Week One - New Ventures

I think that the predominance of new ventures in the economy is in part a reflection of the mindset of Americans. As a culture Americans are risk takers, opportunity seekers, and like to be in control of their own success. Being an entrepreneur and starting new ventures is linked to all of these traits. New ventures in the economy are important in maintaining and increasing economic stability and growth. As our textbook states, over the past 10 years 600,000 new businesses were started up each year in the United States alone. For ever 300 adults in the U.S., one firm is created. I think this number is important because entrepreneurs are what drive our economy. The more entrepreneurs there are creating and expanding markets, more opportunities will be present to increase economic success. The new ventures also create jobs and opportunities to others, which as we all know is a huge problem in today's economy, and therefore would help sustain our communities.

In regards to new ventures, if I were to create one for the new economy I would create one that focuses on alternative energy sources and the education to the public about these sources. It would provide ways in which to run your home or business using the least amount of energy as possible. Not only is this a growing market, but the demand for these products will more than likely be increasing for many years to come.

~ Adrianne Siler