Essay --

ENTREPRENEURSHIPEntrepreneurship is the capacity and willingness to take risks and develop, organize and manage a business threa cristal in a competitive global market which is constantly changing. Entrepreneurs atomic military issue 18 innovators, pioneers and future leaders who dares to take risk on their own and elect a path which no one has explored before. Importance of entrepreneurship in commodious in our economy. Entrepreneurship has a turbulence effect i.e. it acts as an indicator ontogenesis of an industry by indicating number of entry and exits in that particular sector. The number of newly added market participants in any industry will in conclusion result in an economic growth. Entrepreneurship not only encourages self-employment but likewise helps to create new jobs and opportunity to produce additional goods that adds to nations GDP. Thus entrepreneurs help to increase both demand and supply berth of the economy which as whole improves quality of life. For e xample Mr. Sunil Maheswary who founded Mango Technologies Pvt. Ltd. He quitted his job at Reliance Infocom and joined a startup. Then he designed first Designed in India Hand set which was a dual SIM phone. After some time he along with his ally Lekh joshi together stated Mango Technologies in 2006 with less than 10 lacs. The association provided software for Mobile phones. Later the corporation entered into a partnership with Texas Instruments and Qualcomm. The company had a vision to become number one mobile curriculum company. Mango Technologies also achieved some milestone like it got Nasscoms to the highest degree innovative company award in 2007-2008 and it came in top ten startup companies of 2008 in Mint and Wall Street Journal.Entrepreneurship pyramid - has quaternity levels, going from bottom to up we save Level 1... ...al goals.It tells that the profile of an entrepreneur should be a mixture of Self-confidence, Sense of freedom but in truth disciplined, Work hard- goal oriented, Recognize power of emergence , egolessness, money lover. The Team piece of writing which can achieve excellence along with the entrepreneur should have ability to pull ones weight, should be complementary, made of multitasking who will have a shared vision, transparency, mutual trust,ability to question each other, resilience & scent out of humor.But while working in startups one has to have certain qualities much(prenominal) as dealing with risk, harvest comes in long haul, work unsupervised, piss big picture but focus on minor ,teamwork is overcritical ,work as per plan ,faith in yourself ,learn to accept & big joys in small things .Anyone who has never made mistakes, Has never tried anything New Albert Einstein