What is entrepreneurship?


The entrepreneurship spirit, also known as the spirit of entrepreneurship, is a term that has appeared in the world for a long time. According to researchers, the true entrepreneurial spirit must be people whose ambition to overcome fate, take risks with the spirit of innovation and creativity; at the same time, bravely endure serious physical and mental disasters when doing business at a loss.


American economist Peter F. Drucker argues that “entrepreneurship spirit is understood as the act of entrepreneurship – the person who transforms sensitive feelings about business, finance and innovation into economical commodity products. The results of these actions are to create new organizations or contribute to the re-creation of “old” ones. The most obvious form of entrepreneurship spirit is starting to build new businesses (***). In general, it can be said that the entrepreneurial spirit is a spirit of continuous innovation, creativity.

In recent years, another very “hot” startup concept has emerged, which is Startup. Initially, the term Startup was often used with a narrow meaning to refer to startups or information technology startups. This is a newly developed industry closely associated with innovation and creativity. Over time this concept has “flattened” gradually and now the term Startup is commonly used for startup activities in all sectors and industries. And another very new concept is startup nation. The startup country is understood as the entrepreneurial spirit of a country that is always in the startup stage itself, where there are many startups and entrepreneurs like Israel, Singapore or the United States …

The core elements of entrepreneurship are: innovative ideas – creativity; risk-taking attitude; and the ability to seize business opportunities. Researchers have pointed out some characteristics of entrepreneurship, including: (i) have ambitions and aspirations to do business; (ii) Developing innovative ideas and innovative problem solving methods; (iii) Persistence and daring to accept risks and failures; (iv) Ability to create business opportunities and (v) Always show social responsibility. From there, it can be seen that the main motive of entrepreneurs is first of all to assert themselves and contribute to the society, and the motive for money, because wealth is secondary.

A small example to clarify this point. When a person opens a shop selling Pho, it is natural to take certain risks. Everything he did, the other had done so many times before. Here he opens up stores for a living, not creating a new consumer demand or a new way of satisfaction. As such, he cannot be considered an entrepreneur, even though he has started a venture business.

There is another very beautiful story that happened nearly a century ago in Paris, told in the literature. In the middle of the cold winter, a beggar lay prostrate at a subway station with a sign on his back “I’m hungry, please feed me”. Passersby were very crowded but few stopped giving him a few cents. Unable to bear the gnawing hunger in the cold and refused to give up, the next day the beggar replaced another sign, “I wish Paris would not have winter.” Effective immediately, the message delivered as if to find the sympathy of many people are also huddled in the snow: “I dressed like this and still frozen, the other guy could not stand it”. So he had enough change to buy bread through the cold days. The little-known beggar later became a millionaire and was considered the “ancestor” of the marketing profession when he invented a marketing tactic that hits customer psychology. In this case, the beggar can be seen as an entrepreneur. At that moment he had an innovative idea that was considered a startup idea, and later became a brilliant marketing invention that helped his company to succeed in marketing.

Startup activities at Da Nang Business Incubator always attract a lot of students to participate.

Start-up country

It can be said that the country with the strongest entrepreneurial spirit in the world over the past few decades is Israel. They have drawn out three direct causes of successful startups: having the right government policy; civic dynamics; and the contribution of the military environment. The most fundamental determinant of the entrepreneurial spirit of Israel is education, which is the process of building the “basic gene” for entrepreneurship in every citizen. Israelis believe that the will to start a business, to innovate will be formed from the infancy stage. Therefore, children are encouraged to live with nature, develop curiosity, learn everything in nature. In kindergarten, children are used to making friends and making relationships. In childhood, learn to live independently, take responsibility for what you want to do and learn to take risks and failures. As a teenager, building teamwork, friends; Learn how to act quickly, make bold decisions to take over your goals, and be ready to face difficulties and dangers. By the age of 17-18, is knowledge and practice of the mission for the survival of the country and the people through the military environment.

“Entrepreneurial genes” were created very early and gradually raised in a social cradle that is friendly to startups. In fact, in Israel (and developed countries), many people, though not billionaires, are still willing to give money to support startups, as a contribution to economic development, to their own future. Society is always available a team of enthusiastic experts, wholeheartedly helping start a business. The government has the right policies to support startups: invest, accompany, create a cohesive environment and have startup incentive programs in schools, in social institutions. Large and well-established enterprises are always looking for ways to connect, encourage and use the services of startups. All these factors have created a strong entrepreneurial spirit in this “startup country”.

According to The Economist newspaper, Singapore is one of the three promised land of entrepreneurship in the world today (the other two countries are Israel and Denmark). Previously, Singapore Prime Minister Lee Kuan Yew early recognized the entrepreneurial spirit as the driving force for new social development and called on the whole country to develop the spirit of entrepreneurship, but then Singapore failed in this campaign because Singaporeans at that time did not really have the culture of “failure” like Israelis. Recently, however, the entrepreneurial spirit in Singapore has been strongly aroused thanks to pro-government policies. Schools in Singapore teach entrepreneurship, and universities promote the integration of entrepreneurship training with the business community. Through the media, the government encourages people who are accustomed to passive thinking to become more active, helping to change the conservative culture in Singapore. By 2008, Singapore had a venture capital fund set up by the government, investing heavily in important start-ups such as digital media, biotechnology, water purification and purification technology … The government has actively stimulated the entrepreneurial spirit of the young generation on the basis of education and the legal system supporting entrepreneurship.

When it comes to America, we often think of powerful corporations, hundreds of billionaires, outstanding scientists, Nobel Prize-winning scientists, occupying most of the most modern technology in the world … Yes There are many factors that make it possible, but the decisive factor is the entrepreneurial spirit of the American people. To maintain its leading position in the world economy, the United States must use “entrepreneurship” as its main competitive advantage. Instead of attaching importance to lineages and traditions like many other countries, Americans value successful entrepreneurs, regardless of status, from any family.

America is the most dynamic society in innovation, they always have an urgent need to start a business to turn new inventions and inventions into commodities. With every successful entrepreneur in America, many have tried and failed, countless people fail many times to succeed, and successful people continue to innovate and start new companies. We have a very typical example of entrepreneurship spirit, willing to take risks to succeed in the US presidential campaign of billionaire Donald Trump. A 70-year-old businessman who is willing to make a trade-off to become a politician without experience in political, military, or diplomatic leadership has triumphed over the fierce politician Hillary Clinton with campaign slogan “Make America Great Again” …

The way to start a business in Vietnam

Here comes a question. Either way, Israel is a small country, only 8 million people, more than two-thirds are deserts, hills, 95% of the country is considered arid and cannot be cultivated, fresh water is also lacking in sediment. Respectfully, having no natural resources, being surrounded by neighboring religious enemies of 350 million people … but creating miracles: the collective farm full of flowers in the arid desert, giving birth to many owners awarded Nobel Prizes, distinguished scientist, engineer, talented businessman; control key areas of the world? It is worth thinking that Vietnam’s population is 11 times larger than Israel, the area is 12 times larger, but GDP per capita is 22 times lower than them! And the same question with Singapore “small”, the area is only two-thirds of the area of ​​Danang city!

The experience of the start-up nations shows that entrepreneurship is strongly stimulated in societies where they have advanced education with elite universities, with a thriving economy. with a strong business community, and appropriate government support in creating a dynamic startup ecosystem.

In our country, the education system has not focused on provoking the entrepreneurial spirit for the young generation.

High school graduates, even many students, after graduating from university, still do not have the full idea of setting up a career and starting a business. The education – training program at all levels is only heavily equipped with the knowledge and skills to become employees rather than masters. A vivid example is that a few years ago, the press reported that a 12-year specialized class in Ha Tinh had 45 students, all of them wanted to become government officials after university! A story that seems simple but makes us think.

Meanwhile, entrepreneurship spirit is mostly derived from people who are rolling around with practice and have little learning opportunities. The reality is that many successful startups often have low education, while those with higher education and professional qualifications tend to go to work or to work as hired labor. Is this a particular paradox in our society? Does that feature create a great barrier to the formation of the entrepreneurial spirit in the modern life of the country?

Currently, the startup environment in Vietnam has a lot of potential to spark a strong entrepreneurial spirit: in (at the end) of the golden population period, the economy is developing, more than half a million businesses, hundreds of universities, colleges and research centers are active. The problem is that the government needs radical solutions on the following aspects:

First of all, the state must really see the private economy as the driving force for social development in terms of the state. Quickly and resolutely institutional reform towards a sharp reduction in administrative procedures, elimination of corporate harassment from public agencies, creating all the most favorable conditions for the start-up process, the production process. The business community’s business is smooth and efficient.

Early form a system of consistent and feasible policies and laws from the government and local authorities to create a favorable environment to support startups and private enterprise development. Currently, these policies and models are still general, mainly calling for and exhorting more. According to data published in 2016, the average number of newly established companies is about 100,000, but about 50,000 have stopped operating.

Early building entrepreneurship spirit for young people from when sitting in school. Lessons from developed countries around the world show that human self-control must be forged in the education system from an early age. The reform of the education system from high school to university must be in the direction of associating theory with practical activities, highlighting the spirit of ownership, promoting entrepreneurship culture so that the youth will form the will to master in establishment, establish a career.

I firmly believe that once the spirit of entrepreneurship and entrepreneurship culture flourishes among the population classes, especially among young people, it will truly become the most powerful driving force, primarily promoting development, economy, social development, making the country go up.

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