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The most famous personalities or rather assets in the entrepreneurial world– Bill Gates, Jeff Bezos, Warren Bufferr, Bernard Arnault, Mark Zuckerberg, and many others. We all are familiar with these names as they are – Top Giant Players. Integration of strategic mindset, managerial skills and perseverance uplifted them as one of those successful entrepreneurs in the world.
Most people follow top entrepreneurs as an ideal person in their self-life and also consider them as their role models. However, having only an ideal person, making a few dreams and aspirations are not – preferable action for an entrepreneur.
An entrepreneur should be doer more than a dreamer.
In this futuristic world, entrepreneurship has immense opportunities. For the last 10 years, there has been a growth of entrepreneurs between the age of 25 to 40 years. If we have a look at the entrepreneurial world, it will make us astonish with its rich and high-end developments. Moreover, it will lead us to be a successful entrepreneur in life.
A World Full of Entrepreneurs
In the economic world, entrepreneurs have occupied major part with their influences and led their entrepreneurial world to a new height. Uganda has ranked in the first position in entrepreneurial activities, followed by Thailand, Brazil, and Cameroon. In Uganda, a massive 28.1% of the population are entrepreneurs. They are more trained than ever before with different private, specialised, trainers available worldwide. Thailand used to follow a certain strategy–
Each and every time a risk is taken, there is a possibility of some returns in the future.
In Thailand, 16.7% of the total population work for themselves and transportation is the biggest active sector of the Nation. While taking a suspicious look at Brazil, significantly half of 13.8% of entrepreneurs are women. With food and service industries, predominantly 13.7% of the population are self-employed in Cameroon. The incentive approach taken by the US in 1990s followed by Campus Entrepreneurship Awareness and Motivational Programmes helped in flourishing many entrepreneurs with the hope of a new business world of opportunities.
Fruitfully 27 million motivated Americans, started running their new business or startups. The country ranked top due to its phygital attractive resources and massive infrastructures.
Developing countries like India escalated self-start-ups to its highest percentage in almost three years. Merely, 11% of the country’s adult population is still engaged with the early stages of entrepreneurial activities. Quite disgraceful that only 5% of population has taken strong initiatives in their own businesses. India has an endeavor in improving entrepreneurship by providing financial support and ample number of trainings by worldwide experts.
India’s unexpected new edge of entrepreneurship is taking lead with aggressive women entrepreneurs. National Sample Survey states about 14% of the rise in businesses by women entrepreneurs. Women are literally changing the landscape of the entrepreneurial world to a new form.
Women are emerging and sparkling edge of entrepreneurship
Near about world’s 8.05 million entrepreneurs are women. With such influences, 7.3% companies are successful compared to 3.4% unsuccessful ones. With a new feeling and motive, Women’s Entrepreneurship Development Programmes and Forums have been started all across the globe. It will not only will develop interest in women towards a new bigger frame of business world, rather it would help them with effective ideas to start their own business with their own developed ideologies.
Still with humiliation and neglecting behaviour of the world, women are emerging as new rising entrepreneurial stars with their different smart tactics in business. About 58% of Indian women entrepreneurs in between the age of 20-30 have started their own business. At the same time women entrepreneurs across the world are helping companies to develop new futuristic plans with rich benefits. Women are curving the stereotype thinking that– only men have ability to build and women are perched in kitchen activities.
Nowadays, women are making their Nation….. or I would rather say, making the world feel proud. At the same time it acts as the answers to those years of neglecting behaviours towards women.
According to famous women entrepreneurs–strong positive beliefs, confidence and perseverance act as the main frame of exposure for women entrepreneurs.
Top featuring be like,
- Sophia Amoruso (Girlboss Media)
- JK Rowling (Film producer, Novelist and screenwriter)
- Sara Blakely (Spanx)
- Cher Wang (HTC Corporation)
- Kiran Mazumdar Shaw (Biocon)
- Jennifer Hyman (Rent the Runway)
- Suchi Mukherjee (LIMEROAD)
Globally, 126 million women entrepreneurs are present with motive of becoming successful businessmakers. Many renowned companies and definitely ‘Alibaba’ took the initiative to share their success in such competitive marketing ground.
Women think about others more, than they think about themselves.Jack Ma (founder of alibaba)
Therefore, all over the world entrepreneurship is increasing at a massive rate and now it has been developed with bucket full of opportunites and competition.
India, South Korea, Australia, Switzerland are developing countries where they focus cultivating new entrepreneurial brains in educational attainment, Immigration and diversity, Financial resources as well Business resources.
Cultivating new developed entrepreneurship
Professional qualifications – either technical or non-technical skills helps in preparing individuals for psychological and real time application of new ideologies in different sensitive sectors. An educational prompt always boost an entrepreneur’s morale towards success. Education is important and one of a crucial part in entrepreneurship but developing skills, predicting future trend, analysing competition to overcome challenges, etc…helps in making ample number of opportunities for modern day entrepreneurs.
Implication of diversity with multinational companies where employees are from various different countries. Opportunity is quite wide with diversity in entrepreneurship. It’s a decentralized field where intellectual persons place their ideas and come up with many new technics for challenges in the modern, competitive business market. Entrepreneurship is truly build upon diverse ideas and managerial organised skills in a determined and definite way.
Financial resources in terms of subsidy is one of those important pillars for an entrepreneur. Such resources help to make a strong concrete base for an entrepreneur. For new young entrepreneurs, business resource consists of power resource, machinery resource, provision of land area resource, etc. It acts as a backbone for entrepreneurs which helps them to take risks in setting up their start-ups into a developed business model to make the overall functional activities sustainable.
Risk is always implicated in entrepreneurship! From curiosity, an eager person might ask about– the kind of risk which may appear in building up his/her business model.
Shadows of entrepreneurship
Risk is a synonym of entrepreneurship. In spite of having so many resources, subsidy, supports, educational attainment, risk has always been an existing partner. Financial risk, strategic risk, uncertain income, high level of stress, rising investment are the most common classified risks under risk factors.
According to Dun & Bradstreet’s study of business, 44% of businesses remain open at least six years.
Success, risk, failure . . .
These three are directly attached to entrepreneurship. But, when we step back seeing these difficulties then it would drastically stop the growing edge of the entrepreneurial world. So we should be always with an approaching motive towards building a world full of tactical minds and business experts. Who can expand ways towards success and guides the economical development of the country to a new unbelievable level which would create opportunities for all.