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The Importance of Entrepreneurs 

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Reflections

The Importance of Entrepreneurs



Some say that successful entrepreneurs are born, not made. Others disagree, saying good entrepreneurship is a talent that can be learned and nurtured. The truth probably lies somewhere in the middle. The desire to create and grow a business – large or small – requires a combination of character, talent, vision, energy, timing, and a bit of luck.

What are some of the leading characteristics of a successful entrepreneur? Take Martha Stewart as a case in point. She started out small, with a catering business run out of her home. Later, she wrote and published a successful book on entertaining. Asked why the book succeeded, she observed that it was probably timing. Women were entering the work force in unprecedented numbers, but many also yearned to be great hostesses and home-makers. Martha guided the way and did it with skill, style, and high design. She had the right product at the right time – which translated into high demand on a mass market scale. But all that would have been worthless without Stewart’s own unique brand of commitment, high energy, and determination.

Tenacity, perseverance, and courage are other characteristics of the world’s most successful entrepreneurs. They need a high level of tolerance for risk. They have to believe in themselves, sometimes against great odds. And they have to be prepared to pick up the pieces and start over again if at first they don’t succeed.

Canada is a country rich in outstanding entrepreneurs, large and small. The economic value created for our country by this talented and energetic class of individuals is phenomenal. Economists agree that the Canadian economy relies heavily on a spirit of entrepreneurship, with a predominance of small- and medium-sized companies making up the bulk of our economy.

CGAs in public practice are a great example of Canadian entrepreneurship at its best. They have talent, determination, and skill. They practise their chosen profession to the highest international standards. They operate their own firms, large and small. And they serve other companies, providing much needed professional services to a great many of Canada’s successful small- and medium-sized enterprises.

Born or bred, entrepreneurship is alive and well in Canada today. And CGAs should be proud to know they are making a huge contribution to the ongoing success of that wonderful energetic spirit, which is so important to our economic wellbeing and our future.

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