Rural Entrepreneurship – The Scope of Opportunities

Rural entrepreneurship is a Ray of Hope for all rural human beings by this they will get the opportunities to become something in their life or at their place specially, and they will be able to find their exact potential to do something for their family too.

These are the most popular schemes by the government to encourage rural entrepreneurship 

Here is the most important thing which I am going to tell you that the government is providing many popular schemes to encourage rural entrepreneurship.

So if you are having any dream on which you want to work but not having any support then that is made for you only.

So do not feel pessimistic, be optimistic and start working on your dreams from now on. 

Here I am giving you knowledge about some of the most popular schemes by the government to encourage rural entrepreneurship so have a look.

  • Prime Minister Employment Generation Programme

This scheme provides subsidy for entrepreneurs. It has been implemented by Khadi and Village Industries Commission (KVIC) through identified banks, only for new projects.

All aspiring entrepreneurs can apply for this scheme and Self Help Groups (SHGs) can also apply for this scheme.

  • Centrally  Sponsored Schemes (CSS) of Export Market Promotion

The CSS is providing for the overall development of the coir industry, to support modernisation of export-oriented units to popularise coir products in global markets, and to participate in international fairs, and seminars.

It provides you up to Rs 2 lakh for participating in fairs and 25% of production cost with a ceiling of Rs 15,000 for publicity material.

  • Dairy Entrepreneurship Development Scheme (DEDS) 

This scheme is being implemented through NABARD which provides financial assistance to commercially bankable projects with loan from Commercial, Cooperative, Urban and Rural banks with a back ended capital subsidy of 25% of the project cost to the beneficiaries of general category and 33.33% of the project cost to SC & ST beneficiaries. 

Any individual entrepreneur, farmer, Group of farmers, Self Help Groups, Dairy Cooperative Societies, District Milk Unions and Panchayati Raj Institutions are eligible to apply under the scheme.

Successful Rural Entrepreneurs –

There are many successful rural entrepreneurs who have made their names in the rural industry so you can also become one of them.

Here I am sharing some big successful entrepreneurs names and work, you can also relate yourself with them because they had also started as a common man.

  • Mansukhbhai Jagani: Mansukhbhai is a popular rural entrepreneur. He developed a motorcycle based tractor for India’s poor farmers that is very cost effective and fuel efficient.
  • Mansukhbhai Raghavjibhai Prajapati: He is also a famous rural innovator in India known for his earthen clay based functional products like: Mitticool Non Stick Clay Tawa Low cost water filter He is the holder of the Indian patents for these products.
  • Chintakindi Mallesham: Chintakindi Mallesham is also in the top 10 rural entrepreneurs who invented a device for weaving which mechanized the process and reduced the human effort to bare minimum. This invention increased the production from one to six saris in a day and has given work to many people, also won a patent.

As per the sources India got 3888.12 crore turnover from rural areas in 2019 so Rural entrepreneurship is inevitable especially in India, whose majority of population live in villages.

So if you people take rural entrepreneurship seriously I am sure you will be the next entrepreneur of the rural industry.

All you need is to believe in yourself and do give a start to your idea and that idea can give you everything.

Why Rural Entrepreneurship is needed

  • Rural entrepreneurship has become essential as per today’s era as we can see the potential in today’s youth to do something big but they are not getting opportunities and platform to prove themselves especially in villages.
  • So that if rural industries generate large-scale employment opportunities in the rural sector then rural area’s people will get a chance to prove themselves.
  • Rural entrepreneurship is needed because by this villages can become more developed.
  • Rural entrepreneurship will work like a “pain killer” for those who are working in different cities but can’t come at their home because they don’t have employability in their village.

So by rural entrepreneurship that pain will be detected from their lives, so that people will feel free and happy because they would be with their families after completing their work.

What rural entrepreneurs can change 

So here I am going to talk about the most important part of this article, what rural entrepreneurs can change:-

  • Rural entrepreneurs can make a big change in the lives of many people in villages because after becoming an entrepreneur they can set an example for a vast population of rural areas.
  • Rural entrepreneurs can give a vision to rural people who are having some big dreams in their eyes for themselves and for their children too.
  • Rural entrepreneurs can make a big change in the field of art because a large section of artists are living in rural areas so by promoting them they can make a big change.
  • Rural entrepreneurs can change the mindset of urban people that rural people can not do anything and they can change the life status of rural people too.
  • Rural entrepreneurs can make a big change in the economy of our country by this they can remove poverty from our country because 60% of the population is from rural areas. 
  • If you take rural entrepreneurship seriously then you will be able to take benefits of government schemes as well. 

So by these points I just want to tell you all who really want to do something big in their life then first you have to do only one thing that is “Trust in yourself”.

Because the government can only support you by giving some schemes but only your inner voice and hard work will make you a big personality.

“Because today everyone knows that the prime minister used to be a tea seller but when he was not a prime minister, how many used to know about him.”

So stop thinking that how many people know you. Start working on your dreams because only your work can give you your real identity.

So i have said many things about rural entrepreneurship so i hope you all people would be able to interact with my words, and will get a new vision towards your dreams.

And you will start working on your dreams, and hopefully this article will help you in finding your real potential and by this you will get to know about many opportunities for that you can start working from now.

I feel that you people  will be able to find your inner talent or especially what you people really want to do for yourself. And you will get to know how it can be done by you.



Dairy Entrepreneurship Development Scheme – Full Detail

Dairy Entrepreneurship Development Scheme

Dairy entrepreneurship provides a very big scale of employment and supplementary income to a large number of people, and the dairy sector contributes significantly to poverty reduction in rural areas.

What is Dairy Entrepreneurship Development Scheme ?

The Department of Animal Husbandry, Dairying & Fisheries (DADF) launched  the Central Sector “Dairy Entrepreneurship Development Scheme”. 

This scheme has been implemented by the National Bank for Agriculture and Rural Development (NABARD).

Eligibility and Process to Get the Benefits of Dairy Entrepreneurship Scheme

So now we are going to gain knowledge about eligible people under dairy entrepreneurship development scheme:

Eligible Beneficiaries under Dairy Entrepreneurship Scheme:- 

  • An individual entrepreneur
  • A farmer
  • Group of farmers
  • Self Help Groups 
  • Dairy Cooperative Societies
  • District Milk Unions 
  • Panchayati Raj Institutions 

These all can apply for a dairy entrepreneurship development scheme, these all are eligible for this.

Now let’s talk about the process to get the benefits of dairy entrepreneurship scheme:

The government, under the Dairy Entrepreneurship Development Scheme is providing subsidy through NABARD on dairy installation and dairy products equipment.

  • As per DEDS, dairy entrepreneurship development scheme a person will get 25% capital subsidy on the total cost of dairy installation. 
  • An SC/ST candidate may get up to 33% subsidy. 
  • The subsidy is extendable for only up to 10 animals. 
  • For one animal the central government provides Rs 17,750 as subsidy. 
  • For SC/ST people the subsidy becomes Rs 23,300 per animal. 
  • A general category person can avail up to Rs 1.77 lac worth of subsidy upon opening a ten-animal dairy.

Subsidy on Dairy Equipment:

  • As per the scheme, one person can also purchase equipment for the manufacture of dairy products. 
  • On the purchase of a Rs 13.20 lac machine, that person can avail 25% capital subsidy (Rs 3.30 lac). 
  • SC/ST candidates can get Rs 4.40 lac worth of subsidy.

Subsidy on Milk Cold Storage: 

  • The Dairy Entrepreneurship Development Scheme also provides subsidy for the installation of cold storage units in order to preserve milk and milk products. 
  • Cold storage may cost Rs 33 lac so the government shall give up to Rs 8.25 lac to general applicant and Rs 11 lac to SC/ST applicant as subsidy.
  • So by following these different processes you people can avail for the different types of benefits.




This scheme has multiple objectives such as:

  • This scheme is implemented for generating self-employment.
  • This scheme is generating opportunities in the dairy sectors.
  • This scheme is providing infrastructure for the dairy sector.
  • It is going to set up  modern dairy farms. 
  • It is providing infrastructure for production of clean milk.
  • It is increasing the development of good breeding stock.
  • It is bringing structural changes in the unorganized dairy sector, by following this process initial processing of milk can be taken up at the village level.
  • It is upgrading traditional technology to handle milk work on a commercial scale.
  • It is covering activities such as enhancement of milk production,transportation, processing and marketing of milk. 
  • This scheme provides back ended capital subsidy for reliable projects.

Dairy entrepreneurs can actually contribute to the society in the following areas:

  • Dairy entrepreneurs can create jobs for the large section of unemployed educated youth.
  • Dairy entrepreneurs can create sustainability of commercial dairy production.
  • Dairy entrepreneurs can introduce new technologies and new products through entrepreneurial spirit.
  • They can reduce poverty, nutritional hunger through dairy development.
  • Dairy entrepreneurs can give their contribution in increasing income and equity.

Here i am sharing the 5 entrepreneurs name who are changing milk drinking in india:

  1. Devendra Shah – Founder, Parag Milk Foods
  2. Aalekh Agarwal – Founder, Cowboys.desi
  3. S Nagarajan – Managing Director, Mother Dairy
  4. Srikumar Misra – Managing Director & CEO, Milk Mantra
  5. RS Sodhi – Managing Director, Gujarat Cooperative Milk Marketing Federation (Amul)

Why Dairy Entrepreneurship Development Scheme is Launched & When it is Launched

Why it is Launched :-

Dairy Entrepreneurship Development Scheme is launched by the government to extend

assistance for setting up small dairy farms and other components to bring structural

changes in the dairy sector.

When it is Launched:-

The Department of Animal Husbandry, Dairying and Fisheries (DAHD&F) launched a pilot scheme titled “Venture Capital Scheme for Dairy and Poultry” in the year 2005-06.

While a mid-term evaluation, some specific recommendations were made to accelerate the pace of implementation of the scheme. 

When the department received representations from various quarters including the farmers, Governments and banks, DAHD&F determined to make some changes to the scheme, including changing its name to Dairy Entrepreneurship Development Scheme (DEDS).

The revised scheme has come into operation from 1 September 2010.

How People are Getting Advantages of Dairy Entrepreneurship Development Scheme 

In this scheme farmers are getting a big advantage of loan which is of worth Rs 7 lakh for 10 animal units, Minimum limit is of two animals and highest limit is of ten animals. 

25 percent of the project cost will be applicable as per the back ended capital subsidy.

Some other advantages of this scheme:-

  • It is a very environment friendly business because producing dairy foods requires natural resources such as energy, land and water so this can never arise pollution which is happening because of many industries. 
  • Dairy community takes environmental stewardship seriously and is committed to contributing to sustainable food systems.
  • It would be having a very big advantage of increasing demand for milk products, because this demand is rapidly increasing day by day.
  • Cow dung is a good organic manure that increases soil fertility, so it can also be a very good advantage of dairy business.
  • Cow dung can be used for the production of biogas, so by this also this business will play a big role in the dairy farming industry.

So as we have talked about many things regarding Dairy Entrepreneurship Development Scheme so as per me all the people who want to step in this entrepreneurship they will get all the knowledge about that.

I hope this article will be useful for you and you will be able to find all your questions answers which are clicking in your mind from a long time so get your answers and take a further step towards your goal.






How to Start a Solar Energy Company

Solar energy is one of the never ending energy source. There are many opportunities for fabulous business career. Alternative energy sources are on the mind of everyone this trend is going to continue.

Oil prices are increasing day by day and it is a limited source of energy. We have limited fossil fuel on the earth but the sun is an unlimited source of energy. We have one more unlimited source of energy it is windmills but it has too many barriers to establish it.

Solar energy power plant system is easier to establish than windmills. India has been working on the solar system for 50 years and now the rates are very low here in comparison of starting time.  

The government has also launched several schemes to promote this.

HOW TO START SOLAR ENERGY COMPANY

Types of solar energy companies

There are three types of companies in the solar industry-

1.) Solar EPC company –   EPC is engineering, procurement and construction. EPC term is for providing end to end solar services from designing the system, procuring the components and installing the project. Under EPC system you set the power plant to third party and purchase the complete component of the developer the same developer offers you the profit on the payment condition. EPC buy material from manufacturer.

2.) Manufacturer –   It makes the necessary material for the solar projects like solar cell, panel, stand etc.

3.) Contractors –   People required to do the actual ground work and this work of contractor. They do physical work for solar business like to set solar panel and maintenance of solar panel etc.

Process of establishing a solar energy company

  • Make a business plan – 

For making a solar energy business plan you should work on these points

Research on market –   The first step you need to take before starting a company is to do a research on market conditions, this is the most important step in the success of your business. Do search about raw material for solar plant, market competitors, costs etc.

Make a good combination with govt. Electricity department because you have to sell your electricity to them. You should make good working policy with them.

Location –     In the business of solar power plant location matters a lot because our whole work depends on sunlight and sunlight depends on location.

Different places have different sunlight. The difference is the intensity of sunlight. In the picture we can see intensity depends on location. Dark red colour has more intensity than faded yellow .

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First thing is to insure that intensity of sunlight must be in good range. If intensity is very low then we can not produce that much energy.

Second thing is flat land must be there. Flat land is ideal condition for arrangement of solar panels . Now days adjustable panel are available for uneven land but we can reduce expenditure by flat land and we can get more energy by flat land.

Third thing is we need shadow free land for panel because shadow can decrease the product of panel.

Before choosing a location you should consult an expert it can reduce your extra expenditure on solar panel.

  • Licence and certification –    

 After deciding a suitable business plan find out how to become certified.It is time to start the process at the corporate level. First of all understand the process of application of licences and certificates.

You must be sufficiently qualified to obtain this licence and certificates.

The licence and certificate will include  

1. Tin number

2. Article of association

3. An article of memorandum

4. Certificate of commencement 

The article of association and the article of memorandum are the two major documents that you need to start a business.

  • Registration –   

                               Registration is the preceding step after obtaining the licence and certificate. You have to register your company in the registrar office of your state then they will check all certificate and after getting you competent in all aspects of your company will be registered.

  • Secure sound financing –   

                                                             Review all the costs required to launch and run your company. If you don’t have adequate fund then submit a loan proposal. Government are providing good loan and subsidy for solar power plants.

Financial decision are most important activity in business. Financial decision about how much to spend on each activity.

There are many activities depends on fund like land, building, machinery, marketing etc.

60% of the whole money is consumed by land because land’s prices are getting high. Land is the biggest part of this business it plays a big role in this business.

Saving money on solar cell is not right you should not compromise with quality of solar cell because this business takes a lot of time to get profit back it can take about 10 to 15 years till then it is your responsibility to keep your solar panel safe. Best quality solar panel can cost more but if they are good then they will last longer and will keep earning profit by panel.

You must hire a specialist for buying solar equipment because equipment’s utility depend on your land you have to choose the right equipment to save money

Specialist can help you to reduce expenditure on equipment.

  • Man power for company –   

                                                  Then comes an important step which is to mobilize man power for your firm because new start up require more labour and employee and competent human resource will definitely give more benefits. A hardworking team can bring success to a very big level so choose the team well.

Look for candidates who can bring a positive attitude to your business.

  • Marketing strategies –
  • Know your target customers –   Identify target customers before launching your company. Pinpointing and targeting specific groups helps establish a reliable customer base.
  • Maintain a strong online presence –   A well designed website make you reach to client more easily. Your website should incorporate mobile friendly features by this customer can connect to your site through their smartphones.
  • Additionally include a project portfolio as well as your company’s contact details.
  • Create awareness across all social media platforms –   Open different social media accounts and use them to elevate your business profile.
  • Build a solid customer base –   proper marketing can build a solid customer base. Reward clients regularly with discounts, gifts and free services. Satisfied customer will often refer more people to come to your solar panel installation business.
  • Conclusion

 Be sure to choose a unique name for your business. Maintain your solar installation equipment properly to avoid unwanted expenditures like repair or replacement costs. Ensure that all employees understand their role in the company and treat all clients with fairness and respect to keep them connected.

Long term growth and business success depends on always putting the customer first.

Related post – How to Make a Business Plan






What is a Food Truck Business? How to Develop a Food Truck Business Plan?

Food Truck Business Plan

“Food truck business” Don’t know what is a food truck business is? Or you did hear of it but don’t know how the plan goes on when it comes to

“Food Truck Business” well we are here to explain to you what is food truck business and what is the business plan you need to follow to run start and run it successfully.

What is a food truck business?

A food truck business includes a large size automobile like a van or trailer, equipped with a small modernized kitchen to cook, prepare and serve food. 

usually preferred by small owners or any famous restaurants to serve food in other localities as well. 

Some food trucks sell ice creams and desserts some sell frozen or pre packed food; others have on-board kitchens and prepare food on customer requirements. you can see food trucks usually in construction sites,near to any corporate company and busy streets, parks where people usually hang out.

The food truck business provides an option for the on-the-go person to grab a quick bite at a reasonable price. 

Nowadays the craze of fast food is rapidly increasing so as food truck businesses and also some food truck owners earn a good amount of money out of this. 

In food trucks the advantage of mobility provides owners access to multiple locations at an initial capital that’s less than that required in opening a restaurant of the other format, this is why small all restaurant owners are looking to invest in a Food Truck instead of an individual stationary restaurant. 

So if you are looking for a food servicing business but do not have enough money to invest in a restaurant business then you should go with a food truck business. 

Food truck business or a restaurant on wheels has been an on-trend concept in India and all over the world, among entrepreneurs and consumers alike.

How to develop a food truck business plan?

Now as we have understood what food truck business is. Let’s know how to do business planning for a food truck business?

It’s natural to have hesitation while starting any kind of business which is why we will help you to learn how you can create a food truck business plan here.

Table of content-

  • A right choice to select food truck and location
  • Analysis competition and Creating the brand
  • Kitchen equipment and others
  • Requirements of manpower
  • Raw materials and food hygiene
  • Creating an online presence for your food truck business
  • Marketing your food truck business
  • Conclusion

Let’s go through some points which will guide you the way to develop a business plan:

A right choice to select food truck and location:

The first thing is to select the right food truck and location where you will have to sell your food. choosing a food truck is depend on the type of food you plan to serve, you need a commercial vehicle which is at least a decent size of 18 to 20 feet of length this will cost roughly around 7 to 8 lakhs.

Hey wait !

Don’t worry if you are a little tight in the budget you can buy an old commercial vehicle with right paper works which will cost almost half of the new once also you will have extra money left for designing the vehicle according to the need.

Choosing the right location is important you should choose a street which should be near to a construction site, park, busy street also you have to analysis the food street where less number of food vendors sell the same kind of food. 

Also the location should have a regular flow of traffic to invite people to have a quick bite.

The street should have good parking space for the food truck also it shouldn’t be creating any hazel to commuters. There should be enough space for customers to have the food and enjoy it.

Analysis competition and Creating the brand:

There is good competition in the food business market so building a strong brand presence is important your brand should connect customers with a unique story.

Analyze the competitors business how they are doing in this business Everything you can dig up about your competition will be useful when you go about building your brand.

Creating a brand presence includes naming of the food truck, the logo and the theme of the food truck this will connect with customers it is important for branding It will show up on all your designs, on your food truck, on your banners and promotions and all your social media platforms.

 Make sure it speaks to your brand.

Kitchen equipment and others :

It depends on the type of food you are planning to serve still on an average you will have to invest a roughly around 2 to 2.5 lakhs which includes Microwave, refrigerators, griller, steamer, working tables, one burner, exhaust equipment, generator or big batteries with an inverter and other things that are needed in the business. 

It is good if you are going for new kitchen equipment because as it is mostly electronic items you will not be having issues of servicing it as it will be having a fixed time warranty which will cover all the necessary maintenance costs.

If you are a little tight in the budget for your food truck business you can go for old equipment which is in good condition if you can get a good deal out of it this can save you a good amount of money and also you will have some extra money for other essential items needed in your food truck.

Requirements of Manpower:

In this food truck business, you need to have a very good chef to cook food according to the type of foodservice your business is providing. you need at least 2 chefs to start with so that food can be delivered on time and customers shouldn’t have to wait for food getting ready.

In India you can get some good chefs which will cost you anywhere from 13 to 15k monthly also with a helper who can take care of the operation of your food truck business. 

If you are planning for delivery services then you can hire a person who knows well the location and he can help you to procure raw materials in needy time.

A delivery boy will easily take a salary from 10k to 12k monthly. Also if you want to create your brand presence in the food truck business you need to have a good team from cooking to delivering because in the end customer satisfaction is the main goal.

All the staff should have a unique dress code that helps in the brand presence and also will gain trust among your customers in the food truck business.

Raw materials and food hygiene:

You need to have the right amount of raw materials so that you do not need to hurry up and bring raw materials, it is advisable to stock the raw materials enough for 5 to 7 days in the preservative so that it would get damaged and make a loss in food truck owner’s pocket. 

Then comes down to hygiene of the food truck, the food truck business operates at a small space where both cooking and selling food operates. so it is necessary to maintain a clean kitchen and also good waste food management all the materials used in cooking should be of good quality so that customers will feel good and they will be coming again and again to your food truck. also, your staff should be well dressed and cleaned and maintains good sanitation.

Creating an online presence for your food truck business (website/software/social media):

Nowadays having an online presence helps the business a lot, thanks to the free internet everyone is into their laptops and mobiles. so you should also invest in creating

websites or software depending on your budget so that people can know about your food truck business and also go through the menu.

Almost every food truck business has its website/ software where they get connected to their customers anytime and anywhere, so you need your online portal should be user-friendly and easy to understand by a layman. they should feel easy to place an order. 

Investing in the software will cost more than just a website. so at first invest in the website then as per your online popularity, you can invest in software.

If you do not have enough money for the website too then you can create a social media page and start inviting customers who like street food with some offers at first this will drive your customer and if they like your food they will suggest your food truck business with their surroundings.

Marketing your food truck business:

It’s too difficult to survive or maintain your food truck business without marketing, here are some of the marketing techniques you can have to market your food business:
1. Social Media (Optimization/Marketing): After you have created a social media page for your food truck business you need to maintain the page by adding a post of latest foods you are having on the menu and be active on the social media page and keep      posting at least 5 times a week to keep your new customers stick with you and visit your food truck.


2. Placing ads in social media for your food truck business so that it will drive a good amount of customers into your business and it is not much investment. you can show ads to the one who is interested in street foods and food truck business this will surely be a good return of investment for your food truck.

3. Search Engine (Optimization/ marketing): After you create a website you can optimize it with some of the shortlisted keywords about your niche and create 

content so that you will be available on the first page of google in the optimization of the website you will have to optimize your website properly so that it will mobile friendly and customers would not have issues surfing on mobile or any other devices.

you can also place ads in the google search engine when the customer types your niche keyword it will appear in the first page of Google so that customers could find you this will create online orders and brand awareness. you can target a certain audience who will be interested in your niche market. 

This comes under digital marketing and you can hire a guy who knows this marketing and this will generate you a good amount of sales and cover-up all your investment within a few months of starting a food truck business.

Conclusion:

These are some of the steps you should take in starting of the food truck business, also you have to do a  Licenses & Permits Required For Starting a Food Truck Business

which will cost you around 50k to 80k.

In India, the investment for a food truck business will cost you around 8 to 10 lakh but the good thing is the overall operation cost is less than a small restaurant in the long run and also a normal food truck business can earn anywhere between 8k to 15k daily depending on how are you service satisfy your customers. 

Also, you can grab opportunities like any events, catering, and occasional opportunities you can have a good amount of sales in a day also you can generate branding for your

food truck business.

Food truck business is in a hot trend right now and doesn’t show any sign of slowing down. if you are planning to open a restaurant business but don’t have enough

money and time to invest in a food truck business is a good option.  




10 Business Ideas for Women at Home

10 Business ideas for women at home

Here are 10 Business ideas for women which they can start from home with the least investment in fact some businesses they can start without investment even.

By this we want to support these women who really want to do something in their life but they are not able to do because of some family problems or some other problems they cannot go outside of the home.

But after getting knowledge about these business ideas they will be able to choose something to do from home only and they will be able to earn money too and most importantly they will get happiness after becoming financially independent.

So here are those all 10 business ideas.

1. Yoga Instructor

In today’s era everyone wants to look good and wants to be fit by body so if you will become a yoga instructor then that will become very beneficial business for you.

You can become a yoga instructor after completing 1 to 3 month course from any certified center of yoga and then you can start your own yoga center from your home. 

For this you can charge a good amount and everyone would like to pay you because by this they will get a good health and good health will give them good heart and mind.

As we have been listening from years that “A healthy mind resides in a healthy body“.

2. Dance Classes

As we all know that we are living in India and India is the country of culture and festivals so we love to do dance on all occasions of our life especially in marriages. 

And everyone would like to spend money in marriages and dance is an important part of marriage, in all the ceremony of marriage we people do dance like haldi, mehandi, ladies sangeet and many more. 

So you can start dance classes at home and for this business you will not have to do any kind of investment, you need only sound system which usually we have at home. 

In this business you can earn a lot of money by having bookings of sangeet function of marriage parties, retirement parties, annual functions of schools and many more occasions. 

And you can take all classes at your home only.

3. Blogging

Blogging is one of the best business ideas by this you can elaborate your thoughts on any topic and can earn easily because it is all about your thoughts which you can deliver to people by blogging. Your thoughts can give answers to many people about their questions and they will feel better after getting answers to their questions by your blog and obviously by your thoughts. It’s quite a good job especially for women who cannot go outside their home.  Women will enjoy blogging as a business & also will have the advantages of staying at home and will be able to give proper nourishment to their kids at the same time. Blogging is one of my favorite forms of passive income. 

4 . Handmade gift items business (Crafter) 

If you are having interest in making handmade gift items then you can start a business of that first you can start by self and when you get little success in this profession then you can hire someone as an assistance of yours.

In today’s generation everyone would like to gift handmade items such as: 

Handmade cards, scrapbooks, mixed media layouts and many more things. 

And you can take classes for that you can organize workshops too.

You can canvass your work by making page on Facebook, Instagram, and many more social sites, you can sell your products by Flipkart, Amazon etc.

You can make YouTube channel to canvass your creativity and can also take online classes. There are many options to canvass your work and by this you can earn a good amount every month by living at home only.

5. Jewellery  making

This is also a very good business idea which you can start from home you can buy jewellery in bulk from wholesalers, for getting knowledge about wholesalers of jewellery you can take the help of Google and especially Youtube.

Now a days oxidized jewellery is in trend people are liking it very much so you can start this business you can buy material in bulk from Delhi, Calcutta, Mumbai, Ahmedabad these cities will be much better for this type of material.

You can make whatsapp group for selling your products on social media too.

You can sell flowers jewellery also it is also in trend in marriage functions and baby shower functions too.

In this business you have to invest little time of yours and you can earn more.

6. Cooking classes 

It is also a very good profession for ladies if you are having interest in making delicious food and you like to try new dishes then you should start cooking classes at your home and you can teach many people how to make delicious food and different types of dishes.

For this you can use your kitchen at home by this you will not have to do any other investment and you can charge a good amount for teaching.

You can make your own YouTube channel of cooking if people will like your way to teach online then they will surely subscribe your channel and by this you can earn and canvass your interest also.

7. Tiffin center

If you are having interest in making delicious food and you don’t want to start cooking classes then you can start tiffin center by this you can earn a good amount every day or month.

In today’s era many people are compelled to live outside of their cities because of their jobs and studies, so at that time they don’t have time to make food so they like to take food from any tiffin center.

And if they will like your food then they will become your regular customers and that will give you confidence.

You can sell your food online too by registering on Zomato and Swiggy apps.

It will give you a good publicity to canvass your business.

8. Boutique

It is a very nice business to people who likes to make new clothes and design new clothes, they can start a boutique from home for this they need to have sewing machine at home that usually we have at home so we can start from this only we don’t need any kind of big investment.

And if you get success in this business then you can hire some labor for sewing the clothes and then you can excel your work on big level.

You can participate in fashion weeks and you can organize exhibitions of your work that will give you a huge publicity and by this you can become a big entrepreneur.

9. Coaching Classes

If you are educated and like to give your knowledge to others and want to do something but don’t want to go outside of the home or can’t go outside of the home then this business is for you only.

You can start coaching center at your home for this first you will have to apply a flex of your classes outside of your home, by this people will notice and start enquiring and you can do mouth canvassing too. 

Now-a-days all people want to give a very good education to their kids for this they always find a good tutor for that so you can become that tutor who will give good education to their children.

By this you can earn and enhance your knowledge too.

10. YouTuber

If you are thinking that you have good thoughts about anything and you want to make people aware about that so you should start a YouTube channel for this and you should make good videos on that.

In this work you don’t need any kind of investment for this you need only one android phone with data, so you have to make videos and upload these videos on youtube and for being a good YouTuber you have to focus on your content which should be very specific and genuine which can relate to a layman.

By this you can attract many more people towards your videos and then only you will get more subscribers and watch time on your channel that will help you to enable your monetization policy of your YouTube channel.

Yes this business idea will surely take time to succeed but once you will succeed you will feel top of the world.

By this you will connect to many people and they will give you a satisfaction that you are doing something good for others.

So friends here we are completing our article on 10 business ideas for women’s at home so if you can relate yourself to any one business idea from all of these then do start what you want to do and do earn feel independent and happy from your inner Saul. 

We want to say only one thing by this article that all people wants to get money and want to do something too but they don’t start because of laziness of something else but if anyone has a little interest in something then they should give a try at least, weather they don’t have enough time but they can start by giving little time and when you will start to earn by self then we are sure you will do that on a regular basis.

And one day you will surely get a big success of your hard work, and that will happen only when you will start something.

If you are planning to start a business then please read our this post – How to make a business plan ?


What is Social Entrepreneurship – 10 Steps to Become a Social Entrepreneur

What is Social Entrepreneurship ?

Social entrepreneurship is a process , By which Innovative Initiatives are taken by the start -up , entrepreneurs , companies to solve social problems , such as poverty ,illness, illiteracy ,environmental destruction ,human rights abuses and corruption , in order to make life better for many. main objective of profit based entrepreneurs are to generate revenue and profit gain , whereas social entrepreneurs are cause driven with entrepreneurial mindset . social entrepreneurs keep long – term road map for their social goal , they practice hybrid model that uses business solutions to make an impact on the world.

How to become a social entrepreneur ?

social entrepreneurs create innovative solutions to tackle social problems .these entrepreneurs maximize social value instead of profit , they place social mission to the center of their business activities . they are so passionate about making a difference.
to succeed as a social entrepreneur , you need to have great purpose driven business idea . you need to have a clear road map for your journey .

Here are ten practical , actionable steps to become a successful social entrepreneur .

  1. Developing the skills
  2. Identify the problem and research the field
  3. Aim to run things like business
  4. Make a team for support and feedback
  5. Develop your business model
  6. Initial investment funding
  7. Brand your enterprise
  8. Use information technology
  9. Be transparent with consumers
  10. Remember your mission

1. Developing the skills

  • grabbing opportunities to develop your social intelligence : any experience you can get that build social intelligence will help you in your journey . look for those internship or fellowship programs who give you opportunity to work on ground level , on grass root level you will get to interact with people , you will get to know the real problems of people .

  • expand your creativity : social entrepreneurs have to be creative. try to find innovative ways to function charities and non profits to maximize donations and implement action .

  • gain leadership experience: leadership is the key for any position of entrepreneur . try to find opportunities where you could lead. 

2. Identify a problem & Research the field

  • start by deciding precisely who you want to serve and exactly where and how you want to serve . be clear about the problem which you would like to solve .figure out where to focus your energy , think about what is important for you , there are many issues in the world , such as poverty , pollution , that need to be addressed, you must not start solving any problem , which you read , heard somewhere, you must not have preconceived ideas , firstly you have to go on grass -root level ,you have to live that problem , try to interact with victims , those who have been facing problems.

  • for example , when social entrepreneur muhammad yunus had started lending to poor people , firstly he had lived with poor people , he had tried to find the real cause of poverty , then he realized that poor people are compelled to borrow money from ” loan sharks” , then he had founded “grameen bank ” which lend to poor people without guarantee ,without collateral.

  • so try to identify problem and after doing research on it and figure -out the cause of it.

3. Aim to run things like business

  • your business is not charity , it has to recover its full costs while achieving its social objective , when you are running a business , you think differently and work differently than when you are running a charity .you don’t have to rely on charitable donations ,foundation grants or government support to implement programs.

  • Social entrepreneur muhammad yunus says “a social business is designed and operated as a business enterprise with products ,services ,customers , markets ,expenses and revenues but with the profit -maximization principle replaced by the social -benefit principle ,the social business seeks to achieve a social objective”.

4.Make a team for support and feedback

  • you need to understand that you can not achieve your social goal alone , you must have dedicated team , look to people already in your life and career who you consider to be trusted , they may be some of the competitors and collaborates you came across when researching the field or they could be like minded souls who want to make a difference, too.


remember that your team members likely have good intentions and want to see you succeed.

5.Develop your business model

  • how your enterprise is going to make money , your business model will be the roadmap of it . you need to decide how far you want your services and products to reach . if you want to expand to make big impact , decide exactly how much money you need for your enterprise to support your mission .

  • your business model must be like that ,any profit it earns does not go to those who invest in it, your business might be defined as a non loss, non-dividend business , rather than being passed on to investors ,the surplus generated by the enterprise is reinvested in the enterprise.

6. Initial investment or funding

  • initially , to get funding is hard nut to crack , you will have to decide that you would take loan or invest your savings or get money by crowdfunding but after sometime when you would be creating more social benefits for poor people in early stage then why would investors not put their money into your enterprise ?

  • first , people will invest because of personal satisfaction they would get from philanthropy. the many billions of dollars that people around the world donate in charity ,it means they are having hunger to donate money so why they would not invest in your enterprise which is working for more and more social benefits of people.
  • second , investors in a social business get their money back , they can reinvest in the same or a different enterprise.

7. Brand your enterprise

you are running a social enterprise but branding of it is very important . profit based companies work very hard on establishing a brand to get consumers attention , so you will have to do branding and make ensure to people, how can you differentiate yourself from other charities ? what makes your cause unique ?

  • you will have to reach to people if you really want expansion of your enterprise. you will have to create emotional connections with consumers use things like videos and images.

8. Use information technology

  • there are many brilliant ,idealistic people in the world who would like to devote their time, energy and talent to finding ways of using information technology to fulfill your enterprise social objective.

  • to get funding , hiring of people , marketing of enterprise, you can find people and organizations to causes similar to yours , in many works you can take advantage of technology.

9. Be transparent with consumers

if investors know exactly where their money is going , operate from a place of honesty and transparency . this will help you gain more support .tell people all about your cause , have a section on your website highlights your belief and what you are trying to accomplish, share specific statistics and milestones .

10. Remember your mission

becoming any kind of entrepreneur can be stressful at times , you may have some bad days and there will be failures along the way , if you feel lost , remember your cause , recall why you got involved to begin with , remembering your cause will help you stay on track.


Restaurant Business Plan – Do’s and Don’ts

Restaurant Business Plan

Are you set for opening your restaurant? Is this the plan you had a long time back but 

could not implement it because you were afraid of risking your money and time into it?

Well now, this might be the right time to sit down and draw up an idea to open your own restaurant business.

Don’t worry, we are here to assist you to produce the right direction for achievement and grow your restaurant business without worrying about the risk factor.

No doubt it is a tough business which will consume much time and money but That’s Where we will guide you with a modernized restaurant 

business planning helps and makes your business a successful run in this restaurant market.

To know more about business planning you should read our this article- how to make a business plan ?

First lets know what are the drawbacks in failure of some restaurant business.

Hey, wait! We do not want you to discourage you or any aspiring restaurateurs out there, or to lower the morale of the Present ones,  however, we tend to believe that “An ounce of prevention is worth a pound of cure”.

So let’s go through it first:

Poor location planning and rent:

 Location is the key factor before you set-up your restaurant business

some restaurateur spend a lot in renting for the location inside the busy locality and end of being in loss because of high rent.

it is important not to overspend. Often good locations come at a high price, and restaurants are not able to cover their costs.

If Also they get the right location they fail to find their right audience also analysis the location properly before setting up your restaurant business.

Inexperience of owner:

Well it is said that anyone with financial support and time can open a restaurant business but it is very important for the owner to have

The right planning and idea for the restaurant business. lack of inexperience leads to failure in business.

Staff management problems: 

Untrained Staffs and thefts can lead the restaurant business down within some time.

Many restaurants fail because of poor staff management this will harm your business and be the major reason for failure because it’s all about customer satisfaction at the end.

Poor menu structure:

Some restaurants have a complicated menu which is not structured well and creates confusion in the customer’s mind and dissatisfaction of customers leads to a loss in business.

No involvement of the owner:

Often restaurateur does not have experience in this business market and end of depending on the manager of restaurants. they only think

investing money is enough for the long successful run for business, but this also leads to the breakdown of the business.

Lack of analyzing:

The main thing restaurant fails because of lack of analysis of the market which dish isn’t doing well to exclude those and to bring a new dish which will be liked by the customers and in trend dishes.

Also, it is the responsibility of the higher management to identify the loss of business and bring on solutions to sustain in restaurant business market.

At last, the main thing in today’s world is the marketing of your business to the right audiences.

All the things are done great location, well known trained staff, good menu structure but still, restaurants fail…. Why?

Well they forget the power of marketing in today’s generation. your business won’t make an impact in the restaurant market if it is not marketed properly in both online and offline.

So Now hopefully you understood Why some restaurant fails.

Now keeping this in mind let us guide you the business plan you should have before and after 

Market Analysis:

Before establishing your restaurant it is important to make the market research of what customer likes to have, What should be the proper location for your restaurant business 

what is the trend dishes for restaurant business all the reports from some successful and failed restaurant business 

and then have a conversation with the expert to make this business plan a success.

Branding of your Restaurant:

From the information of reports you can have a clear idea of how to step ahead in the process. It is important to make a presentation of your restaurant brand by introducing your goals some unique selling points of your restaurant your right ambiance of restaurants etc. 

In this stage, you have to also invest your time and money in marketing your restaurant business.

Proper Menu Structure:

Your Menu is the important element of your restaurant business a well-structured menu will drive customers and your customer won’t be confused

also, your menu design should be eye-catching and it would be great if the design matches the theme and ambiance of the restaurant then it will be very good for your business.

This means you are focused on every detail of the restaurant. the menu should contain every information of the dish in a summarized way so that customer should have an idea 

what he is ordering.

Staff Hiring:

It is important to hire a well-experienced staff in your restaurant business because these will be the people who will be interacting with the customer.

Customer Satisfaction should be the main goal of any kind of restaurant business. 

Restaurant design and ambiance:

The design of the restaurant will be the key attraction for the customers to drive them into your restaurant. Here you can show the customer

the creativity and thoughts you put in-to the restaurant mainly here you are showing the concept of the restaurant.

Right Location:

As we discussed before that location also plays a vital part in a successful restaurant business, it’s important that your targeted audience can come to your restaurant without facing any difficulty also analyze the location before setting up the restaurant business. 

Regular Audit:

This should be happening more often to analyze whether the restaurant is making profits or not and what steps should be taken to improves it, also 

analyze which dish is not selling and remove that dish which something new which will be liked by customers.

Marketing to and for:

Well Marketing your restaurant business to and fro is important so that to make customers know that your restaurant keeps on updating new dishes,

new offers, some festive offers, etc. It’s important that the Restaurant should be in constant presence in social networks to drive new customers.

So this is some of the guides you should be looking into before setting up a restaurant business…

Yes, it is a little long but it’s worth your time reading.






How Artificial Intelligence and Machine Learning are impacting modern business era?

How Artificial Intelligence and Machine Learning are impacting modern business era?

In the last few decades technology has become a very indispensable part of our day-to-day lives. It has taken over almost each and every section of our basic necessities. Individuals’ more than half life has been dependent on the technology. 

From our day to day life tour business environment, everything is rapidly becoming the user of Artificial Intelligence. We are somewhere among the most comfortable generation that we are witnessing the services and receiving the help of Artificial Intelligence to make our lives easier. 

Now every small and big entrepreneur wants to impart the technology in business to get a hype. The maximum part of our technology has been covered by Artificial Intelligence and machine learning. So, we are preferring them more to create a healthy and successive business graph.

But having said that every coin has two aspects, it also has. On one hand Artificial Intelligence and Machine Learning has made our lives and work easier than before at the same time on the other hand it is decimating our lives in some aspects. We are using the maximum part of AI in our business environment. So, definitely we will be going to get maximumly positive or negative results in our businesses. 

This article is all about how Artificial Intelligence (AI) and Machine Learning are impacting modern business era? So, before we start to learn, we all must know what is Artificial Intelligence?

What is Artificial Intelligence?

A part of computer science that helps human as a human. It works to makes things faster with the help of technology. It fusses-over to create more most intelligent machines of world. We can have some examples of AI that we use it on a daily basis, eg., Speech recognition, Cortana, Siri, Google Assistant are well utilized and known examples of Artificial Intelligence. 

Let’s learn the both aspects of Artificial Intelligence and machine learning’s impact on our business era.

POSITIVE IMPACTS 

  • Digital Assistants
  • New innovative businesses
  • Accuracy that helps in decision making
  • Economic Growth

Digital Assistants

Digital assistants have become so common that we don’t even realize that we are surrounded by it. It has created a huge scaled market in terms of users and sellers.

According to the survey so many facts have come in the light. 

According to the report of 2018 digital assistants’ popularity will cross 1.8 billion by 2021 worldwide. Out of them 54% have agreed that digital assistants have made their lives easier. Estimated size of Virtual Digital Assistants’ (VDA) market worldwide is 8.56 billion USD. It may go 15.79 billion USD by 2021.

We use digital assistants in making our work faster and easier like

  • To get to know about traffic conditions of a place where we need to go.
  • To get reminders of meetings and personal appointments.
  • To read out emails and messages.
  • To type something faster than a human typing speed of typing.
  • To order goods, foods, and so more.

Digital assistant seems fun in use and the language it speaks is so friendly and understandable. Through the help of digital assistants’ children also learn to speak clearly.

Estimated Size of the virtual digital assistant (VDA) market worldwide

YearSize (In Billion USD)
20173.00
20185.21
20198.56
202012.12
202115.79

New Innovative businesses

Artificial Intelligence begot a market of innovations. It forced humans to utilize their creativity and create some innovation that world actually need. Artificial Intelligence brought so many innovative business innovations. 

Google Assistants, Siri, Cortana, Robots are all the innovative begets of Artificial intelligence only. But we have been so much used to of all these besides robots that all have turned into common innovation.

If we talk about new recent innovation then you must be knowing about ‘Google Tulip’.

If you have heard about it then please let yourself know completely about it. If you haven’t heard yet then please go and google about google tulip. 

Google Tulip is a beget of google that communicates to flowers and fulfill their requirements of water, sunlight and etc. with the help of AI. It was tested in April 2019 and it was successful attempt have had by google. 

It was innovated for tulips in Netherland, a country which produces 12.5 billion flowers per year which is around 50% of all flowers in the world, Scientists believe that flowers communicate to each other by their roots and send signals to each other. Every other person of Netherland wants to keep tulips at home in vases. But it becomes so difficult to keep them fresh and alive.

Accuracy that helps in decision making

Machines takes decisions based on set of algorithms, previous records and data. So, the rooms for errors reduces so much. It creates an environment of accurate outcome with no error which helps in decision making.

When human takes a decision, he connects emotions in decision making and that may hamper business. But machines have no emotions. They work on set algorithms, not on human emotions so they work efficiently in less span of time.

Economic Growth

Artificial Intelligence has not only played a big role in business but it gives a good hype in our economic growth as well. With the induction of AI, its study and education has also needed to be getting started. That creates one more option for students. 

AI begets innovations and innovation is something that every country or nation wants to implement for the public. That brings economic growth.According to the market research firm Tractica, the global artificial intelligence software market is expected to experience massive growth in the coming years, with revenues increasing from around 9.5 billion U.S. dollars in 2018 to an expected 118.6 billion by 2025. (Information taken from google)

NEGATIVE IMPACTS 

  • Dependency 
  • Unemployability 
  • Expensive
  • No room for creativity

Dependency 

On one hand where AI is giving a very good impact on our businesses at the same time on the other hand, it is increasing our dependency on machines. For Artificial Intelligence and machine learning technologies we shall have to dependent of machines. That can hamper the productivity.

And at the same time humans are becoming lassitude by having all works done by being at the same place through google assistants like Alexa.

 Unemployability

At one place where Artificial Intelligence is saving our so much time at the other place it is giving big downfall to the employability graph. It is stealing lacks of people’s jobs what they do instead of Google assistants.

As machines can work for long 24*7 hours without a single break. So, in that case businesses would certainly prefer to appoint machines and would invest in them instead of humans. That may bring a huge sales unemployability. We can take a very practical and real example of this. In upcoming years driverless cars will be owing on roads. Thousands of drivers shall have to lose their jobs.

 Expensive

Though AI is giving helpful results in making lives easier, but it is a very expensive proposition. It is not going to be easy to implement in low economical fields. For example, driverless cars are going to be very expensive than normal cars. 

A middle-class man cannot afford it for his comfort. Its maintenance, proceedings are very expensive, we can simply see the robots, robots are highly maintained part of Artificial Intelligence. However, low fund industries and companies cannot entertain Artificial Intelligence.

No room for creativity

Artificial Intelligence works on algorithms, previous reports and data. It works and gives commands as we set machines to command. It doesn’t have a mind to think creatively. SO somewhere AI steals creativity from business. 

If your business is completely entertaining AI then it would be very difficult to keep it creative for a long time. Machines work efficiently not creatively. It performs as we command them to perform.

CONCLUSION

Definitely Artificial Intelligence can be the biggest change in mankind but at the same time damage that we’d face through this cannot be ignored. AI has power to eradicate maximum poverty of this world. It can explore new dimensions and if we use it precisely and in a useful way changes are adoptable and explorable.






What is a Lean Startup ?

What is a Lean Startup?

  • Lean startup is a method used to build businesses based on the beliefs that the entrepreneurs must investigate experiment and test as they develop the products. 
  • It is basically Customer development + Product development. 

10 Important points about lean startup:

1. Lean startup uses validated methods and a hypothesis to assess consumer interest. This will help you to understand the needs and demand of the market. Hence, you can produce accordingly.

2. Lean startup gives a lot of importance to customer related information such as product popularity, Lifetime customer value (Profit attributed to the future relationship with a customer) and customer churn rate (Percentage of customers lost during a specific period).

3. In a Lean startup, experimentation is given more prominence than having a fixed plan. 

4. Lean startups will release their products in a small quantity in order to assess the customer reaction to the product. 

5. The Pivot – A pivot is not necessarily a failure. It means you will change one of the main hypotheses that you had implemented. There are different types of pivot. They are:

  • Zoom in pivot – A single feature in the product now becomes the whole product.
  • Zoom out pivot – It’s the opposite of zoom in pivot. A whole product becomes a single feature in something bigger. 
  • Customer segment pivot – The product was right but the customer segment targeted was not. Here, the product remains the same but the segment changes.
  • Value capture pivot – Changing how value is captured changes everything in the business. (Cost structure, product, marketing strategy, etc)
  • Technology pivot – A new technology can substantially reduce the cost, increase efficiency or performance and allow you to keep everything else the same. (value creation, customer segment, etc)

6. Small batches:

One of the biggest advantages of working in small batches is problems can be identified at a much lesser cost. 

For example – If there is a defect in the physical part, stopping the entire production line can be avoided. 

7. The Andon cord:

The key to the Andon cord is that it brings work to a stop if there is any big problem that requires it to be investigated. 

The activation can bring the production to stop if there is a big issue. This will help the management because it will help in reducing extra cost and increasing the quality too. 


8. Kanban:

Kanban is a visual system for managing work through a process. The goal of Kanban is to identify potential problems in your process and fix them so that work process can be smooth without any bottlenecks.

This is also helps in saving money as it helps in recognizing the problem at an initial stage.   

9. The 5 Whys:

Using the 5 Whys technique helps you get close to the root cause of the problem. It’s a simple and a powerful technique. 

This technique is particularly useful for startups, as it helps them to find the optimal time and speed for making improvements to the detected problems.

10. Minimum viable product:

A Minimum viable product is a product with just enough features to cater to needs of the early customers and this will help in providing feedback for future product development. 

These were some important points about lean startup. Hope you liked it. ☺  

Also read about startup india here-

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Difference Between Self- Employment and Entrepreneurship

Difference Between Self- Employment and Entrepreneurship

Often, self – employment and entrepreneurship are confused to be the same. An entrepreneur and a self-employed person may share the similarity of owning a business but their mindset and approach are completely different. 

The distinction between self – employment and entrepreneurship are:

Self-employment: When one works for himself. Maybe as a contractor or running your business.

Entrepreneurship: Process of setting up a business, taking on financial risk, in hope of getting profits in return.

Here we have written 8 points to differentiate self-employment and entrepreneurship –

1. Being self-employed, you have people working for you. Being an entrepreneur, you have people working with you. 

2. As a self-employed person, you hire people to work for you. The vision and goal is set by you and it solely depends on you. As an entrepreneur, you have people working with you. You and your team work together on setting and achieving the company goals. 

3. Self-employed people are the face of their business. If their absenteeism is constant, their business will significantly go down. This is not the case for an entrepreneur. The business will keep running even if the boss is absent because the employees understand the vision of the business. 

4. For self-employed, if the business owner retires or passes away, the business will also die. But if the business owner passes away, the business will still continue. It is not dependent on him to exist.

For example: Even after the demise of Steve Jobs, Apple still continues its business. Or even after Jack Ma retired, Alibaba continues its operations. 

5. Self-employed is reserved in his thinking. He does not want to go big. He is just concerned about paying off bills. Entrepreneurs are open minded. They are global thinkers. They understand the advantages of catering to people’s needs on a large scale.

6. A self-employed person is not a risk taker. He fears change. An entrepreneur is a risk taker. He has the zest to explore new opportunities and believes that he can manage and control risk. They understand that with great risk comes great returns. 

7. A self-employed person tries to do everything on his own because he thinks he is the best and nobody is better than him. An entrepreneur on the other hand understands and accepts that he can’t everything on his own. He delegates the right work for the right people so that there is efficiency in the work done.

8. Self-employment does not have many requirements and restrictions. Entrepreneurs must deal with a wide range of legal requirements including business registration, insurance requirements and filing taxes.

From this, there is a fine distinction between self-employment and entrepreneurship.

With 8 aspects mentioned, where do you see yourself?

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