1 Introduction

This Report aims at Studying Entrepreneurship in a specific manner which can guide someone to analyze & Grow Business Opportunities in competitive world. Entrepreneurship has risen to a peak level in recent few years due to competitive environment in Business Sector. Small Scale Industries are increasing day by day and giving hard competition to large scale Industries. Aim of this Project is to study what makes an entrepreneur a successful.

The term entrepreneur is a loanword from French and was first defined by the IrishFrench economist Richard Cantillon as the person who pays a certain price for a product to resell it at an uncertain price, thereby making decisions about obtaining and using the resources while consequently admitting the risk of enterprise. The term first appeared in the French Dictionary "Dictionnaire Universel de Commerce" of Jacques des Bruslons published in 1723. Here are some prominent definitions. 1803: Jean-Baptiste Say: An entrepreneur is an economic agent who unites all means of production- land of one, the labour of another and the capital of yet another and thus produces a product. By selling the product in the market he pays rent of land, wages to labour, interest on capital and what remains is his profit. He shifts economic resources out of an area of lower and into an area of higher productivity and greater yield.

Entrepreneurship is the act and art of being an entrepreneur or "'one'who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses (referred as Startup Company); however, in recent years, the term has been extended to include social and political forms

of entrepreneurial activity. Social and cultural development Challenges: • • • • • Problems of raising equity capital Difficulty in borrowing fund. Follow-up constantly. Improved risk taking ability. 7. Opportunities : • • • • • • • • • • Free entry into world trade. Do what you enjoy. Benefits of specialization. when large entities spin-off organizations. Get to know your customers. 4. 6. 5. 9. Problems of availing raw-materials. Characteristics of Successful Entrepreneurs 1. Take what you do seriously. Thought-cut completions endangered existence of small companies. When entrepreneurship is describing activities within a firm or large organization it is referred to as intra-preneurship and may include corporate venturing. Design Your workspace for success. 3. Plan everything. Problems of obsolescence of indigenous technology . 8. Build a top-notch business team. Establishment of other national and international institutes to support business among nations of the world. Encouragement to innovations and inventions. Build a rock-solid reputation. Governments of nations withdrawn some restrictions Technology and inventions spread into the world. Create a competitive advantage. 2. Master the art of negotiations. 10. Promotion of healthy completions among nations Consideration increase in government assistance for international trade.

which came their way as part of economic surge. India has been growing at break neck pace. IT Services space has a good potential though it has lost its sheen as a high growth industry during the last two years. economically and nationally. a stable political system. It is remarkably noted that India has been successful in creating employable manpower. Exploitation of small and poor countries. Problems of TRIPS and TRIMS. investor friendly environment. on the other hand. Also. incentivized and recognized socially. infrastructure and healthcare. Rapid urbanization and consequent social inequalities are what need to be addressed for making it just and equal to a larger section. materials and agriculture. in the pursuit of being a hub of R&D for global technology space. India will surely go a long way in establishing R&D capabilities in bio-technology. during the last decade. India has adapted to the growing knowledge orientation in each industry and would certainly be a leader in the R&D for many industry verticals. and this is where the India scores. Although it was pretty much easy creating or utilizing an opportunity in IT industry. but the growth cycles are much varied and slow in other sectors and hence this eco system needs to be nourished.contributing to higher productivity professionally. But. The social disparities in India are a key driver for intense competition among individuals . But. the ‘Advantage India’ is being a nascent hub of knowledge industry. India Offers Vast Opportunities for Today. However. space. vast growth opportunities in critical sectors like health care. In the global technology space. In addition. However. .the initiatives from the Government in encouraging higher education/career prospects in research. Also. we need to create a breed of entrepreneurs who look forward to a strenuous path of research and development in new areas. we should agree that we are a young nation having already made a mark in the world of entrepreneurship with several Indian companies or persons of Indian origin leading quite a few companies in the world across a varies spectrum. etc. India’s vast talent pool with a unique combination of multi skilling and English language ability has made a great value proposition to any investor. and needs to adapt to a more stable growth and outlook. infrastructure together make India a valuable opportunity for investment and growth.• • • Increased pollutions Ecological imbalanced. the Indian entrepreneurs have been largely benefited with a slew of opportunities. While this is established in the IT space. what are needed to develop the abilities would be . housing. And at the same time. growing consumerism. utility. a knowledgeable worker is also an inevitable necessity in every sphere of industry. the demands of a vast urban/rural population will drive innovative technologies being created or adopted in utility services.

but go a long way in contributing to low cost products/services. we believe IT services industry should focus on creation of products from out of the services they have been rendering subject to IP rights in such projects. While India has seen good revenues from overseas operations/customers. we should also start addressing the needs or demands of Indian market. This would not just facilitate better productivity.With a rosy expedition ahead for India. which could largely be driven by SAAS models or a hybrid of SAAS and traditional models of service. which are the target of SMB. .