Today is Entrepreneurs’ Day! A day set aside to raise awareness and support for entrepreneurship. It is the day where entrepreneurs in all forms are celebrated, their contributions to innovation, job creation and economic growth are highlighted and their entrepreneurship profile is promoted in such a way that the next generations of young entrepreneurs are empowered to consider entrepreneurship as a viable career option
The History of Entrepreneur Day
Entrepreneurs’ Day was conceived in 2010 by David Hauser and Siamak Taghaddos (co-founders of Grasshopper, the entrepreneur’s phone system) and Amir Tehrani (entrepreneur and co-founder of The Legacy Foundation). Following successful petitioning, President Obama declared the celebration of Entrepreneurs’ Day in 2012, as a way of showing gratitude and respect to the people who achieved success, sometimes against all odds, and were able to help a lot of people in the process. The holiday falls on the third Tuesday of November each year, coinciding with Global Entrepreneurship Week.
Mitra and Entrepreneurship
Entrepreneurship is particularly important to us here at Mitra Innovation, as we specialise in helping entrepreneurs accelerate their innovative business ideas into successful business ventures. We provide assistance through our Five step Mitra Way process and unique Start Up Kit program which help get new ideas off the ground in order to launch and grow businesses. We recognise that entrepreneurs drive the long term health of the economy, bring creativity into the marketplace, create companies with the potential to hire millions of people, bring new products and services to market and help to improve society and the environment through impact entrepreneurship. In a nutshell, the passion for “innovation” by entrepreneurs (e.g. Uber and Spotify) helps to accelerate growth across the globe. Thus our goal at Mitra has always been to encourage the entrepreneurial spirit by helping to launch as many successful products and ventures as possible.
In a 3 part blog series titled “How to Turn a Great Idea into a Succesful Business”, Mitra Innovation CEO Ashok Suppiah shared three important characteristics that we believe (based on our experience) can help entrepreneurs or start-ups succeed. These include commitment and team strength, the passion to innovate and early market validation. Although there is no science or formula that ensures the success of start-ups, we believe that mastery of these characteristics will certainly help those just getting started on their entrepreneurial journey.
We are very fortunate to live in a time where entrepreneurship is being fostered through the creation of a culture that is supportive of creativity and innovation. A report published by the The Marketing Agencies Association (MAA) found Dyson, Amazon, Google and Apple the most entrepreneurial of all blue-chip companies. The panel of experts voted on over 100 blue chip companies rating them in terms of the extent to which they foster an entrepreneurial culture and also how smaller, owner-operated businesses can learn from them. The next ten entrepreneurial companies included Nike, Facebook, Samsung, BMW, Twitter, Adidas, Jaguar Land Rover, John Lewis, Virgin Airways and AkzoNobel.
It has become clear that increased efforts must be made globally to advance entrepreneurship education and training, to promote start-up-friendly policies and programs, and to understand what new firms need.
Celebrating Entrepreneurs’ Day
Today, we encourage all entrepreneurs and supporters to spread awareness and support by harnessing partnerships with innovation centres, corporations, media, accelerators, schools, government and/or other key influencers, as well as thank mentors and give funding and advice about how to achieve success in business. Finally, we can all simply take a minute to appreciate the efforts of entrepreneurs by showing them thanks and respect for their achievements and even spreading awareness about Entrepreneurs’ Day across various social media platforms.