Friday, March 24, 2006

Entrepreneurship: A Necessity and Competitive Advantage

Our Economics Prof Mohanty said that probably the only advantage India has over China is its entrepreneurs. While the growth in China is propelled by the govt, in India it is fuelled by its entrepreneurs. And this is more sustainable path of growth.

Luckily, I have come across a number of friends who have started their own line of business. One is obviously Jeetu,the regular commentor on this blog. He has started 2 software companies t different point of time. Then there is my old friend Ajay Gupta who has entered garment business. And then there is my school friend Gaurav who incidentally also has gone into garment exports. And not to forget my wingie Amol at IITB, presi of E-Cell of IITB who has started making small movies. There are a number of other ppl I know who also have done something similar but these 4 examples come instantaneously to my mind.

If you asked me what is distinguishing feature of these ppl well I cannt say. They are just ordinary ppl out to do some extraordinary things. They are just dreamers, dissatisfied with the traditional job-oriented careers. They like to take risks.

Now as I have discussed in previous posts this spirit is much less in IIMites than IITians. But this is understandable. PPL who want to start their own business do immediately after Engg. Those who come to MBA have already decided to enter traditional line of jobs.

As for govt, it should give all possible support, both financially and morally to these budding entrepreneurs. There should be a proper channel of information from where these ppl can know the current business scenario and understand all the help available. The rules and regulations should be simplified and bureaucracy made more helpful nd responsive. In schools and colleges, there should be courses on entrepreneurship and the storybooks should carry stories of famous entrepreneurs. Finally media should also play active role in shifting focus from politicians and B-school salaries to the ppl who have started out on their own.

10 Comments:

Anonymous Anonymous said...

lessss

7:12 AM  
Blogger Jeet said...

Media does cover a lot of start-ups.. Remember Myzus etc. got coverage and got nowhere.. (atleast nowhere mentionable).

And Kabra also made it to front page.. infact I remember reading about these juniors, they did something in thermo.

8:51 AM  
Blogger Vaibhav said...

yup jeetu i do remember reading abt vardhaan in a newsp. But still the media coverage of them is low compared to what is reqd.
Abe tumhara photo kabhi paper mein kyon nahin aaya :-)

1:40 AM  
Anonymous Anonymous said...

This comment has been removed by a blog administrator.

1:40 AM  
Blogger Jeet said...

I feel that media publishes the report when they think the story can be sold to masses..

Mera photo to isliye nahin aaya kyonki hamne kabhi kuch naya kiya hi nahin :D

9:49 AM  
Blogger Jeet said...

http://www.rediff.com/money/2006/apr/01iim.htm?q=tp

FYI

11:05 AM  
Blogger Vaibhav said...

yup jeetu nice read.
do post any other interesting article on entrepreneurs.

8:41 PM  
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