Entrepreneur
For a growing economy, Entrepreneurs are regarded as national assets. They play a vital role in the country’s economic growth because when they build a business, they contribute to all aspects of the economy. Recognizing their importance has led to a boost in entrepreneurship development efforts by the governments and significant growth in enterprise education.
For several years it was believed that entrepreneurs are born, not made. But over the years and many researches later there has been a f...
Five things Gen-Next should consider when joining their Family Business
As India continues to be among the fastest-growing economy in the world, the Indian family business owners also remain optimistic for quick and aggressive growth. A recent survey conducted by PWC suggests that 89 percent of family businesses in India expect to grow in the next two years, with 44 percent of them looking at growing aggressively and 45 percent expecting steady growth.
With the blooming prospects, joining the family business always looks like a rewarding option for the Gen-Next and...
How COVID 19 is Reshaping the Startup Ecosystem
Global disasters like COVID 19 tend to leave a permanent mark on any civilization. The suffering and the loss of life has already affected the political and social economy of the country. Every society is different, how they react to their peculiar vulnerabilities and innovate will define its future in the post COVID era. Some technology-backed businesses in education, agriculture, health, content and essential retail trade are profiting from the sudden demand while sectors like luxury seem to b...
Bridging Generations – How the Old and new can work together in a Family Business
Family owned and run businesses are ubiquitous to the Indian business ecosystem, originating from the ancient Bazaar system, they have been significantly contributing to the economic and societal growth. Today India ranks third globally in the number of family businesses, closely following China and the US. These businesses have an enormous potential of creating a brand, provided they are efficiently managed and professionally organized for future growth. This opportunity has given rise to a foc...
How to Find Your Passion
Research has proven that when you live your life with passion, you add 8 hours of joy to your life. Following one’s passion is to thrive in an environment, in an ecosystem. Who better than the father of the digital revolution, Steve Jobs would know what passion means. He once said, “When you do a thing with passion, you tend to persevere it through hard times, the rest just call it quits.” Passion is something you give your full force of attention and energy to. Essentially, the question pops up...
Entrepreneurship is a mindset not a designation
“The entrepreneur is essentially a visualizer and actualizer. He can visualize something, and when he visualizes it he sees exactly how to make it happen.” — Robert L. Schwartz
How would you describe an Entrepreneur in your own words? Someone who wants to start their own business? Or someone who is a born leader and is not afraid to take the decision that would change their life? That’s how it is; a person who is known to encompass such qualities is considered as an individual who is an...
Why Entrepreneurship Training Matters
For years there has been a dual view on whether or not entrepreneurs need to undergo formal training before they begin their journey of starting a business. Some believe that entrepreneurship can be learned only by, on the job approach, in which you start your business and learn through the day-to-day running of the business. While others believe that entrepreneurship, like any other discipline, can be taught, nurtured and improved on, by undergoing specially designed courses, which serve as a f...
Uncertain about getting a job due to pandemic? Here’s how to start your own business.
When you look at the evolution of civilizations across the world, you will observe that most radical advancements were triggered by a crisis. Wars forced us towards technological development; epidemics gave rise to a whole new health care science and system, the financial crisis triggered in the US gave rise to a progressive startup culture and gig economy. Similar will be the case with the pandemic we are facing today, though the domino effect of COVID-19 has shuttered or slowed down various ec...
Challenges for the Next Generation Joining a Family Business
Joining a family business is considered a privilege for the next generation, but it also comes with a huge responsibility. Very often than not, the next generation finds themselves not so prepared for this fundamental decision of their life. With the growing uncertainty in the market and the rapidly changing business scenario, the young leaders must think and decide with a lot of clarity. It is estimated that India is home to 108 publicly-listed, family-owned businesses, making it the third-high...
Emotional Intelligence – A success mantra for Entrepreneurs
We all have been told over and over again, about what makes an entrepreneur successful. Suppose we go by the common belief, it is perseverance, higher IQ, risk-taking propensity, creativity, skills like marketing, finance handling, negotiations and so on. While we idealise successful entrepreneurs as strong, confident and go-getter people with all these qualities, we somewhere fail to acknowledge the one thing that sets them apart from the league of other entrepreneurs and what drives their long...