Entrepreneur

Transforming passion into profit through innovative entrepreneurship.

About

An entrepreneur is a person who creates and manages a business venture to make a profit or fulfil a need in the market.  Their job roles include sales and marketing, business planning, leadership and management, resource management as well as risk management.  They identify business opportunities and generate ideas for products, services or solutions that can meet the needs of consumers and help the organisation to grow effectively. 

To become an entrepreneur, the aspirants must be able to adapt to changing market conditions, identify new opportunities as well as innovate enough to stay ahead of the competition. Overall, the job of an entrepreneur involves creating and managing a business venture, identifying opportunities, developing business plans along with generating revenue. Entrepreneurs are required to have strong leadership as well as management skills to be successful.

Eligibility

For Bachelor’s

  • The scholars are required to clear their 10+2 board examinations with a minimum of  60% grade from an authorised education board.
  • The aspirants can pursue a Bachelor's degree in any field such as finance, IT, sales and marketing, healthcare and so on. 

 For Masters

  • Successful graduates must enrol in an MBA programme to gain management skills and professionally manage the business.
  • Management skills are most important when starting a business. 

Job Roles

The job roles and specific duties of an entrepreneur are listed as given below: 

  • Management
  • Sales
  • Public Relations
  • Finance
  • Customer Services

Top Recruiters

Entrepreneurship is a diverse field and the top recruiters for entrepreneurs can vary depending on the industry, sector and type of business. However, here are some top recruiters of entrepreneurs:

  • Venture capital firms
  • Startups
  • Consulting firms
  • Corporate innovation teams
  • Non-profit organisations
  • Government agencies

Employment Sector

  • Healthcare
  • E-commerce
  • Social Media
  • Digital Marketing
  • Technology
  • Construction 
  • Restaurant
  • Advertising
  • Publishing Sectors

Salary

The pay for an entrepreneur can vary according to a variety of factors including the size of the company, the location, the industry and the number of years of experience.

 

Level of Salary

Salary Package per Year

Starting Salary

Approx ₹6,00,000

Mid Level Salary

Approx ₹15,00,000 

Senior Level Salary

Approx ₹25, 00,000 

Skills

  • Creativity and innovation
  • Risk-taking
  • Strong work ethic
  • Leadership skills
  • Sales and marketing skills
  • Financial management skills
  • Networking and relationship-building skills
  • Passion and determination

Scope

Entrepreneurship offers a wide range of career opportunities and paths. The career scope of entrepreneurship is diverse and offers numerous opportunities to individuals who are passionate about innovation, problem-solving as well as driving growth and change.  They can work in a variety of industries and sectors, start their own businesses, work for startups, consult, invest in new businesses, teach, work for non-profit organisations or work in corporate innovation teams. These specialists can start their own business to earn profit in any field such as restaurants, finance, digital marketing and so forth. 

Benefits

  • Freedom and flexibility
  • Creative fulfilment
  • Financial potential
  • Job security
  • Personal growth and development
  • Impact and contribution
  • Networking opportunities
  • Leadership Skills 

Drawbacks

  • Financial risk
  • Long hours and high stress
  • Uncertainty and instability
  • Limited social life
  • Responsibility and accountability
  • Lack of job security
  • Isolation and loneliness
  • Limited resources