Are there two distinct approaches to entrepreneurship? Let’s see.
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| Prashanth Hebbar |
Consider a person new to a city with the only skill to draft legal documents. He has to find a livelihood. He gravitates to the local court complex. Borrows money and sets up a cheap computer and a printer in a corner of a shop for a miniscule rent. Makes his living typsetting neat documents for litigants and lawyers. He opens his shop sharp at 9 in the morning and closes way past 9 in the evening.
In a few years, he buys a shop of his own. He has set up many computers and printers and added other facilities. Through sheer dint of hardwork and showing up day in and day out, rain or shine, our draftsman has graduated from a mere livelihood seeking professional to an entrepreneur.
In a couple of decades, our draftsman has set up a BPO which handles drafting legal document and digital archiving for international
legal houses. He is now a celebrated public personality.
Let’s take another case. A group of students who are passionate about automobiles get together to develop a solar-powered single seater car. Through encouragement from their college and a local industry they win a national award and go on to make a mark in the international contest.
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| Fifty exciting and economically feasible business ideas for entrepreneurs who dare to be one |
Encouraged by their achievements and the response they receive globally, the group decides to pursue it as their life's passion. They set up a company to build low cost solar-powered rowers for use in tough terrains such as mines and desert operations. Venture capitalists make a beeline to their door to invest in their venture.
In a few years, the company is bought out by a leading automobile manufacturer. The group of four breaks up to pursue different interests. Couple of them regroup to start a new venture, this time, aiming at space exploration. Others decide to step away from entrepreneurism and do stuff they “always wanted to do.”
There definitely appears to be two distinct approaches. One a low-key, ordinary livelihood seeker rising up the din of ordinariness. The other one driven by passion, excellence and ingenuity building stuff a society wouldn’t have imagined before.
The common thread though is hard work.
Check our ‘50 Businesses Under 50 lakh’ feature and you will realize how easy it is to put together ideas but tough to execute. We Dare you to start.
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