Entrepreneur

Job Profile

Being in the role of an Entrepreneur, starting the business and setting up the office place are the first thing to do. You have to get to register yourself as a company or a partnership or a property firm. You will also need to get the required licenses from the government authorities in the sector you operate in for example a license from FSSAI in case of a food business or a license from RBI in case of a banking business register with Sebi in case of financial services.

Heading a business or a firm means regular work routine would require long working hours on a typical day. You will need to ensure the quality of your product if you are into tangible business or seamless of your services if you are a service provider. Starting up all this will need to build up a team that may be small at the start, but shares the same perspective as your vision. Not to say work pressure levels are high at the beginning with an imbalance work life.

Salary/Package

The starting salaries would be very low because running a business means initial investments and not expecting the regular salary as other professions in the beginning. But as Entrepreneurs start to climb the ladder up, the operations and the day-to-day activity becomes smooth. You will be drawing a meaningful salary at this stage as the basics of the business are already in place and at a point you would be looking to diversify your business.

There are various job opportunities for the students who have completed their degree in entrepreneurship like job in industries, accounting, office administration, sales to name a few. Any one withholding a degree in Entrepreneurship can earn an average salary between Rs. 3 to 5 lakhs p.a.  The salaries may vary drastically based on experience, skills, roles or location.

Skills required

• Getting Starting as an entrepreneur needs a risk-taking ability as you may start individually or with a partner
• Self-confidence
• Ability to promote yourself and develop a positive self-image
• You have to be very versatile right from handling clients to managing vendors, and building a team
• You need to have a very good communication skill
• Ability to work in teams

Pros and Cons of an Entrepreneur

Pros

• This is the career for those who want to be their boss
• Entrepreneurship can be a highly paid as a profession if your business kick-start well
• This is as emerging as the preferred option among students that are willing to go out of the way to do something creative
• You may also find fame if your brand or product gets popular between masses

Cons

• Work-life balance can be a challenge as you have to manage everything at your firm.
• There are no fixed incomes as the Business depends on the market condition.
• There can be many blockades from government regulations to tax systems and other day operations today.

How do I be one

To qualify as an Entrepreneur, a student needs to clear their higher secondary with commerce background including accounting, business studies, mathematics and economics. Candidates can opt for BCom (prog)/(Hons) or BBA or diploma in entrepreneurship from DU, IP University or any other reputed college. Students who want to pursue further education can opt for MBA or PG diploma after clearing the CAT exam. Other PG entrance exams include MAT, XAT, CMAT or GMAT.