Abstract

New Entrepreneurial ventures whether small or medium, are considered to be the backbone of any country's economy. The creation of new business ventures along with the number of existing high-growth companies is a strong indicator of a nation's present and future economic development. The Entrepreneurship Center at Miami University of Ohio defines entrepreneurship as “Entrepreneurship is the process of identifying, developing and bringing a vision to life. The vision may be an innovative idea, an opportunity or simply a better way to do something. The end result of this process is the creation of a new venture formed under conditions of risk and considerable uncertainty”. There is seeming consensus on the importance of entrepreneurship in ameliorating some socio economic problems especially poverty, unemployment and all sorts of social vices in the society. There is a need to catalyze and scale up and enrich the entrepreneurial ecosystem. An ecosystem is nothing but a system of interconnected stakeholders, institutions and individuals; whose close linkages enable efficient production, diffusion and use of new and economically useful knowledge. We need to create more linkages and strengthen the existing ones, creating a tight mesh. The case mentioned below is of a struggling entrepreneur from Kolhapur, Maharashtra. It highlights his bumpy entrepreneurial journey and his never die entrepreneurial spirit. The case also aims to highlight the importance of nurturing an entrepreneurial mindset in our society which will result in lending a helping hand to startups in their initial leap into the entrepreneurial journey.

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