With India in the throes of historic changes, there are opportunities all around for the entrepreneur willing to take the chances. With so much money waiting in the wings to be deployed into Indian entrepreneurs, the financial risk too is minimal.
In addition, the current and projected job market offers a safety net to those did-not-succeed-the-1st-time entrepreneurs who want to temporarily park their ambitions; Socio-cultural barriers to entrepreneurship too are definitely fading away as role models abound in various domains and entrepreneurship becomes the chosen path for many. The only remaining risk therefore is the one in the mind—of fear, uncertainty, and doubt (FUD).
Entrepreneurs know that the FUD factor in their minds can be addressed through knowledge, teamwork, and a can-do attitude. As the tired cliché goes, in today’s India, the biggest risk is in not taking one.
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Arun Natarajan is the Founder of Venture Intelligence India, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.