Contribution Of Entrepreneurs And New Zealand Business...

Introduction The Investopedia defines the entrepreneur as a person who starts his own business by taking lot of risks. (Entrepreneur, 2014). Most of the large organisations around the world have been started by entrepreneurs. The contribution of entrepreneurs to a country’s business environment holds a high value. EY Entrepreneur of The Year Award s Director, Jon Hooper stated that â€Å"Successful entrepreneurs have an extraordinary passion, self-belief and that keeps them going when others might give up. Because of this, they are able to make a significant contribution to New Zealand’s economy and to the community by creating jobs, driving productivity, fuelling growth and inspiring others† (EY, 2014). Entrepreneurs are contributing in various ways to the business environment and some of them will be by providing employment, growing economy, innovating new technologies, creating market competitiveness and also by providing contributions to the society. Therefore, this essay is a critical evaluation of the contribution of entrepreneurs to the New Zealand business environment. Contribution to the New Zealand Employment According to the New Zealand treasury, nearly one out of 7 adults is an entrepreneur in New Zealand. Entrepreneurship always creates job opportunities for the educated qualified people as well as for the people who don’t have much education qualifications. Entrepreneurship is one of the factors to reduce unemployment rate in New Zealand. 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