Question

Answer the question"Why every person cannot be an entrepreneur?"

Answer 1

As a life-long entrepreneur (I founded 5 companies and never worked for anyone else for my entire 25 year career) I have often asked myself exactly this question. This is also motivated by the fact that I also don't particularly enjoy having employees - I had over a hundred at my first company and it became a huge responsibility and headache, from meeting salaries every month to keeping everyone motivated and incentivised toward the same goal. Sure, I like to work with talented people, but could this be done in a different way?

Having your own company is incredibly liberating. I always tell people that you get to be your own dictator, boss or head honcho - pick your titles and all that. Of course, your real boss is the customer, but it sure feels good to be the top dog even if there are nobody underneath you! A limited company is also a good protection, since you can only loose what you have put into that company.

Based on this, I was thinking about a societal system where everyone gets their own limited company automatically at birth. Nobody is an employee, but you can still work together in larger groups using vendor/customer relationships (or even joint ventures) instead of being an employee/employer. This would offer great flexibility for a number of reasons:
You can have more than one customer at a time.
You could use a host of different business models - time based, revenue share and so on which would spread both risk and reward more evenly.
You also get to write off a lot of costs that is impossible as an employee, including development costs for new products and services, so this system would likely encourage innovation.
Such a system would be much more customer oriented than today.

I have not spent a huge amount of thought on it beyond this, but I doubt it would be any more risky than being an employee. People get laid off in droves all the time (unless you work for the government, which is the ultimate safe haven for the risk averse).

Answer 2

While the idea of everyone becoming an entrepreneur may seem appealing at first, there are several reasons why it is not practically feasible for every person to become one:

1. Risk Tolerance: Entrepreneurship involves a significant amount of risk. Starting a business requires investing time, money, and effort with the possibility of failure. Not everyone is comfortable taking such risks, especially when their financial stability or personal well-being is at stake.

2. Financial Constraints: Starting a business often requires capital for initial investments, whether it's for product development, marketing, or operational costs. Not everyone has the financial means to fund a business venture or access to sources of funding.

3. Skillset and Knowledge: Successful entrepreneurship demands a diverse skill set, including business acumen, leadership, marketing, finance, and problem-solving abilities. Not everyone possesses all these skills, and acquiring them may take significant time and effort.

4. Passion and Motivation: Entrepreneurs are usually driven by a deep passion for their business idea or a strong motivation to solve a problem. Not everyone has a burning desire to create something new or tackle challenges in the business world.

5. Work-Life Balance: Entrepreneurship often requires long hours and a willingness to sacrifice personal time and work-life balance, especially in the early stages of a business. Many people prioritize other aspects of their lives and may not be willing to make such sacrifices.

6. Market Demand: Not all business ideas are viable, and not all markets are receptive to new products or services. Entrepreneurial ventures need to address a genuine need or demand in the market, and not every individual idea may fit this criterion.

7. Stress and Pressure: Running a business can be highly stressful, and some people may not be equipped to handle the pressure that comes with the uncertainty, responsibility, and decision-making that entrepreneurship entails.

8. Lifestyle Preferences: Some individuals may prefer the stability and routine of traditional employment rather than the unpredictable nature of entrepreneurship.

9. External Factors: Economic conditions, government regulations, and market competition can significantly impact the success of a business. These external factors are beyond an individual's control and can pose challenges for aspiring entrepreneurs.

10. Personal Circumstances: Family commitments, health issues, and other personal circumstances can hinder someone from pursuing an entrepreneurial path.

In conclusion, while entrepreneurship can be rewarding and transformative for those suited for it, not everyone has the necessary combination of skills, resources, mindset, and circumstances to become a successful entrepreneur. Embracing diverse career paths and roles in society is essential for a balanced and thriving economy.