Downturn's silver line: More people turn entrepreneurs why ????

In India people have the specialty of thinking out of the box. People try more to be self dependent rather than depending on somebody else for survival.

And in the downturn that affected each of us led many people to take severe steps & start their own business & believe me they are doing well.

:) i think thats clear!

Environ may be more congenial for entrepreneurship. Mean that,

- the political climate prevailing,(sound assistance in theory & practice)

- industrial manufacturing requirement for more accessories,

- increased buyers market,(as in the case of BPO/KPO's)

- may be a dire requirement of the population as a means for survival(due to retrenchment of employees from corporate worlds)

During Recession or in Boom, Enterprising Spirit is the key to the Entrepreneurship!

There are lot of people who wants to be independent and do not wish to be tied down to certain organisation. One try to start own business to put in to productive use the knowledge one has got. Many a times this happens when one is not in right kind of work place and finds difficult to make use of one'a skills. added to this now a days finance ia available without much difficult. In fact some banks encourage one to be independent by giving fiance and also other facilities. By starting one's own business/industry one can put to use the skills/management ability/technical knowledge/know how and also generate  employment thus serve the society. This will certainly push the economy up ward.

the saying goes that survival of fittest. and specially when the earning has gone lower and you need to earn to keep afloat atleast.

this is the time i have found that brain will expand its horizon for the person who make efforts instead of just sitting around . it is said that "the fire in your pit is highest when you have less to do".when thing are going fine very few person tend to take risk by expanding or doing outside their boundaries.

risk taking becomes a necessity and later convert into habit to succeed  and many time it does take toll on your system also but that the "kick" many people live to enjoy.

many times entrepreneurship is not by choice but by  circumstances and person who has seen the bottom of sea theirs is no fear of failure.

THANK YOU SUJATA.

AS THE OLD SAYING GOES,NECESSITY IS THE MOTHER OF INVENTION.TO MEET ONE`S SURVIVAL NEED AND TO KEEP ONESELF AFLOAT ONE HAS TO EARN A BARE MINIMUM AND EVERYONE HAS GOT HIS OWN COMFORT LEVEL.HATS OFF TO THEM THEY HAVE NOT PANICKED BUT HAD THE COURAGE TO WITHSTAND.LET US WISH THEM ALL SUCCESS.

In India, the post-liberalization and globalization era has brought this drastic change. The Government has encouraged entrepreneurship by providing training and also the facilities to succeed, particularly in the rural areas. The government has given many allowances for the entrepreneurs and many tax rates have been cut down. The Governments need to still continue reducing the administrative burden on entrepreneurs, to ensure that the necessary resources are directed where they are needed.