Entrepreneurship involves all the efforts taken to become an entrepreneur. By definition, entrepreneurship stands for all activities that include innovations, financial and business steps taken to transform mere innovations into economically viable goods. However, this does not mean that everyone who sets up shop is an entrepreneur. An entrepreneur and a small-business owner are two separate people together. While the former’s profile includes high risk, big money and sharp business acumen, the latter can do without all of these. However, becoming an entrepreneur may not pose as too much of a problem, it’s keeping the entrepreneurial idea and spirit afloat that matters most. This is where management steps in. Make a move and read on to know what it takes build a career in entrepreneurship management.
Courses in Entrepreneurship Management
An individual can take up a bachelors course in entrepreneurship management, a masters course in entrepreneurship management or even do a PhD in the same. It is even possible for an individual to take up diplomas and certificate courses in entrepreneurship management. However, it must be mentioned here that undergraduate programs and PhD programs in entrepreneurship management in India are a rarity. In India it’s all about the post graduation courses in entrepreneurship management. These courses are ‘made available’ for interested individuals in the form of diplomas, certificate courses and even masters programs. In order to be eligible for post graduation courses in entrepreneurship management, an individual will have to be a graduate, preferably in commerce. However, there is no hard and fast rule which demands only commerce graduates to take up entrepreneurial courses, science graduates and arts graduates can apply too. Courses in entrepreneurship management will focus on helping students understand that much better the entrepreneurial world.
Entrepreneurship and its management basically found itself a niche in reality because of the lack of lucrative options in the organized or formal sector. The lack of opportunities persuaded people to think out of the box and nurture and develop their entrepreneurial spirits. Thus, as far as the career prospects for an entrepreneur go, there really is no fine line on the horizon or an upper limit. It’s all about reaching for the stars. A person starting of a career as an entrepreneur, provided he or she is familiar with the way the world works, can either rake in the millions or lose it! Individuals with that one big dream or idea can take it a step further and carve out the same into a clear and well-defined reality.
Institutes Offering Courses In Entrepreneurship Management
Some of the institutes offering courses in entrepreneurship management are: IIM, Ahmedabad, Bangalore & Kolkata; FICCI, New Delhi; Indian Institute of Foreign Trade (IIFT), New Delhi; National Institute for Entrepreneurship and Small Business Development (NIESBUD), New Delhi; ASEED and Entrepreneurship Development Institute of India (EDII), New Delhi; Xavier Institute of Management (XIM), Orissa; Indian Institute of Information Technology and Management (IIITM), Madhya Pradesh; Symbiosis Center for Management, Maharashtra.
For an entrepreneur, there really is no fixed remuneration. As entrepreneurs, individuals can earn in thousands, lakhs and even crores, or not make any money at all. Here, it’s all about the business or the entrepreneurial venture of the concerned individual.