The era of entrepreneurs
n over 60 years of India’s independence, we have witnessed a gradual transition in the society. With India’s growing supremacy on the global stage in the 21st century, it is the era of the entrepreneur. It is the entrepreneur in the shape of a Narayana Murthy who brings smiles to families of lakhs of Indians, in the body of Ratan Tata who makes a Nano to make travel simple. Let us explore the basics of entrepreneurship.
What is Entrepreneurship?
Entrepreneurship is a state of mind — it is not a profession, it is not a business! It is about generating ideas, identifying an opportunity, creating solutions and reaching to customers. It is about creating a difference rather than creating products. When Narayana Murthy decided to start Infosys, he did not do it to create good software — it was to create the software industry. The first step towards entrepreneurship is to realise and identify your inner potential and strive to achieve it.
How is it different from being an employee?
The employee’s attitude is “CAN I” — Can I do this? Can I go there, Can I modify company policies and Can I launch a new product? The entrepreneur’s attitude is “I CAN”.
Why is entrepreneurship growing now?
There are more than two crore Indians who run their own business, whether in cities or in villages. Fifty per cent of India’s population is below 25 years of age. The country’s GDP is growing by less than eight per cent after years of two per cent growth rates, with nearly half of GDP contribution coming from entrepreneurs. The other factors include access to Internet and telecom, success of Indian entrepreneurs globally and ease of starting a business in new industries like mobile, education and health.
Future of entrepreneurship
Entrepreneurship is here to stay, survive and thrive — and all of us can be enablers in this revolution. Let us give our youth a year to prove themselves and we will see the real India rising. Our future
heroes will be social entrepreneurs, agro-entrepreneurs, defence-entrepreneurs and more