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ENTREPRENEURSHIP AS A CAREER OPTION

        “ he best way to predict the future is to create it” is true for entrepreneurs.  ntrepreneurship is full of uncertainty.
        If anyone accepts that  he is willing to embrace it.  ntrepreneurs are independent minded  innovative business
        people which make them self-starter.  n entrepreneur can be an artist  educator  businessman  service sector
        worker or an inventor.  ntrepreneurial careers can be found in  ust about every field.
        New business venture creation includes launching a company  buying a business  taking a franchise  starting
        a new venture in a family business or commercialising a technology.

        Careers in Entrepreneurship
        One can come up with a new idea  be it a type of themed restaurant or a coaching institute. It depends on the
        individual  what is his idea and what resources are needed to launch it.  et us now learn about various career
        options in  ntrepreneurship.

          Service Business:   service business is a company that provides work performed in an expert manner
           by an individual or a team. It can be  anking   onsulting   leaning   ducation  Insurance   ransportation
           Services and many more.
          Manufacturing Business: Manufacturing business buys raw material with the intention of using them as
           ingredients  in  the  making  of  a  new  product.  It  combines  raw  material  and  labour  in  its  production.   he
           manufactured goods will then be sold to customers.  ardware making  furniture making  etc.  are few examples.
          Sole Proprietorship Business:  he most common type of business found in India is sole proprietorship.
            ll businesses we see around like the local grocer  carpenter  shopkeeper  etc.  are sole proprietorship. It is
           an ideal choice to run a small scale business.
          Buying a Franchise:   franchise is an agreement between a small business owner  franchisee  and the
           parent company  franchiser .  he parent company gives the right to sell company s product and often
           provides support like advertisement and supplier relationship in return for a franchise fee and some percent
           of the profit.
          Copying an Existing Business: Identify a good going local business started by someone else. One can
           also take help from internet.  fter researching on it thoroughly and planning for the execution  establish
           the business. Make sure the business does not violate someone else s trademark  copyrights or other
           protected intellectual property.
          Work from Home Business: Many small business ideas can be launched from home only.  his can be
           anything from opening a bouti ue to writing blogs.


            Recap Zone


               ntrepreneurship is successful if the entrepreneur is creative  innovative  and he she uses the resources
             that are available in the society or country.
              Society also provides financial support for entrepreneurs.
               n entrepreneur tries new innovative ideas that help to increase income.

               ntrepreneurship plays an influential role in many aspects.
               ntrepreneurship is a  ourney and an entrepreneur has to go through many ups and downs.
                service business is a company that provides work performed in an expert manner by an individual
             or a team.
                franchise is an agreement between a small business owner  franchisee  and the parent company
              franchiser .



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