Don’t fall prey to unauthorised mobile apps, cautions RBI
Profit and Market share alone does not qualify and quantify them for the standard that they possess from an eminent institute that they belong to, we may see many of such Entrepreneurs who have come up as business giants with Simple education or nearly insignificant qualification largely.
Do this alone justify the means? (You may have your perspective on this.)
To become an entrepreneur you need not be a graduate from a top institute. If you think so, I may also request you to think of graduate scholars from prime institute each year vis-a-vis Entrepreneur they become who are efficient in Growth journey, Sustainability, and their contribution to the society.
Let us see a few things that make that makes an entrepreneurial journey complete.
Zeal: Entrepreneur if you want to be, you need to start looking out for Problems around you and think of what you can do for it. You need to have the Zeal to undergo learning and gain insights with an open mind.
Brainstorming: Connect with the Field Experts, Peers, or thought leaders who can share ideas and experience for more Idea generation that can help you with solving a real-world problem, give back to the Society and yet generate money.
Problem Identification: Once you have done with your brainstorming, chart-down out fine problem that can lead to a specific Process design that helps you in Fund generation, Market Viability (for the Product or Service), Sustainability, Executable Action Plan and Scalability in the future.
Be S.M.A.R.T: Make your business idea a SOLUTION (Product or Service) that can a MEANINGFUL contribution to the user that is ADVANTAGEOUS and can help the user with RE-ACTIONABLE support that bring in utility for long sustainable TIMELESS duration of scalability.
Believe that once you have these in place, you are almost ready for the journey of Entrepreneurship.
However, there are other Challenges, Psychological Preparation and Sacrifices that you need to think of before your venture.
I do assume that you have made your buffer for the uncertainty with coverage of life in absence such as Term plan, Life Insurance & Health Insurance. If not plz do these in priority.
Saving & Investment are the 2 key track that can keep your life and goal with focus & forward.
Always keep note on few traditional approach of investment such as PPF, FD, RD, Savings account handy for secured options.
Next look out for lower risk options of investment such as Bonds, Corporate FD, Mutual Funds, Money Back Scheme, Govt. Bonds etc.
Now last on aggressive investment with high risk on Gold, Property, Shares, Futures, Options, Trading, etc
If you are still interested to look for quick money with extra money you shall look out for Gambling online, Horse Race, Lottery other legal means possible.
It’s always better to start early than late, also late than never.
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