What is Risk Taking and Innovation?
Entrepreneurship is the combination of risk taking and innovation. What is risk taking and innovation and why Pakistan is behind? Risk taking is having no control of some thing of value. This can be finances, human beings, relationships, and more. Innovation is a new idea or creation of any thing that humans can use easily. At current moment, several technologies are Internet dependent. Pakistan is behind because Internet penetration was not high and Internet technologies are being enabled in Pakistan. Technology is changing every nano-second. It will take few years to educate our youth on Internet technologies. Pakistan lags in entrepreneurship and startups. The main drawback of our failure is the inconsistency of government policies and corruption. Every government changes policies every five elected years. This impacts business. Furthermore, the policies of government are biased as they are towards foreign aid and higher ups. Government should promote the entrepreneurs.