Admission 2023-24
How to Develop Successful Career in Entrepreneurship
End Semester Examination 2022-23
December 15, 2022
Does a career in Fashion Designing have Scope?
December 26, 2022How to Develop Successful Career in Entrepreneurship
at
Planning on starting your own company? Do you feel confident enough to show off your artistic abilities to the world? If the answer is yes, you can unquestionably succeed as an entrepreneur, and your career in entrepreneurship is really bright.
So, how does a typical entrepreneur look? You must have the ability to take risks and the vision to start a new business in order to become a successful entrepreneur. Such individuals contribute significantly to any economy. They can also introduce novel concepts to the market.
How career in entrepreneurship is booming?
In 1991, post-liberalization was the turning point for entrepreneurship. Indians became familiar with the World Wide Web in 1995 with the start of the dot-com era by VSNL. As a result, entrepreneurs were given access to the global market. By the time they entered the Indian market in 2007–2008, Flipkart, Zomato, and Quikr had completely changed the face of entrepreneurship.
More than 600 businesses received funding in 2015, raising more than US$2 billion from private equity and venture capital funds, which had a significant positive impact on the startup economy.
Warburg Pincus' investment in Ecom Express and Goldman Sachs' investment in Foodpanda are two of the larger of these deals. Sequoia Capital made a sizeable investment of US$700 million in Flipkart, and Alibaba contributed US$500 million to Snapdeal.
Prior to that, the National Association of Software and Service Companies (NASSCOM) launched its "10,000 Startup Initiative" in 2013 with the goal of supporting these start-up businesses over the following ten years.
Characteristics of entrepreneurs
These include the following:
- Passion and Inspiration
- Self-discipline
- being able to take risks
- Thinking Outside the Box
- Persistence
Topics
Article (2)
Architecture (4)
BAMS (3)
Computer Science (4)
Data Science (2)
Engineering (6)
Hotel Management (1)
Nursing (2)
Paramedical (1)
Pharmacy (2)
Placement (3)
How do I become an entrepreneur?
- Choosing the Right BusinessThing about making a career in Entrepreneurship? This is a broad field with numerous opportunities for success. Choose something that you are passionate about and can weave your dreams around. Then success will come more easily.
- Choose the correct school Though entrepreneurship does not require formal education or skills, enrolling in a BBA in Business Analytics or any MBA programme from one of the most prestigious university like Dev Bhoomi Uttarakhand University of a similar nature will be beneficial. Furthermore, diploma courses catering to specific categories of entrepreneurship are available and will be extremely beneficial.
- Comprehensive Business Strategy hing about making a career in Entrepreneurship then before you start your own business, you should have a business plan ready. Preparing a business plan has the advantage of clearly defining objectives as well as a strategy for achieving these objectives. Furthermore, investors in your business plan will be confident and willing to invest.
- Identify the Target customer Base Any entrepreneurial venture can only succeed if the target audience is clearly identified. The region's demography is also important in this regard. You must research the age group that best fits your entrepreneurial model and create products that meet their needs and preferences.
- Marketing A successful marketing strategy is likely to bear fruit. Even if you have the best juice in town but don't know how to market it, your efforts will be meaningless. A proper marketing strategy is essential for success and will undoubtedly bear fruit.
Conclusion
Do you want a successful career in entrepreneurship? There is, however, no fixed model or dimension for success. Still, in general, the concept and idea of entrepreneurship begin with passion and appropriate business opportunities.
The line between small businesses and entrepreneurship is razor thin. Even if he or she lacks capital, an entrepreneur is never short of ideas. However, with the right vision and the right educational degrees, you can be on your way to success and set a successful example for others to follow. If you have the instinct and vision to be a self-created leader, now is the time to enter the world of opportunities known as entrepreneurship.
