Introduction:

The lack of opportunities in the formal sectors has driven many young people to strike our on their own. Many youngsters are leaving their their good paying jobs to establish their own small entrepreneurial ventures. This is the sector which is growing the fastest today. The big money in the long run and the freedom to choose their own rainbows are, of course, major guiding factors. Today, the scope and variety of self-generated work is unlimited. Home ventures too offer enormous opportunities for the enterprising. The range of options for self generated work in immense and many of these can even be conducted from home.

Area Of Work

Variety of self-generated work in unlimited.

Providing a service requires the least capital and involves less risk. These services are based on using ones time, skills and possibly any specialized training received. This can cover a large range of activities from freelance writing for magazines and journals to providing beauty care services or providing potted plants for homes or offices. Professionals in law, accountancy, system analysis, or even creative professionals such as copywriters, journalists and so on can be their own bosses while working independently for large organisations.

Selling or Marketing overlaps with both manufacturing and providing services. It could involved making something at home and delivering it to some clients. Or setting up some exhibitions for the same. Selling involves more initial organisation and business know-how, capital and risk than service venture.

Manufacturing covers anything from making children's clothes to high-tech components for industry. Manufacturing usually requires more skill, capital and risk than service and selling. You may need a physical premise for production.

Work of Entrepreneurs:

Most 'service industry entrepreneurs work from their houses or small offices that they rent. some of them also go in for freelancing and door-to-door services. This is a major growth area. Other ideas that have generated successful enterprise include the marriage planning service, theme parties, converence and exhibition services, travel services, and food catering service. Enterprising entrepreneurs can also start their own chains for restaurants delivery services. Computers and information technology industry offers good scope for self-employment. Services like coaching services, software development, graphics designing and website development are the main in this field.

Selling/Marketing is quite popular among entrepreneurs. The sales can be provided directly from homes to other official or residential locations. This may be something like providing complete packed lunched from homes to offices.

Entrepreneurs in manufacturing have to setup their own factories and small scale industries. The investment in this sector is far more than others. Industries in manufacturing ranges from cottages and villages industries (handicrafts etc.) to very sophisticated industries, which manufacture computer parts, television and other technical units.

Eligibility

For Undergraduate Courses: To start with the undergraduate course, you can get admission after 12^th or Higher Secondary degree from any recognised institution.

For Postgraduate Courses: For admissions in master courses, you should have completed your bachelor’s degree (BBA) in the related field from any recognised university or college.

Courses:

There are many courses available to pursue in the field of Entrepreneurship. You can pursue diploma, certificate, undergraduate and postgraduate programmes in this field. Many of the universities provide the free online course in entrepreneurship. Some most sought courses are listed below:

• Diploma in Entrepreneurship
• Certificate course in Women Entrepreneurs
• Certificate in Entrepreneurship Management
• Post Graduate Diploma in Entrepreneurial Management,
• Post Graduate Diploma in Entrepreneurship
• BBA Entrepreneurship
• Master of Business Administration in Entrepreneurship

Skills Required:-

• Problem solving skills
• Better understanding of business & market economics
• Teamwork and networking skills
• Creativity
• Good Communication Skills
• Self-confidence
• Risk-taking ability

Colleges:

• Amity Business School (Noida) – M.B.A in Entrepreneurship
• D Y Patil, Mumbai University (Mumbai) – M.B.A in Entrepreneurship Management
• Delhi Business School (Delhi) - specialization in Entrepreneurship & Business
• Deshpande Foundation (Hubli) – Master of Social Entrepreneurship
• EMPI’s centre for Global Business Entrepreneurship & Research (Delhi) - specialisation in Global Business & Entrepreneurship
• Entrepreneurship Development Institute of India (Gandhinagar) – specialisation in Business Entrepreneurship
• Entrepreneurship Development Institute of India (Gandhinagar) – specialisation in Development Sector and Social Entrepreneurship
• Enterprise Development Institute (Kolkata) – Diploma in Entrepreneurship
• European Management Institute (Delhi) – MBA in Entrepreneurship Development
• IIM Bangalore (NSRCEL) – specialisation in Entrepreneurs & Family Businesses
• IIM Bangalore (NSRCEL) – specialisation in Women Entrepreneurs
• IIM Indore - specialisation in Family owned Businesses & Entrepreneurship
• IIPM (Delhi) – B.B.A/M.B.A in Planning and Entrepreneurship
• Indraprastha College of Management & Technology (Jodhpur) – specialisation in Entrepreneurship & Business Management
• Infinity Business School (Gurgoan) – specialization in Entrepreneurship
• Institute of Marketing and Management (Delhi) - specialization in Entrepreneurship
• International College of Fashion (Delhi) – M.B.A in Entrepreneurship (Fashion)
• ISB (Goldman Sachs - Hyderabad) – Certificate course in Women Entrepreneurs
• ISB(Wadhwani Foundation - Hyderabad) – specialisation in Global Growth Entrepreneurship
• JGI Group (Bangalore) – specialisation in Entrepreneurship, Entre & Mgt,
• KIIT School of Management (Bhubaneshwar) – M.B.A in Entrepreneurship
• Kohinoor Business School (Pune) – M.B.A in Entrepreneurship
• L.N. Welingkar (Mumbai) – specialisation in Family Managed Business
• Lal Bahadur Sastri Institute of Management - specialisation in Entrepreneurship
• Master School of Management (Meerut) – specialisation in Entrepreneurship
• Mudra Institute of Communication (Ahmedabad) – specialisation in Communications, Management & Entrepreneurship
• Nirma Institute of Management (Ahmedabad) – M.B.A in Family Business and Entrepreneurship
• NMIMS (Mumbai) – M.B.A in Social Entrepreneurship
• Rai Business School (Delhi) – specialisation in Planning and Entrepreneurship
• SPJIMR (Mumbai) – specialisation in Family Managed Business
• Tata Institute of Social Sciences (Mumbai) – M.A in Social Entrepreneurship
• Xavier Institute of Management & Entrepreneurship (Bangalore) – specialisation in Entrepreneurship Development
• XLRI (Jamshedpur) - Certificate in Entrepreneurship Management

Career Scope:

“In this field, you will have plenty of career options to choose from.”

Entrepreneurship as a profession gives a great sense of independence & remarkable amount of job satisfaction.

Today, more & more young people are adopting entrepreneurship as a career option.

As an entrepreneur, you can start up your own business but if you are not ready to begin your own business, there are also other options available to use your entrepreneurship degree.

You can work as a business consultant in various government and private companies. You can also perform teaching jobs at colleges and universities.

Some job titles are:-

• Small Business Owners
• Business Consultants
• Business Reporters
• Fundraisers and Development Officers
• Sales Managers
• New Venture Developers
• Teaching/Faculty

There are various business and job opportunities for the students who have completed their degree in entrepreneurship. You can run your own business in India as well as in foreign countries.

Job Areas:

• Own business
• Job in industries
• Jobs in mid-level Management
• Accounting
• Office Administration
• Sales
• Economics
• Business Consultant
• Business Reporter
• Financial Analyst
• Marketing Manager

Challenges:

• It requires you to dedicate a huge amount of time.
• It is very important for an entrepreneur to stay competitive.
• It does not guarantee 100% success initially.
• It comes with unpredictable work schedules.
• Being an entrepreneur often means giving up the security of a regular paycheck. If business slows down, your personal income can be at risk.
• While making all the decisions can be a benefit, it can also be a burden. Being an entrepreneur comes with a lot of paperwork that can take up time and energy.
• It can be lonely and scary to be completely responsible for the success or failure of your business.

Remuneration

In this field, salaries will vary upon your hard work, education, your experience in the working field, working area, etc. Once you get settled with a name & fame in your business, your earnings will be beyond the limit.

Bibliography: "Education In India - Schools And Colleges In India." Indicareer.com. N.p., 2017. Web. 19 Aug. 2017.

Career In Entrepreneurship: Courses, Scope, Jobs, Salary." SarvGyan. N.p., 2017. Web. 13 Sept. 2017.

"Pros And Cons Of Being An Entrepreneur." Source.southuniversity.edu. N.p., 2017. Web. 28 Sept. 2017.