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Topic : Entrepreneurship Development in India
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Started by : Veena Gupta, Analyst, Blackstone Group   05 31 2010 05:36:08 +0000
Industry : Hedge Funds/VCs/Private EquityFunctional Area : India(Markets)
Activity:  107 views;  last activity : 12 06 2010 13:47:06 +0000

Keen to cash in on the opportunities galore and with the economic recovery happening more and more top level executives are donning the hat of an entrepreneur, a recent news report said.
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Many senior executives are leaving companies as they want to start something of their own, earlier it was something like everybody wanted a government job, and then came the spree of IT jobs and everyone wanted be associated with IT Industry, and now its the turn of the entrepreuneurship....everybody wants to start on their own & leave the job at the hand, why people are choosing entrepreneurship over their job?

 
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1 2 3 4 5
1 Moving out of traditional employment relationship
2 For quality of life
3 New Challenges & Better Growth
4 see huge opportunity in a new fields and wants to there first
5 Risk in conventional opportunities
6 I Decide For Me
7 moving out of traditional employement relationship
8 Fed up of working in a company
9 Dedication and strong will to prove oneself
10 Freedom Of Operation And Opportunity Of Limitless Growth
11 ambition to lead whether for society or for sel actualization
12 TO LEAD ONE`S LIFE IN AN FLAMBYOUNT WAY.
13 Passion = Work = Money = A Happy Lifestyle
14 "satisfaction if one of the important funda for happy lifestyle"
15 entrepreneurship is must for a happy lifestyle. "servant" word is so bad for a long time

Moving out of traditional employment relationship

idea posted by Veena Gupta Analyst, Blackstone Group

I think these days people are bored of working for someone else, the mindset is totally changed, earlier it was all about government jobs, and then it was IT jobs and now it is all about Self employment, I mean putting all the effort  for their own business or venture and feel good about it, and many of my friends are also in the same mode of thinking, where they want to start  on their own at a very early age by quitting a great job at hand.

Also I guess it has got to do with the current scenario, where the economy is in the recovery mode, and if you go by the history, this is the best time to start something new, its a great time for both new and existing ventures.  Also in a recent global survey it is said that 1 in 6 in India describe themselves as selfemployed.  The idea of moving out of traditional employment relationship is appealing to those who want the flexibility of working for themselves.

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by NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 06 14 2010 19:47:31 +0000

Thanks for the referral Ms.Veena Gupta. I accept with your opinion.

Other reasons may be, they want to be of boss for themselves.They may have innovative ideas that could not be implemented in their jobs due to their supperior and this might have resulted to leave the job in order to start on their own. Anyone who is having the courage with self-motivation, result oriented, confidence, capacity to manage/sustain the crisis in the business, and risk bearing to the optimum level can start his own business with a reasonable amount of capital. Now a days the business can be financed through banks/financial institutions for which they need some security.

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by puneet , Manager Admin  | 06 04 2010 17:34:50 +0000

but also independence , satisfaction and growth .

1
  
by Shashi Kumar U, Head Accounts, Geluvu Food Products  | 06 02 2010 04:57:46 +0000

When one is employed for some company one is controlled, and there is limitation to do things. Now with the economy opened up,  easy finance available and large market opened up, one can venture out to do something by oneself. this feeling of independence has given rise to many new ventures. 

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For quality of life

idea posted by Tanmay Gaur Freelance Software Developer

More people miss out on family and social obligations because of 12-14 hours of office. Its not just IT industry anymore. Thats one. Secondly, who is the boss. Most of the times, he is the one, you are better, without. Third, entrepreneurship gives you more job satisfaction and job security vis-a-vis job avenues. Finally,to any natural talent entrepreneurship means freedom while job is slavery. I personally also think, use your job to know your natural talent and to get market training for it but always plan for entrepreneurship.

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by SHRIKANT MANOHAR DANKE, Zonal Manager / Sr. Project Manager ( Civil Engineering), Kumar Properties  | 12 06 2010 08:30:24 +0000

Everybody want to enhance it's lifestyle is the reason for choosing entrepreneurship over the job.

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by s.baalu , Consultant, XYZ LTD  | 06 17 2010 14:18:57 +0000

THANK YOU VEENA.

MANY HAVE THE WILLINGNESS TO ACHIEVE AND VERY FEW HAVE THE COURAGE TO BEGIN..PEOPLE WHO WANT TO BE AHEAD OF OTHERS,WITH MORE CONFIDENCE LEVELS IN THEMSELVES,TO HAVE A BETTER QUALITY OF LIFE AND SHOW THE WAY FOR THEIR SUCCESSORS PREFER TO BE ENTREPRENEURS.

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New Challenges & Better Growth

idea posted by Nandakishor Bharati Production Manager, Dabaga Veg & Fruit Canning Co Ltd, Iringa (Tanzania)
Being a businessman is a kind of a challenge. As an employee, you have to work in only one department, but for an enterprenuer_ all the department of the business are important, so you have to get knowledge about management, finance control, production, purchse & sales, etc. Again better growth & more income (if you can manage your business) are the other two things, that can make somebody to choose entrepreneurship.
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by Rajagopalan Krishnamoorthy, B.A student  | 05 31 2010 17:01:14 +0000

Hello Veena, Entrepreneurship, person should develop from young age itself. Then only you can be successful. To achieve this, person should take risk and no of challenges. Further you have to sacrifice so many things to achieve the Goal. At last it depends on the individual.

K Rajagopalan.    

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see huge opportunity in a new fields and wants to there first

idea posted by shivanand shenoy self employed, siddhi

one choose entrepreneurship for following resons

  1. one see's an business opportunity in a particular field of his work and heads for it.
  2. some working colleges first that the appetite to  strong 
  3. finds that the potential in himself is much more than the place and remuneration at work.
  4. not by choice but by necessities of the day.
  5. innovation in his mind and finds that the money is huge.
  6. some process patentable and good future
  7. demand supply gap in particular sector which he has found. 

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Risk in conventional opportunities

idea posted by Indusekhar Das Team Leader -(NonTechnical), ABP Pvt Ltd
Any conventional opportunity, Professionals, or, Employeds, is in the Active Income Group. The day you are incapaciated, your world comes to a screeching halt. Passive Income opportunities are built around Royalties, which shall reap fruit for you even after your presence is confined to a photograph only.
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I Decide For Me

idea posted by Vivek Singh Project Manager, L&T

Thats a great feeling that I decide to incresae my income, I decide how I will solve the problem, I decide my hours of work, I decide whether I am right or wrong, I decide which work to do and which not, I decide my strategy...........

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moving out of traditional employement relationship

idea posted by Tarun Kumar Verma MBA/PGDM student, IIScs
he is responsible for the things
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Fed up of working in a company

idea posted by Atul Joshi CEO/MD/Director, Lions Alliance General Trading Co

fed up of working in a company who does not value and reward your contributions and provide compensation and rewards accordingly

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Dedication and strong will to prove oneself

idea posted by Moparthi Sai Ramya Sree Software Developer, Virtusa (India)
anyone who wants good recognition and wants to implement new ideas will go for their own organization. . .
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Freedom Of Operation And Opportunity Of Limitless Growth

idea posted by suhaschandra deshpande Marketing Associate

Entrepreneurs are open to others' ideas but wish to implement their own. The capacity to withstand tremendous pressures during difficult phase of business operations is very well developed & risk taking abilities are developed in entrepreneurs. The career & financial growth from entrepreneurs' point of view is limitless & operational flexibility they want to excercise make them turn to entrepreneurs. Sometimes ambitions arising out of human egos also result in choosing an Entrepreneurship.

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ambition to lead whether for society or for sel actualization

idea posted by ANOOP BHARTI M.E/M.Tech/MS student, LPU JALLANDHAR: PUNJAB
some wants to work for social cause called social entrepreneurs,they need money and power to bring change:some works for self esteem or for self actualisation
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TO LEAD ONE`S LIFE IN AN FLAMBYOUNT WAY.

idea posted by dinesh kumar sharma ZONAL SALES MANAGER - NORTH, WOCKHARDT LTD
FREEDOM AND TO BECOME THE BOSS.
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Passion = Work = Money = A Happy Lifestyle

idea posted by Seema Partner/Principal/VP, Angel Associates
The greatest misconception is that work leads to happiness. Some people accept the fact that a job is just a means to an end. But think about it: the average person works over 8 hours a day and spend more time with work than they do with anything else.
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"satisfaction if one of the important funda for happy lifestyle"

idea posted by Mayank Sharma MBA/PGDM student, Punjabi University, patiala
every on have a desire to achive something in their life, some of them wants only money without work, some wants a good job and who have the job, wants to become no.1 enterprenurer. as so on desire never die but man die. so whats u have try to make batter them and satisfing ownself b,coz life is a short term process.
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entrepreneurship is must for a happy lifestyle. "servant" word is so bad for a long time

idea posted by Mayank Sharma MBA/PGDM student, Punjabi University, patiala
a man can do there job for a short time period with great pleasure ,but is too difficult to spend whole life under someone.
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