How to start business after 12th | Vault News

Many of us wonder why kids usually say things like “I want to be an ENGINEER,” “I want to join the CIVIL SERVICE,” “I want to be a DOCTOR,” and so on, but a student from a low-income household cannot say things like “I want to start a business or an entrepreneurship.” Because Indian families assume that business is the domain of the wealthy. There are numerous factors that prevent a middle-class student from pursuing his or her desire of starting a business. The main factor could be a lack of money sources. Apart from your education, the majority of families are really tight-fisted about providing you with resources.

Best career options for 12th pass students, This could be a great future opportunity. Read this blog to know more about Career.

After you graduate from college and become a member of a “good family,” educated and all, great things will be expected of you in the field of education. But if you ask your parents for some money to start your business, you’ll understand what I’m talking about. If they don’t have it, that’s OK; nevertheless, even if they can assist you, they will almost always encourage you to “find a job.”

You can be a successful entrepreneur even if you were born into a middle-class family. Here are some successful entrepreneurs who came from a middle-class household and have gone on to become great businesspeople. to mention a few

  • DHIRUBHAI AMBANI, the POLYESTER PRINCE who sold bhajia at the village fair.
  • A poor Ukrainian immigrant who becomes a MOGUL IN THE SILICON VALLEY: KOUM, JAN
  • SAMUEL WALTON, the RETAIL GIANT who had to milk cows and sell newspapers.


Many great entrepreneurs, like them, were not wealthy when they first began their businesses.

IMAGE SOURCE: DREAMTIME

Now, what exactly an entrepreneur means?

As a result, an entrepreneur is someone who starts a firm, organises it, raises funds to fund it, and takes on all or part of the risk of running it. To put it another way, entrepreneurship is the process of starting a new firm.

How to start a career as an Entrepreneur?

THE LIFE OF AN ENTREPRENEUR IS EXTREMELY DIFFICULT. Hardworking, social, persistent, smart, creative, risk-taking, and excellent relationship management skills are all required.

The field of entrepreneurship has a very broad scope. You can start your own business when you finish your degree. INDIA has a thriving entrepreneurial culture. Youths, on the other hand, are eager to begin their entrepreneurial path. In recent years, a group of students has gravitated toward entrepreneurship as a means of putting their ideas into reality. Many educational institutions, including as universities and colleges, are encouraging students who desire to pursue entrepreneurship professions by offering such courses in addition to the typical business management degree.

COURSES & DURATION

Now we’ll talk about the courses we’ll need to take in order to start a career as an entrepreneur. We can study a variety of courses in this sector, including diploma, certificate, under-graduate (UG), and post-graduate (PG) programmes.

The following are some of the most popular courses in this field:

Diploma in Entrepreneurship
Certificate course in Women Entrepreneurs
Certificate in Entrepreneurship Management
Post Graduate Diploma in Entrepreneurial Management,
Post Graduate Diploma in Entrepreneurship
BBA in Entrepreneurship
MA in Social Entrepreneurship
Master of Business Administration (MBA) in Entrepreneurship
Master of Business Administration (MBA) in Family Business & Entrepreneurship

In the topic of entrepreneurship, there are numerous courses to choose from. In this field, you can study diploma, certificate, undergraduate, and postgraduate programmes. Several colleges provide a free online entrepreneurship course.

IMAGE SOURCE: DREAMTIME

BASIC ELIGIBILITY 

FOR UNDERGRADUATE COURSES:- To begin, you can enrol in undergraduate studies after completing your 12th or Higher Secondary School diploma from any accredited institution.

FOR POSTGRADUATE COURSE:-To be considered for admission to the master’s programme, you must have earned a bachelor’s degree (B.B.A.) in that field from a recognised institution or college. You should have to take entrance tests for PG courses (M.B.A.). The following are some of the entrance tests for admission to M.B.A. programmes.

  • CAT
  • MAT
  • XAT
  • CMAT
  • GMAT

IMPORTANT INFORMATION

  • There are no prerequisites for being an entrepreneur.
  • All that is required is a brilliant idea, execution expertise, and devotion.
  • A solid educational background can improve one’s chances of succeeding.
  • Entrepreneurship and Family Business programmes are available at most of the country’s leading business institutions.

TOP ENTREPRENEURSHIP INSTITUTES IN INDIA

1. XLRI, Jamshedpur  Post Graduate Programme for Certificate in Entrepreneurship Management (PGPCEM)- TOP ENTREPRENEURSHIP INSTITUTES IN INDIA

2. Entrepreneurship Development Institute of India (EDI), Gandhinagar – Post Graduate Diploma in Management – Business Entrepreneurship (PGDM-BE)- TOP ENTREPRENEURSHIP INSTITUTES IN INDIA

3. S.P. Jain Institute of Management & Research (SPJIMR), Mumbai – Start Your Business Certification Program (SYB), Grow Your Business Certification Program (GYB), The Entrepreneurial Manager (TEM)- TOP ENTREPRENEURSHIP INSTITUTES IN INDIA

4. Narsee Monjee Institute of Management Studies (NMIMS), Mumbai – Full Time Master of Business Administration (Entrepreneurship & Family Business), Part Time MBA (Social Entrepreneurship)- TOP ENTREPRENEURSHIP INSTITUTES IN INDIA

5. Xavier Institute of Management & Entrepreneurship (XIME), Bangalore – Entrepreneurial Development Programme (EDP)- TOP ENTREPRENEURSHIP INSTITUTES IN INDIA

IMAGE SOURCE: DREAMTIME

Business Schools in India Offering Entrepreneurship Management Programs

The term “entrepreneur” comes from the French word “entreprendre,” which means “to start something.” Aspiring entrepreneurs fantasise about starting a firm, developing an inventive idea, or developing a product on their own. However, turning a business idea into a successful firm requires more than just meticulous planning and execution; you also need to learn the correct set of abilities to help you start, expand, and diversify a business from the ground up.

Entrepreneurship management courses may be advantageous because they can improve your knowledge, abilities, and attitude. They can also provide valuable opinion and information from senior executives or business moguls. These courses might also assist you in analysing the current business climate and developing your analytical skills.


WHAT ARE THE CAREER SCOPES IN ENTREPRENEURSHIP?

Let’s talk about the opportunities in the sphere of entrepreneurship now.

We’ve just covered the fundamental requirements or, to put it another way, the prerequisites for being an entrepreneur. However, the most crucial aspect of it has yet to be elucidated. So, now we’ll talk about the traits that a person should have in order to be a great entrepreneur, and we’ll talk about how money isn’t the only thing that makes someone a successful entrepreneur; it’s also about having flawless talents and the best characteristics.

CHARACTERISTICS OF AN ENTREPRENEUR

1. ABILITY TO TAKE RISKS:

“The ability to take risks is key to becoming a successful entrepreneur,” Mark Elliot Zuckerberg, one of the world’s most successful entrepreneurs, said. As we all know, Mark Zuckerberg is one of the world’s youngest billionaires, having taken the risk of starting a business at such a young age. It’s the first step toward becoming an entrepreneur. It is important to understand that there is a high risk of failure if you attempt to begin this.

2. VISIONARY:

As an entrepreneur, having a clear vision is like having a compass that points you in the right direction. A visionary entrepreneur motivates a person in the direction of success. Consider the following scenario: – Paytm’s founder grasped the significance of India’s demonetization (8 November 2016) and predicted that the demand for online transactions would increase, and that they would grow exponentially over time. As a result of this amazing foresight, Paytm is currently India’s largest online money transaction platform.


3. INNOVATION :

People’s needs and new trends should be dealt with by an entrepreneur. An entrepreneur should be able to come up with new concepts. As everyone observes, we begin to notice new and different features. Artificial Intelligence and other innovative ideas are the world’s new incoming future.

4. FLEXIBILITY:

It should not be necessary for the entrepreneur to be rigorous. They must be adaptable and changeable in response to changing circumstances. He must be able to adapt to changing industry trends. As an example: Mark Zuckerberg has been chastised for his handling of the public’s privacy concerns, therefore he has bowed to public opinion. He promised that citizens will have more privacy rights. As a result, he swiftly adapted to the situation and gave in as a result.

[So, ENTRENEURSHIP is neither a SCIENCE nor an ART. It is a PRACTICE.]

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