Establishing a business in the early world was not an easy feat and one who has had, had controlled over majority of the wealth and income. During those days, about 25% of occupations in the middle ages were out of agriculture, and entrepreneurs were mostly merchants and craftsmen. Craftsmen get trained as a trainee till they get a handhold in their craftsmanship and those with skills were able to make it as a entrepreneur. Merchants started travelling outside and built major trading posts along major trade routes. And, from then the colonial expansion started, and the global companies were established.
It was during industrial revolution the credit system assisted budding business men to secure funds for risky new ventures. During this era there were some extraordinary achievements and advancements in technology, transportation, energy, communications, industrial productions, etc. Then came the 20th century, the age when advertisement and communication took a central focus. The new media then was Newspaper, Television and radio. These media were used to market and advertise the products to masses. Finally, now is our very own information age. The increase in usage of personal computers to hand devices is phenomenal. This is the age where we have witnessed internet, selling goods online, search engines and many such e-market space. The modern entrepreneurs go beyond product and services innovation to managing employees and establishing new companies.
But one thing remains common among all entrepreneurs. Check this infographic by Homestead to know what it is…