Entrepreneurship as a career option comes into its own

While the financial success and leadership position of Narayana Murthy and many others of his ilk from the technology industry is widely talked about there is one more far-reaching impact they have had which is not that equally hyped. Pre-their success, entreprenuership in the business context was primarily a family bastion and the reserve of springs and offsprings of existing businessmen and traders. The professionals and professional managers were conditioned to believe that their wont is to do a job and do it well and being the ultimate master of their own destiny is not an option at all.

All entrepreneurship is truly global in some sense

Running a beach resort in the Caribbean – is your entrepreneurship local or global? Well, my premise and strong conviction is that at some level and in some sense all entrepreneurship however local is truly global. Sounds surprising, here is why I believe so strongly:

Challenges facing an entrepreneur

Picking up from where I left in the last article, there are three more key challenges facing an entrepreneur today.

Patience to wait for the right time/opportunity
One of the learnings shared by seasoned and successful entrepreneurs is that start-ups cannot afford to pass on any opportunity, no matter how small. One needs to see business much like a game of PacMan, you can bag big fish only by learning to swallow small ones. The biggest advantage of starting small is that it allows you to find out what the industry and market is all about and make mistakes when one can still afford it.