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How to become a Entreprenuer in India

Ankit Agrawal - Friday 1st January 2021

Career in  Entrepreneurship

Career in Entrepreneurship

 

Are you passionate to start your own business? Do you like to lead?  If yes, then you should consider being an Entrepreneur. 

 

Entrepreneurship is the art of coining a novel idea and translating it into a financially profitable business. Business can be service-based, product-based or process-based. As an entrepreneur, you should develop your overall skills in product designing, marketing, selling, time management and also money management. Life of an entrepreneur is very flexible but also challenging. An entrepreneur has to be very hardworking, persistence, structured, well organised and a very brilliant leader. 

 

Example: Today, when you hear apple, the first thought that comes to your mind is Steve Jobs and not the fruit. It fits as a perfect example of a successful entrepreneur, whose success is self-explanatory. He did not build this overnight, he too started as a small start-up and stuck to it till the end. Dhirubhai Ambani, the most successful business tycoon of India, founder of Reliance, also started from scratch and ended up building such a vast empire.

 

What are the roles and responsibilities for Entreprenuer?

 

  • An entrepreneur develops and executes new ideas.
  • Identify, develop, or evaluate marketing strategy, based on knowledge of establishment objectives, market characteristics, and cost and markup factors.
  • Formulate, direct, or coordinate marketing activities or policies to promote products or services.
  • Work extensively with advertising or promotion managers.
  • Evaluate the financial aspects of product development, such as budgets, expenditures, research and development appropriations, or return-on-investment and profit-loss projections.
  • Develop pricing strategies, balancing firm objectives and customer satisfaction.
  • Compile lists describing product or service offerings.
  • Direct the hiring, training, or performance evaluations of marketing or sales staff and oversee their daily activities.
  • Consult with product development personnel on product specifications such as design, colour, or packaging.
  • Use sales forecasting or strategic planning to ensure the sale and profitability of products, lines, or services.
  • Analyze business developments and monitoring market trends.
  • Negotiate contracts with vendors or distributors to manage product distribution, establishing distribution networks or developing distribution strategies.
  • Coordinate or participate in promotional activities or trade shows.
  • Work with developers, advertisers, or production managers, to market products or services.
  • Initiate market research studies or analyze their findings.
  • Confer with legal staff to resolve problems, such as copyright infringement or royalty sharing with outside producers or distributors.
  • Consult with buying personnel to gain advice regarding the types of products or services expected to be in demand.

How to Become an Entreprenuer in India?

There are 2 ways to become an Entreprenuer in India

Career Path 1

Student can do 12- Any stream. Then complete Graduation in any discipline. Further you can Proceed with MBA .

Career Path 2

Student can do 12- Any stream. Then complete BBA. Further you can Proceed with MBA-Family Business.

What are the key skills required for Entrepreneurship?

  • Strategic Management
  • project Management
  • Communication Skills
  • Excel
Should I become a Entreprenuer
Check your career fit for Entrepreneurship in 35 Min

What are the career opportunities in Entrepreneurship?

  • Business head
  • Entrepreneur
  • Team lead
  • Manager

What is the salary and demand for Entreprenuer?

  • Demand is High for Entrepreneurship.
  • Salary levels are High for Entrepreneurship. For fresher average salary is more than 5 Lacs.
  • Fees levels of the course is Medium. To pursue this course student need to spend 3 to 4 Lakhs.
  • Level of preparation for Entrepreneurship is Medium. Students spend 1 Year. to prepare for entrance test of Entrepreneurship.

1 Fees
Medium
2 Demand
High
3 Salary
High
4 Level Of Preparation
Medium

Career Videos for Entrepreneurship as a career curated from Youtube

What are the best colleges for Entrepreneurship in India?

For Graduation

  • Nirma University - [NU], Ahmedabad
  • Symbiosis International University - [SIU], Pune
  • Jamia Millia Islamia University-[JMI], New Delhi
  • Jamia Hamdard University, New Delhi
  • Guru Gobind Singh Indraprastha University - [GGSIPU], New Delhi
  • Symbiosis Centre for Management Studies - [SCMS], Pune
  • Shree Guru Gobind Singh Tricentenary University - [SGT], Gurgaon
  • ICFAI Foundation for Higher Education - [IFHE], Hyderabad
  • SP Jain School of Global Management -[SPJSGM], Mumbai
  • Banasthali Vidyapith, Jaipur

For Post Graduation

  • Indian Institute of Management - [IIMB], Bangalore
  • Indian Institute of Management - [IIMC], Kolkata
  • Indian Institute of Management - [IIM], Lucknow
  • Xavier Labour Relations Institute - [XLRI], Jamshedpur
  • University of Delhi, Faculty of Management Studies - [FMS], New Delhi
  • Indian Institute of Management - [IIMK], Kozhikode
  • Management Development Institute - [MDI], Gurgaon
  • Indian Institute of Foreign Trade - [IIFT], New Delhi
  • SP Jain Institute of Management and Research - [SPJIMR], Mumbai
  • Institute of Management Technology - [IMT], Ghaziabad

What are the best entrance exam for Entrepreneurship in India?

For Graduation

  • Uttar Pradesh State Entrance Exam-UPSEE 2022
  • Guru Gobind Singh Indraprastha University Common Entrance Test-IPU CET 2022
  • National Test for Programs After Twelfth-NPAT 2022
  • BHARATI VIDYAPEETH UNDERGRADUATE MANAGEMENT APTITUDE TEST-BUMAT 2022
  • University of Petroleum and Energy Studies Design Aptitude Test-UPES DAT 2022
  • Dayanand Sagar Admission Test-DSAT 2022
  • PES Scholastic Aptitude Test-PESSAT 2022
  • APIIT National Aptitude Test-APIIT NAT 2022
  • Siksha O Anusandhan University Admission Test-SAAT 2022
  • Uttaranchal University Entrance Examination-UUEE 2022

For Post Graduation

  • Common Admission Test-CAT 2022
  • Graduate Management Admission Test-GMAT 2022
  • Management Aptitude Test-MAT 2022
  • Xavier Aptitude Test-XAT 2022
  • Common Management Admission Test-CMAT 2022
  • Odisha Joint Entrance Examination-OJEE 2022
  • Uttar Pradesh State Entrance Exam-UPSEE 2022
  • Maharashtra Common Entrance Test-MH CET 2022
  • Tamil Nadu Common Entrance Test-TANCET 2022
  • Guru Gobind Singh Indraprastha University Common Entrance Test-IPU CET 2022

Is career in Entrepreneurship good choice for me?

Should I become a Entreprenuer? not sure. Take 20 Min free career test to find out are you fit for career in Entrepreneurship.Check career suitability for Entrepreneurship

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