Why Do We Celebrate Entrepreneurs' Day?

Supriti Tripathy

19th Aug'21

An entrepreneur is someone who jumps off a cliff and builds a plane on the way down – Reid Hoffman.

There are only a few times a person can use the phrase, "Take my way or the highway"! That marks the words of an entrepreneur! Humour aside, entrepreneurs are the reason for economic development via job creation, innovation, and lifestyle development. In every sphere of life, a person dreamt big and worked through the waves to bring the dreams to reality. This person called by different names is an owner, tycoon, founder, businessman, or entrepreneur. To mark the beginning of this creativity and indulgence in the greater good, we celebrate Entrepreneurs' day on August 21st every year.

The World Entrepreneurs' Day reminds us of the contribution of these creative individuals and the paths they paved for others. So, do you want to know the reasons to celebrate Entrepreneurs' day and the success stories of some of the path-breaking leaders?

Hopefully, we all can take inspiration to take charge of our lives and find ways to make this day eventful.


entrepreneurs' day


What Makes this Day Special?

Entrepreneurs' day reminds us to celebrate the leaders who have intensified their talents by looking into the impossible and making a way through it. Here are some of the characteristics of entrepreneurs:


  1. They are the ultimate trendsetters

  2. They let go of their inhibitions and focus on results

  3. They bring a difference in the quality of people's lives.

  4. They fetch solutions to the toughest of problems.

  5. They take the trouble to look beyond the ordinary.

  6. They visualize a brighter and better future.

The list can go on, but what's worth it is to recognize the passion that they cultivate within themselves and the people who work with them. Let's look at some of the examples of successful entrepreneurs.


Entrepreneurs, Their Innovations and Our Lessons


Ratan Tata

He is the former chairman of the Tata Group of Companies, a legendary industrialist, philanthropist, and the first civilian to fly the F16 Falcon Fighter Aircraft in India. His vision to make a difference by generating employment for the middle class, taking a company from its initial road to success, is something generations will remember. His humble nature, immense passion for work, and people have given him prestigious awards, including the Padma Bhusan and Padma Vibhusan. Today Tata Group has taken over the market in many sectors from the iron and steel industry to the automobile industry to FMCG and has earned the trust of its clients, employees, and customers alike. 


ratan tata


Steve Jobs

He was the co-founder and ex-chairman of Apple Inc, the brand that took the world by storm. It values at $ 2 trillion currently. Its revolutionary set of handsets and laptops always makes news for unparalleled innovation with unique features and updates. The zeal to build something of his own and make a difference in people's lives, however small, earned him his name and fame. Today every gadget lover either owns an iPhone or saves to own one.


Elon Musk

He is one of the super-powerful entrepreneurs of all time. The co-founder of Tesla, PayPal, and founder of SpaceX, Musk is a name so adored by people. He is a technology entrepreneur who believes in taking bigger risks without fear of failure. The simple tweets of this man make a huge difference in the markets of cryptocurrency. The idea to surf opposite the direction of waves makes him stand out from the ordinary.




Mukesh Ambani

The wealthiest business tycoon of India, the chairman and MD of Reliance Industries, envisaged a vision and built an empire walking in his father's footsteps, Dhirubhai Ambani, Mukesh successfully took a company from its initial days to glory. The business soon diversified into other sectors like oil and gas, telecom, financial service from the textile retail. His unique tactics to take over the market and cater to millions of masses makes him the second-gen unicorn who upgrades himself with the changing times.


Jack Ma

Having a net worth of over $ 50 million, Jack Ma is one of the richest leaders in the world. He is the founder of the Chinese biggest e-commerce giant, Alibaba, that's worth billions today. What makes this man extraordinary is his response to failure. He has been rejected for several jobs early in his career but never gave up. His focus to achieve long-term success always keeps him on track. He feels knowing the better of his people alone is his success mantra.




Prediction Via Creation

When you get started, you are sure to get ahead. Entrepreneurs are those individuals who refuse to sit and dream; instead, they write their destinies. Risk, success, finance are the accompaniments. Through the unusual path they take, we get the privilege to live a life of luxury. The inventors and innovators who have taken the plunge to contribute something to society have created opportunities for others and given us hopes to aim higher.


What Can We Do?

On this day of recognition, we can share their success stories, count their adventures, get inspiration from their business ideas and lead a life marked by the right effort in the right direction for the right cause.

So let's pitch in creative ways to stamp this day by planting seeds of entrepreneurship in the minds of our youth, building inventive models, appreciating intrapreneurs, spreading awareness, and so much more. And as we dive into this thought, let's also remember,

Success is the sum of small efforts repeated day in and day out!


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A believer of good things and pursuer of diverse avocation, she is a fiction lover and a simple writer. Supriti has a number of professions to her list and she feels challenges are the only answers to failures.