or their dream life.
UK also stand strong in terms of human resources as number of individuals living in
US are highly talented, knowledgeable and experienced. So unlike other countries, US
brightest students selected to pursue their career in starting their own business so that they
have independent and luxury lifestyles. On the other hand, in many other countries, highly
educated and talented students prefer getting job in safe and reputable organisation. So, this
knowledge gap between countries has leads more development and expansion of
entrepreneurship in US as compared to other countries across world (United States top in the
world for entrepreneurship, 2020). Therefore, brightest students are provides such type of
environment, culture and nature or values that encourage them to become successful
entrepreneur in their future career. People of US are highly innovative, creative and like to
accept challenges in their life thus they are total different from people of rest of world. Most
of the individuals have strong vision, determination and desire to find new method to
perform particular task thus such value motivates and encourage several individuals to take
steps to become successful entrepreneurs (Burton, Sørensen and Dobrev, 2016).

American have created 550000 small business between 1996 and 2004 every month
that have rapidly grow and expanded or become multi million dollars companies such as
Facebook and Google. Entrepreneurism is deeply rooted in history of US that have
contributed more and more people or innovators to find new idea, undertake particular
amount of risk to operate and expand business. In school of US, children are taught stories of
inventors named as Thomas Edison and Benjamin Franklin and millions of business books
have been sold. There are various structural development that have also lead in growth of
entrepreneurship across United States such it is world first mature venture capital industry.
At the same time, there is close relationship between universities and business that promote
more entrepreneurship development in country as professors teach students the way they can
run and operates business. Immigrate policies have also helped in development of
entrepreneurship as 52% of Silicon Valley were founded started by immigrants. Thus, in this
way science and technology started developing in US and more and more business expand
their business operation to earn higher profit margin (Halvarsson, Korpi, and Wennberg,
2018). At last another factor that has lead in development of entrepreneurship development
in United State is venturesome consumers that mean people are more interested to try new
products and services. Thus, number of people find is best career opportunity to earn good
income and fulfil their respective dream by delivering qualitative products and services that
are beyond expectancy of customers.
l壱Two real examples of well known entrepreneurs
Two real examples of well known entrepreneurs are Mark Zuckerberg and Larry
Page that are successfully running two most popular or strong brand enterprises i.e, Facebook
and Google.
It can be critically stated that Mark Zuckerberg is self made multibillionaire having
new worth over $73 billion and monthly 2.38 billion of Facebook users. It has contributed
great to growth and development of United States economy by generating employment
opportunities for number of individuals. Facebook have contributed in growth of GDP of
country thus making US more developed and powerful than other countries. Mark
Zuckerberg has also contributed in better interconnection of world or peoples that living
away from each other’s by providing them platform such as Facebook to share information.
Innovative idea has helped business to easily share promote or share their information with
wide range of customers that are living in different parts of country (Levine and Rubinstein,

2018). It is also critically understand from above discussion that Mark Zuckerberg is strong
personality that have capability to take huge risk which have motivate to bring new idea or
new application for meeting unsatisfied needs of customers.
He is successful entrepreneurs that have started Facebook as small business which
have grown into multinational company thus serving huge number of individuals living in
society. It has found innovative ideas or new way to satisfy customer want that have
contributed in growth and expansion of enterprise within limited time frame (Umrani, Kura
and Ahmed, 2018). So, overall it can be stated that Mark Zuckerberg have enhanced living
standard of people by increasing their knowledge, offering them employment opportunities.
Mark Zukerberg is also globally known to work with evocative new functional advancement,
larger vision to be formulated on and also larger diversity standards to be communicating
higher working focus. There is also varied shift in gaining stronger vision and larger evoking
ethics and principles of management where varied new technical expertise have made him
one of the highest visionary leader. He has inspired millions globally and also profoundly
working with high focus towards diversity standards and larger new innovation standards and
also for leveraging smarter operational aspects. Facebook is biggest social platform where
people can not only easi.ly communicate with each other and leader performance and skills
have made it one of the highly grown digital platform.
Larry page, CEO of Google:
The CEO of google, Larry Page is one of the most dynamic and globally
acknowledges being one of the best visionary and highly charismatic leader whose working
operations at Google have made company to be best successful brand. Larry page empowers
team and manages functionally where there is wide focus under his management to empower
team and work on expressing various interests among team members success, well being
aspects (Anderson, Wennberg and McMullen, 2019). The leader is well productive, results
oriented and working with high communication paradigms where teams are working with
best diversity of thoughts and new functional synergy of ideas. He is productive towards
various decisions taken for company where leadership styles of him have been widely
communicating new governing aspects of larger efficiency and new active growth towards
larger profits in business. He is also good communicator where he leads employees with
active communication and also works as results oriented parameters where targets have been
widely focused on. Larry page, as CEO of Google has been widely functional smart to make

all informative decisions, within business where varied platforms of great efficacy and new
synergy are widely focused on. It can be also potentially analysed that there is wide
functional innovation within his working potentialities. It could be also understood that he
also has dynamic working standards which has made him one of the most successful person
in global industry. There is also active evolving synergy worked on within his
entrepreneurship skills for gaining larger new productive scenarios and also for continuous
innovation within wider domains (Azoulay, Jones and Miranda, 2020).
·CONCLUSION
By Summing up above discussion it has been summarized that businessman by taking
right decision and using their skills gain a lot of profit in term of increasing profitability
productivity sales and revenue. Entrepreneurs by playing their role in a company have
obtained competitive advantages which is quite beneficial for companies or economy.
Furthermore it has been identified that entrepreneurs by analyzing overall situation and using
appropriate approaches deal with any conflicts or challenge. Mark Zuckerberg has a global
leader by focusing on their innovative ideas and business environment generate a lot of
profit. He contributes in term of several things like providing job opportunities to local
people who could not be able to maintain their living standards. Furthermore it has been
concluded that US government contributed in development of entrepreneurial they encourage
new companies to set up business within a market place which in return gain consumer
attention and generate GDP. United Kingdom with strong work force setup businesses that
give tough competition to other companies. Organizations in a UK recruit highly talented and
skills people who can contribute in gaining competitive edge and support building strong
brand image in a market. By following and implementing right suggestions a businessman
like Mark effectively operated there business functions and lead business as a global leader
which is not possible for everyone. Furthermore, it has been analysed that characteristics and
traits of Mark Zuckerberg help him to drive their sales even better, and also permit him to
take right judgement. He is well known business man and with this personality he deeply
involved in risk taking.
With their decision and excellent skills he gets great success which is not possible for
anyone to do. Moreover, it has been identified that with clear vision he drive all workers
towards achieving set aims and objectives of business which is really very important for