Midwifery Entrepreneurship

I. Entrepreneurship
According to Prof. Nathaniel Left, is the
capacity for innovation, investment, and
expansion in new markets, products,
techniques and services. This definition implies
that an enterprise is at work, whenever an
individual takes the risks and invest resources
to make something unique or something new,
designs anew way of making something that
already exists, or creates a new market.

Importance of
Entrepreneurship

Statistics in both rich and poor countries showed

that small enterprises are leading in the generation
of jobs and wealth. In fact, the small business sector
saved the United States economy from economic
stagnation or depression the 1960s and 1970s. In
the Philippines, most of our economic activities fall
under the micro and small business categories.
There are many retailers, vendors and small sole
proprietors. As long as they perform some risktaking ventures, innovations, and creative
undertaking, they are considered entrepreneurs.
Because of the proven importance of
entrepreneurship, subjects in entrepreneurship had
been included in the curriculum of high schools,
colleges and universities in many countries.