Entrepreneurship- The Mega Opportunity for all!

/ By / 72 Comments / Business

Entrepreneurship is always going to be a great career move! It will be a source of a happy, remunerative engagement option.

Seize the untapped potential

There are so many possibilities! You can be a Corporate Entrepreneur, a Social Entrepreneur, and/or join your Family Business! You may be itching to start a new venture from scratch in domain areas like education, healthcare, training & skill enhancement, and many more! It could be virtually any sector that creates positive vibrations in you. 

There are numerous ways to get engaged with your business, all at your convenience. Like most people, you can work full-time, part-time, or organize such a model where you simply invest but stay away from day-to-day business operations.

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What gets me thrilled about entrepreneurship is that there is no barrier to entry. Tech enthusiasts can become “TECHNOPRENEURS,” middle-aged mothers with semi-independent children can become “MOMPRENEURS”, educators can become EDUPRENEURS, and so on. There are endless opportunities since the vast ocean of entrepreneurship will always have uncharted spaces to explore. You can build a viable business around any one idea which you like or love!  

Above all, I get excited about the young graduates (irrespective of their specialization) jumping in headlong into the foray of entrepreneurship or intrapreneurship. It is great if you are from a business family and are either interested to expand the family business or keen on marking your own identity with an independent venture of your own.

Frankly, I would even include the non-graduates and “not so qualified” individuals. Someone who is neither qualified nor has a family business to fall back on can also opt for entrepreneurship. They will have to start small, taking baby steps, and growing slowly in stages by adding various modules to their basic business idea – one by one. 

Although anyone can become an entrepreneur, a small percentage of the population build the resolve to work on their business idea while the vast majority becomes employees. There is nothing good or bad or right or wrong about this. It is just the way it is! Indeed, we need both entrepreneurs and managers (employees) to perform complementary activities and contribute to the growth of an economy. 

According to me, Entrepreneurship is a willingness to take risks both personal and financial in a calculated manner to ensure that the odds remain in your favour!

Here’s my advice!

For students:

  • If you are coming out of your colleges or universities, you must give a fair chance to entrepreneurship. You could have a stable plan of working for a few years, accumulate some money, gain relevant experience, and then try to stand on your own feet.
  • Alternatively, you can go for your business straight-away without working for any organization. Both options have their merits and demerits.

For the Professionals:

  • If you already boast of a professional degree, start with a full-time job with a reputed business organization. This kind of beginning is popularly known as the ‘corporate entrepreneurship’ model. Here you lead a stable, financially independent life earning and learning at the same time. After you have done this job for about 5 to 7 years – you can talk to employers for feedback and their impression of you. More importantly, you can negotiate your long-term association with them. Such discussions can often open doors for a more lucrative future for you. You may be offered better incentives, commission on sales, profit sharing, E-SOPs and even an opportunity to head an independent business unit or branch as an intrapreneur!
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Being an intrapreneur as we all know, means working as an entrepreneur where you have no investment and share zero risk. 

For the underqualified:

  • If you are the son/daughter of a businessperson but do not have the benefit of good education or exposure, you can safely opt for the family business. What you could also do is start a new business with suitable support and linkages from the parental business. As you go along, you can also do some part-time courses and acquire additional skills needed for your business! 

 

For the Unemployed:

If you are moderately qualified and cannot secure a great job, there is no point in going for a job that only makes your ends meet. Whereas many may think that such persons are not so lucky – my feeling is exactly the opposite. It is like having a blank slate and writing your destiny – remembering all the times that sky is your limit!

What should you do?

Photo by Olya Kobruseva on Pexels.com
  • Start your own business right away and build the dream business module by module, slowly and in stages.
  • With a small capital in form of equity raised from your parents, family, friends and by working part-time or through crowdfunding etc.
  • Avoid taking secured loans from banks or DFIs till you learn the art and science of earning and handling money.
  • Work on 100% equity (with few unsecured loans from family, friends, credit cards etc.) for a period of 12 to 18 months. Then go for financial assistance from banks and DFIs.
  • Try to gain ongoing support from a professional well-wisher (ideally a formal paid mentor with payment linked to enterprise sales turnover). This will act as a check valve and prevent the business from suffering bad decisions, ill-informed actions and inappropriate strategies! 

If this excites your imagination, send me an e-mail on info@kktandon.com and we shall take it forward from there.     

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72 thoughts on “Entrepreneurship- The Mega Opportunity for all!”

  2. Sriansh Mishra

    Sir, your blog is amazing, you have really shared some great insightful pieces of information! Looking forward to read more of your articles.

    Reply
  3. Sriansh Mishra

    Sir your blog is amazing, you have really shared some great pieces of insightful information! Looking forward to read more of your articles.

    Reply
      1. Shruti Joshi

        Such an amazing blog for all readers specially those who are confused of where they stand and what they want to pursue in near future. You are an inspiration and have always been guiding and building our confidence. Thank youu Kapil sir, found this very relatable and brought a lot of clarity in my mind.

        Reply
  6. Ruchin Mehrotra

    Beautifully written Phupha ji..You r a source of inspiration to me. Looking forward to many more such posts coming up…. Congratulations

    Reply
      1. kashmiretushar2

        It’s really a great content Sir, from last couple of days, I was confused between accepting an Job offer or being an entrepreneur, but with the help of your article I have got a answer to my confusion.

        Thank You and Best of Luck!!!!!

        Reply
      2. Ramasubramani R

        Very motivational and gives us a confidence to stand on our own feet, irrespective of were we are standing right now. Looking forward to listen more words from you sir.

        Reply
    1. Kapil Tandon

      Snehal – you can not achieve any worthwhile goal in life unless you pursue it with compelling passion coupled with dogged determination…..Thanks for writing to me…..please keep reading this blog….

      Reply
  10. Sonali Iyer

    Kapil sir, your blog is a great source of information, knowledge and motivation to me. I found it very inspiring. Looking forward to reading many more articles like this…

    Reply
  14. Abhinav Sharma

    Sir, your article is awesome. You really published some nice pieces of useful stuff! I eagerly await more posts from you.

    Reply
  15. Megh Dedhia

    Excellent Blog Sir. I really got some great interesting stuff here and I am very curious to read some more of them.

    Reply
  16. Siddharth Singh

    What a fantastic and nuanced article, it covers almost all relevant aspect on the subject. very well done, sir.

    Reply
  19. Saleha Butt

    I’ve been in two minds since months: to secure a job or to go for my dream to start a restaurant. In either ways, education never goes wasted but the right timing matters and your article beautifully gave relevant information and motivation to whoever read this article.

    Reply
    1. Kapil Tandon

      If you still have the confusion about preparing your success blueprint.for life, go to the CONTACT ME section of my blog and write me a mail. Then I can address your concerns…

      Reply
  20. Unnikrishnan Nair

    In this article, Kapilji has beautifully summarised the various options for different segments – students, stay at home Moms or working people. I’m sure this will help many people formulate a suitable approach with these insights. Looking forward to more such articles!

    Reply
  22. Rohit Mehrotra

    Sir, reading this blog is really helpful and informative specially for those who have suffered during this pandemic…! LOOKING AHEAD FOR MORE LEARNING EXPERIENCES FROM YOU.

    Reply
  24. Rupal

    During this time of advancement of techno world, your article indeed was a good help for us youngsters to carve our path properly, thank you sir for sharing this article with us.

    Reply
  27. Varsha Jain

    Rightly put into words, sir, your experience shall help us youngsters grow and deliver to the outside world in a better way. Loved reading the article. Looking forward to read more piece in the coming time.
    Best wishes!

    Reply
    1. Kapil Tandon

      I am sure that your wish will come true one day. You are going to stand on your own and realise your full potential in next 2 years or so….please do tell me in case you require any help…

      Reply
  31. Priyal Jain

    I’m glad, I took the decision to read your fabulous blog first thing in the morning.
    it’s really helpful, did create positive impact on me and I love the advice you gave to all of us.
    You inspire me.
    keep posting, I will be a regular reader now.

    Reply
    1. Kapil Tandon

      Congratulations on your decision to engage with my blog on regular basis. This will certainly open doors for you to a brighter future….please call me on phone if you ever need any help. Thanks for your lovely message….

      Reply
    1. Kapil Tandon

      Appreciation from ex – students (now friends) like you keeps me going. This raises the bar of performance for me and provides much needed motivation. Gagan – btw, you can also follow me on fb, Instagram, LinkedIn, and Twitter where I am posting short quick to read posts atleast 3 to 4 times a week. I am sure you will enjoy these. Regards…

      Reply
  33. Ankita Srivastava

    Very Useful article sir. I am sure everyone can get himself/herself fit in entrepreneurship and can go ahead with more clarity by the help of the advises given in this article….. Thanks for sharing your wisdom. Please do share more!!!

    Reply

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