Small business and new initiatives are the backbone of development. Every industry that is now large scale top notch business once started as a small idea in the minds of entrepreneur. Government has constantly been encouraging start-ups and providing tax exempts to help them grow and prosper. However, entrepreneurship still suffers from major drawbacks of the economy which stagnates the growth and development of the company.
Here we get you some interesting facts, quotes, GD topics and arguments to help you deal with Group Discussion on Entrepreneurship
Some facts about Entrepreneurship you can use in this Group Discussion:
- At present there are more than 400 million entrepreneurs around the world; one in every 18 person owns a business.
- No developed country made it to the list of top entrepreneurial countries. The top five are Uganda, Thailand, Brazil, Cameroon, and Vietnam.
- The least entrepreneurial countries are France, Japan, Italy, Puerto Rico, and Suriname.
- Only 47% of the world's entrepreneurs have an advanced degree. 95.1% have a bachelor's degree; their average age is 40 years.
- The average founder's salary of entrepreneurs is $50,000/year. The average working hour per week is 66 hours.
- Studies show that start-ups with two founders are the most successful.
- In 2012, women solely owned 36% of all businesses.
- Top 5 countries for women entrepreneurs are US, Canada, Australia, Sweden, and UK. The countries with least opportunities for women are Tunisia, Egypt, India, Pakistan and Bangladesh.
- 82% of the start-ups were self-funded whereas 41% was funded by loans and lines of credits.
Possible group discussion topics on Entrepreneurship:
1. Not everyone can be an entrepreneur.
2. Some people are born entrepreneurs.
3. Most start-ups fail - For or Against?
4. Start-ups with two founders are more successful.
5. Women are better entrepreneurs.
6. Self funding a start-up is better than taking loans.
7. Entrepreneurship is worth leaving a nine-to-five job for.
8. Experience is the key to successful entrepreneurship - For or Against?
9. Advance study is the key to successful entrepreneurship - For or Against?
10. Skills are the key to successful entrepreneurship - For or Against?
11. Dedication and patience is the key to successful entrepreneurship - For or Against?
12. We need more entrepreneurs than mangers.
13. B-schools should aim at creating more entrepreneurs than managers.
14. Do you think corporate world promotes entrepreneurship?
15. Entrepreneurship or Job - What should engineers opt for?
16. Are entrepreneurs born or made?
A quote that can be used in the above group discussions:"I think a great entrepreneur is learning every day. An entrepreneur is somebody that doesn't take no for an answer - they're going to figure something out. They also take responsibility. They don't blame anybody else. And they're dreamers in one sense but they're also realistic and they take affordable steps when they can."
- Damon John
Entrepreneurship provides satisfaction:1. Innovative:
You have the choice to give shape to dreams and bring about the change that you expected in companies where you did your regular nine-to-five jobs.
2. Be your boss:
You are not answerable to anyone and if you have always been the rebellious kind, this could be your opportunity to bring about that rebellion for a good cause.
3. Creating jobs:
Striving for a good job is something most of us would have experienced but the opportunity and ideas to create job is not something everyone can have.
On any given day, entrepreneurship will bring you more satisfaction and success as compared to the regular job.
Isn't that what everyone seeks at the end of the day? Job may or may not provide you with that but acting upon your gut feeling most likely will.
Job provides security:1. Security:
Not everyone can take the risk of investing all the life savings or taking huge loans for a start-up which may or may not prosper.
2. Not everyone has it:
You cannot teach someone to be an entrepreneur. It is a proven fact that successful entrepreneurs had it in them to do what they did.
Leaving a well paying job for a start-up is not something that people with family responsibilities can undertake unless the other spouse is willing to share the burden.
4. Some are happy:
The regular job that may seem hollow for some could actually be something that is suited for the others. One size never fits all.
5. Companies need employees:
Not everyone can be the boss. Some have to work under him to bring the success that start-up need.
Entrepreneurship is always plausible but it is definitely not for everyone. It is important to calculate the risks before taking the big leap of faith. Sometimes market fails and sometimes demands fall. It is not always upon entrepreneurs to bring success to a company.
We hope that you find the insight in this GD guide on Entrepreneurship
useful for your preparation.