Tags Posts tagged with "succeed"

succeed

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Majority of you might be aware of this “not so casual term”- ENTREPRENEURSHIP. Well, I don’t think being familiar with this word or having much information about it would be enough for you in case you are dreaming to be the one associated with this. To be an Entrepreneur is not so easy like everyone thinks and also not everyone’s cup of tea. However, in the case that you are able to be the one successful entrepreneur, a single person cannot handle the whole, you would undoubtedly need a team of co-workers.

So, in case you are an Entrepreneur from India, you just have to “Hope for the best and be ready for the worst”. Your venture might turn out to be the best thing of your life or maybe the worst. No one knows! In a busy country like India, success and failures are the activities that are quite certain to happen daily. One of the biggest reasons responsible for the failure of the ventures in India is the lack of funding. According to various reports, it has been concluded that approximately 1000 startups have vanished in the previous two consecutive years. Much of scary information, right? No need of any worries, in case you are dedicated and you think you have many funds to start up a business and make it grow to heights, trust me you can be the successful one.

Now I am going to site some of the major reasons responsible for the failure of the entrepreneurs in India. Have a look:

1- Impatience in the budding entrepreneurs

   No one can get instant recognition and fame in this world. For being the best or even one of the best entrepreneurs, you need to have a lot of things and qualities in you and one of them is being patient. Nothing is straight in this field. When you start realising that everything has started to head towards south, one needs to handle those restless situations maturely. Setting up a venture needs new and advance technologies, large scale investment, scaling of their business etc, thus don’t look out for the shortcuts leading to success, solve all the problems and issues one by one and feel the development by experiencing it.

2- Mentors can’t be reached easily

Any company whether developed on in its starting phase, needs a mentor. But, reaching out to the most successful and the best mentor is not so easy in India. It is even more difficult than arranging funds for your venture in case you are lacking behind in it. Mentoring is the best way for and Entrepreneur to achieve success and also, the studies show that the business having the support of a mentor is more likely to reach greater heights rather than the others having no mentors. So, if you are not having one, get him now if you want to see the higher world.

3- Top tier colleges have absence of incubation centres

The top colleges are just providing the students with those kinds of professors who are not just dedicated towards their work. They just think this teaching is just a part of the course and nothing else. They are professors only because they know all the answers even if they have never experienced the Entrepreneur’s life and the hardships they all have to suffer during the course of their venture’s setup. Giving the students only the bookish knowledge is not enough, you need to make them experience all the things included in the Entrepreneurship.

 

Conclusion

So, above three were the main reasons of why the Indian Entrepreneurs fail in India. There are many others but, these are the most important and the acknowledged ones. Have a read and in case you are getting ready to own a startup, keep these things in mind and trust me on this! No one can stop you from becoming the most successful Entrepreneur, not even you. Good luck!

 

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If you are a fresher and looking for a job. I can truly understand what is confusing you. There might be a big question mark in your head about “Where to start?”

During my initial years, undoubtedly, I was attracted towards big companies and popular brands but I am telling this from my personal experience, it is definitely not going to be a place for you to start.

When I got into an established organization, I was just treated as a “piece of paper” on which everyone wrote the tasks to perform. In a big organization, each and every person is assigned with a specific task leading to a monotonous life of the employee with no change. I wanted to learn new things for which I never got a chance in those brands. Then I thought to step out of this place and join a growing company or you can say a “startup”.

In a startup, you get to learn as much as you can. You get assigned with various tasks which you enjoy while performing. Well, a startup is an “Exciting Place”. So, a perfect answer to your big question mark “Where to start” is a STARTUP.

I think it would need some more points to prove that “YOU SHOULD START WITH A STARTUP”. Following are the top reasons for you to join a fast-growing company. And, also they tell you on how to know that your search for your job is over for the time being:

Learn and Grow:

“Learn. Believe. Change. Grow. Succeed.”

If you want to learn new things, want more responsibilities and want to do more hard work the start-ups are ready to provide that to you. A growing company offers new challenging assignments to its employees which may provide quick exposure to those workers. A startup cannot move into new business lines, they firstly look in within their own ranks. This also increases the chances of your promotion within that organization.

Facetime with the company leaders:

Want to have a word with the CEO? Yes, in a growing company, you get much chance of getting face time with your CEO and company leaders. You can discuss everything you want to with them and get proper solutions. These face to face interactions help you to learn the best you can as well as get direct advice and make an impression. On the other hand, in a large organization, the employees spend many years in the company without even speaking to their executive managers.

Definitely Impactful:

Now if you want to move on, a growing company is a good choice if you are expecting to make an impact in the next job. Startups give you a chance to interact with different people, work on new projects, and move from team to team and departments to departments. This leads to great results for your career. Your future bosses would love to hire you if you are capable of contributing all your skills to a brand new project.

 

Answerable and responsible:

A startup will lead you to such a position that would be highly impactful. Your work will affect the entire company and its workers. If you do amazing work, you will be praised for it by getting praiseworthy texts and notes by your boss and other members of the company. In a startup, your mistake won’t get you in trouble as long as it was unintentional. It is unavoidable to have responsibility and answerability in a startup.

Grab leadership in the right time:

In a big established company, you need to wait for years to get into a higher position or being a true leader. However, in a startup, if you are doing a great job in all the tasks assigned to you, there are many chances of you getting promoted and becoming a true leader in no time if you have the desired qualities.

Transparent:

Each and every decision made in a startup is transparent. Required information about any new plan, a new program, and new rule will be given to the employees. The startup will provide why, how, when, what and where about the decisions that it takes. However, some information which is meant to be confidential won’t be transparent.

Salary:

You will be paid less than the bigger organizations in a growing company. But the thing is, here you will have an increased ownership and equity. If you are in a bigger company, you will have lesser shares and nominal salary. Whereas, in case of a startup you will have a lesser salary but higher shares.

Major Opportunities:

People with interests in one field or many fields don’t do well in big companies. Big companies need specialization in the kind of work you are performing in the job whole day. But this is not the case in a startup. Startups also need specialization but for the generalists, they can do multiple works if they want. For example, If you want to be an engineer, you can work on the company’s website, and also in the mobile app. But in a big company, if you are working on the company’s website then you have to stick with the same work in all your job years.