The entrepreneur is always a rare breed. The qualities and circumstances that drive
people towards entrepreneurship include need and calculated risk. Singapore, as a developed nation, suffers the
consequence of stability and long-term planning. There is little incentive for most
Singaporeans to move out of their comfort zone.
Since we cannot create entrepreneurs out of this need
to survive, we have to do it by inspiring the next generation to take
calculated risks in order to seek greater rewards. It cannot be solely financial, when a normal
job for an educated person pays well enough. So, it has to be about legacy and making a
positive contribution. Singapore was
built by entrepreneurs, and it is the legacy of generations of people who came
from many places to build something better.
In that sense, entrepreneurship has always been part
of our culture. It is not so evident
unless people know where to look. Singaporeans
sell things in seedy back lanes. Singaporeans sell things online in hopes for
profit. Singaporeans take all sorts of
risks to make a side income. That is all
entrepreneurship. If people think
entrepreneurship is solely the Western start up culture, we must reiterate that
the West does not have a monopoly on business practices.
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