Stark truth about Indian entrepreneurship!!

“In India entrepreneurship is mostly by matter of compulsion and not by choice”.

Sorry, if I am starting my blog with a negative note. Most of you will declare that I am a pessimistic or sadist but "what i have said" is a stark truth about Indian entrepreneurship.

For simplicity let’s classify the situation in scenarios which result in entrepreneurship or rather proprietorship in India:

Type A: Don’t have job opportunity and looking for a temporary option

Type B: Group of people leave jobs /unemployed start a business but some of them still yearn for a good corporate career

Type C: Two or more equally competent persons with complementary skills come together to form a business

Need not to say TYPE C is the best scenario for success of a business. Unless you fall in TYPE C there is very less probability of success .If you fall in first two categories you should try to inch towards ideal situation.

In coming editions, we will discuss some common problems and suggestions to run a small business. Since a good Business plan is most important for any start up, we will discuss the importance of B-plan in business in next post.

In the end, I will like to quote Richard Branson’s success mantra:

· " " Have faith in yourself, Believe that anything can be done , Live life to the full ,Never give up".

Happy Reading Folks!!