Parents of the senior generation often express a sentiment: “We’ve allowed our children to decide their own paths” (“Ja Jee Le Apni Zindagi”). This autonomy is valuable, but have we adequately guided them in exploring options before making choices? Too frequently, the next generation’s career decisions are influenced by peer trends rather than their own strengths, interests, and available opportunities. …
India has a rich and diverse culture, and this is reflected in the way we do business. From multi-generational family businesses to Silicon Valley startups, Indian businesses have made their mark globally. In this article, we will delve into the fascinating world of family-owned businesses in India, exploring the trust, value, family, revenue, modernization, employee, technology, and new generation factors…
As successful business owners, you understand that carefully crafted estate and trust plans provide the tools for families to safeguard assets and protect their financial security. But these plans can also ultimately help families create their legacies. How can you have confidence that the planning strategies used in estate and trust plans, as well as the fiduciary appointments made to…
Entrepreneurship is one of the most important elements necessary to build the economy. Every nation tries to improve economic growth for prosperity and better living standard for its people, and an entrepreneur is a catalytic agent of change. In the past few decades, the role of women in our society has changed drastically and for the better. Women are now…
Entrepreneurship, if done correctly, can be a way to an excellent economic development of a country. It’s the backbone of any country. That’s why entrepreneurs have the capability to bring transition. When it comes to entrepreneurship, how can we forget the contributions of women? This is the era of digitalization where there are revolutionary changes globally. Women entrepreneurs are blooming…
In India, we call our country Mata (Mother), and centuries back, the world called it “Sone Ki Chidiya” (Golden Bird). The ancient Indian economy was once a major exporter of spices, cotton, iron, sugar, and pearls, almost rural regions. However, unfortunately, many industries, and notably rural enterprises were stifled during colonial administration. After independence, the economic growth was very slow…
Over the last two decades, the term “entrepreneurship” has been widely known worldwide, from the general public to business stakeholders. An interesting and critical reality is that women entrepreneurs outnumber males worldwide. Rural women entrepreneurship is primarily described as starting a new business that supports the development of new products, services, trending calls, and the adoption of new technologies in…
The entrepreneurial ecosystem in India has been rapidly changing, in a good way. Over the last few years, India has been brimming with startups and unicorns. The success stories of different entrepreneurs and businesses have been primarily discussed. Exploring the backstory of the success narratives, one could understand every entrepreneur’s common difficulties and obstacles. In addition, women entrepreneurs face more…
~ Wadhwani Advantage, the flagship initiative of Wadhwani Foundation to provide knowledge support to SMEs & empower them with capabilities to maximise their growth potential~ ~ Wadhwani Advantage shares its expertise by being part of the jury~ Aspire Media has completed the nominations for the MSMEs across India with its 4th Annual awards Small Enterprise Business Awards 2021 (SEBA) to recognize…
The Economic survey in 2019-20 using World Bank’s data on entrepreneurship stated that India ranks third in the number of new firms created. However, India ranks significantly lower in terms of intensity when compared with countries like UK and US. Between 2006 and 2016, the mean number of new firms registered per year per 1000 workers was 0.10 whereas it…