FROM JOB SEEKERS TO JOB GIVERS
Business World India|20 May 2023
ENTREPRENEURSHIP IS FUNDAMENTALLY ABOUT problem-solving. Entrepreneurs have started ventures that have significantly changed how we communicate, live, move, and access healthcare, among other things.
Suresh Bhagavatula
FROM JOB SEEKERS TO JOB GIVERS

Some of these ventures have survived and grown to become large corporations, while others have failed. For instance, it is said that there were 3,000 automobile companies in the early 1900s in the USA, many of which were in people’s garages. However, this number quickly reduced to only a few a couple of decades later as most of these ventures failed.

The world we live in, with the higher quality of life that we experience compared to the nobility of the past, is all due to entrepreneurs’ efforts over the last hundred odd years. India was a bit different – for many decades entrepreneurship was stifled due to the license raj, and only those with connections could obtain licenses to start their ventures. However, this changed due to liberalisation.

Two Waves of Entrepreneurship

Since India liberalised, there have been two waves of entrepreneurship. The first was in the 90s and early 2000s, which built on the cost-arbitrage of talent as the underlying business model.

The second wave of entrepreneurship, starting in 2007, was more akin to the larger accepted construct of entrepreneurship across the world. However, many companies still copy successful business models from China and the West that focus on valuation, not unit economics. With the funding winter, only those with superior business models will survive. However, there has been a silver lining in the growth of unicorns – these entrepreneurs have become popular subjects in the media.

Entrepreneurship As a Career Option

Diese Geschichte stammt aus der 20 May 2023-Ausgabe von Business World India.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der 20 May 2023-Ausgabe von Business World India.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS WORLD INDIAAlle anzeigen
MEMORIES & IMPRESSIONS
BW Businessworld

MEMORIES & IMPRESSIONS

Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.

time-read
3 Minuten  |
October 19, 2024
The Robotaxi Market
BW Businessworld

The Robotaxi Market

The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.

time-read
1 min  |
October 19, 2024
And the Nobel Prize Goes to AI
BW Businessworld

And the Nobel Prize Goes to AI

The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.

time-read
1 min  |
October 19, 2024
Ola Electrified
BW Businessworld

Ola Electrified

Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.

time-read
1 min  |
October 19, 2024
Sharp Slide in Industrial Output on Eve of Deepavali
BW Businessworld

Sharp Slide in Industrial Output on Eve of Deepavali

India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.

time-read
1 min  |
October 19, 2024
Heralding the Solar Era with Sustainable Electrification
BW Businessworld

Heralding the Solar Era with Sustainable Electrification

RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more

time-read
2 Minuten  |
October 19, 2024
A WELL-GREASED MACHINE
BW Businessworld

A WELL-GREASED MACHINE

The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar

time-read
4 Minuten  |
October 19, 2024
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
BW Businessworld

DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH

For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh

time-read
7 Minuten  |
October 19, 2024
Disruption Ahead: Beyond Organisation Charts and Structures
BW Businessworld

Disruption Ahead: Beyond Organisation Charts and Structures

ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.

time-read
3 Minuten  |
October 19, 2024
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
BW Businessworld

Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment

We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.

time-read
2 Minuten  |
October 19, 2024