MBA Students dreaming about high paying big corporate jobs is now an idea of yesteryears. The mantra for today is to start-on-own. Time is just perfect for converting your idea into reality. The reasons for saying this are several. With its start-up India campaign, Government is trying to create an ecosystem supportive of innovations and start-ups. The idea behind this campaign is to realize long term sustainable economic growth and large scale employment opportunities for demographic dividends of India. This initiative, through its ‘action plan’ for implementation, has plenty of opportunities for the youngsters. Under this scheme, entrepreneurs get support starting from simplification of processes & handholding to funding & incentives. The scheme also facilitates Industry-Academia Partnership and Incubation. An Incubation center provides basic infrastructure like office space & stationary, furniture, connectivity amongst others.
The most equipped to take advantage of this scheme are students pursuing their PGDM, from good management colleges, for several reasons.
· They have the technical knowledge of functions of business. They have theoretical understanding of the nitty-gritty of managing a venture. They also have understanding of business related rules and regulations.
· Good PGDM Colleges have encouraging environment for entrepreneurship. The Entrepreneurship-cells or E-cells are very prevalent in colleges. These E-cells not only creates a favorable mind-set for entrepreneurship but they also resources for students to start campus companies.
· The industry exposure during management education can help the students to identify partners, mentors and investor. Two years stint at good MBA colleges connects you to an alumni network of people who can have an impact on your set-up.
· Apart from this management professionals also have minimum risk involve. In case their venture couldn’t do well, they have the option of joining other organizations. The social perception about starting your own venture has changed a lot. The stigma attached earlier has now converted into admiration. Companies appreciate innovative and entrepreneurial people.
All these factors should contribute to the idea of starting your own venture. So when you start your management education, have your goal clear, work towards realizing it and convert your ideas into reality.
For More Information :- Asia-Pacific Institute of Management