You need to be ready if you are planning to quit your regular job to start your venture because it is not a piece of cake. The challenges are many that you might come across before venturing into the less-traveled path of entrepreneurship. During your first venture, you are responsible for many things from being flexible between long working hours…
Entrepreneurs are quite an exclusive league of people. Some would sit and daydream about the joy of being boss of their own and create their business while those who are deep inside the business and have already considered all the rewards it has to offer, also think that it is quite a difficult path to walk on. The most profit-making…
The term “Entrepreneur” seems to be in all genres of industries and has vividly different backgrounds. Some work tirelessly on a product that they believe in while others build personal brands. Anyone can convert entrepreneurship into a functional business as many people refer to it as “innovation”, “passionate”, “trailblazing”, “problem-solving” and much more. These are the traits that entrepreneurs look…
Professionalizing the family business is critical for growth, continuity and perpetuity through multiple generations. What is a Family Company? A family company is one whose ownership is controlled by a single family and where two or more family members significantly influence the direction and policies of the business, through their management positions, ownership rights, or family roles. Current family owners…
In current circumstances, women entrepreneurs need to draw out their absolute best under their leadership. We should not expect circumstances to change and wait for it. You should take advantage of certain opportunities and situations at this point. Ensure that your team is successful by believing in yourself and lead your venture. According to a particular HBR study, women leaders…
Women entrepreneurs have been a major segment of the economy. Many women have established various small businesses i.e. traditional handicrafts, food, and packaging online that supported artisans in rural Karnataka. After quite some struggle, they had a decent number of orders and have been looking forward to advancing the manufacturing equipment and scale the effect of their business by offering…
It is more difficult for Indian females with entrepreneurial ambitions to succeed. There has been quite a parallel rise in the number of startups and new businesses that are started by men, as the Indian Economy grows simultaneously over the last decade. India has a total amount of 58.5 million entrepreneurs out of which 8.05 million are women entrepreneurs. This…
There are multiple variables in business that we need to learn to roll with punches and we find those variables double in size and frequency as entrepreneurs. Failing is inevitable in life and everyone fails at something or the other. Steve Jobs was rejected by many companies, Einstein was an awful student. Other famous personalities like Warren Buffet, Bill Gates,…
THE MAJORITY OF INDIAN FAMILY OWNED BUSINESSES ARE LIKELY TO FAIL BECAUSE OF INTERNAL CHALLENGES – WITH THE KEY ISSUE BEING INEVITABLE – AND DESTRUCTIVE – FAMILY CONFLICTS. SO IF A FAMILY WANTS TO PASS A SUCCESSFUL BUSINESS ONTO THE NEXT GENERATION, IT NEEDs TO DEVELOP ITS OWN TOOLS AND SYSTEMS FOR MANAGING CONFLICTS 10 TIPS FOR MANAGING FAMILY BUSINESS…
The Union Cabinet approved The National Education Policy 2020-NEP on July 29, 2020[1]. The NEP proposes a paradigm shift on how education is disbursed by various institutions across the country. As the present education system limits itself in various aspects and unable to encourage innovative and out-of-the-box thinking among young minds. A much needed move for the transformation of education…