Entrepreneurship

Job Prospects

Identify a business idea or opportunity that fills a gap in the market and following it up by drawing and executing a rational plan of action is Entrepreneurship in a nutshell. It is a common misconception that a lot of money is required to begin a business venture. The fact is that very often a ‘brilliant idea’ meticulously executed succeeds with little investment compared to mundane ones that exhaust resources. The first thing that working professionals making the switch to Entrepreneurship need to assess is whether they can stop depending emotionally and financially on their monthly salaries. They should plan in advance for the initial stage, when work and profits may take some time to grow inspire of investments, by increasing their saving. To minimize risks, they should develop in advance a financially sound plan of action for their enterprise. This scrupulously worked out plan must highlight amount (saving, a bank loan, family, friends or investors), initial investments, expenditures, expected income and goals to be achieved.