VOA’s Aaron Ochieng examines some of the roadblocks to Africa’s economic growth.
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Student entrepreneurs for socio-economic development
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Student entrepreneurs for socio-economic development
What is common between Apple, Facebook, Microsoft, Dell, Hewlett-Packard Yahoo! and Google? We can interpret it as the passion, ideas and enthusiasm that drive them forward. A thorough look into the history of these firms will also bring out another interesting fact into our attention. They are all the ideas that bloomed in classrooms or among those tiring hours completing university assignments. All these organizations that continue to shape the global economic and organizational scenario are indeed visions of certain students who dared to think beyond the bonds that limited their dreams. Student entrepreneurs have always shaped the face of global and domestic business scenario. May it be Hewlett-Packard back in 1947 or Facebook in 2004, the relevance of those innovations which were materialized by student entrepreneurs are undisputed even decades later. The willingness to take risks and high level of energy make student entrepreneurs to become trendsetters.
Entrepreneurs are those who undertake innovations, either a financial, technological or economic one and transform it into a business or an economic product. Indeed this is exactly what India requires in order to excel in the global business environment. And what had driven India so far as an economic force is its youth. More than an opportunity it is the responsibility of the youth to accept the challenge and to rise up to the situation.
However, the road to success had never been smooth for Indian entrepreneurs. From complex legal tangles imposed by the red tape policy to unavailability of funds for investment, it took a hard and long road to materialize their dream. In wake of global business scenario each second wasted brings the shadow of risk and loss closer.
Indeed this has hindered the growth of many ideas that could have reinstated India’s position as a global economic giant. To avert such a hindrance student entrepreneurs must focus on building a strong and credible background and business identity. The entrepreneurs who lack industrial presence, credibility and stakeholders find it hard not only to acquire clients but also to find the deserving financial aids provided by banks, institutions and by Government of India. What divided those global entrepreneurs from that of Indian student entrepreneurs are availability of legal assistance, availability of funds to back investments, favorable recommendation and recognition are a few.
It is evident that along with developing a strong business idea, it is the responsibility of the entrepreneurs to develop a favorable environment that increases their own credibility, acceptance and trust. If we observe the business plans of those student entrepreneurs who changed the global economic scenario, this was the aspect that they identified and worked hard to promote.
A certified organization with its credentials verified will be more approachable and trustworthy for early customers. This helps to build a loyal community of early customers that will provide a base for future growth. Crederity is committed to provide startups with an opportunity to promote themselves as a credible and transparent organization. For more information (http://www.crederity.com)
Things you can do:
· You can certify your company through Crederity
· You can ask for more information.
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