Entrepreneurship as a career option

One frequently referenced definition comes from Harvard Business School professor Howard Stevenson: “Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled.” What this means, according to Dave Valliere, professor of entrepreneurship at Ryerson University, is that you see an opportunity that’s “so compelling,” you have no other choice but to pursue it—even if you don’t have the necessary resources. You simply assume that you’ll find a way to get it done, he says.

If you have graduated from college before 2000 in India and and have said that you are going to pursue Entrepreneurship as a career, chances of people laughing at you is very high. They are not to blame as during that period people got into business if their family is in business.

What changed this perception towards entrepreneurship and why is it so attractive?

• India is growing and people are more demanding this fueled many business opportunity
• Many organisations are promoting entrepreneurship and government is actively wooing people to start new ventures
• Banks and financial institutions are more open to provide loans and there are many agencies available for support
• Attitude and aspirations of the people have changed as the economic growth emboldened people and increased their confidence level
• Indian families have become richer and they are able to bear and support their loved ones in their ventures

This being the change in mentality of people can entrepreneurship really become a career option?

i personally believe that entrepreneurship can be a career option because
- It is an really great time to be in India, people are being exposed to various modern lifestyles and are demanding new and better services and products and there is a general lack of good service providers.
-Increasing urbanisation contributes to a lot of opportunities for more service oriented business.
- The government is encouraging a lot with various subsidy schemes and it is very easy to get loans.
- The new payment gateways and online market places have increased the choices for people to buy and sell

At the end of the day, having that drive and passion will be your most important key to success as an entrepreneur. If you’re doing what you love, and doing it on your own terms, you can achieve what many are striving for: being your own boss.