Thursday 13 December 2012

Entrepreneurship as Career Option

An educated person has broadly two career options. One is called wages or salary employment, Wherein people are employed in government service, public and private sectotrs and get fixed wage or salary. The other career option is entrepreneurial employment under which people set up their new venture. Wage employment is self-saturating. Once a valid, it blocks the employment opportunity to other for another ten years. On the other hand, the latter contributes towards national wealth and has a unique characteristic of self-generation.  Their starts a chain of activities that creates unending employment opportunities. Entrepreneurship promotes small activities that creates unending employment for investment into new ventures. It also provides an out let that create an urge among individuals to attain excellence in product design and related innovation. Thus, entrepreneurship provides a lasting solution to the acute problem of unemployment.

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