Be your own boss

2. 12000 ideas from readers around the country,
most Indians wanted to kick their jobs and set
up their own businesses.
 Most company executives had ideas which they
wanted to convert into enterprises one day.
 As the second edition of the programme decided
to check how employees in the corporate world
feel about entrepreneurship and if they are
ready to take the push.


3. o The feedback thus seemed encouraging.
According
to
a
ETSynovate
Entrepreneurship survey, 66% of executives
polled will like to become their own boss
someday.

4. 93% of those polled in Ahmedabad say they would
want to be their own boss.
 Around 48% want to start up and give wings to
their entrepreneurial dreams.
 33% of these corporate executive said, they were
ready to become entrepreneurs and thought it was
their true calling and that they will be keen to start
up at the first available
opportunity.
 Nearly 32% said they will like to
take it up a at a later date, while 22%
said they are not cut – out for
entrepreneurship.


5. Overall, 54% of the corporate executive said
they have business ideas that they will like to
pursue at a later date.
 The figure was higher in Bangalore and Pune at
73%.Delhi was at 65%,Kolkata was at 62% while
Hyderabad was the least interested with 74%
respondents saying that they had no ideas and
were not interested to become entrepreneurs.
 41% of executives said they are working on a
business idea which they will launch soon.
 It is also interesting to note that 47% of the
executives who are already working on their
idea are in the 33-40 yr age bracket.


6. About 38% of them are in the 25-32 yr age bracket.
Reasons for wanting to strike out : Executive complaints of Bias
 Lack of equal growth opportunity
 And in someways absence of a career path, which
leaves them some what dissatisfied.
 These could also be because of
issues with Bosses and colleagues
and
 The fact that they do not feel
their ideas or initiatives are
appreciated and given their due
credit.



7. While a majority of them said they could cope
up with all sort of work related pressures,20%
find out it tough to cope with their Bosses and
work issues.
 Another 20% is keen to switch jobs while 17%
say that, given a choice they would be their own
Boss and would be keen to start something their
own.
 About 42% are concerned about
lack of funds.


8. A similar percentage of executives are not sure
if their ideas will click, especially in a saturated
market.
 While some are happy being in their job, 29%
feel setting up a business involves far too much
risk.
 23% are concerned about the gestation time for
the idea to turn into a reality.


9. Every individual has his own risk appetite and
he has to take a call on how much risk he is
willing to take, at that point in time.
 Of the executives, 20% say they are the sole
earning members of the family which, even
though they might have entrepreneurial
ambitions and also a great idea, doesn't allow
them the luxury of taking the risk at this stage.
 Interestingly, about 20% of the executives say
they are uncertain about it because of lack of a
mentor to guide them in the process.
