It is often said that suggest an idea to an Indian and he/she will soon figure out a way to make some money out of it.
When you are a billion plus population with a sizeable chunk falling in the ‘working-age’ demographic, it should be a good enough reason to cheer. If last year saw the laying down of groundwork for high achievement phase, this year promises to offer a great head start. Indians are one of the most entrepreneurial nations in the world. If this seems a little far-fetched and comes across as someone talking out of their hat, then hold on. For we’ve got some fabulous entrepreneurship ideas that’ll rejuvenate the jaded mind.
With the proliferation of hand-held technology, smartphones and tablets have become rather commonplace. The app stores as they are called by the major ‘platform’ players are a veritable treasure house for finding something that is in-line with their requirements and tastes. App-building, though slightly technical in nature, has an active support community that handhelds developers through their teething troubles. To those inclined to try their hand, a magical world awaits you.
Growing awareness about sustainable living has led to a steady rise in demand for products and services that can co-exist in an environmentally sustainable manner. Examples of successful ideas are everywhere and innovators are leading the charge for the next best green initiative. Hot areas where ‘Green’ solutions are expected to generate the maximum rewards include: Transportation, production optimizations, and supply chain efficiencies.
Gifting solutions have really taken off in the past couple of years. Once dominated by the corporate sector, this is now a multi-billion dollar industry that seeks to cater to every gifting demand across multiple price-points. This year, the focus is going to be on high quality solutions whose creativity shall find a resonance in the personality of the recipient.
Make a difference:
Running a pure, profit driven business is old hat. The progressive entrepreneurs of today are socially aware of their responsibilities and are constantlylooking for ways to drive greater value for not just their customers but also the society that they live in. It is all about giving back and replenishing the well from which one draws water for growth.
Let’s face it; even entrepreneurs can’t always be the ones to think up the next big idea. Often, the best ideas and solutions to critical problems, come from the very set of people that are surrounded by it. So don’t be afraid, embrace your customers and allow yourself to be propelled forward by the power of the collective.
2013 thus, promises to be just the year for entrepreneurs who won’t be afraid to follow their instincts and back them up with a solid foundation of customer insight. The question that remains to be answered is if you are going to be the one to ‘rise’ up this year.
Entrepreneurship ventures established retail stores, supply and distribution networks, and created brands. Interest is high in supporting youth entrepreneurship and often seen as a way to help create jobs and turn the economy.