PUNE Nande Campus

S. No. 44/1, 44 1/ 2, Nande Village
Pashan Sus Road, Taluka Mulshi
Pune 412 115
Dolamani Sahu: 07757029572
  020 66754651/64
  07757029571
  020 66754678
  admissions@isbm.ac.in

PUNE Mulshi Campus

Mulshi Group of Institute
Gat No. 237-243
Near Malhar Machi Resort
Sambhave Tal Mulshi
Pune 412108
7757029572

KOLKATA Campus

A constituent of People's Empowerment Group Foundation
Premises No. 330/2, Pujali Trunk Road,
Ward No. 9, Mouza – Rajibpur, JL No. 43, 
Police Station – Budge Budge, 
Kolkata 700138, West Bengal
Landline: +91 33 24820019
Biswanath Thakur: 09230562572
Baishakhi Chatterjee: 09230562601
  admissions.kolkata@isbmk.edu.in

BANGALORE Campus

Plot No. 241
Sompura Industrial Area
Niduvanda Village
Sompura Hobli, Nelamangala Taluk
Bangalore 562132
07757029572
080-29717901/ 080-27700169 / 27700170
  admissions@isbm.ac.in


Bangalore City Office

301, Anand Chambers,
# 27 Elephant Rock Road,
In front of Central library,
3rd Block, Jayanagar
Bangalore - 560 011
Dolamani Sahu: 07757029572
Landline no : 080 41612929

Lucknow City Office

B-1/96, Near Jaipuriya College,
Vineet Khand, Gomti Nagar,
Lucknow – 226010
Shimul Banerjee: 09519218833
Avijit Banerjee: 09830991821

Gurgaon City Office

Rectangle No. 41,
Maidawas Sector – 64
Gurgaon, Haryana – 122101
Vijay Kumar: 09899115369
Avijit Banerjee: 09830991821

ENTREPRENEURSHIP: WHY NOT?

ENTREPRENEURSHIP: WHY NOT?

Student

Richard Branson of the Virgin Group certainly made a point when he said, “A lot of those people who are laid off can become the entrepreneurs of the future.” But rather than wait to get downsized, superannuated, made redundant and all the other rather euphemistic terms used to tell you that you are no longer wanted, it is definitely wiser for young management students to look to entrepreneurship as the better alternative to make their way in the world.

At the VIth Annual Global Entrepreneurship Monitor 73 million people the world over are either budding entrepreneurs or own or manage a young business. Furthermore, the same study has shown that entrepreneurial activity increases with a reduction in GDP. Look at India today and right now. Are we not in a situation where entrepreneurship can be gainfully encouraged since the “employability” of a young graduate is at its lowest ebb? To quote Michael Hay, Deputy Dean and Secretary of London Business School and Co-Director of the GEM Global Project, "This year's GEM Global report has developed an even better understanding of the place of entrepreneurship in driving the performance of countries across the world. We can say with certainty that entrepreneurship, while different from country to country, is just as important in the developing countries as in the developed ones. Given the current focus on rebuilding and regenerating the tsunami-struck nations and many African nations, we cannot afford to ignore the role of entrepreneurship in driving inclusive economic development for all." The last sentence of the quote could very well include “developing nations” such as India.

In India today we need to encourage the young towards entrepreneurship. Why should they be steered towards entrepreneurship? Here are some answers:

  • They can not be made redundant.
  • They will find this more reliable than working for an employer.
  • They will be their own “bosses”.
  • They will be able to implement freely their own ideas.
  • Any effort they put in will be to their own benefit and will most certainly be translated into an increase in their financial worth.

It is perhaps coincidental that the young today are gravitating towards entrepreneurship. Over the last couple of years students from some of our best management institutes have created headlines when they have chosen to work for themselves rather than for “somebody else”. Think of all the start-ups which have been phenomenally successful… think Flipkart, Flikr, Snapdeal, Myntra, OYO, and a myriad others. It has been documented that entrepreneurship is increasingly an option of choice rather than of circumstance.

What can be done to help those students who do want to become entrepreneurs? They would need help, guidance and direction. Most young people today are ++ when it comes to confidence and their very positive attitude towards life. They are also fairly focused and know what they want from life. So it is help and guidance that they need. There are very few agencies that provide this service in India. In the greater London area, for example, Capital Enterprise, a not for profit organisation, provides this service to the budding entrepreneur. You must have an idea though, and then you are guided through the various steps of setting up a business, right from getting a loan to setting up the organisation. It is therefore evident that such agencies are needed in India, in the cities and in other areas too, because the rural areas very often provide plenty of opportunities for entrepreneurship.

Students graduating from ISB&M have always been successful in finding satisfying and lucrative careers. But for those who prefer something different “Go on. Do it now.”

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