Practical entrepreneurship

With the advent of internet, opportunities to be your own boss sitting at home have increased multifold. Information is available just a click away and resources to build a company are easily accessible at your doorsteps by way of ordering at your fingertips. The craze of owning something has forgone a long way more than just mere desire to form a kind of psychological lock. One who doesn't have to take others orders is considered to be great. As a result of all such factors, today's youth is jumping into entrepreneurship without having any practical insight into it just out of excitement. MBA books have introduced so many complicated terms just by knowing which people believe that they can become entrepreneurs.

Today, the word 'entrepreneur' has taken up various forms for people in different fields. For working people, entrepreneurship turns into something called intrapreneurship. For people in fields other than business there's a wide variety to choose from such as social entrepreneurship, political entrepreneurship, knowledge entrepreneurship and a lot more. In any form of entrepreneurship the most important thing to be taken care of is practicality. Any work can be printed on paper and conceptualized to the best idealistic extent. The true roots of success or failure can only be witnessed when we jump into the practical field of implementation of the intended idea. I have heard so many MBA students who come to the conclusion by the time they start working that they just need to take all their textbooks, tear them apart and throw away once they are in the real world. Books were written based on the real world scenario of the past.

Having graphs of thousands of dollars scaling their way up with every passing year or charting out tables and pie-charts indicating the expected investments or the profit/loss statements do not alone suffice to build a practical B-plan. One has to get a first hand experience on field about business, about working with people, about understanding the relationship between demand and supply and many more practical aspects related to business. Without basic understanding for at least a couple of years one will only be devastated to see his/her paper plans crushing down into ashes if the practicality of implementation is sidelined. Let's get realistic friends!