India

We are a nation of entrepreneurs. It may stick been solid to tell this in the days before the economic liberalisation of the 1990s and the time of the license raj, but entrepreneurs existed even then. They were the vendors you tolerate still find in country buses, peddling myopic plastic knickknacks and bottles of cure-all powders. You can find them on thoroughfare pavements. And you can find them in rural settingsâ€"the craftsmen, the farmer, the tradersâ€"all managing their businesses without relying on salaries or handouts. When we think of Indian entrepreneurs, we often think of the braggart(a) success stories: Dhirubhai Ambani, the Tatas, steel baron Lakshmi Mittal or, more recently, Infosys founder Narayana Murthy. The littler entrepreneurs may not be as sophisticated, but the realm kiryana store lala, the beauty parlor owner and the neighborhood run up have their business principles squarely in place. They could certainly have taught the dot-com boomers (and busters) a thing or two nigh how to create strong, sustainable businesses. So how did these entrepreneurs create businesses from the ground up without huge capital? From them, we could learn a thing or two about: Providing value to customers. Are you offering the proceeds of convenience or price? Or is your product bizarre in some way? Managing operating costs.

Keep them beneath gross margins. Taking advantage of ones strengthsâ€"whether its location, low-overheads or building lasting relationships with customers. Understanding that your business neednt be high-tech to succeed. Rather, it needs to meet the needs of the customers in a way that would simplify and improve their lives. Starting littler and growing organically, while dreaming big. Indians have always been entrepreneurs. In Silicon Valley, nearly a quarter of all bare-assed startups were started by Indians in the dot-com heydays. We surprised ourselves, the children of the salaried center of attention class, brought up as we were in an environment... If you want to get a full essay, order it on our website: Orderessay

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