Category: Entrepreneurship

THE MULTI-FACETED WORLD OF MODERN FAMILY BUSINESSES IN INDIA

Neetu Vijoy Bansal

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 that contribute to their success or challenges. The Trust Factor In a job market marked by massive layoffs globally, family businesses continue to hire, retain, and train their employees. An…

What Your Estate and Trust Plans Say About Your Family Legacy

Dr N. Krishnan

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 carry them out, accurately capture your legacy goals and objectives? We believe a legacy conversation—thought-provoking questions that go beyond the numbers—is a crucial prelude to crafting and updating estate plans.…

Women Entrepreneurs for Building Strong Economy

Dr. Kiran Kumari Patil

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 encouraged to occupy corporate positions. The gender stereotypes which were more prevalent in society decades ago are slowly getting dissolved. Women bring a different set of perspectives to problem-solving that…

Women Entrepreneurship and their Contribution to the Economy

Maeen Tanweer

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 and showing their capabilities. When it comes to women’s contribution to the economy, they can contribute as job seekers and as entrepreneurs, or we can say, job creators. Women can…

Rise of Rural Women Entrepreneurs in India

Maeen Tanweer

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 for obvious reasons. However, the 21st century arrived with a bang, and the growth started to speed up. Moreover, despite all of its devastation, the pandemic brought one fortune digitalization…

10 Ideas to Empower Rural Women Entrepreneurs

Maeen Tanweer

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 a rural setting. Nearly 575 million people work in agriculture-related services worldwide, with 52 percent of non-water land harvested versus 11 percent in the biosphere. India’s service industry is growing…

Women’s Day Focus: Challenges Faced by Rural Women Entrepreneurs

Harshini Venkatasubramaniyan

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 challenges. Despite several measures, the most affected people are the rural women entrepreneurs. This is because they have to overcome challenges from the entrepreneurial sector and rural ecosystem and also…

Aspire Media and Wadhwani Foundation partner to deliver benefits to the “Small Enterprise Business Awards 2021” nominees

Small Enterprise India

 ~ 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 successful MSMEs in India. The award ceremony is a virtual celebration of entrepreneurial excellence and display of perseverance by overcoming the extraordinary challenges in the tough pandemic period. See SEBA’21…

Challenges of Entrepreneurship Development in India

Yamini Lamba

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 was 12.22 and 12.12 for UK and US respectively. A natural question that flows from such documentation is what factors contribute to such abysmally low numbers of entrepreneurial activity when…

Role of Emotional Intelligence in Entrepreneurial Journey

Dr. Kiran Kumari Patil

Emotional intelligence, in a nutshell, is the skill of detecting and understanding emotions in others as well as oneself. Emotional intelligent people are generally good at managing their own emotions and helping others manage theirs. Emotionally intelligent people are good at putting themselves in someone else’s shoes and seeing challenges from different perspectives, which can also help them solve problems for their team and clients. Entrepreneurship requires to of maturity in understanding things from others perspective and most of times it is proved that Emotional Intelligence plays a key role…

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