Enter the Entrepreneur!!

You can ask me...who I am....and I will just nod my head.

A wannabe?? I guess, lot many among you will nod with me in agreement...well few may nudge the notion....So lets discuss the word that has smitten me of late...Enter…Entrepreneurship!!



Entrepreneurship is not just a means to innovation, envisioning the impossible, or discovering new methods of productivity. It is, perhaps more importantly, also a fundamental force for change in the world. Year after year, millions of lives are improved as a result of new innovations in information communication technologies (ICTs), the education system, and the world of commerce and politics, to mention a few fields.



Entrepreneurship is a process where one identifies opportunities, gathers resources, and exploits these opportunities through action. Not only is entrepreneurship a response to the changing economic/employment landscape, it is a means for young people to learn necessary social and transferable skills that future employers seek. A young “risk-taker” learns organizational, time management, leadership development, and interpersonal skills through the development and implementation of their ideas.



Moreover, entrepreneurship by young people positive impact on the high youth (17-24) employment rate by creating a “domino effect” where, innovation creates jobs, youth entrepreneurs hire youth, increase of competition by these fledgling companies have a positive effect on the market, young entrepreneurs may be more responsive and receptive to new opportunities and trends, seeing their ideas turning into a product/service leads to great self-satisfaction, worth and confidence.



With all of the above advantages to youth entrepreneurship, one would obviously ask why there exist few young entrepreneurs with exciting “start up” companies? The answer often thrown across is --lack of capital. They say, the lack of capital is the largest constrain on the young entrepreneur. Few financial institutions are willing to loan money to a young person armed with an exceptional idea and a copious amount talent alone. Note that this does not mean that private and public institutions should hand out money to any person who wants to start their own business. A more soft policy may have positive effect such as allowing private donations (that are tax deductible) to be channeled through a not-for-profit institutions who’s objective is to advocate youth entrepreneurship.



On a personal note, I feel that its not just the Lack of capital that holds the GenNext back, rather the lack of proper temperament and ideology is what culminates into that refrained mindset of ours.

I have closely watched people shooting themselves into the risky yet enthralling new world of self reliance, a whole new world of functioning.

So someday we will really see it well formulated career path along the lines of the so called existing ones….the hope remains!!!



To end it on a relevant….or rather not so relevant note…I would quote Mr. Anonymous on this who said:

“Entrepreneurship is the last refuge of the trouble making individual.”



P.S: The author had taken a long sabbatical from blogging due to very weird reasons and is happy to be back on the "Ever Lively Space"....May Lord bestow some peace of mind on the readers now;)