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Why Americans make the best entrepreneurs

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Betty Allen
I’m the Under 30 Editorial Community Lead at Restic Magazine. Previously, I directed marketing at a mobile app startup in New York. I’ve also worked at The New York Times and New York Observer. I attended the University of Pennsylvania where I studied English and creative writing.

America has always been seen as the shining land of opportunity, so it is no surprise that so many entrepreneurs and businesses come out from there. Moreover, America has also produced some of the richest and most successful entrepreneurs on the planet. America has many advantages in the business world, and as a result produces many success stories. Some of these include Jeff Bezos (the richest man in the world), Mark Zuckerberg, Elon Musk (who immigrated to the US for better opportunity) and Bill Gates.

Here are some reasons why America make the best entrepreneurs.

The business idea comes first

Americans believe that a business must have a great idea to succeed.

A business does not require the initial funding to start a business, just the great idea.

America is home to the venture capitalist, with numerous large firms in the country willing to fund businesses with good ideas. With such a high startup rate, it’s no wonder that there are so many businesses coming out of America with funding that turn into highly successful companies.

American culture

American culture has always had an obsession and admiration for those who look to start their own business and go their own path. Americans have a passion for risk-taking, and celebrate the underdog who goes his own way and starts something big. There are various cultures where failure is looked at as embarrassing and can lower your reputation, which is completely contrasted by the ‘try again’ attitude of Americans.

These reasons are why Americans make the best entrepreneurs, and why so many businesses come out of America and become highly successful globally. The ability to gain funding for a good business idea through the use of venture capital firms is a big advantage, and the culture of ‘never give up’ makes it all the more likely for businesses to come out of the states.

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