How to know whether entrepreneurship is the right career

The Indian entrepreneurial ecosystem is 3rd largest in the world, after the USA and China. As per government data, India is home to close to ~ 61,500 start-ups and business set-ups. The market is moving at a scorching pace with new entrepreneurial set-ups mushrooming across a range of verticals, such as e-commerce, SAAS-based platforms, analytics, health tech, fintech & digital payment companies, trading, etc.

India’s attractive demographic profile and changing demographics alongside the need to stay innovative during the pandemic have turbocharged the segment. The Global and Indian PE fraternity has also been generous toward the Indian entrepreneurial ecosystem and poured in capital, thereby further pushing it ahead.

India emerges as a triumphant start-up powerhouse, and Indians’ interest in starting and owning a business is proliferating. Both working professionals and college students are now looking forward to the idea of starting their businesses.

In Indian society, which was largely middle-class job-driven, the stigma and reservations attached to starting-ups are now reversing. Family and friends are encouraging people to take risks and work on their ideas.

it should be noted that starting a business is not everyone’s cup of tea. The glitz and glamour of the entrepreneurial world are often contradicted by on-ground realities. Not every start-up is making commendable profits. In fact, only 20-25 percent of start-ups are EBITA positive.