23/05/2017 | By Fixpocket
When it comes to exploring career options after graduation, most graduates aim to find employment at their dream firm, be it Google, TCS, TATA, Infosys or Reliance.
However the skills obtained from education aren’t useful just for traditional employment, but can also be applied to establish your own star-up and expand it into a fully mature firm such as Facebook, Uber or Amazon. As Adora Cheung - cofounder and CEO of one of the Hottest U.S. Startups of 2013 Homejoy- says “Startup is a state of mind”.
The number of graduates opting to create their own startups is on a rise; and so is the rate of students graduating every year, while the numbers of available employment opportunities remain highly insufficient to accommodate it, this has created- along with the advancement in smartphone and internet technology- a lucrative opportunity for start-ups giving them a wide variety of workforce available to choose from, while the market too has expanded from trading of physical goods to intellectual property, services and data analysis.
As a result in these recent years more and more firms are moving their services to digital platforms, and many conventional services have taken digital form, not just the software based.
This innovation has allowed entrepreneurs of all skills and capitals to find an opportunity for starting a business in their field of expertise and the service they want to provide, such as marketplace startups like Flipkart, Snapdeal and Shopclues. Service based startups such as Ola, Helpshift Technologies, 91mobiles and Zoomcar. Social Media startups like Facebook, Flipboard, Periscope and Yik Yak or wallets like Paytm and Freecharge.
In 2016 alone, $4 billion were invested across more than 19,000 startups in India. And taking a note of it the Government of India has spet up its process of clearance for industry and infrastructure to support its ‘make in India’ initiative.
Being an entrepreneur especially in this age also happens to allow oneself to challenge more aspects of self; testing skills in leadership, perseverance, patience and management.
“I never thought of myself as an entrepreneur” says Dhiraj C. Rajaram, the founder of Mu Sigma, which raised a total of 163 million dollars in funding over its 9 years of existence holding the distinction of securing the largest funding round ever by a business analytics company. “I never wanted to start a company or anything like that. I was happy, doing what I was doing. There were few thoughts that led to how the company got started.” Dhiraj explains what led to creation on Mu Sigma was his never-ending urge to learn, wanting to separate the noise from signals in terms of information that travels in business and his belief that innovation was nothing but a chance in business.
One thing that is obvious is that the tradition is shifting, and while few years ago parents would’ve encouraged their young graduate sons and daughters to find a high-paying job, today the new buzz is having your own start-up.
“Look at Sharmaji’s son, he made his own start-up!”.