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Entrepreneurship In India: An Easy Path Or A Bumpy Ride?

Is entrepreneurship difficult in India?

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Entrepreneurs of india
Entrepreneurs in India and their success stories have encouraged several new entrepreneurs. Pixabay

By Shachindra Nath

It has been said that Lakshmi and Saraswati were always competing for supremacy against each other. Wherever Saraswati went, Lakshmi used to follow. It is believed that if one prays for Saraswati, Lakshmi will follow. If Saraswati departs, Lakshmi will depart with her, leaving behind her elder sister Lakshmi who will bring misfortune. Symbolically, prosperity or money follow when we hone our skills.

The deep-rooted problem with entrepreneurship is the evil of our society where the size of wealth is the determinant of stature and prominence. Questions like how many billion dollars is your market capitalisation? How much can you spend on marriages? How easily can you walk into a powerful person’s office so on and so forth are what drives an entrepreneur’s ambition of trying to build wealth too quickly and diversify into many unrelated activities. This further leads to entrepreneurs taking high debt, believing that the success of each of their ventures is given, and once they start failing, they get entangled in methods which are neither sustainable nor ethical. One of the common examples being the combination of business interests with politics and power.

While it is true that the journey of a new entrepreneur in India is not easy, entrepreneurs who start with inherited capital also face a similar challenge of multiplying their wealth, with only the scale of the problem being different. The common theme being, entrepreneurs — new or generational — are focused on the size of their wealth rather than the real work.

entrepreneurship in india
Entrepreneurs in India have to face a number of issues which slows down their profits. Pixabay

We have multiple success stories of great entrepreneurial journeys in India — in most of those successes, you would find that there is a single-minded focus to build one institution and not to diversify. Infosys is a prime example — during the long journey of Infosys, the founders after their initial success did not think of multiplying their wealth to start multiple other businesses, which if they wanted, they could have done.

Having worked long number of years as a professional executive, seeing entrepreneurs closely, and now turning to an entrepreneur myself, my learning has been that if your mission is only entering into venture to increase your wealth and feature in the Forbes ranking of rich people, you are bound to falter at some point of time. The mission of an entrepreneur should be to build enterprises which people respect, however, by no means I am saying that one should not try achieving scale, but don’t try doing this for too many things.

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God has given us only one life — if you achieve one vision which can create an impact, that should be good enough and there should not be the need to chase too many things at the same time.

While the demise of V.G. Siddhartha is one of the saddest events for Indian entrepreneurs, it is also a warning signal for the established, upcoming and young entrepreneurs — choose a life mission and achieve that — wealth is an outcome of good work and not the other way around. (IANS)

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Hiver Survey: More Than 60% Indian Millennials Feel Anxious About Unread Emails

Millennials across the globe today are increasingly getting hooked on to the practice of keeping their inbox empty/near-empty

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Millennials
More than 60 per cent millennials in India feel anxious when they see unread emails in their inbox. Pixabay

BY PUJA GUPTA

More than 60 per cent millennials in India feel anxious when they see unread emails in their inbox, reveals a survey.

The survey was conducted by Hiver with over 600 millennials in India to understand their work email behavior patterns.

Millennials across the globe today are increasingly getting hooked on to the practice of keeping their inbox empty/near-empty at all times – popularly known as eInbox Zero.’

Millennials
As many as 63 per cent millennials agreed that long emails hampered their workplace productivity. Pixabay

The survey also revealed that as many as two in five millennials get extremely uncomfortable if they haven’t been able to check their work email for three-four hours at a stretch.

When asked about the first app that they check on their phone upon waking up, 59 per cent chose WhatsApp, 29 per cent mentioned social media apps such as Instagram and Facebook, and only 9 per cent said emails.

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The findings also reveal some interesting insights on how emails affect employee productivity. As many as 63 per cent millennial agreed that long emails hampered their workplace productivity, and that they preferred them to be shorter and eto the point’. Another 60 per cent interestingly said that emails can be a good substitute for workplace meetings. (IANS)