About
Definition
“The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” ~Peter Drucker Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business, and the people who create these businesses are called entrepreneurs. Entrepreneurship has been described as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit". While definitions of entrepreneurship typically focus on the launching and running of businesses due to the high risks involved in launching a start-up, a significant proportion of businesses must close due to "lack of funding, bad business decisions, an economic crisis, lack of market demand—or a combination of these.Career Path
Colleges
- Amity Business School, Noida, Noida
- Indian Institute of Entrepreneurship, Guwahati, Guwahati
- Indian Institute of Entrepreneurship, Management and Technology, Mumbai, Mumbai
- Indian Institute of Management (IIM), Bangalore, Bangalore
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai, Mumbai
- National Institute for Entrepreneurship & Small Business Development (NIESBUD), Delhi, Delhi
- Nirma Institute of Management, Ahmedabad, Ahmedabad
- S.P. Jain Institute of Management & Research (SPJIMR), Mumbai, Mumbai
- Symbiosis Centre for Distance Learning, Pune, Pune
- Xavier Institute of Management & Entrepreneurship (XIME), Bangalore, Bangalore
Top Colleges
Key Skills
Career Prospect
- Small Business Owners
- Business Consultants
- Business Reporters
- Fundraisers and Development Officers
- Sales Managers
- New Venture Developers
- Teaching/Faculty
Scope
- Own Business
- Jobs in different industries
- Business Analyst
- Business Consultant
- Business Reporter
- Marketing Manager
Pay Package
- Sky is the limit to what an entrepreneur can earn! A combination of creativity and hard work can take a person who did a course in entrepreneurship to new heights. The initial salary can be around ₹18,000 to ₹50,000 per month, but this figure can increase depending upon the efforts put in.
Role Models
Anand Mahindra
Anand Mahindra- He is the chairman of Mahindra Group, a Mumbai-based business conglomerate. Hailed as 'The Federator' by Forbes (India) Magazine, Anand Mahindra started his career at Mahindra Group with Mahindra Ugine Steel Company Ltd. He was included by Fortune Magazine among the 'World's 50 Greatest Leaders' and was featured in the magazine's 2011 listing of Asia's 25 most powerful business people. Anand was noted by Forbes (India) as their 'Entrepreneur of the Year' for 2013.
Azim Hashim Premji
Azim Hashim Premji- He is an Indian business tycoon, investor, philanthropist, and the chairman of Wipro Limited. He is informally known as the Czar of the Indian IT Industry. He has twice been listed among the 100 most influential people by TIME Magazine, once in 2004 and more recently in 2011. Premji owns 73% percent of Wipro and also owns a private equity fund, Premji Invest, which manages his $2 billion worth of personal portfolio. He is currently the second richest person in India with an estimated net worth of US$19.5 billion as of November 2017. In 2013, he agreed to give away at least half of his wealth by signing The Giving Pledge. Premji started with a $2.2 billion donation to the Azim Premji Foundation, focused on education in India.
Further Readings
- http://www.iimb.ac.in/sites/default/files/FPM-AdmissionProcess-2018.pdf
- http://disabilityaffairs.gov.in/content/page/pre-matric-and-post-matricsscholarship-for-students-with-disabilities.php
- https://www.ugc.ac.in/rgnfst/
- https://scholarships.gov.in/public/schemeGuidelines/MoHA-(WARB)-RevisedGuidelines_PMSS(MHA).pdf