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Sunday, July 18, 2010

Entrepreneurship - A fad?

As much as we talk about Entrepreneurship and SME’s being the future of our country (India), we view it more as a transition tool for us to move from being a developing country to one that is a modernized superpower in all aspects, I’ve started to notice the fad of Entrepreneurship is catching on...
Recently, I had the privilege to meet with one of India's leading Entrepreneur lecturers and discuss the same at great length, the current situation and the way forward. 
With a huge list of accomplishments to her name, she has been an Entrepreneur herself several times over. She has previously worked in MNC’s across all inhabited continents. From the last couple of years she has been teaching Entrepreneurship in top B-schools all around the world. She has also set up Entrepreneurship cells in colleges across India. She  dreams of making every Indian an Entrepreneur... This was quite clearly a amazing  opportunity for me to understand and learn Entrepreneurship for the best in the industry.
One of the first things she mentioned to me about her Entrepreneurship classes was that 
students as per their course are required to make business plans and share their ideas to get critical views and perspectives..
As she splits the class room in groups of four to discuss and share and analyze ideas, none of them interestingly, want to share.  Entrepreneurs do not share their ideas with each other, but are ready to share only in person with her.
Personally, i'd attribute this lack of willingness to share to insecurities that their idea may be stolen, or someone else might better their vision n bear the fruit of it. But the fact of the matter is that Entrepreneurs cannot afford to be in comfort zones and shy away form the reality and themselves.Entrepreneurs by design need to be trailblazers and create a path and leave the trail behind.
Another interesting point she mentioned was in her experience of analyzing business plans (she reviews more than 50 business plans a week) and meeting Entrepreneurs only less than 50% of Entrepreneurs (who contact her for mentoring ) actually submit their business plan and only a very very small percentage of Entrepreneurs actually start work off the drawing board. 
This is why I strongly feel and believe that Entrepreneurship today for most people today is turning out to be a fad to be a part of the “In Crowd”.
She has also added that most of the ideas that she has heard about are mostly just USP’s on already existing concepts and business. We both agreed that agreed that the way forward for Entrepreneurship and brand “India” is not USP’s but thought provoking, game changing revolutionary ideas.
On my part, I would sincerely like to urge to our fellow brothers and citizens to take the first courageous step and the leap of faith to unlock their true potentials and be the cause in bringing new  magical revolutionary ideas.
 Always keep in mind “Aiming Low is a Crime” - Dr.APJ Abdul Kalam.
I would love to hear your thoughts on this post,leave your comments below or feel free to contact me jayawanthvishesh@gmail.com.

A big shout out to Miss. Supriya Ghorpade for helping me post this!



Dreaming is Believing



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