When it comes to entrepreneurship, many humans who live on this planet, especially in a country called India, think it as a process which involves high risk and instability as opposed to a 9 to 5 job which gives not only economic but social security as well. But to see entrepreneurship in binaries such as stability versus instability or risk versus no risk is right?
According to one dictionary, the literal meaning of the term ‘entrepreneurship’ is the “one who undertakes an enterprise, especially a contractor acting as the intermediary between capital and labour.” The meaning reveals a new angle to see entrepreneurship as not only a means to accumulate wealth but to be a game-changer in the society.
India is a place where there is immense labour available, a country where a majority of people are under 40. On the other hand, as many experts believe, there is no such shortage of capital but its skewed distribution. It means that there is an ocean of opportunities for those who could work as an intermediary to bring in wealth close to the labour as the dictionary says.
Moreover, entrepreneurship as a term may be new to Indians, but entrepreneurship has always been present there in the society since ages. Tata, Birla, Reliance, TVS, Mahindra and many more are early examples of such early entrepreneurial ventures. Even at present, when the economic landscape is also becoming more dynamic, India is witnessing mushrooming of new entrepreneurs.
Even though India is proud of such successful businesses, the primary moving force has always been the one at micro, small and medium scale entrepreneurship. Such entrepreneurship has helped millions coming out of poverty not only in India but across the world. They have also fueled fostering up of socio-economic development of the society.
From here we can derive is that entrepreneurship is a vehicle which can take our society with a considerable speed towards sustainable development. The crux of entrepreneurship is moving with the idea of empowering maximum people with a bit of money in contrast to few people holding trillions of dollars.
If we talk about entrepreneurship as a venture full of risk, then this is all that life has got as Helen Keller once said, “Life is either a daring adventure or nothing at all.” If we are to bring a dynamic change in this society, the risk is what we all have got, and entrepreneurship is worth at least a single try.