Ready for Entrepreneurship

The qualities pre-requisite for entrepreneurship are determination, perseverance, ability to take risks and work hard. These qualities combined with good ideas lay down the path for success. 

Are you wondering that you have to start from the beginning – might be from a small place? Still thinking whether to go ahead or not? Don’t give it a second thought. Do you know Micro, small and Medium Enterprises (MSME) provides world’s 50% of employment. In India, this sector employs 40% of the workforce, approximately 106 million people. The small scale business contributes to:

• Manufacturing output – 45%       
• Country’s export – more than 40%
• Country’s GDP – Approx 29%

More recently, Indian Government has come out with many ideas to ease the economic slowdown.  such as,

• Allowing Corporate and Private Players to collaborate with MSME, this was banned earlier.
• Schemes like Zero Defect Zero Effect, Credit Linked Capital Subsidy Scheme and many more.​

Seems like government is also focusing on small and medium enterprises at the present scenario.

On the top all said above, there are many advantages of being an entrepreneur:

1. Don’t need to follow the 9 to 6 time table, once can schedule his/her own.
2. No fear of being fired or layoff.
3. One can exploit his/her own creativity  
4. Financial freedom 
5. Socializing with people of high calibre, - which further helps in revenue generation 
6. Taking pride in something worthwhile one has created.  
7. One will learn other skills to take business to  the next level like writing, marketing, managing etc.
8. One will have full control over the company's profit and give direction on utilization of amount. 
9. Tax rebates.​

If you are bored of 9 to 6 jobs or working in shifts. Take the bold path of entrepreneurship, intrigued with creativity and enthusiasm. ​

All the above stated factors give the hint that small business going to play major roles in upcoming years. With the ease of digitally transferring money and many ideas to work on, India at this is a hot boiler for the upcoming small ventures.