Saturday, April 24, 2010

Entrepreneur !?.

The early history of entrepreneurship in India reflects from the culture, customs and tradition of the India people. To process of entrepreneurship therefore passed through the potential roots of the society and all those who accepted entrepreneurial role had the cultural heritage of trade and business. Occupational pursuits opted by the individual under the caste system received different meaning of value attached to entrepreneurship. This is based on social sanctions. Vaishyas are considered to venture in to business pursuits. As society grew and the process of business occupation depended and the value work tended towards change and the various occupational role interchanged with non-role group and sub-groups. People from different castes and status also entered into the entrepreneurial role. India needs more Entrepreneurs for its development so let’s understand the meaning of Entrepreneurship

The word “Entrepreneurship” is a French word and, literally translated, means “between-taker” or “go-between”, But in Indian context “Vyapaari” or “Dhandhadaari”.

I must say that “Entrepreneurship is not the proprietary quality of any caste or community. Many may possess the qualities, but are baffled with too many questions why, what and how to get about starting new venture.” Let’s try to understand the concept of entrepreneurship.

So, who does be an entrepreneur? I would say person who makes activity which can generate money by anyway. I read somewhere that if he or she wants to earn money, so they have to need a skill to earn, if you have that art you are an entrepreneur. It may you work with your personal business or work in any organization.

One day my friend come to me and asked me, “how will I become successful entrepreneur in a life?” I replayed to him that by become selfish person, develop good story creating skill (so you can communicate very well with people) & play a roll as good player (leader & manager). After that His face looked like childish, and he asked to me that why you say that become selfish person & good story teller. I explain to him through my experience. Because of become selfish people, if you are not selfish toward your self, goal, work, investment, etc… you can not become a successful entrepreneur.

o He is a person who develops and owns his own enterprise.
o He is a moderate risk taker and works under uncertainty for achieving the goal.
o He is innovative.
o He peruses the deviant pursuits.
o Reflects strong urge to be independent.
o Persistently tries to do something better.
o Dissatisfied with routine activities.
o Prepared to withstand the hard life.
o Determined but patient.
o Exhibits sense of leadership.
o Also exhibits sense of competitiveness.
o Takes personals responsibility.
o Oriented towards the future.
o Tends to persist in the face to adversity
o Convert a situation into opportunity.

o Need for achievement
o High need for power
o Independence
o Propensity to take risk
o Personal modernity
o Supporter
o Business enterprise
o Leadership

According to Mr. Schumpeter “The entrepreneurship is essentially a creative activity or it is an innovative function”.

Sociologists, Psychologists and Economists have all attempted to give a clear picture of the entrepreneur. Sociologists analyze the characteristic of entrepreneurs in terms of caste, family, social value and migration.

Psychologists on the other hand attempt to isolate entrepreneurs from general population on various personality trials such as need for achievement, creativity, propensity to take risk, independence leadership etc.

Economists, lighted situational characteristics such as occupational backgrounds access to capital business and technological experience and managerial skills with economic gains considered as characteristic of entrepreneur.

As entrepreneur by implication is one who ventures out, who prefers change as a means of growth and it the process is prepared to take a calculated risk while taking risks he is aware of the possibilities, success as well as the consequence of failure.

Choosing entrepreneurial career is like choosing a life partner. The person has to be there in the job forever and may have to continue in that chosen line for generations to generation and grows in this process if it is matching; if it mismatches it goes the other way round.

Considering this aspect he should always be governed by three basic qualitative instincts to serve in the world of uncertainty. These are – (1) Will, (2) Zeal, and (3) Skill.