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

この蚘事は Business World India の 20 May 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Business World India の 20 May 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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