23rd March 1953 – Exactly 58 years ago on this day, a child opened her eyes to this world for the first time. Today, hers is a name to reckon with - a name which is most often associated with adjectives such as pioneering, dynamic, visionary. But above all, there is one word which truly describes this personality and that is 'Entrepreneur'. Ms Kiran Mazumdar-Shaw is among the impressive league of entrepreneurs such as Jamshedji Tata, Bill Gates, Steve Jobs and the likes, entrepreneurs who have excelled at organizing and operating Business ventures. They have made a special mark in the chosen fields through their noteworthy contribution and they are our inspiration, our role-models, our heroes.
On hearing these world-famous names, the term ‘Entrepreneurship’ suddenly sounds too intimidating, isn’t it? Let us pause here for a moment, think about this term and consider another, much broader perspective associated with it. ‘Entrepreneurship is to identify the needs and necessities of the hour and to employ a unique approach by taking initiative in order to bring forth tangible solutions’. Does this sound equally complicated and difficult to achieve? Let me give you an example which will simplify the picture. “The state of affairs of the educational offerings at the local Government-run school is appalling. Dismayed, you look at the current teaching practices & methodologies and speak to the School’s Principal to get further details. You go on to discuss with your old friends and teachers and eventually identify and successfully implement the solution in the form of the ‘Teach-the-Teacher’ program.” In this scenario, ‘the need of the hour’ was uplifting the failing educational standards and the ‘solution’ that was arrived at is the ‘Teach-the-Teacher’ approach. It can be pursuing one of our hobbies thus leading to an alternative employment avenue, pioneering a distinctive initiative in our academic, personal or professional circle such as a unique Toastmasters event or even inventing or devising something new. The choices are endless!
Does this deviation from the traditional beliefs of Entrepreneurship seem disjoint? Let us together concentrate on some ‘Venture’ that we have been a part of as an individual, sometime or the other in the past. Kindly close your eyes and imagine yourself at your special place where you always find peace of mind. Now think of the proposal, that venture, that activity which you have accomplished successfully and is held very close to your heart. Now, reflect on all the groundwork you had done for it, the subsequent measures you had taken to ensure its flawless execution and finally the fruits that were reaped out of it. These thoughts bring a sense of accomplishment and satisfaction. With these peaceful thoughts, slowly open your eyes. What we just did can be summed up as follows: The ‘Activity’, also considered as a ‘Venture’, for which we need to do an ‘Investment’ in the form of ‘Time’ and ‘Efforts’ for its ‘Sustenance’ may involve certain ‘Risks’ but would eventually lead to ‘Benefits’. Sounds akin to a ‘Business Plan’ already, right?
Entrepreneurship is an all-inclusive quality which need not always be handed down to one through one’s genes. Some people become entrepreneurs by chance while some become so by choice. And even if it is by choice, not everyone has a blueprint ready by the time they jump in the fray. I would like to narrate the story of one such entrepreneur. Born and brought up in a middle class service-oriented family, he was the 6th among the 7 siblings. Even before he completed his basic schooling, his father – a railway guard – had retired from active service. To support his family and his own studies, he took up a part-time job of a book-store salesman and completed his three year Diploma course – with Honors. He then took up a job offer hundreds of kilometers away from his hometown just to be able to support the family well and successfully completed 10 years of employment. On getting promoted to the Manager’s position, he looked all set to lead a successful service-oriented life in the company when a twist of fate made him relocate back at his hometown - Nagpur. With a family of four to support, he decided it was time to pursue his long-cherished dream. And thus in the year 1985, my father Mr. Sudhir Raje, got into a partnership and started a manufacturing business which has now grown into two sole proprietary firms. In these 25 years, never ever has he regretted his decision and never ever have his grit and determination failed to amaze me.
But is this just a story of one person in one family in one city of a nation? Entrepreneurship – big or small – can have a huge global impact; we just need to focus on the bigger picture. Consider the example of our own country where the need of the hour is to have people who can do things on their own. Although it may not seem a big problem right now, but in the days to come we need to create sufficient job opportunities for our increasing work-force which is well-educated and employable. Government is encouraging entrepreneurship, through low-interest capital loans and tax benefits. The underlying necessity is to have citizens who can think on their own and come up with different ideas. If each and every one of us decides to bring our strengths to the fore and do something that interests us, we are talking here about, not hundreds or thousands but millions of entrepreneurs. Do you think it is a coincidence that almost all top MBA Schools put a lot of emphasis on ‘Leadership’ and ‘Initiative’? These Institutes carry on their shoulders, the responsibility to produce able citizens of the world who would be instrumental for sustainable growth.
But is this just a story of one person in one family in one city of a nation? Entrepreneurship – big or small – can have a huge global impact; we just need to focus on the bigger picture. Consider the example of our own country where the need of the hour is to have people who can do things on their own. Although it may not seem a big problem right now, but in the days to come we need to create sufficient job opportunities for our increasing work-force which is well-educated and employable. Government is encouraging entrepreneurship, through low-interest capital loans and tax benefits. The underlying necessity is to have citizens who can think on their own and come up with different ideas. If each and every one of us decides to bring our strengths to the fore and do something that interests us, we are talking here about, not hundreds or thousands but millions of entrepreneurs. Do you think it is a coincidence that almost all top MBA Schools put a lot of emphasis on ‘Leadership’ and ‘Initiative’? These Institutes carry on their shoulders, the responsibility to produce able citizens of the world who would be instrumental for sustainable growth.
We all have the inherent potential to reach or even bypass the stature of a Tata, a Birla or a Kiran Mazumdar-Shaw. Yet, all of us may not have the inner calling to pursue the same path. It is time we gave a patient ear to that inner voice which has been trying hard to grab our attention. Successful ventures need not start with a Big-Bang Approach always; more often than not they have humble beginnings which snowball into epic proportions. As the American Author Napoleon Hill said, ‘If you cannot do great things, do small things in a great way.’ I would like to add on further and say, ‘If you cannot do great things at first, do small things in a great way and the greater things are sure to follow.’