Some thoughts on developing a National Policy on Entrepreneurship.
Entrepreneurship is about creating wealth – about creating value for another and in the process, value for oneself.
It is about leveraging the creation of wealth – about creating a lot of wealth for a lot of people, efficiently.
What is created by the enterprise is wealth as that is what empowers the recipient.
The process of creating this is wealth as it provides opportunities for the gainful employment of skills.
The monetary returns from this activity is wealth as it can be translated into other things that one values.
Entrepreneurship is about fulfilling nature’s way of connecting living entities in symbiotic survival.
Entrepreneurship is good for the individual as it is good for the lot. And is therefore to be encouraged. It keeps nations and their people healthy.
Entrepreneurship originates in the mind. It is this mindset that motivates the individual to strike collaborations to create the larger enterprise. While many qualities are perceptible in this mindset and some prominent ones would include:
Vision – an ability to see more than what others do. An ability to see opportunity where others don’t. An ability to perceive in the long term …..
Purpose – may emerge from the vision when it gets mixed with a strong belief in what is possible.
Realistic. An acceptance of one’s situation as it is – the advantages and the shortcomings as they are.
Innovative. An ability to innovate to achieve one’s goals with available or raise-able resources.
Belief. A strong belief in success – strong enough to take a big calculated risk.
Leadership. An ability to inspire others to align with one’s vision.
And so on.
The entrepreneurial mindset is valuable on its own whether it culminates into true entrepreneurship or not and is therefore to be encouraged. An entrepreneurial follower is as valuable as a leader. An entrepreneurial worker is a bigger asset to the company than a non entrepreneurial one.
A national policy on entrepreneurship will adopt measures irrespective of age, sex, financial backgrounds etc. to:
Help inculcate an entrepreneurial mindset in individuals.
Help interested and motivated individuals to make the transition to real entrepreneurship.
Help ease the process of starting an enterprise and therefore encourage more to embark on the path.
Help ensure that conditions for sustenance of an entrepreneurial venture is maintained.
The policy would take measures appropriate to the segment of society being addressed such as
Individuals who may not be formally educated
and so on
The policy would also recognise the differences in requirements of support when the business idea is a
and so on
All measures undertaken would be reviewed from time to time to for their efficacy so that the measures may be modified, withdrawn or replaced with new ones.