The evolution of an entrepreneur

[THE EVOLUTION OF AN ENTREPRENEUR]

The evolution of an entrepreneur goes through 3 stages

  • Stage 1: Trade During the Renaissance

– 15% are an emerging merchant class.

– In the Middle Ages, only around 25% of people worked outside agriculture, in occupations such as trade and crafts…

– The development of trade, together with an increase in products, led to the expansion of exchanges of goods between countries.

  • Stage 2: Colonial Expansion

– Advances in shipbuilding led to increased international trade.

– Global companies emerged for the first time.

– Transport more than 2.5 million tons of goods.

– Merchants established trading locations along major trade routes.

– American farmers and plantation owners became wealthy growing industrial crops: tobacco and sugar cane.

entrepreneur-evolution copy
The evolution of an entrepreneur

  • Stage 3: Industrial Revolution

– Most entrepreneurs invent something with the aim of:

  • Increase Productivity and Diversify Production.
  • Large-scale production helps reduce costs.

– The 19th century was the century of commerce and industry.

– The first use of expanded credit systems helped entrepreneurs remain secure while investing in large, risky business ventures.

– Achieve major advances in technology, transportation, energy, communications, and industrialization.

Chương trình liên quan tại YUP Education: The Journey – lộ trình phát triển doanh nhân