Contact Form

Have queries for this product, fill out this form, and we will get back to you within 24 hours





Get Our Tips Straight To Your Inbox


Why Entrepreneurship Is The Solution To Unemployment

By Kunal Kumar, Founder & CEO, something Cool | http://somethingcool.in

 

Unemployment is one of the pain areas and prickly issues being faced by any economy. Unemployment not just in uneducated but also has branched its roots in the educated sectors. India being a young country constitutes a major chunk of its population be youth and to tap their full potential we need to empower our youth with the right set of skills and opportunities.

 

Entrepreneurship is our greatest weapon to counter act this issue and to empower our youth. Youth by default are energized and empowered, they are willing to explore new territories and take up new challenges and risks.

 

While working as an entrepreneur, an individual gets to work on multiple things, juggle different roles and turn them into better leaders and better individuals. Put aside the fact that Entrepreneurship brings big money from investors and even foreign clients, it also has a key role to play in building a character.

 

When battling unemployment, entrepreneurship is a solution, entrepreneurs open doors to new ventures, new business, new alliances etc. When an investor puts money into a startup or a venture, the entrepreneur automatically gets to expand its team to scale the venture and hence providing employment to more people. These days entrepreneurs are willing to hire to even resources who do not have formal education or a degree but have the right attitude, skillset and willingness to learn, which is a big shift in the thought process in comparison to corporate or big companies who are adamant on hiring from Ivy League colleges or shortlist candidates on the basis of qualifications not capabilities.

 

Way forward should be to establish Entrepreneurship Development policies and institutions from the Govt, that focuses on harnessing the power of the youth and empowering them with the tools and means to venture out. Off course not all ventures will take off and few will have to come across failures often, the policies should be planned in a way to cover that and promote a risk free innovative environment for entrepreneurs to flourish.
Entrepreneurs these days are moving back to their home towns in Tier 2/3 cities from Tier 1 cities in order to uplift their towns and cities and give employment in their community. Surya Power Magic, a clean tech venture based out of Coimbatore was build up by founders who initially started their first ventures in Banglore – the IT hub of the country. Now in Coimbatore they hire and source their staff locally.

 

Entrepreneurship is not money-driven venture but a passion-driven one that facilitates positive change in the society. The role of the government in entrepreneurship should be that of a facilitator and not a controller. The tremendous impact of internet in business, which has obliterated geographical barriers, has made business a lucrative career option. Many young minds now understand the importance of looking at a steady business growth, forming the right team and empowering it to bring about that growth. Targeting rural areas and tier 2-3 cities with better product and services is the way forward for entrepreneurs as there is already saturation in metros and big cities. Industry experts say any business that adds value to the quality of the life of youth will see growth. Startups have the opportunity to grow and become big. Keep challenging yourself and keep pushing yourself.

Author: Stoodnt Guest Author

Stoodnt Guest Author are experts, professors, teachers, tutors and professionals who want to share their advice, insights and guidance to students, young professionals and others.

Comments(0)

Related Posts

Why a Billionaire Thinks Liberal Arts Education is the Future of Jobs Yuri Punj

Many of our international parents question the value of a liberal arts education.  Their main concern revolves around whether the degree can help with job…

Read More

Class of 2021 Notification Dates Yuri Punj

School Class of 2021 Regular Decision Notification Date Allegheny College March 15, 2017 American University No later than April 1st Amherst College On or around…

Read More

Architecture Colleges in India and Career Scopes after B.Arch
Architecture Colleges in India and Career Scopes after B.Arch Tanmoy Ray

Architecture is an exciting career option that involves both creativity and technical aspects. But, how are the career scopes in India, what are the top…

Read More

Career Opportunities in the Gems and Jewellery Industry in India
Career Opportunities in the Gems and Jewellery Industry in India Tanmoy Ray

India’s fascination with the gems and jewellery dates back to the time of the Indus Valley Civilization. Traditionally, India has been the home to diamonds,…

Read More