Question

John A. Shedd a famous American professor once said, “A ship in the harbor is safe, but that is
not what ships are built for.” Relate this quotation with entrepreneurship.

Answer 1

Entrepreneur is the one who take risk and earn profit. They are the strong pillars of the economy. They have to do something for the development of the economy. If entrepreneur is not taking any action it will really reflects the economy. Actually economy expects a lot from the entrepreneur, if they are not doing anything there won't be any risk but at the same time there is no profit also. Actually they have to do something which may give employment opportunity to others ,it may give quality good or service to others .So they are the core base of the economy. They have to involve in various economic activities to boost the economy. John A .Shedd word is quite applicable for entreprenure also because they are the one who take risk for profit . They are supposed to do it , that is their purpose .