To be an entrepreneur means to be someone who takes on challenges. It is absolutely synonymous. It also means you are a problem solver. Knowing what is ahead is half the battle. With this, MyBiz magazine requested Opposition Leader Dorji Wangdi to share some importance on Entrepreneurs in the country.

In my opinion, entrepreneurship provides the best security in life, Opposition Leader Dorji Wangdi said, adding that an entrepreneur is an individual who takes an idea or product and creates a business, a process known as entrepreneurship.

𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬 𝐚𝐫𝐞 𝐡𝐢𝐠𝐡𝐥𝐲 𝐦𝐨𝐭𝐢𝐯𝐚𝐭𝐞𝐝 𝐫𝐢𝐬𝐤-𝐭𝐚𝐤𝐞𝐫𝐬 𝐭𝐡𝐚𝐭 𝐡𝐚𝐯𝐞 𝐚 𝐯𝐢𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐬𝐚𝐜𝐫𝐢𝐟𝐢𝐜𝐞 𝐚 𝐥𝐨𝐭 𝐭𝐨 𝐚𝐜𝐡𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐯𝐢𝐬𝐢𝐨𝐧. “𝐂𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐚 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐬 𝐚 𝐥𝐨𝐭 𝐨𝐟 𝐰𝐨𝐫𝐤 𝐚𝐧𝐝 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐰𝐡𝐢𝐜𝐡 𝐧𝐨𝐭 𝐞𝐯𝐞𝐫𝐲𝐨𝐧𝐞 𝐢𝐬 𝐜𝐮𝐭 𝐨𝐮𝐭 𝐟𝐨𝐫,” 𝐡𝐞 𝐬𝐚𝐢𝐝.

Opposition Leader Dorji Wangdi shared that entrepreneurs enter the market because they love what they do, believe their products will have a positive impact, and hope to make profits from their efforts. “The steps entrepreneurs take to fuel the economy; they create businesses that employ people and make products and services that consumers or Bhutanese buy.

𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐡𝐞 𝐬𝐚𝐢𝐝 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮𝐧𝐠 𝐞𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬 𝐚𝐫𝐞 𝐟𝐚𝐜𝐢𝐧𝐠 𝐚 𝐠𝐚𝐦𝐮𝐭 𝐨𝐟 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐥𝐢𝐤𝐞 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐢𝐧𝐠 𝐭𝐡𝐞𝐦𝐬𝐞𝐥𝐯𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭.

Lack of skilled manpower, absence of a solid team, smaller amount of production, and varied market forces are some of the challenges that startups are grappling with in the country.

Such entrepreneurial ventures target high returns with an equally high level of uncertainty. He added that the entrepreneur is willing to risk their financial security and career, spending time as well as capital on an uncertain venture, raw materials, and skilled employees.

“𝐒𝐨, 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬𝐡𝐢𝐩 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐭𝐡𝐞 𝐛𝐞𝐬𝐭 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐢𝐧 𝐥𝐢𝐟𝐞,” 𝐡𝐞 𝐬𝐚𝐢𝐝.