Entrepreneurship and the Future of Innovative Technology

Entrepreneurship has been a hallmark of progress and advancement since the Enlightenment began in the early 18^th century. More than 300 years later, it persists as the fundamental building block of the future; in fact, one could argue that it is more important now than ever before.

The world’s population has broken the 7 billion mark. With a growing number of people seeking the same limited amount of resources, competition will only become more intense and the gap between those who have and those who don’t will likely continue to grow. Today, perhaps more so than at any other point in human history, intellectual capital is the most valuable currency available to a person seeking upward social and economic mobility.

“Intelligent failure” plays a vital role in all entrepreneurial and intellectual endeavors. This occurs when a well-planned, well-researched, well-executed attempt to innovate falls short, but in the process, those behind the venture are guided to a better path. Many of today’s leading theorists stress that it will play an increasingly important role in shaping the social and economic landscape of the years and decades ahead.

Here’s some food for thought for mobile app development specialists toiling away in search of “the next big thing:” experts estimate than an entrepreneur can only control between 30 and 40 percent of the factors which influence the success or failure of his or her venture. The rest depend on elusive influences like the competitive landscape, and socioeconomic and environmental circumstances.

At times, being an iPad app developer in Chicago may seem like a Sisyphean struggle. The software development industry is highly competitive, and many people have had seemingly certain successes slip through their fingers.

Keep plugging away. It’s the only way you’ll ever succeed, but even more importantly, the progress of the human race depends on people like you keeping the faith and refusing to accept failure.