THE ENTREPRENEUR’S SPIRIT IN THE NEW GLOBAL ECONOMY

THE ENTREPRENEUR’S SPIRIT IN THE NEW GLOBAL ECONOMY
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THE ENTREPRENEUR’S SPIRIT IN THE NEW GLOBAL ECONOMY

‘Entrepreneurship’ is an art which can be performed only by true hustlers who realize the potential of this era of drastic technological advancement, it is the art of running single or multiple businesses while taking a large degree of risk in the hope of future profits. Say for example the entrepreneurship ecosystem in an emerging superpower like India has produced many successful entrepreneurs like Ritesh Agarwal (Founder of OYO Rooms), Sriharsha Majety, Rahul Jaimini, Nandan Reddy (Founders of Swiggy), Narayana Murthy( Founder of Infosys), Anand Mahindra(Founder of Mahindra Group) and many more of these adroit minds have employed great business ideas in this growing ecosystem which has influenced young minds aged as low as 15 and 16 years, such as the two siblings hailing all the way from Chennai, India who have created an application named Go Dimensions, to create simple solutions for this growing competitive digital world.

Does the youth have a true passion for entrepreneurship?

The young generation of the 20th century born with electronic gadgets in their hands have many interesting, ‘out of the box’ and viable business ideas that have a great potential in today’s worldwide market but unfortunately these  explicit ideas are forgotten the next day. If these were implemented in the right manner could have positively benefited the lives of millions of people in a day.

How can an aspiring entrepreneur find his/her way towards the entrepreneurial ecosystem of creative, progressive and innovative individuals?

THE ENTREPRENEUR’S SPIRIT IN THE NEW GLOBAL ECONOMY

Have you heard of an online app which can provide valet parking services for cars anywhere in the city?  Or an online app that provides A-Z information to university students such as best hostels, food messes, famous entertainment destinations of the city for the youth, etc.?

THE ENTREPRENEUR’S SPIRIT IN THE NEW GLOBAL ECONOMY

Now a question might arise in young ambitious minds, this being that can entrepreneurship only be seen from a business perspective? No, entrepreneurship can also be seen as providing a solution to a problem that is faced by millions of people in their daily life through an idea which creates a win-win situation for all the parties involved and one which can disrupt an industry as well. Many entrepreneurs have created successful start-up businesses by implementing ideas which solves problems that they themselves (entrepreneurs) faced in their respective lives.

A very appropriate and suitable example to support the above is of the accomplished and inspiring personality, the Founder of Uber.

THE ENTREPRENEUR’S SPIRIT IN THE NEW GLOBAL ECONOMY

Mr. Travis Kalanick the founder of Uber who planned with patience but executed with impatience. This profit-making idea was born on one winter night when after the annual tech conference that Travis Kalanick and his fellow friend Garrett Camp attended in Paris in 2008 were unable to get a cab back to the hotel. At this moment Travis got this idea of creating a multinational transporting network which offers many other services other than providing taxi rides to the public. When he returned back to San Francisco, he continued to be determined on the implementation of this stunning idea.

 

 

What would be a successful entrepreneur’s daily routine and habits that they formed to climb the ladder of success in this competitive fast paced-world?

THE ENTREPRENEUR’S SPIRIT IN THE NEW GLOBAL ECONOMY

THE ENTREPRENEUR’S SPIRIT IN THE NEW GLOBAL ECONOMY

Life Story and Failures Combated

Jack Ma, an exceptionally brave and creative minded entrepreneur who revolutionized the Chinese economy by blending in an element of technology and with the use of internet, Mr Jack Ma took his company Alibaba to unconventional heights and succeeded in his highly impressive entrepreneurial journey. But behind this journey of this he certainly did face many hurdles he was unfortunately rejected by Harvard University 10 times, studied in a teaching college which was considered the lowest grade college in his city and then was employed as an English teacher with an income of only 12$ a month. By implementing the greatest of all E-commerce idea that was refused to be funded by the Silicon Valley. Not being deterred by his failures he proved himself to be the paradigm of determination and hard work. Mr Jack Ma’s story is certainly the most finest story of rags to riches.

THE ENTREPRENEUR’S SPIRIT IN THE NEW GLOBAL ECONOMY

Life Story and Failures Combated

Mr Ritesh Agarwal, an exceptionally talented mind and an inspiration for all the aspiring youth, having a net worth of 2,600 crores just at the age of 24. Hailing from Orissa where his family had a small shop. He was not interested to go to college as he believed he would not be that academically inclined in his college life and decided to set out to settle in a metropolitan city and he began his journey of his entrepreneurship with complete determination by first providing services such as advertising then he worked with guesthouses helping them advertise online and worked day and night to standardize the experience that would help that guesthouse a lot. He would then struggle as engineers were not ready to join his startup as they would think it was a real estate business. Once he went to Bangalore to explain engineers this tech business and then encourage them to join his startup. But this struggle and legal hassles led to his success in the entrepreneurial ecosystem of India, his startup being the first non-American company that the internet copied in the form of Zen rooms. With his sheer grit and perseverance he was able to overcome all the odds and achieve unprecedented success.

FOCUS and CLARITY is the key to implementing a great startup idea!

Also after being fascinated by the two entrepreneurial journeys shared above we need to realize the amount of  hard work that has been put in by them to get the desired output because as said by one of the startup millennials, Steve Jobs, that “ I’m convinced that about half of what separates successful entrepreneurs from the non-successful one is pure perseverance”. Even after a great business idea strikes your mind, the investment, business plan, a like-minded business mentor and a great team are a must to continue your way towards the entrepreneurial ecosystem.

As we can infer, each and every individual has the inherent potential to actualize their dreams and ideas to achieve great heights of success in their entrepreneurial journeys, we only need to plan ahead and never lose sight of our goals.

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