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Despite starting small, Murthy and his team built Infosys into one of India's largest IT services companies,
pioneering the Indian IT outsourcing industry and creating thousands of jobs globally.
Misconception 4
Entrepreneurs are born, not made: This misconception suggests that entrepreneurial skills and abilities
are innate traits, not something that can be learned or developed through education, experience, and
perseverance.
For example, Kunal Shah, co-founder of FreeCharge, started his entrepreneurial journey by founding a company
called PaisaBack, which was later acquired. He then co-founded FreeCharge in 2010, a mobile payments
company that revolutionised digital payments in India. Shah's success demonstrates that entrepreneurship
is not just about innate talent but also about learning from experiences, adapting to market needs, and
persistently innovating to create value.
BUSINESS VS ENTREPRENEURSHIP
The terms "businessman" and "entrepreneur" are often used interchangeably, but they represent different
aspects of business activity and approach. Here are the key differences between a businessman and an
entrepreneur:
Aspect Businessman Entrepreneur
Focus Manages and operates an established Identifies and exploits new business
business. opportunities.
Role Oversees day-to-day operations, resource Involved in all aspects of business creation
management. and growth.
Risk Takes calculated risks within existing Embraces high levels of risk in pursuit of
business framework. innovation.
Innovation Focuses on incremental improvements Introduces novel solutions, technologies, or
within the business. models.
Example CEO of a manufacturing company ensuring Elon Musk, creating SpaceX and Tesla,
profitability. pushing boundaries.
For example: Mahesh and Rajesh both own chemist shops in the same area.
Mahesh sits at his shop and when the customers come, he sells medicines.
Rajesh, along with medicines has also collaborated with near by Lab. He also get medicines delivered at
home, offers sugar, BP testing services at home, gives attractive discounts and offers on Lab tests.
Rajesh has added innovative ideas to grow his business. So he is an entrepreneur while Mahesh is a businessman.
“The best way to predict the future is to create it” is true for entrepreneurs. Entrepreneurship is full of uncertainty.
If anyone accepts that, he is willing to embrace it. Entrepreneurs are independent minded, innovative business
people which make them self-starter. An entrepreneur can be an artist, educator, businessman, service sector
worker or an inventor. Entrepreneurial careers can be found in just about every field.
SESSION 4 Entrepreneurship as a Career Option
In this session, we will explore entrepreneurship as a career option. Entrepreneurship provides individuals
with the chance to be their own boss, follow their passions, and make a meaningful contribution to the
economy.
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