The tips given by Mr. Sanjeev are a great summary from his rich experience. However, the tips are at best good for a casual article with views on entrepreneurship.
The speech with inadequate and inappropriate tips is not a reflection of Mr. Kumar's experience or ability to express. It is just that he spoke on a difficult topic.
Mr. Kumar highlighted obvious aspects of entrepreneurship such as long gestation; high cost; requirement of leaders; perseverance, uncertain; ; communication; culture; and cyclical nature. All the above characteristics can be found in the first chapter of any standard management book.
Perhaps what was required was the insights laced with personal examples of how to start and run a business.
Entrepreneurship is about creating value. It is not about understanding the environment and managing variables in a business. Any business person would need that.
I wonder how much utility such an article would have for budding entrepreneurs. Anyway, the real budding entrepreneurs would perhaps not be attending too many lectures but would already be running a business on the road less travelled.
in the indian economy it is easy to sustain for an entrepreneur tfor new innovative businesses, economy of india is devloping and a opputrtunity for entrepreneurs who want to squeeze profit out of them .
I agree to that. Looking to rising costs of living in tier-I cities like bangalore, hyderabad it becomes very difficult for companies to operate out of those cities. The manpower cost, land cost, amenities & support services all have become much costlier as compared to those in tier-II cities. In turn it just offers brand name, connectivity and some infrastructural facilities. What we need to do is find a mix of two. Have presence in top cities with majority of work being done at tier-II cities. Even outsourcing can be a good option to save self from headache of maintaining operations in tier-II cities.
