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Discussion on: Economic and Social Revolution change to the Opportunity and Availability of Capital

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ShantaMilan

People have started to realize the potential for new venture and enterprise in contrast to the traditional method of holding jobs. The dynamic of holding a job mind-set has been shifting towards owning business in the young generation of late.

New venture is the single most force that overthrows social stigma of religion, colour, social class, national origin etc. animating people to pursue their dreams no matter how different it may seem and realise it or fail and try again. This venture rewards people having talent and innovation as it is opportunity cantered. (Spinelli, Jr. & Adams) Changes and effects of economic and social revolution is something that is inevitable and unstoppable. The only way to be prepared for it is by being able to adapt to the changes that this new wave of economic and social revolution will bring. The threshold of new ventures cannot be curbed as these days social and economic revolution has changed the face of business for ever. You do not require your father to be a businessman for you to venture into business. You do not require huge capital or assets to pursue your dreams. All you need to do is be innovative and have perseverance to face ups and downs that will challenge you all the way.

Another way to be prepared for such tidal change is to understand and see the changes happening around and adapting well to it. People’s perception is different to that of reality most of the time. People do what they perceive and these perceptions does not always make sense. With social and economic revolution, the social gap of higher and lower class will be reduced, there will be more people with purchasing capacity and thus have more demands and requirements than before. These are some ways you can stay prepared for the changes resulting from social and economic revolution.

References

Spinelli, Jr., S., & Adams, R. (n.d.). New Venture Creation . New York City: McGraw-Hill Irwin.