Why consider entrepreneurship as a need of the time?
Entrepreneurship is much beyond just doing a nine-to-five job. It plays a vital role in economic development, providing jobs, improving living standards, and bringing dynamic changes.
India is in strict need of new entrepreneurs because it needs an array of new ideas. It will fill the gap of growth and development in the country. Entrepreneurship is viewed as a change. It is due to the impact of the pandemic that increased unemployment drastically. So, it is time to think creatively and do innovation. Take a step and build your own company, be your boss.
There are various reasons which depict the need for entrepreneurship at the moment:
1. Entrepreneurs are in high demand: The world is evolving rapidly. If you are not enjoying your career, you have that quest, the thirst of doing something of your own, and have no further learning and development scope in your job; then entrepreneurship would be the best choice for your career growth.
Join CollabAct if you do not have any business knowledge or support. CollabAct will coach you to become the best business influencer. We are here to fill the gap between candidates and unemployment.
2. Entrepreneurs create a new business: Entrepreneurs offer new products and services which result in new employment. It will impact the economy vigorously. There is a high demand for innovation and creativity that will ultimately lead to a new invention. Entrepreneurship provides entry-level jobs to train or gain experience.
3. Entrepreneurs add to national income: They are responsible for generating new wealth. Entrepreneurs enable the market to develop new wealth through new technologies or products. The increased rate of employment has resulted in greater earnings, contributing to better national income in the form of tax revenue and higher government spending. Government can use this revenue to invest in other struggling sectors and human capital.
4. Entrepreneurs create social change: Due to their unique offerings of new products and services, entrepreneurs divert from traditional systems and support new and innovative ideas and technologies. Therefore, this results in improved economic conditions and improving quality of life.
5. Innovation: The importance of entrepreneurship increases when it comes to innovation. That is the reason why entrepreneurs are called the incubator of innovation. Innovation, research, and development together contribute a major factor to entrepreneurship.
It is the hard work of entrepreneurs that today there are new ventures, products, technologies, services, and goods. It has resulted in increased GDP and improved the living standard of people.
6. The feeling of ownership: Sometimes, you do not want to do your monotonous nine to five desk job. You might think of creating your own business. The reason could be, you are paid peanuts for remuneration & you are passionate to do something out of the box. You want to be the boss of your own who can think for himself.
The only thing you need to do is to register with CollabAct. If you have a growth mindset and are ready to explore the new business world, we have a provision for you. With CollabAct, you get skill-based and mind-based training. It will get you an idea about which field would be helpful for you in your career growth.
7. Community development: Entrepreneurs constantly collaborate with other like-minded individuals. It benefits them for the growth and development of their business. They also make charities and make investments in community projects. It leads to development beyond their ventures.
8. Free market evolution: Entrepreneurship is needed in a free market because they tend to make changes in prices and goods according to consumer preferences. It will help create competition, and services will remain up to the mark.
Join CollabAct if you are interested in innovation and creativity and desire to become an entrepreneur. Through CollabAct, you will get training to become a Business Influencer. You get to choose to work in the field you like and gain experience. Once you get an experience of the actual business, you can start your own thing. And CollabAct will be your constant support.