Growing Entrepreneurs: Cultivating Success for Tomorrow’s Economy

Abstract

The Entrepreneur acts as a trigger head to give spark to economic activities by his entrepreneurial decisions. Entrepreneurship is the process of designing, launching and running of a new business which is often initially a small business. Entrepreneurship plays a significant role in economic development of a country. It is most powerful weapon in the hand of one to fight against poverty and unemployment. Entrepreneurs are like gamblers, and like are gambler, their chance of winning increase if they have the right cards. The role of entrepreneurship in economic development varies from economy to economy depending upon its material, resources, industry climate and political system of the country. Entrepreneurship is one of the most important inputs in the economic development of a country. An entrepreneur supplies risk capital as a risk taker, and monitors and controls the business activities. The entrepreneur is usually a sole proprietor, a partner, or the one who owns the majority of shares in an incorporated venture. This paper therefore, seeks to discuss entrepreneurship as one of the factor that influences the economy of a nation, either directly or indirectly. . This present paper is an attempt to diagnose and critically analyse the qualitative aspects, programs, reports on Entrepreneurship in Indian context.