With the announcement of Interim Budget on February 1, 2019, the BJP government is likely to strengthen the populist measures of the country. The budget 2019-20 was presented by interim finance minister, Piyush Goyal in the absence of Union finance minister, Arun Jaitley.
Innovation is the new buzzword in business and entrepreneurship. Every day, we are listening to the story of geeks building world-changing technologies. But is that the only thing that can be defined as innovation. Does every business need technology geeks to be a truly innovative company?
Truth be told, not everyone is cut out to be a successful leader because it is just not meant for everyone and that’s completely fine. I believe that everyone in the organization is a leader and every one of us has the caliber to lead, whether we choose to lead or not. In fact, everyone is leading in their own capacities like when you make a decision when you delegate work when you respond to certain situations when you go out of the way when you add something to the conversation when you assist someone and much more. Leading does not require you to gather people and give them a long speech or pep talk and inspire them to do more in life.
Today, everyone is motivated by the waves of successful business startups, and especially younger generations want to be their own boss to gain full of glamour and wealth. The coolness of being an entrepreneur is all-time high but the fact is that being an entrepreneur is not for the faint of heart and there are lot of risks associated with entrepreneurship.
Across the country, communities are struggling, employees are concerned about career and future and youth to see lesser prospects of a better life. Solutions to these problems are difficult to find and even not on the horizon. Well, Entrepreneurship cannot solve all these problems of the community but entrepreneurs surely have a solution for many of them. Entrepreneurs are considered as job creators and their contribution to society cannot be measured only in monetary terms.
Being an entrepreneur is not a cakewalk and it has always been challenging for young entrepreneurs. When you start your own venture, you are responsible for doing many things from juggling between projects, long working hours to constantly coping up with innovative ideas. Aside from managing business pressures, young entrepreneurs are also subjected to so many stereotypes and certain social attitudes that make it even more difficult to be successful and attain a secure position in the industry. Every entrepreneur faces the negativity of family members and well-meaning friends who think that they will end up being bankrupt if they continue their business dreams.
A successful career is no less than a rollercoaster ride with many ups and downs. And being an entrepreneur, moving forward from past failure and maintaining the success can help you lead a much better and fulfilling journey. Well, Entrepreneurship requires lot of encompassing skills that other professions do not even consider like engineers’ draft project plan and then, pass the deigns to make them a reality. But for entrepreneurs, it is very different. Each and every aspect of business is handled by entrepreneur and they have to understand everything from the role of visionary, salesperson, project managers and much more. It does not require only a degree to learn these skills and all you need is entrepreneurial aspirations.
Are you a startup business or have a million-dollar idea for the startup and planning to start a business with your best buddies? There is no way someone can stop you from missing the window of opportunity but STOP, take a deep breath, pause and make sure that you are not missing the co-founders’ agreement before embarking your entrepreneurial journey.
The current scenario of India and promotional schemes of government has fostered the youth of India towards entrepreneurship and business startups. The youth is becoming highly ambitious for entrepreneurship and as we say that “Change is the only constant in life”, emerging trends in the realm of entrepreneurship are also leading to optimism about the growth of the country. India is a land of entrepreneurship and has over 20,000 startups and every year, 1400 startups are beginning their operations. These business startups are driving the economic growth, generating employment, leading new innovations, and introducing new solutions every day to improve the current processes.
Looking at recent data, it is very difficult to escape from the turmoil of uneducated youth in the country. A McKinsey survey report has indicated that the GDP of India has grown over 7% per annum from 2015-2017 but the growth in employment is only 1.7%, which is very low.
You will find many people calling themselves serial entrepreneurs and create their presence almost everywhere, be it social media, newspapers, conferences but it is not what it seems. Fact is that most of the people calling themselves a serial entrepreneur is not.
Starting a new business or being hired as a leader doesn’t mean you can gain credit for all the success, there are a plethora of traits that help to become a good business leader.