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Innovation and India


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Innovation is often related to entrepreneurship. Even when Prof Peter F Drucker wrote his book on entrepreneurship he had named it “Innovation and Entrepreneurship” and the question might arise why?

We will explore the 4Ws and H of innovation to understand why these are synonymous to one another. The four Ws are what, why, when, […]

How to determine the opportunity for the idea?


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In the earlier article we explored how to generate ideas. Now we need to determine the opportunity for the idea. Ideas are not opportunities but they are merely a tool for opportunity. An idea becomes an opportunity only if there is a need or want. The idea must be based on a solution and market […]

Entrepreneurs Tools to Determine Ideas


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In the last article we explored opportunities areas. Now we are going to explore some tools to arrive at our ideas. Most sources of ideas come from technical or market requirement by universities, companies and individuals. Contrary to belief we often hear from our participants and students that they want to be entrepreneurs but to […]

Areas Entrepreneurs Can Explore for Opportunities


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As described in the earlier article, fortunately the attractions to become an entrepreneur are becoming much easier especially since there is a shift from a predominantly manufacturing to a service based economy, and due to this, cost and barriers to entry for entrepreneurs have lowered considerably.

Besides service based opportunities other areas entrepreneurs can explore […]

What Does It Take to Be an Entrepreneur?


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The field of entrepreneurship was described in 1983 as “an intellectual onion” by a senior faculty member at Harvard Business “You peel it back layer by layer and when you get to the center, there is nothing there, but you are crying.” To avoid this scenario you need to examine yourself if you are prepared […]

Entrepreneurship as a Career


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Entrepreneurship is becoming an increasingly popular alternative career choice in the current economic slow down. If you are planning to become an entrepreneur you will not be alone and will have plenty of company.

Many have gone the entrepreneur route due to external factors including layoffs, frustration in their current workplace culture, or need for […]