To evaluate the impact made by entrepreneurs both economically and socially, you have to see if the places where these people are operating show any economic improvements such as increase in jobs and wages as did they create an atmosphere that will encourage other businesses to invest in the area. Socially, did their business improve the lives of the people living there? Are they now enjoying more benefits and have any of them left when the entrepreneurs came? Did the entrepreneurs’ business have any effect on their live? That is how we need to evaluate their impact.