Possibilities And Benefits Of Entrepreneurship
India has been come out to be an emerging market for startups in past few decades. The Startup India movement and National Skill Development Mission are some of the programs that have been introduced by our government to pitch up the startup programs, knowing the benefits of startups and entrepreneurship for a country’s economic growth and GDP. Although, starting a whole new business and making it a success comprises both sweet and bitter flavors. The entrepreneur has to be wise enough to extract the sweetness and avoid the bitterness. One can cherish enormous benefits and can have abundant possibilities if worked shrewdly. Aman Mehndiratta is such a bright entrepreneur and magnate, he understands the pros and cons of entrepreneurship and knows how to prize out the good and leave the bad behind. Accepting the challenges with full confidence and putting every possible effort to overcome it, is something Aman has learnt from his past experiences from corporate sector. Failures cannot prevail over him because he sees them as motivation to do better the next time. He focuses on possibilities to draw the benefits which have been come out to be the greatest factor that helped him to create unprecedented growth of his business.
Here we are giving a brief about several key possibilities and benefits which affect any entrepreneurial firms or startups India in an absolute manner. First is large population: For startups in this country, it is not mandatory to go overseas. India, with approximately a billion people, presents a very huge and diversified home market for goods or services. Rising disposable incomes and growing aspirations of a mushrooming middle class have meant that there is a large appetite for brands in the country. The large population has also led to higher consumer expenditure growth, which has in turn has propped up the increased demand, supply and production. Domestic startups that look to service and cater to the large population in solving a pain point also work as effective tool for economic development and boom in GDP. Now, taking the Demographic Dividend in consideration, according to the recent census, India has more than 72 per cent young population below the age of 32 years which makes the country more promising for the people who have entrepreneurial mind sets. This accounts to be a plus point for Aman Mehndiratta because youth is the driving force behind innovation, creation, and the future leaders of a country. For startups youth makes up the workforce that it desperately needs and it can be a huge talent base for startups. Next is Decision making, it can be said as the ultimate benefit of starting your own business because being your own boss it too relaxing and chaos-free, isn’t it?? No external orders or commands one have to follow which contributes in peace of mind and the entrepreneur is able to work with full concentration and dedication knowing it will directly affect him. The biggest sake of startups can come in front in the form of Greater Employment opportunities. This was the core reason why Aman turned out to be an entrepreneur and wanted to invest in startups. He wanted to be a helping hand in the development of society to make it a better place. This could be done by mending the economic progress in the country. Startups accelerate the employing, steadily vanishing the problem of unemployment. These were some of the possibilities and benefits of establishing entrepreneurial business in developing country like India.