Skip to main content

Entrepreneur needs lot of guts- encouraging our young generation for opening jobs rather than filling jobs:


     
     I wrote this article as soon as I ended my trip using two-wheeler self-service bike ‘Bounce’ at Bangalore. It was unbelievable, for 7 km I was charged 25 Rs. (Not even half of the USA $), imagine the affordable cost in a city like Bangalore. The bike was brand new, it had ridden around just 1100 km. Who are these people who started this convenient service, are they ‘entrepreneurs’, yes they are. You can think of Ola, OYO, Paytm and many more startup examples.

Image source: https://casanuratti.com/2018/11


I always think why so many graduates get into job lines instead of opening assembly lines (I.e. Factory). The students focus their imagination and creativity only for getting a job. The entrepreneurship is a position where you really create some valuable service or product to the people and the jobs and economy to the country.

Few examples of entrepreneurs, mix of old to young folks:

a. OLA Cabs- Bhavish Aggarwal

b. Bounce bikes- Vivekananda, Varun Agni and Anil G

c. OYO Rooms- Ritesh Agarwal - Age 24

d. Rockstah Media- Farrhad Acidwalla - Age 23

e. Neuro-Insight- Pranav Yadav - Age 28

f. Prestige construction company- Irfan Razack

If you look at maximum entrepreneurs most of them come from humble backgrounds, but with great ideas, passion and conviction.

Below are the few phrases by which you can understand the entrepreneur and entrepreneurship:

-      “A person who sets up a business or businesses, taking on financial risks in the hope of profit”.

-      "Many entrepreneurs see potential in this market".

-      “Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs”.

-       “Someone who starts their own business, especially when this involves seeing a new opportunity”.

To summarize,

1.   1.  Entrepreneurs take the risk.
2.    They target profits.
3.     They start small and think bigger future.
4.     They design and implement the product/service.
5.     They forecast potential in the market.
6.     Strike while the iron is hot.

The challenges of entrepreneurship in India which I see:

1.     It's deep-rooted in some cultures that ‘padhoge toh Naukri karoge, nahi padoge toh business karoge’ (If you study you will do a job, otherwise you will start a business). In an actual sense it’s vice versa when you compare a job, to start a big business you need more knowledge, courage, energy, and patience.

2.     The schools and universities focus more on preparing for jobs rather than business development.

3.     Commerce stream of a college education does have subjects on entrepreneurship, but it lacks practical pedagogy (coaching).

4.     People feel jobs to be secure than Business.

5.     The entrepreneur needs a leadership skill (at least basic WHO advised life skills), which is not part of our regular education.

6.     People are not aware of the support services available for entrepreneurs.
Refer for start-up support details:

1.     Indian government support:
a.       https://inc42.com/startup-101/startup-scheme-indian-government-startups/
b.      https://www.startupindia.gov.in/

2.     Social incubation
https://www.thebetterindia.com/51427/11-social-incubators-helping-indian-social-entrepreneurs-transform-lives/

It was joyful to see the offering of Bounce, you can check the unique features/strategy behind Bounce success.

https://jungleworks.com/3-strategies-helping-bounce-the-on-demand-bike-app-pacing-up-its-growth/

Original stories for budding entrepreneurs:

Leveraging current family business to expand further.

Story 1: How Anil Agarwal took his family business from scrap dealing to the global mining business. (Vedanta Resources Limited- In 2017 revenue of $ 11,550.1 million)
Anil Agarwal was born and brought up in Patna, India. His father Dwarka Prasad Agarwal had a small aluminum conductor business. He studied at Miller High School, Patna. He decided to join his father's business, making aluminum conductors, instead of going to university. At 19, he left Patna for Mumbai to explore career opportunities.
In the mid-1970s, he began trading in scrap metal, collecting it from cable companies in other states and selling it in Mumbai. In 1976, Anil Agarwal acquired Shamsher Sterling Corporation, a manufacturer of enameled copper, among other products. After a while, he decided to control his input costs by manufacturing the metals instead of buying them. Then the story is here, scrap dealer to the miner.
Story 2: Revamp story of hot selling Bullet- Royal Enfield: Siddhartha Lal, a third generation member of the Delhi-based Lal family, promoters of the Eicher group of companies. How he turned 'about to close' brand into a success story.

Share with the young and budding folks.

About the Author:

Maaz Mohammed A.Q, based out of Kolar, Karnataka, India.

Founder and Learning strategist @ Credence Learning Foundation,
Research team member @ Hauna Preschool systems.

Labels:

Popular posts from this blog

Right attitude is a great power (story):

😒A Businessman was deep in debt and could not see any way  out. 😒Creditors and Suppliers were demanding payments. He sat in the park, deep in thought, wondering if anything could save his company from bankruptcy. 👍Suddenly an old man appeared before him and asked, "I can see that something is troubling you seriously". 👍After listening patiently the old man said, "I believe I can help you". 👍👍👍He asked the man his name, wrote out a cheque and put it into his hands saying, 👍"Take this money, meet me here exactly one year from today... and you can pay me back at that time". 👍Then he turned and disappeared as quickly as he had come. 👌👌👌The businessman saw in his hands a cheque for $ 500,000... signed by Warren Buffet, one of the richest men in the world. 👍"I can erase my worries instantly...
Read more

Is Humility the Most Valuable Skill We Can Teach?

- 💡 The Unexpected Lesson: When Seniority Bows to Skill: Last week, I had an experience that didn’t just brighten my day—it reaffirmed the value system we desperately need to cultivate in every learning environment. I stopped by a local learning center where a guest faculty member was teaching. This wasn't just any instructor; he was a highly respected individual, a senior professional with years of corporate experience under his belt. In almost every conventional sense—age, career tenure, general experience—he was superior to me. But there was one crucial connection: I had trained him in a specific, professionally-certified skill that he was currently teaching to his students. He had learned this particular expertise from me. A Masterclass in Humility As I quietly stepped into the back of the classroom, I expected to simply nod and observe. What happened next was a moment I will never forget. The senior faculty member, mid-sentence, spotted me. He immediately stopped the lecture,...
Read more

Beyond Fear: How a Single Attitude Change Unlocks Growth:

  🌟 Open the Door to Opportunity: The Power of a Positive Mindset We often encounter situations that highlight the stark difference between a closed, fearful mindset and an open, positive attitude. The choices we make daily—even small ones—are often dictated by whether we focus on the potential loss or the potential gain. A perfect illustration of this took place in a restaurant. I noticed the owner kept the large front door closed, essentially hiding a valuable marketing display and limiting the shop's visibility. When I asked him why, his reason was simple and fear-driven: "What if people will eat and go without paying?" His focus was entirely on preventing a minor potential fraud cost . The Opportunity Cost of Fear I challenged him to compare that small potential loss (the fraud cost) with the much larger benefit he was sacrificing: the marketing opportunity cost . By keeping the door closed, he was missing out on: ...
Read more

Focus- The secret to High performance and Fulfillment:

 - Click to hear lecture: Summary: Source:  The video is directly linked to youtube and the summary is adopted from the comments section of this video.
Read more

Understanding inner-directed and other-directed focus:

Psychologists tell us that some people are inner-directed and some are other-directed. Inner-directed: That is, some people focus on their own internal guidance system for making choices about how to spend their time and energy. Their own self-interest ranks very high on their list of priorities. “What’s best for me?” is a key guiding principle in determining where they focus their attention and how they make day-to-day decisions. Other-directed: And some people are other-directed, which means that their primary focus is external, not internal. They are primarily concerned with relationships, especially people they care about. “How can I help others?” is a key question in how they spend their time and energy. Building and nurturing relationships with loved ones, family, friends, neighbors, and coworkers is the guiding principle in their lives. Research indicates that, in general, men tend to be more inner-directed, while women tend to be more other-d...
Read more

How to deal with criticism.?

Hearing criticism can be hard, especially in a professional capacity. But learning to deal with criticism is also a very useful life skill.  In a broader sense criticism is the expression of disapproval of someone or something on the basis of perceived faults or mistakes. Criticism can be either constructive or destructive. Constructive criticism is designed to show you where you went wrong, but also help you to improve. Destructive criticism is often malicious, although it can also be the result of thoughtlessness.  Constructive criticism is the process of offering valid and well-reasoned opinions about the work of others, usually involving both positive and negative comments, in a friendly manner rather than an oppositional one. The purpose of constructive criticism is to improve the outcome. You can use both constructive and destructive criticism in one of two ways: as a way to learn, or to reduce your self-esteem and effectiveness. The first is...
Read more

Explore tools to improve your job performance:

 *Why "No" is a Leader's Most Powerful Tool:*   *6 Strategies top performers use to master "No."*   *Saying yes to everything blurs focus.*    *Use these methods to prioritize what truly matters:*   1. *Not sure which tasks matter most?*    ➟ Use the Pareto Principle   ➟ Focus on the 20% that drive 80% of results. 2.  *Overwhelmed by urgent tasks?*   ➟ Try the Eisenhower Matrix   ➟ Prioritize by urgency and importance.  3. *Unclear about your goals?*   ➟ Implement OKRs   ➟ Keep objectives clear and mission-aligned. 4.  *Struggling to prioritize tasks?*   ➟ Apply the MoSCoW Method   ➟ Classify tasks to focus on what counts.   5. *Need data-driven decisions?*   ➟ Use the RICE Scoring Model   ➟ Rank projects by impact and effort.  6. *Want to delight your customers?*   ➟ Explore the Kano Model   ➟ Find features that boost satisfaction.   *Remember:* ...
Read more

Beyond the Clock: Reclaiming Our Most Precious Hours for Family:

 - The sun climbs, painting the morning sky with hues of promise. For many, that daily ascent marks not the beginning of personal pursuits, but the quiet march towards another workday. From **8 AM to 5 PM**, five days a week, the most vibrant, energetic hours of our lives are often exchanged for the steady hum of the office. This isn't just a block of time; it's the very core of our waking, productive selves, poured into tasks and targets that shape our careers, but often leave precious little for the dreams that stir outside the cubicle walls. Think of it. These are the hours when the mind is sharpest, the body most resilient, the spirit most eager. It's when children are at school, when the daylight holds the most potential for outdoor adventures, creative projects, or simply quiet reflection. Yet, for nearly a decade or two, sometimes even longer, this prime segment of our existence is dedicated to the demands of professional life. We arrive, often before the world fully...
Read more

Life is all about adjustment:

 Watch the video: Source: https://youtube.com/shorts/9StYMnwbbG4?si=EcQ_uV7WGQ0FH5pM
Read more