Wednesday, August 17, 2011

Entrepreneurship and the Scale of Feasibility & Reality....

ENTREPRENEURSHIP...... The Buzzing word all over the world. What is so interesting about Entrepreneurship that is attracting the huge lot of youngsters graduating from colleges and the employees fed up with their work?. The answer for this is crystal clear- "Every one wants to be their own boss"...

Yes, that's the magnetic thought that is making the thirst for Entrepreneurship so popular. Research shows that a decade before when in Indian colleges and schools if the professor asked the students what they want to do, the answer was varied like I want to be a Doctor, an Engineer, an IAS, Senior Manager in XYZ company etc but none use to say that I want to start on my own. But today the world has changed two folds. Every class of every college in every part of India has at least 20% students aspiring for becoming an Entrepreneur. That can be called as a great asset or vision which could benefit India in the long run. But the questions remains, How many of the so called aspirants achieve their goal of becoming an entrepreneur. I guess not even 2% of the total aspirants.
The reason for such huge gap between aspiring students to turn into entrepreneurs and the students turning into entrepreneurs is that the scale of feasibility and Reality doesn't match to the vision they have. Every one wants to become TATA's, BIRLA's, GATES, BUFFET's etc in one shot. But Entrepreneurship is not a one day picnic, its a continuous year after year prayer.

I sometimes get very baffled about the fact that many of the students when asked to create a business plan as a part of simulation exercise, do create something like 5star hotels, a multi-chain retail stores etc but they never consider the feasibility of the idea they are encrypting on the paper. They never actually try to analyse the environment they are in.

Therefore it becomes really necessary to relate whatever one does to the reality in the business market and its feasibility. Of course, if the Entrepreneurship is taken seriously and one work towards it considering all the factors and environment, then nothing is like it in this world.

Lastly i would like to quote : . “Entrepreneurship is living a few years of your life like most people won’t so you can spend the rest of your life like most people can’t.”

Rohit Tiwari

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