These days entrepreneur is the star. Those days have gone by when students search for decent jobs and settle down. Nowadays, young talents aspire to start their own business, even they risk their all savings and countless hours of hard work to make their idea into reality.
NS Ranjan, a young entrepreneur who started an education start-up named Concept Kendra. He said, “It is very evident that Indians are very enterprising. The CEOs of so many leading MNCs across the globe are of Indian origin. Thus I think it was bound to have some effect on the market here as well. Today, the youth is looking to do something beyond the 9-5 job and build their own empire. Also, our education system, which got us ready for jobs until a few years ago, is encouraging students to look for innovative ideas for a startup. Add to this the easy access of information available on the internet. All these factors have contributed to several youngsters willing to take the risk of starting a company.”
Interestingly, the last two lockdowns helped many people who had start-up ideas but doesn’t have time to work upon them. Koppula Sri Durga, 22 years old, founded Folktale22 along with a friend, quit her job to start something new on its own. She said, “After I finished my degree, I was placed with a reputed MNC. However, due to the pandemic my joining was delayed. During that time me and my friend, who was also my batchmate, came up with an idea and thought we could give it a go. I have a good academic record, so I was confident that I could get another job if this idea did not work. I think that is how many youngsters are thinking nowadays — especially after the start-up India campaign helped so many business ideas grow into successful companies,” she said.
Another most importing that drives the young talents to set new start-ups was the unsatisfactory job profiles companies were offering.
“After I finished my MSc in Agronomy from Hemwati Nandan Bahuguna Garhwal University, Dehradun, the job I was being offered was in sales or marketing in big agro companies. However, my education was completely different and I knew I wouldn’t be happy in that kind of a job,” shares Simhadri Prem Sathish, founder of Hyderabad-based agriculture start-up Prerna Agri Nature Private Limited.
Pointing out the increasing number of people looking for opportunities to start their business, Dr. Sravanti Ellasiri, owner of Boxwish, a business advising consultancy, says: “About four to five years back only starting a tech company was considered as a start-up. However, today people who have even small savings are looking to start something. Having said that, I have to say that a huge number of potential business ideas are still not being worked upon as people are still afraid of leaving their jobs. However, I feel that with time we will see many more entrepreneurs in the country.”