Entrepreneurship (How to Get Started)

6 Pages Posted: 23 Nov 2009 Last revised: 3 Mar 2010

See all articles by Hardeep Singh Anant

Hardeep Singh Anant

City University College of Ajman; UBS, Panjab University

Date Written: December 1, 2006

Abstract

The example of my academy which was setup with modest resources is provided as a case in point to explain some principles and essentials of entrepreneurship. Besides being a tool for economic development, entrepreneurship can be a potent weapon against social evils, and can help solve a range of social and political problems.

The growing Indian economy, especially the service sector, provides unprecedented opportunities for entrepreneurs. Expertise, attitudes, and an understanding of quality issues are the key prerequisites for successful entrepreneurship. Educational institutes must take initiative and attempt to launch innovative Entrepreneurship Development Programmes involving students and teachers. Students must start small business ventures, with their teachers’ guidance, and seriously consider entrepreneurship instead of seeking salaried jobs.

Over a period of time even the smallest business ventures can generate huge cash flows. However, amassing wealth alone will not provide satisfaction, which, is the main motive of economic activity. Enhancing quality of life, and providing genuine services to the satisfaction of all, is the main focus of sensible entrepreneurs. Thus, they must be honest, courageous, sociable, and creative. An Entrepreneur must initiate action to solve problems and grab opportunities, thereby generating wealth for the nation.

Keywords: entrepreneurship, developing entrepreneurs, qualities of an entrepreneur, producing entrepreneurs, personality traits of entrepreneurs, economic activity

Suggested Citation

Anant, Hardeep Singh, Entrepreneurship (How to Get Started) (December 1, 2006). Available at SSRN: https://ssrn.com/abstract=1509411 or http://dx.doi.org/10.2139/ssrn.1509411

Hardeep Singh Anant (Contact Author)

City University College of Ajman ( email )

Al Tallah
Ajman
United Arab Emirates

HOME PAGE: http://www.cuca.ae

UBS, Panjab University ( email )

Chandigarh, 160014
India

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