Entrepreneurship is all about taking the first step and implementing them.
Take Risks, evaluate and learn.
One of the most important part in evaluating a business idea is its scalability.
Focus on developing assets for the company. i.e. – Think long term.
Provide quality products and services to the customer.
Learn to use internet. It will transform your business
Choose your Associates smartly.
The traditional set up is changing. The transformation of social fabric of the Indian society, in terms of increased educational status of women and varied aspirations for better living, necessitated a change in the life style of Indian women. Indian families do have the privilege of being envied by the westerners, since women here are taking more responsibilities in bringing up children and maintaining a better home with love and affection. At the family level, the task of coordinating various activities in a much effective manner, without feeling the pinch of inconveniences, is being carried out by the women folk.
Thus, the Indian women have basic characters in themselves in the present sociological and cultural setup as follows. Indian women are considered as Sakthi, which means source of power.
Effectively coordinating the available factors and resources.
Efficient execution of decisions imposed on them
Clear vision and ambition on the improvement of family and children.
Patience and bearing the sufferings on behalf of others and
Ability to work physically more at any age
NEED OF THE HOUR: Women sector occupies nearly 45% of the Indian population.
The literary and educational status of women improved considerably during the past few decades. More and more high educational and research institutions are imparting knowledge and specialization. At this juncture, effective steps are needed to provide entrepreneurial awareness, orientation and skill development programmes to women. The institutions available at present are very limited. Moreover, their functions and opportunities available with them are not popularized much.
Basic qualities, which can be listed as follows[/b][/b]
Innovative thinking and farsightedness
Quick and effective decision making skill
Ability to mobilize and marshal resources
Strong determination and self confidence
Preparedness to take risks
Accepting changes in right time
Access and alertness to latest scientific and technological information
Matching the basic qualities required for entrepreneurs and the basic characters of Indian women reveal that, much potential is available among the Indian women on their entrepreneurial ability. This potential is to be recognized, brought out and exposed for utilization in productive and service sectors for the development of the nation.
ACTION PLAN: Proper planning and execution are required at all levels. Proper training in right direction is to be planned meticulously.
The steps to be taken can be listed as follows:
-- identifying women with different literary levels in proper groups and to create awareness about entrepreneurship and its importance as job providing avenues rather than job seeking ventures.
-- Skills to be provided to selected women group are to be identified.
-- making them to realize the income generation and social status and recognition
-- giving orientation and skill training on selected trades on their choice and suitability
-- assisting them in preparation of project reports for their own proposed units and helping them to follow up the venture to start the new enterprise
-- providing consultancy and guidance, continuously
A training capsule of around 15 days may be provided by expert institutions, voluntary agencies and Govt. departments. The financial resources are to be mobilized to provide this type of programmes, by the government organizations like banks, public sector organizations and voluntary agencies.
The higher education institutions, which are spreading throughout the country, may conduct programmes like this, regularly, in addition to their academic programmes, with or without govt.aid. Young graduates of that area and the final year students of U.G/P.G courses may also be provided with such training. Normally, infrastructures are available with such institutions. Getting expertise and mobilizing other requirements will also be easier for such institutions, since they are already having good establishment facilities.
Voluntary agencies like Rotary clubs, Lions clubs, and etc.Govt. sponsored institutions like UGC, Science and technology Councils may interact with the colleges/universities, through financial assistance, to carry out the programmes.
With proper financial assistance and effectively using them, each college/university may train 300 to 1000 youths, in the area of entrepreneurship development. When women are going to be the target groups, the benefit will reach a larger section of the society.
The essential components of such training may be listed as follows.
Awareness, career building and attitudinal change towards enterprise formation
Effective training on building up self-confidence and communication skills
Skill training on specific trades suitable to their option
Training on quick and effective decision making techniques and managerial skills
Training on marketing strategies
Training on effective financial management
Training on project formulation and implementation
Scope for increasing access to new technologies and scientific knowledge
Information on persons/offices to be contacted
Interaction with successful entrepreneurs for sharing their experiences
The most obvious form of entrepreneurship is that of starting new businesses however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity. When entrepreneurship is describing activities within a firm or large organization it is referred to as intra-premiership and may include corporate venturing, when large entities spin-off organizations.
Entrepreneurial activities are substantially different depending on the type of organization that is being started. Entrepreneurship ranges in scale from solo projects to major undertakings creating many job opportunities. Many "high value" entrepreneurial ventures seek venture capital or angel funding in order to raise capital to build the business. Angel investors generally seek annualized returns of 20-30% and more, as well as extensive involvement in the business. Many kinds of organizations now exist to support would-be entrepreneurs, including specialized government agencies, business incubators, science parks, and some NGOs. In more recent times, the term entrepreneurship has been extended to include elements not related necessarily to business formation activity such as conceptualizations of entrepreneurship as a specific mindset resulting in entrepreneurial initiatives.