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?
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.
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.
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.
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.