Entrepreneurship Career Guide: From Mindset to Success
Aquib RahmanAssistant Manager
Let’s go over what comprises the entrepreneurship career in 2024 and beyond. Discover why you should become one, the most important skills/mindset you need, typical roles, and getting started.
- What is an Entrepreneurship Career?
- 1.1 Difference Between Entrepreneurship and Office-Going Careers
- Why Choose Entrepreneurship as a Career?
- Entrepreneurship Career: Kind of Mindset and Skills to Build with Examples
- 3.1 Recommended Entrepreneurial Mindset and Skills
- Roles in Entrepreneurial Career with Estimated Salaries
- Starting Your Entrepreneurial Career
What is an Entrepreneurship Career?
A successful entrepreneurship career starts with identifying and meeting a target market's specific and unique needs. The entrepreneur offers innovative solutions that are useful and profitable.
Difference Between Entrepreneurship and Office-Going Careers
An entrepreneur operates on a completely different level than a regular company employee. Here are some key differences.
| Aspect |
Entrepreneur |
Employee |
| Autonomy vs. Direction |
Operates independently; makes decisions about the business direction and strategy. |
Works under the guidance and strategies established by an employer. |
| Risk and Reward |
Bears financial risks but has the potential for high rewards if successful. |
Enjoys stable income and benefits with limited exposure to financial risk. |
| Work Dynamics |
Handles multiple responsibilities; has unpredictable and flexible work hours. |
Focuses on specific roles; generally follows a structured schedule. |
You can always explore the definition and scope of entrepreneurship in more detail.
Why Choose Entrepreneurship as a Career?
Entrepreneurship as a career can be pretty rewarding. Some reasons are listed below.
1. Autonomy and Control
Entrepreneurs are completely free to design how they want to work. They can make decisions on their own and set their business goals. These aspects make work more satisfying.
2. Potential for High Earnings
Traditional jobs have fixed salaries or wages. Entrepreneurship provides opportunities for unlimited income growth.
3. Opportunity for Innovation and Creativity
Entrepreneurship allows individuals to think outside the box and bring unique ideas to life. They have to solve problems creatively, develop new products or services, and shape industries.
4. Personal and Professional Growth
Starting and managing a business challenges individuals to develop essential skills such as leadership, decision-making, problem-solving, and resilience.
Entrepreneurship Career: Kind of Mindset and Skills to Build with Examples
When you explore courses on entrepreneurship, you will find the skills to learn are a combination of several different areas. Product and business development, technology, marketing, management, operations, and creativity are necessary to hone.
There are many ways to get into entrepreneurship. Nor is there any certainty that the business will be a success. But amidst that, they pull through. Take the examples below.
Recommended Entrepreneurial Mindset and Skills
- Resilience: Entrepreneurs must be able to bounce back from failures and setbacks.
Example of Resilience - Howard Schultz from Starbucks faced a lot of investor rejections to turn his brand from a local to a global one.
- Problem-Solving: Seeing challenges as opportunities is necessary for entrepreneurs to thrive.
Example of Problem-Solving - Elon Musk (a famous example) faced challenges because of the high costs involved with space travel. He created solutions that reduced expenses and revolutionised the aerospace industry.
- Adaptability: An entrepreneur should continuously be flexible and must address/respond to the changing business environment.
Example of Adaptability - Brian Chesky from Airbnb is known for his adaptable leadership during the COVID-19 pandemic. Airbnb shifted focus to local stays and launched virtual experiences to sustain the business during a global travel downturn.
- Vision: Most importantly, the entrepreneur needs to see potential in ideas and execute them.
Example of Vision - Jessica Herrin from Stella & Dot envisioned empowering women through entrepreneurship. Her ability to see potential in direct and social sales has led to significant growth in her company.
Roles in Entrepreneurial Career with Estimated Salaries
Here are some types of roles within entrepreneurship.
- Business Owner: They own and manage startups. They oversee all aspects of the business, from strategic planning to daily operations. AmbitionBox says their annual salary range can go up to INR 28 LPA or more.
- Business Consultant: Entrepreneurs can work as business consultants. All they have to do is provide expert advice to businesses on various topics such as strategy, marketing, and operational efficiency. This role often requires specialised knowledge and experience in a particular industry. AmbitionBox data suggests they can make up to INR 26 LPA.
- Roles in Family Businesses: Family businesses often require specific roles that blend family dynamics with business operations. Typical positions include owners, managers, and board members. Compensation depends on the entire business size and total earnings, but the percentage of earnings is much higher than the average of traditional salary-based careers.
Starting Your Entrepreneurial Career
Here are some proven ways to begin your entrepreneurship career.
Identify Your Business Idea
- Research market gaps and problems you're passionate about solving
- Test your idea through customer research and feedback
- Choose something that matches your skills and interests
Plan Your Business
- Write a clear business plan with your mission and target market
- Establish short and long-term growth goals
- Plan your finances, including costs, pricing, and funding needs
Getting Started with Funding
- Consider funding sources: personal savings, loans, investors, or crowdfunding
- Network with mentors and fellow entrepreneurs for guidance
- Use online tools and templates to help with planning
While at it, you can also pursue some advanced entrepreneurship courses online. Such courses will actually help you with all of the above steps with in-depth topics and projects.
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Entrepreneurship Applications open. Apply Now
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Most Popular Courses
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- MBA in Innovation and EntrepreneurshipSymbiosis Institute of Business Management, Symbiosis International, Pune
- BBA in Family Business and EntrepreneurshipAmity University, Noida
- Innovation, Business Models and EntrepreneurshipIIT Roorkee - Indian Institute of Technology
- Master of Business Administration (MBA)Chandigarh University (CU)
- Integrated BBA + MBALPU - Lovely Professional University
- Master of Business Administration (MBA)LPU - Lovely Professional University
- Post Graduate Diploma in Management (PGDM)IMT Ghaziabad - Institute of Management Technology
- Master of Business Administration (MBA)IIM Nagpur - Indian Institute of Management
- Post Graduate Diploma in Management (PGDM)International Management Institute
- Master of Business Administration (MBA)Symbiosis Centre for Management & Human Resource Development, Symbiosis International, Pune
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Student Forum
Anything you would want to ask experts?Answered a week ago
Yes, you can find several budget-friendly entrepreneurship courses from Coursera, Udemy, and FutureLearn. Coursera remains a favourite among most, as you can enrol for free. To participate in peer review assignments, however, you may need to purchase an annual or monthly subscription. FutureLearn i
S
Contributor-Level 9
Answered a week ago
Online courses and specialisations in entrepreneurship have the following benefits.
- Access online entrepreneurship courses from prestigious institutions, including Wharton, Harvard, and INSEAD without the need for relocation.
- All learning needs in entrepreneurship are met through specific topic train
S
Contributor-Level 9
Answered a week ago
Some of the most essential entrepreneurship skills to have are listed below.
- Business acumen
- Strategic business communication
- Marketing
- Networking
- Collaborating
- Leadership
S
Contributor-Level 9
Answered a week ago
Learning entrepreneurship requires guidance from experts, networking, and interning in companies that have similar vision to your growth mindset. One of the best ways to get started is through online entrepreneurship courses from MOOC platforms, including Coursera, Harvard Online, Udemy, or similar.
S
Contributor-Level 9
Answered a week ago
The PGDM in Entrepreneurship Management curriculum followed at VBS is spread over four semesters. Some subjects included in the semester-wise curriculum are presented in the table below:
| VBS PGDM in Entrepreneurship Management | |
|---|---|
Semester I:
| Semester II:
|
Semester III:
| Semester IV:
|
H
Contributor-Level 10
Answered a week ago
Cutoff marks for Poona Institute of Management Sciences and Entrepreneurship (PIMSE) differ according to course as well as the entrance examination. For MAH CET, the cutoff range of MBA varies from 79.38% to 81.95% with different specializations.
K
Contributor-Level 10
Answered a week ago
Some of the best alumni of Poona Institute of Management Sciences and Entrepreneurship (PIMSE) are:
Abhishek Desai: US tax consultant.
Diksha Govinda: BNY Melon.
Anubhav Saxena: Tax analyst at Grant Thornton.
Mukul Mahipal: Xiaomi.
Kritika Kashyap: US tax consultant at Deloitte.
Arindam Majumdar: Operatio
K
Contributor-Level 10
Answered a week ago
The faculty in Poona Institute of Management Sciences and Entrepreneurship (PIMSE) is very competent and possesses extensive knowledge. Most of the faculty members possess PhD qualifications and are interested in the delivery of quality education1. The support staff encourage a positive environment
K
Contributor-Level 10
Answered a week ago
Campus facilities at Poona Institute of Management Sciences and Entrepreneurship (PIMSE):
Classrooms: Well-furnished with all basic teaching facilities.
Library: Good collection of textbooks, reference books, and magazines.
Computer Labs: Department-specific labs with one PC per student.
Sports Complex:
K
Contributor-Level 10
Answered a week ago
The fees at Poona Institute of Management Sciences and Entrepreneurship are between ?1.84 Lacs and ?1.84 Lacs annually for the postgraduate programmes such as MBA, MPM, PGDM, MCM, and MBS.
K
Contributor-Level 10
Answered a week ago
why Poona Institute of Management Sciences and Entrepreneurship (PIMSE) is famous:
Established Reputation: Founded in 1990 with a good reputation.
Accredited: AICTE-approved and affiliated to Savitribai Phule Pune University.
Awards: Best Management Institute Award by the World Management Congress in 2
K
Contributor-Level 10
Answered a week ago
The fees for B.E./B.Tech in Delhi Skill and Enterpreneurship University - Okhla II Campus is 1.58 INR for first year and the hostel fees are additionally added for around INR 40,000. There are scholarship offeres that this university provide on the basis of merit i.e., result of CLASS X and XII resu
A
Contributor-Level 6
Answered a week ago
A relaxation of 5% in qualifying aggregate percentage of marks will be allowed to SC/ST Category students.Qualifying aggregate percentage in Class XII (Marks in all subjects)- 60% ,25% of financial assistance is provided.
- Family income ( 1-2.5 LPA) : 50% tuition fee assistance
- Family income ( 2.5-6
A
Contributor-Level 6
Answered a week ago
The Delhi Skill and Enterpreneurship University -Okhala II Campus offeres B.E./B.Tech as best choice because it gives a history of good placements with the companies like Maruti, Bajaj, New Allenberry hiring students from the B.E./B.Tech programs. The university has over 60 industry collaborations a
A
Contributor-Level 6
Answered a week ago
The selection criteria for the B.E. / B.Tech courses at Delhi Skill and Entrepreneurship University (DSEU) - Okhla II Campus typically involves the following steps:
Entrance Exam: Admission is primarily based on the score of the university's own entrance exam, DSEU Entrance Test (if applicable), or o
R
Contributor-Level 10
Answered a week ago
The JEE Main cutoff for Delhi Skill and Entrepreneurship University (DSEU) - Okhla II Campus varies every year based on factors like the number of applicants, difficulty level of the exam, and availability of seats. It also depends on the category (General, OBC, SC, ST, etc.).
To get the specific cut
R
Contributor-Level 10
Answered 2 weeks ago
Yes, Poona Institute of Management Sciences and Entrepreneurship is known for having a highly experienced and qualified faculty. The faculty members often hold advanced degrees like Ph.D. or M.B.A. from reputed institutions and have considerable experience in both teaching and industry. They bring a
V
Contributor-Level 9
Answered 2 weeks ago
To apply for Man BA/PGDM at Poona Institute of Management Sciences and Entrepreneurship, candidates need to follow the official admission process, which generally includes filling out an online application form. Candidates must appear for entrance exams like CAT, XAT, MAT, or the institute's test (i
V
Contributor-Level 9
Answered 2 weeks ago
Yes, the Poona Institute of Management Sciences and Entrepreneurship (PIMSE) has an active placement cell that helps students secure internships and full-time placements. The placement cell works closely with various industries to ensure students are well-prepared for the job market. It organizes tr
V
Contributor-Level 9
Answered 2 weeks ago
Admission to UG/PG courses at Poona Institute of Management Sciences and Entrepreneurship (PIMSE) is typically based on entrance exams followed by counseling or interviews. For undergraduate courses, candidates should have completed their 12th grade with a good academic record. For PG courses (MBA/P
V
Contributor-Level 9
Answered 3 weeks ago
The Delhi Skill and Entrepreneurship University (DSEU) typically declares semester examination results within 30 to 45 days after the completion of exams. However, specific timelines can vary based on academic schedules and administrative processes. For the most accurate and current information rega
S
Contributor-Level 10
Answered 3 weeks ago
Alumni of the Delhi Skill and Entrepreneurship University (DSEU) Okhla II Campus have secured positions in various esteemed organizations across multiple industries. Prominent recruiters include Maruti Suzuki, LG Electronics, Sony, Infosys, Wipro, Deloitte, Mahindra Group, Daikin, and Tata Power. T
S
Contributor-Level 10
Answered 3 weeks ago
Candidates can join Delhi Skill and Entrepreneurship University (DSEU), Okhla II Campus, by meeting the eligibility criteria for their desired course and following the university's admission process. This typically involves completing the application form available on the official DSEU website, subm
S
Contributor-Level 10
Answered 3 weeks ago
Delhi Skill and Entrepreneurship University (DSEU) at the Okhla II Campus offers a variety of extracurricular activities and clubs designed to enhance students' skills and foster a vibrant campus community.While specific details about the available clubs at this campus are not explicitly listed on t
S
Contributor-Level 10
Answered 3 weeks ago
The B.E./B.Tech programme at Delhi Skill and Entrepreneurship University (DSEU), Okhla II Campus, is one of the most sought-after courses due to its strong focus on blending technical education with skill development and entrepreneurship. The university offers industry-relevant curricula designed to
S
Contributor-Level 10
Answered 3 weeks ago
The eligibility criteria for the B.Tech programme at Delhi Skill and Entrepreneurship University (DSEU), Okhla II Campus, require candidates to have completed their 10+2 education from a recognised board with Physics, Chemistry, and Mathematics as compulsory subjects. A minimum aggregate score of 50
S
Contributor-Level 10
Answered 3 weeks ago
The timeline of Bower School of Entrepreneurship application is as follows:
| Rounds | Application Open | Results | Interview 'D' Day | Final Results | Fee Payment |
|---|---|---|---|---|---|
| Round 1 | Till Jan 15, 2025 | Jan 20, 2025 | Jan 21-31, 2025 | Feb 2025 | Mar 1, 2025 |
| Round 2 | Apr 1 - Jun 30, 2025 | Jul 2, 2025 | Jul 2025 |
Note: This information is sourced from official sources.
M
Beginner-Level 5
Answered 3 weeks ago
To enrol in the Bower School of Entrepreneurship BBA course, students need to complete the online application. The next step is to appear for the BEAT conducted by the college. Once the results are declared, students need to schedule an in-person interview. The final step is to pay the first instalm
P
Beginner-Level 5
Answered 3 weeks ago
Some of the career opportunities that will be available for students after graduating from Bower School of Entrepreneurship are as follows:
Become an Entrepreneur:
Develop competitive advantage
Growth through innovative approach
Develop ideas through out-of-the-box thinking
Mastering relationship buildin
B
Beginner-Level 3
Answered 3 weeks ago
BEAT stands for Bower Entrepreneurship Aptitude Test. It is an aptitude test conducted by the Bower School of Entrepreneurship to assess candidates for further admission into its BBA course. The entrance exam consists of four sections; Entrepreneurial Quotient & Current Affairs, Psychometric Test, B
A
Beginner-Level 5
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