One of India’s most celebrated entrepreneurs, Kiran Mazumdar Shaw, defined entrepreneurship quite beautifully. According to her, “Entrepreneurship is about being able to face failure, manage failure, and succeed after failing.” Being a businesswoman from 80’s India must have been a challenge for her. But, she carried all before one, laying the groundwork for the next generation of entrepreneurs.
Coming to entrepreneurship, it’s commonly defined as the process of exploiting business opportunities, either by launching a new product or service to the market, or by coming up with new ideas to better the existing ones. The person who engages in entrepreneurship is known as an entrepreneur. A new company is founded either by a single person or jointly by various like-minded individuals. The new firm established by them is known as a startup. You will get acquainted with various ways to start a new firm during the entrepreneurship course.
In simple words, entrepreneurship can be described as the process of conceiving an idea, giving it the form of a company, and managing it successfully. The aim is to deliver something fresh and superior. What makes the profession special is the way a company or brand is pampered and managed amid risks and uncertainties. In addition, there is a slight line of differentiation between startups and other small businesses. That line is constant growth, which favors the former.
Although there are no certain criteria that draw distinctions between entrepreneurs, they can be set apart based on distinct nuances and skills required to start a business. The one who can define these differences and discover the idiosyncratic idea thrives on a flourishing startup journey. In the traditional concept, entrepreneurship can be classified into four major categories: mini businesses, scalable startups, innovative entrepreneurship, and social business leaders. Let’s define them and understand how these are different from each other in the business context.
1. Mini business entrepreneurship
:This type of entrepreneurship includes all those small-sized businesses started in local villages and towns by one person. Such businesses generally don’t have the goal to expand. A general store, beauty parlor, fast-food house, etc. come into this category. In a majority of cases, the family members or relatives invest in these local businesses.
2. Scalable startup entrepreneurship
: Scalable startups are rooted in the principle of gathering rapid success and instant expansion with the aim of ruling the market for long. Here, the idea of scalability (more resources are directly proportional to more sales) is deep-rooted. The more capital a company generates, the faster it grows. This strategy is called ‘garage to riches’. Venture capital investors play a significant role in the success of such startups. Most of the big startups in India and the developing world come under scalable entrepreneurship.
3. Innovative entrepreneurship: You must have seen self-motivated individuals trying to climb the corporate ladder by introducing new ideas into the market. Various tech startups are part of this category. Some either come up with a new way to deliver fresh fruits and vegetables in small towns, while others might introduce a hotel booking app for couples in India. The reason for their success is the unique idea they bring to the market, touching the public’s silent demands. In most cases, they get investments only after the initial success. Talentedge’s entrepreneurship course gives huge attention to innovative startups.
4. Social entrepreneurship: As the name suggests, social entrepreneurs are the people who create products and services for attaining profits as well as serving humanitarian causes. Most of the not-for-profit organizations or hybrid companies that are committed to social good, are part of this group. Some of the examples include educational programs in rural areas, firms offering financial assistance to people in need, green companies, vegan startups, etc.
You will get to know about various ways to start a new venture in Talentedge’s entrepreneurship course in detail. Whatever your goal is, you will be able to see a clear picture of what you are good at and what your journey should look like when you attend the program.
Talentedge’s entrepreneurship course is designed to give candidates a platform where they can enhance their skills to manage a business venture despite several challenges. The program intends to take the participants through an incredible journey of boundless opportunities. Exploring the vast possibilities of the modern business world, participants experience a complete transformation in the form of being an ever-ready entrepreneurial warrior. What’s special about the program is the way it trains the candidates to face the challenges of the real world.
Why do you attend a course? Because it helps in getting a good job with a handsome salary. This is actually true for almost all courses but just a half-truth for an entrepreneurship course, which is loaded with multiple job opportunities. After successfully completing the program, a participant is ready to conquer the business market in the most astonishing way. Aspirants attend entrepreneurship courses for various other reasons, some of which are mentioned below.
Entrepreneurship comes naturally to some, while others require certain skills to come up with business ideas and take them to the next levels. Entrepreneurial success depends on how one has mastery over these skills. If you want to start a venture and set foot on this journey, one of the best ways is to attend the online entrepreneurship course by Talentedge and hone your skills in the company of some of the most celebrated industry experts.
Networking is about building and managing business relationships with like-minded people in the industry. Having strong networking skills paves the way for being a successful entrepreneur. If you are planning to grow your business, attract investments, and hire a quality workforce, being good at networking helps a lot. It even plays a central role in advertising your enterprise.
As an entrepreneur, you often need to communicate with a range of people including employees, clients, investors, and other stakeholders. Most educational institutes interview candidates to make sure they are good at communication before offering them admission to entrepreneurship courses.
Entrepreneurs are often responsible for handling their businesses’ financial aspects. They oversee the expenditure, revenue, and profits. Attaining expertise in financial management not only benefits the entrepreneur’s prospect but is also good for the company’s fate. Thus, you are advised to strengthen your financial skills before stepping into the world of industrialism.
The ability to manage time is of great significance when you are aiming to be an entrepreneur, who has a range of tasks to handle at a time. Complaining about the workload is not an option in this field. You have to learn the art of time management if you aspire to become an entrepreneur.
A business is the brainchild of an entrepreneur, who should be able to think out of the box in order to make a mark in the market. From conceiving a project to giving it the final shape, an entrepreneur has to be outstanding and unique with his/her thought. Your business has to offer something different from what others are doing. In order to attract new customers, you should come up with fresh ideas and advanced branding strategies, among other things.
Challenges and difficult situations are part and parcel of the entrepreneurship journey. Beginning from setting up the firm to gathering funds to establishing the brand image, an entrepreneur faces a horde of issues. Those who are adamant to climb the success ladder, identify alternate solutions calmly. If you aim to be an entrepreneur, you must know the art of conquering stumbling blocks in the journey.
For availing Talentedge’s online entrepreneurship course, you need to follow the given steps.
The 21st century is the era of startups and business leaders. The world is witnessing a humongous rise in the number of people taking the entrepreneurial path. Especially in the developing world, what we are experiencing is new names are being added in the business sphere every day. Thanks to the market getting globalized, startup opportunities are on an all-time high. This is probably the best environment to turn your dream of starting a new firm into reality.
Talentedge’s entrepreneurship course provides an ideal platform for candidates to give a spark to their journey as an enterpriser. After successfully completing the online course, you will get a major boost in your entrepreneurial aspirations. Nurturing your wings to fly high, the program prepares you for taking on the challenges ahead. The objective of this online entrepreneurship course is to open the field of industrialism to the candidates, addressing various factors that are central to their success in the field.
If you wish to begin your career as an entrepreneur, the Talentedge’s course is probably the finest opportunity. However, you may not want to start your own business. That doesn’t mean that the education and training you got is of no use. It might sound surprising, but the fact is, you have a horde of options out there. Since entrepreneurship courses cover subjects like innovation, marketing, ethics, finance, etc. the learnings assist participants in getting multiple job opportunities. The hands-on experience and valuable insights you gain during the course make you an effective business leader.
Unicorns are filled with business consultants. They are constantly hunting for people who can identify a client’s problems and fix them. This job suits people trained in entrepreneur courses, since this is what they are good at. They know how to run a business despite facing lots of challenges.
As a financial advisor or consultant, you can provide guidance to people who want to invest and expand their financial base. Even companies look for such professionals who can advise them on how to manage their expenses, profits, resources, etc. Your communication skills, problem-solving ability, and financial knowledge will be of great importance in this job.
The field of research and development is ripe with budding entrepreneurs. This is because they understand modern business concepts quite well. All those subjects you study in the online entrepreneurship course make you well prepared for a job in this field.
Apart from these fields, you can work in almost any field that you are good at. You can assist startups in establishing themselves in the market. Plus, you can work as a system analyst, construction manager, sales manager, public relations manager, business reporter, etc. after getting a certification in entrepreneurship.
|
Careers |
Average Salary |
|
Business Consultant |
11.5 Lakh Per Annum |
|
Financial Advisor |
6.8 Lakh Per Annum |
|
Research & Development Analyst |
7.5 Lakh Per Annum |
|
Sales Manager |
8.2 Lakh Per Annum |
|
Professor of Entrepreneurship |
6.6 Lakh Per Annum |
|
Startup Developer |
8.6 Lakh Per Annum |
|
Innovation Strategist |
7.2 Lakh Per Annum |
The course fee ranges between INR 50,000 to 2,00,000 based on the course ingredients. For more information, kindly visit the course page of your respective programs on the Talentedge website.
Ans: Entrepreneurship is the art of conceiving an idea and extracting value out of it. Generally, the idea is perceived as associated with business and trade. Thus, entrepreneurship, in its narrower definition, is the act of developing and launching a new business. In the field of modern economics, however, it is defined as the ability to transform thoughts and technologies into products and services.
Ans: Entrepreneurship, as a subject, is booming all across the world. Various colleges and institutes are offering courses in the field. If you are looking to attend a trusted course that can transform your career and help you on the path of becoming an entrepreneur, IIT Delhi’s Certificate Programme in Industrial Design, Innovation and Entrepreneurship is the one to consider. You can sign up for this program by clicking here.
Ans: Entrepreneurship is a vast subject that includes a number of concepts and topics. Unlike domain-based programs that revolve around a particular job field, entrepreneurship courses cover almost all elements pertaining to running a business, ensuring the overall development of participants. Following are some of the subjects included in the entrepreneurship course curriculum:
Ans: Entrepreneurship education is considered highly productive when it comes to skills development. Students learn how to bring their ideas into reality. They understand the theory of the product development cycle and business management, in addition to various other concepts.
These are some of the major benefits of studying entrepreneurship:
And: Entrepreneurship is the one field that is on a rise not just in India but also across the developing world. India, today, is the third largest startup ecosystem in the world. The country is regarded as one of the most lucrative markets for being an entrepreneur. Under the Government of India’s ambitious campaigns such as ‘Make in India’, ‘Startup India’, and ‘Atmanirbhar Bharat’, many new companies have emerged in the country lately. Another reason for India’s booming startup market is the tremendous demand created by the huge middle class that has grown in the last couple of decades. In addition, the entrepreneurial culture in the country has witnessed a drastic transformation in a positive direction.
Ans: Being an entrepreneur in India, although faced with various challenges, is much easier when compared to other countries. Here are a few steps you should follow if you aspire to become an entrepreneur in one of the world’s most startup-friendly countries.
Ans: If you have no prior experience in the business field, and want to enter the startup zone, the first step is to spend some time understanding the market. After that, you should attend a certification course in business management, startup development, or any other relevant subjects. Talentedge’s entrepreneurship courses are such programs you can attend to fulfill your dream of starting a new business.
Ans: The road to entrepreneurship is certainly not a piece of old tackle. One has to put tremendous effort to become a successful businessperson. The very first challenge every entrepreneur faces is how to generate capital. Even after sorting out the funding issues, they are always suspicious about what strategies to apply. In addition, passing the legal test is always a challenge for entrepreneurs. They also face problems in hiring the best people suitable for their business. Management of time and self-confidence is another aspect that scares those who aspire to start a new venture.
Ans: Not all candidates who attend the entrepreneurship course plan to start a new firm. Some, after initial failures, might want to give a few years to enhance the professional experience. If you are also among those, the entrepreneurship course is an ideal way to give your career the required boost. You will have multiple roads to take after completing the program. From marketing to supply chain and from public relations to hospitality, almost all sectors require people with entrepreneurial expertise and/or skills.
Ans. The duration of entrepreneurship courses in India ranges from 3 months to 2 years. If you are planning to get a certification, a 6-month course is fine. Most of the degree programs are either one year or two years long.
Ans. No, everyone can become an entrepreneur, however, the level of success depends on how one follows the right approach. It requires experience, skills, education, and determination. If you are an innovator and a thinker, you can become an entrepreneur quite easily.
Ans. Entrepreneurship is more a passion than just a career. If you aspire to walk on this path, there is no stopping. Whether you want to lead a startup or not, an entrepreneurship course offers you a number of opportunities. It helps you get an edge over other professionals in attaining career success.
Professor, Electrical Engineering Department, IIT Delhi
Assistant Professor, Department of Design, IIT Delhi
Professor, Department of Management Studies (Programme Coordinator)
Associate Professor, Department of Management Studies
Professor, Department of Management Studies
Assistant Professor, Department of Management Studies
Assistant Professor, Department of Management Studies
Professor-of-Practice, Bharti School Of Telecommunication Technology And Management
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