Date :04 Apr, 2018
Posted By:Team - Jitin Chawla's
The very thought of owning one’s own business brings a rush of excitement and adrenaline. An entrepreneur starts selling some product or service from scratch, he is his own boss and his success relies only on his own merit and hard work. Interestingly, entrepreneurs are not just seen starting companies, but they are also playing constructive roles in various fields including education, in government sector and in the social sector.
The term entrepreneur is commonly used to describe an individual who organizes and operates a business or businesses, taking on financial risk to do so. The responsibilities of an Entrepreneur include formulating ideas, planning, organizing staffing & controlling. Entrepreneurship and starting up is not a step by step, pre-planned, theory-oriented game.
With the boom in Indian economy, the environment is just right to provide good scope for entrepreneurship. Anyone can make a head start as an entrepreneur as this field does not require any formal qualification. However, it is always better to pursue a bachelor’s degree.
Aspirants wishing to become an entrepreneur can get training right after their 10+2. One can opt for BBA/BBS/BMS/BBM in Entrepreneurship or any other course for graduation and then can go for a Master’s in Entrepreneurship or an MBA degree in Family Business Management from Indiaor abroad.
Courses in Entrepreneurship are available at Entrepreneurship Development Institute (EDI), Ahmedabad, Indian School of Business, Hyderabad, SP Jain School of Global Management, Mumbai, NirmaUniversity, Ahmedabad, NarseeMonjee Institute of Management Studies, Mumbai, Amity University
However, if you wish to pursue a course in Entrepreneurship from abroad, you can opt for Babson College, USA, Imperial College London, University of Warwick, UK, Trinity College, Ireland, Asian Institute of Management, Philippines.
Apart from degrees in Entrepreneurship, you can also pursue Entrepreneurship programs such as TIE and Startup Saturday, which will open your minds to new possibilities and innovative ideas.
However, to pursue a career as an Entrepreneur, only education would not be sufficient. You need to have the passion, the drive and a big idea to bring entrepreneurship to life. Most importantly, you also need to have proper funding because without it, getting your idea off the ground will be impossible. Getting the initial funding is usually easy: friends, family and you can put in the funding required to get your startup off the ground.
Depending on the stage of the start-up, type of legal structure and maturity of the idea, there are various sources of funding as well. They includes seed and angel funds, big social impact Venture Capitalistssuch asOmidyar Network, Lok Capital and Aavishkaar, grant funding agencies and even debt funding.There are a number of organization including government organization such as Venture Capital Fund, NCFA India, CSR Departments like Bill & Melinda Gates Foundation, The Skoll Foundation, DBS Foundation, ASEED, Ashoka Foundation, Social Entrepreneurship & Equity Development, which help young people to start up their own entrepreneurship firm.
Apart from starting up your own firm, you can also opt for pursuing a career in the corporate world after graduating in Entrepreneurship, Now-a-days, recent entrepreneurship graduates are working in other Start-up companies for 3-4 years rather than starting their own ventures. Many institutes and companies give preference to those who have worked their way up from the grassroots level and have a background in entrepreneurism, therefore, making Entrepreneurship an appealing career option, even if a start-up is not an agenda!