WHAT IS ENTREPRENEURSHIP?

This word sounds a bit dfifficult to pronounce but it is quite relevant nowadays READ THIS ARTICLE AND COMMENT IN CLASS https://www.shopify.com/blog/why-is-entrepreneurship-important?term=&adid=775765067439&campaignid=19685764045&utm_medium=cpc&utm_source=google&gad_source=1&gad_campaignid=19685764045&gbraid=0AAAAADiv1InaToIHDQmCffZrJ5Yjc7GQC&gclid=CjwKCAjwmNLHBhA4EiwA3ts3mSCGlkphEdCqQehFOusCZQutXFnFlEdGdm1Gm-KGRkZTm1cQBjxaJRoCxKwQAvD_BwE

ENTREPRENEURSHIP : RUN YOUR OWN BUSINESS

Reasons to start and successfully run a business In this post, get ready to discover some of the main motivations for becoming an entrepreneur and building a successful business. Motivaciones para emprender Entrepreneurship is much more than starting a business; it is a journey full of dreams, challenges, and the possibility of transforming reality. Entrepreneurs seek not only to make a living but also to solve problems and leave a mark on the world. Although each person has their own reasons, there are common factors that inspire them to move forward. According to the GEM Spain 2022-2023 report, the main motivation for more than 70% of entrepreneurs is "making a living due to a lack of jobs." Among the secondary motivations highlighted in the report are "generating great wealth or a very high income," "making a difference in the world," or "continuing a family tradition." Each entrepreneur has a unique motivation and personal story that has driven them to venture into creating a project. This path, although full of challenges, also offers opportunities for personal growth and the realization of dreams and goals. In this post, get ready to discover what drives you as an entrepreneur and how you can channel that energy toward achieving your goals. What does entrepreneurship mean to you? What qualities or skills do you need to possess? Are entrepreneurs born or made? Do you need to have a "special knack" for entrepreneurship? We will examine these questions, from economic necessity to the search for purpose and the desire to leave a lasting legacy. Each motivation has its importance and its story. Here are various motivations that can drive entrepreneurship, along with real cases of entrepreneurs, from those in the early stages to those who have sold to large companies. These examples can inspire you to find your path when it comes to entrepreneurship. Personal Fulfillment. The passion for a project can be the engine that drives some people to pursue their dreams. However, besides passion, discipline and knowledge are required to achieve success in any venture. More and more people, who do not feel fulfilled in their jobs, decide to take the leap and dedicate themselves to what they are truly passionate about while maintaining the income generated by their employment. Economic Aspects. The possibility of earning high incomes is a strong motivator for many people to become entrepreneurs. A successful business can offer financial stability and a substantial increase in income compared to a traditional job. However, the path to success is not easy and often requires more dedication than a standard workday. Carlos Martínez, former founder of Enjoyers and founder of Tengo Mentalidad Emprendedora, comments on his motivations for entrepreneurship and how they have evolved over time. Initially, he was motivated by "making money," but over time he has experienced a growing trend towards personal fulfillment: "When I started at 20, I became an entrepreneur for money because I wanted to be a millionaire. As I matured, I realized that entrepreneurship for money makes no sense; you have to do it out of a desire to solve a problem. That is, you are so motivated by this problem that you don't expect monetary return as a major motivation. The money may or may not come, and it's usually not in the amounts we imagine. Now, however, I become an entrepreneur for freedom and for projects that motivate me." Independence. The search for independence, both financial and personal, is another great motivation. Being your own boss gives you control over your destiny, allows you to make your own decisions, and work on your own terms. The autonomy achieved through entrepreneurship also provides greater flexibility to balance personal and professional life, helping you design a lifestyle that better suits your needs and priorities. This is a significant motivation for those seeking a more satisfying balance in their daily lives, as in the case of Beatriz Turumbay, External CPO of Code Contract, who comments that "becoming your own boss gives you a new vision of the work environment. But above all, being independent pushes you to be the first and last responsible for each of the steps executed from bottom to top, to risk making decisions without a safety net, and to trust your intuition and the trial/error of past experiences, to make decisions that lead your company to a good port." Personal Changes. Significant moments in personal or professional life, such as a career change, unemployment, a move, or a new life stage like parenthood, can be triggering factors for entrepreneurship. These transitions often inspire people to reevaluate their goals and aspirations, which can lead to the decision to start their own project and pursue dreams that previously seemed unattainable. An example of motivation for personal change is the case of Paula Villamarín, CEO of LinkedAI, who argues that "Every step I have taken, whether moving to a new country or making a strategic pivot, has been key to realizing my vision. Facing and embracing changes is a determining factor in my career as a CEO in the AI industry; in the end, it is the path to our true potential." Social Impact. The desire to have a positive impact on the community or the world is another key motivation. These people not only seek material success but also aim to contribute to solving social, economic, or environmental problems. Social entrepreneurs, in particular, are driven by the mission to create significant and lasting change. Mercedes Boyero, CEO and co-founder of ONKLUB, comments that "I became an entrepreneur to create opportunities and generate a positive impact on society, guiding young talents and helping them find their first jobs. My goal is for others not to face the same difficulties I experienced." Personal Development. The desire to develop new skills, face challenges, and continually grow drives other people to launch their own projects. Entrepreneurship not only allows them to learn in practice but also to discover new abilities and strengthen their confidence. Gerónimo Marsico, CEO of TwinTune, recounts that "At 16, I became an entrepreneur with the goal of personal improvement and to be a financial support for my family. My goal is to inspire other young people to face their fears and also surpass themselves." In addition to all these motivations, many entrepreneurs are driven by the desire to leave a lasting legacy. They want to build something that endures over time, transcending their own lives and contributing positively to society and the world at large. From this desire, entrepreneurs can make strategic decisions that go beyond immediate profits, seeking a lasting and meaningful impact on their community and the world. This motivation is exemplified in figures like Elon Musk, who emphasizes, "I always have optimism, but I'm realistic. I didn't start Tesla or SpaceX with the expectation of great success. I just thought they were important enough to do anyway," or Carlota Pi, CEO and co-founder who comments that "we created Holaluz to change the world." Remember that your motivations may change over time, just like your project, but the desire to be an entrepreneur always remains. The challenge lies in discovering how to integrate that motivation with your project.

HIGHLIGHTS FROM THE ECONOMIST ON CHIPS CEI

The Economist this week Highlights from the latest issue ________________________________________ The Economist this week Highlights from the latest issue ________________________________________ WHO CAN LIVE WITHOUT DOMPUTERS NOWADAYS ? EVEN IF YOU DOBN T HAVE ONE, THEY HAVE YOU ________________________________________ Edward Carr Deputy editor The Economist was founded 182 years ago to further the cause of free trade. But even we acknowledge that some goods are special—and few more so than semiconductor chips. Entire industries depend on them. Weapons systems are built around them. And in the contest between America and China to dominate artificial intelligence they could be the difference between victory and defeat. Less understood is that chips also pose a fiendish test for proponents of industrial policy. Their manufacture is a marvel of specialisation, complexity and globalisation. Under those conditions, intervening in markets is prone to fail. What is America to do? Our cover leader this week begins with the parable of Intel. Despite lavish subsidies, America’s chipmaking champion is in grave trouble. An attempt to attract world-beating TSMC to spread from its base in Taiwan is faring better. However, although stronger chipmaking at home will make America more resilient, vital parts of the supply chain will continue to exist abroad. What’s more, TSMC’s factories in Taiwan will remain the single source of the best semiconductors for years to come. With something as important as chips, even the world’s biggest economy cannot afford to shut itself off from the world. highlights from the economist on chips ________________________________________ Edward Carr Deputy editor The Economist was founded 182 years ago to further the cause of free trade. But even we acknowledge that some goods are special—and few more so than semiconductor chips. Entire industries depend on them. Weapons systems are built around them. And in the contest between America and China to dominate artificial intelligence they could be the difference between victory and defeat. Less understood is that chips also pose a fiendish test for proponents of industrial policy. Their manufacture is a marvel of specialisation, complexity and globalisation. Under those conditions, intervening in markets is prone to fail. What is America to do? Our cover leader this week begins with the parable of Intel. Despite lavish subsidies, America’s chipmaking champion is in grave trouble. An attempt to attract world-beating TSMC to spread from its base in Taiwan is faring better. However, although stronger chipmaking at home will make America more resilient, vital parts of the supply chain will continue to exist abroad. What’s more, TSMC’s factories in Taiwan will remain the single source of the best semiconductors for years to come. With something as important as chips, even the world’s biggest economy cannot afford to shut itself off from the world.

PARENTAL LEAVE PROGRAMS WHAT ARE THEY DO THEY EXIST IN YOUR COUNTRY ? MONICA FUIN

Global parental leave turns 1 year Jul 4, 2025 3:27 PM CEST Watch One year ago, Sandvik began rolling out its global parental leave program, offering 14 weeks of leave with 90 percent of base pay to all employees. The benefit has become a success and is now implemented in 54 countries. Sandvik launched this gender-neutral benefit to offer new parents the opportunity to bond with their baby, and to promote work life balance and employee well-being. The worldwide implementation is now complete – an important milestone truly worth celebrating. “To be successful as a company, we believe it is crucial for us to attract, retain and develop our employees,” said Sandvik President and CEO Stefan Widing at the time of the launch. “With this benefit, we can improve work-life balance for new families and people whose families are growing, and that is import to be an attractive employer.” Positive response to the parental leave program One year after the launch, the parental leave benefit has been implemented in 54 countries and 105 employees have submitted leave applications. Canada, Australia, and India are the countries with most applications and 79 percent were submitted by male employees. The global parental leave has been very well received by employees. Stories from employees around the world “Parental leave gave me the opportunity to bond with my son and to help my wife, for example by cooking nutritious meals for her. Taking care of a baby is a tough job – but I love it! Overall, this experience taught me to be patient," says Haijiang Feng, Quality Professional, China. “One key lesson I learned during this period was the importance of being present and fully engaged with my family. ” “The time away from work allowed me to appreciate the small moments and understand the significance of a supportive family environment,” says Criziel Adzuara, Field Service, Philippines. “Being able to be truly present during the first three months of my son's life was wonderful. I will 100 percent recommend it to others,” says Christobal Alessandro Giordano, Parts & Pricing Planner, Chile. Parental leave podcasts Supporting families worldwide with new global parental leave benefit In this podcast episode, Nidhi Gokhale, Head of HR at Sandvik Manufacturing Solutions, highlights the new global parental leave benefit of Sandvik and how it supports employees across the globe. Supporting families worldwide with new global parental leave benefit A researcher’s perspective on parental leave In a new episode of the Meet Sandvik podcast, Dr. Richard Petts, professor of sociology at Ball State University and an expert in parental leave policies, joins to discuss the new global parental leave benefit of Sandvik. A researcher’s perspective on parental leave Do we have your dream job? We offer career opportunities in many different job areas worldwide. View all available jobs here.

GREENLASH from THE ECONOMIST

DEAR MATES ANA , OUR TEAcher told us to include any news on THE ENVIRONMENT I founbd this update and I ll share it with you MARIANA ALZUA B2 Read in browser JULY 31ST 2025 The Economist this week Highlights from the latest issue ________________________________________ ________________________________________ Edward Carr Deputy editor Welcome to what, in house, we have started to call e-week—when we produce a digital-only edition. Aptly for a paper- and ink-saving issue, the focus of this week’s edition is on the environment—in particular, the growing objection to policies designed to force down emissions of greenhouse gases. Many proponents of this “greenlash” do not believe that the strict net-zero targets are in their interest, or that they will bring benefits to anyone else. Some think they are being taken for chumps, paying good money to meet bad targets while businesses and people elsewhere are belching out carbon. Seeing an ever-more-powerful China emitting more than Europe and America combined makes resentful Western voters seethe. Our leader argues that, in the face of immovable politics, climate policy should instead focus on the art of the possible. That may sound flat. But a politics of new possibilities can put climate policy on a more sustainable footing, as well offering hope. E-week dishes up plenty of fare for readers to enjoy. Our cover package includes pieces on energy in America and Europe, as well as the once-greenwashing global firms that now pursue greenery in stealth mode—a phenomenon called “greenhushing”. We also have coverage of Iran after the bombing, the short war between Cambodia and Thailand, LVMH in crisis and the late Tom Lehrer. If you subscribe to The Economist you can enjoy all of this and more in our updated and improved app.

I.E.L.T.S. UNDERSTANDING ECONOMICS WHAT ARE BONDS .

STUDENTS OFTEN HAVE TO DEAL WITH ARTICLES ON ECONOMIC ISSUES AND THEY GET BOGGED DOWN SOMETIMES THEY DON T CLEARLY UNDERSTAND WHAT THE MAIN ISSUES ARE ABOUT THEY DON T THINK THAT THEY HAVE TO DO WITH THEM . THAT THESE ISSUES ARE FOR ECONOMISTS TY H E Y A R E N O T THEY DEFINHITELY AND ASSUREDLY HAVE TO DO WITH ALL OF US CITIZENS IN OUR FRIDAY CLASSES ON AUGUST 3RD AND 4TH FRIDAY AT 6.30 PM WE WILL BE EXPLAINING THESE ISSUES IN SIMPLE ENGLISH THEY ARE GOOD DISCUSSIONS FOR ALL OUR STUDEN TS THAT IS WHY WE CEI S TEACHERS HAVE DECIDED TO SHARE THIS WITH YOU

EARLY READING WILL EASE YOUR DISCUSSIONS IF YOU CHOOSE TO PARTICIPATE CEI S TEACHERS Faith and credit By German Lopez Investors consider U.S. Treasury bonds one of the safest investments in the world. But lately, they haven’t looked so safe. Their value has gyrated up and down. A previous fluctuation appeared to worry President Trump so much that he called off most of the tariffs he announced on “Liberation Day.” Bonds are basically I.O.U.s from the federal government. When the government needs more money — say, because it spends more than it collects in tax revenue — it sells bonds with the promise that it will pay buyers back with interest. If you bought a 30-year Treasury bond for $1,000 at today’s rate, you’d get back around $2,500 by 2055. The market for these bonds is opaque. Descriptions of it can sound as if someone is reading the glossary of an economics textbook. But as Trump’s reaction suggests, the bond market really matters, and it’s worth taking the time to understand it. Here’s what you need to know. What decides bonds’ worth? In short, demand. When people don’t want to buy bonds, the government has to entice them with the promise of higher interest rates — a bigger payout. And when people are hungry for bonds, the government can lower interest rates and still find buyers. Much of this depends on trust. Some people buy bonds expecting them to pay off over 30 years. They have faith that the federal government will be able to make good on the investment in three decades. U.S. bonds have been considered one of the safest assets in the world because the United States always pays its debts (even if it does so by selling more bonds). Why are bonds volatile now? Chaos: Investors want certainty when they put money into something; otherwise, they could lose it all. But Trump’s erratic approach to tariffs — he proposed, then delayed, new levies against the European Union over the weekend, for instance — makes U.S. policy feel very uncertain. So investors are losing faith in the government and now see bonds as more of a gamble. Debt: Another problem is that the United States already owes more than $36 trillion. By 2032, it will have more public debt as a share of the economy than it did after the Great Depression and World War II. At the same time, Republicans in Congress are trying to pass a budget bill that would add trillions more to the debt. Investors are asking: Can the government really repay all of that? Sources: Congressional Budget Office (historical); Committee for a Responsible Federal Budget (projections) | By The New York Times The nightmare scenario That loss of trust could lead to a debt crisis. Bond buyers don’t all agree on a specific level of debt that goes too far and tips the nation into a crisis. But one day, investors may conclude that the government can’t pay its lenders. Then comes a spiral: People stop buying bonds, the government has to raise interest rates to find new buyers and then it owes even more money. Suddenly, the debt becomes truly unsustainable — too expensive to maintain or pay off. When might investors stop believing in America’s future? Nobody knows; it’s largely about feelings. But the bond market and its gyrations are clear warnings that the United States is on the wrong track.

2024 UK ELECTIONS

https://election2024.electoral-reform.org.uk/