Category Archives: My Thoughts
One morning I wasted nearly an hour watching a tiny ant carry a huge feather across my back terrace. Several times it was confronted by obstacles in its path and after a momentary pause it would make the necessary detour. At one point the ant had to negotiate a crack in the concrete about 10mm wide. After brief contemplation the ant laid the feather over the crack, walked across it and picked up the feather on the other side then continued on its way.
I was fascinated by the ingenuity of this ant, one of God’s smallest creatures. It served to reinforce the miracle of creation. Here was a minute insect, lacking in size yet equipped with a brain to reason, explore, discover and overcome. But this ant, like the two-legged co-residents of this planet, also shares human failings. After some time the ant finally reached its destination – a flower bed at the end of the terrace and a small hole that was the entrance to its underground home. And it was here that the ant finally met its match. How could that large feather possibly fit down that small hole? Of course it couldn’t. So the ant, after all this trouble and exercising great ingenuity, overcoming problems all along the way, just abandoned the feather and went home.
The ant had not thought the problem through before it began its epic journey and in the end the feather was nothing more than a burden. Isn’t life like that! We worry about our family, we worry about money or the lack of it, we worry about work, about where we live, about all sorts of things. These are all burdens – the things we pick up along life’s path and lug them around the obstacles and over the crevasses that life will bring, only to find that at the destination they are useless and we can’t take them with us.
According to a New Poll from Gallup India lags behind other Asian countries in promoting Entrepreneurship.
Gallup created a framework for Entrepreneurial ecosystem based on human capital, role of government and individual entrepreneurial traits.
Based on the latest Gallup World Poll results from March 2012,
- 16% of Indian adults report that they currently own a business.
- Of those, 22% say they formally registered their business.
In terms of business size, half of business owners report working alone, and 47% have hired five or fewer employees.
The key barrier to current and aspiring entrepreneurs is the lack of a favorable support system. The analysis based on the Gallup framework shows that India ranked in the bottom quartile particularly on external factors such as government support, culture, social capital, and access to training.
By contrast, intrinsic factors — such as entrepreneurial talents and attitudes — ranked much higher than external factors in enabling support for aspiring entrepreneurs. Improved external factors may help unlock more of the Indian population’s natural entrepreneurial potential.
Indians are Not Risk Takers
More than 60% of the Indian population possesses personality traits that are critical for success as an entrepreneur — such as business thinking (69%), optimism (66%), and persistence (65%) — which suggests a wealth of entrepreneurial capacity.
However, willingness to take the risk of running a business is not a common trait among a majority of Indians.
As the poll results suggest, work risk, risky was also used by couple of folks.
Lack of Support
Starting a business is USA is very simple. It takes less than 30 minutes of work to submit the paper work and you your business is ready to roll.
It costs like $200 to register a simple business entity online.
But, according to the poll –
- It is not easy to start a business in India.
- 46% of Indians say the government makes it hard to start a business.
- Nearly 3 in 10 (29%) aspirational entrepreneurs who plan to start their business in the next 12 months agree they have access to the money they need.
Indian Entrepreneurs need more access to mentorship and training.
Poll also states that Indians have the potential. With good support system more small business will flourish.
Don’t you think, colleges should business courses?
Even couple of courses for Engineering students in busioenss ca open world of possibilities.
Also, parents should encourage their kids to and help them cultivate entrepreneurial thoughts.
I haven’t seen any parent who looks for an school for their son and daughter, where business and entrepreneurship skills are taught.
So, do you agree to this?
Willingness to take the risk of running a business is not a common trait among a majority of Indians.