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Startup

Entrepreneur entrepreneur everywhere. No employee to work.

By Tarun on 28 Comments / 5497 views

Is this only with me or someone else also noted this. There seems a flood of entrepreneurs coming around. I am not against this but just fearing the bubble effect which it may have just like IT-bubble. Start-ups are mushrooming at a very fast pace. And there seems no end to their struggle. Most of them are struggling endlessly. Earlier being an entrepreneur meant working for yourself. But new definition of an entrepreneur is, working for yourself as no employees are available. And couple of side effects are:

  1. It’s creating a pinching dearth of good employees. 

  2. And those who are happy to be an employee demands skyrocketing packages. Even freshers with mediocre knowledge demands 3-4 lac packages.

Here the need is to understand that instead of being an entrepreneur it’s more important to have an entrepreneurial spirit. One can be an entrepreneur in any regular job (Classic example –  rajesh autowallas).

What say?

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28 Comments

  1. Tarun I agree with your views to a certain extent..and it is a very competitive market.

    Skill availability is less, entrepreneurs should understand this and quickly adapt to market them selves in a better way to attract right talent.

    Check out more on similar post i have on https://www.therodinhoods.com/forum/topics/recruitment-advisory-for-hiring-right-resources

    Cheers,

    Krishna

  2. NOTHING IS PERMANENT and so is this….

    As our government killing Small Businesses you will find this scenario upside down soon, 
    Employees and Employees Everywhere and no Entrepreneur ( at-least 80-90% reduction)

    As government allowing foreign countries to do business with very low Taxes and Putting illogical and cruel taxes on small businesses of india.
     

     

  3. @Govind

    In that case it will be worse than the current situation.

    Buy my concern is majorly with respect to service industries where you need very small upfront investment. This is also an encouraging factor for mushrooming startups..Again it has its own plus and minus.

  4. I liked this line “it’s more important to have an entrepreneurial spirit”. However I feel, we cant and we should not stop people trying hands in one or the other thing. The so called dearth actually is pushing us towards automation where in lesser number of employees are required and most of the jobs are done by the system. I was joking with one of Dentists friend other day, “You need 4 assistants here in India to treat a patient, where as in our country (Australia) Dentists have organised their facilities in such a way that they do everything on their own and dont need any assistant”. Even the buses are run by only the driver and no conductor goes with him unlike in India. Similarly, Web Check in at Airports’ Online filling up of forms for various things is the result of this kind of dearth. Perhaps, during transition period, dearth at one sector means fulfilling needs of other sector. New entrepreneurs will bring in more responsibility, sense of ownership and efficiency. I surely am for it…

  5. Good Morning Tarun, I don’t know the exact English word for this phenomenon so explaining in length with own experience, 

    1. In 2010, We were planning to buy a loading rickshaw for our business. The time we started hunting for a good one, I realized, i am surrounded with so many rickshaws only. I used to find so many such ferriwalas. 

    2. In 2011, as part of expansion, we decided to buy TATA ACE (Chhota Hathi) and the same scene repeated.

    3. Since last 15 days, I am panning to buy either Activa, Access or Duro. I found so many such vehicles on the road which I never ever observed.

    It is true that now a days we can meet so many peoples who entrepreneurs. It is not the case that these people became entrepreneurs overnight. They were their only. It is us who started observing the world with different angle. 

    It is thing to be celebrated that there are so many people ready to take risk. I again follow you on … it’s more important to have an entrepreneurial spirit.

  7. Ajay, I agree on the fact that dearth pushes us to innovate and many a times it result in something good. 

    But one also needs humans to rely upon. Machines don’t work always, specifically in the sector where right brain is in demand 🙂

  8. Ashish, this phenomenon is called “OMG! Why is this happening with me?” 🙂

    What you are saying is very true. But i have also noted that people in my circle (family n friends) are turning into entrepreneurs. 

    Will just share one example. My Grandfather was in govt job. His 5 sons are/were in Govt. job. In the next generation not a single one is in job. All have their own start-ups and i will admit that success rate is very low. So, this is something to worry about. 

  9. Kitne milte hain mere aur ET ke vichaar 🙂

    They should also add Graphic Designer as a rare species.

  10. From what I gather, hiring is the single biggest challenge faced by a startup. Specially in India, where talent is rare. The only solution is to use innovative hiring methods (Zoho), or offer very high packages and ESOPs (Silicon Valley) for the right candidates.

  11. It is a demand supply gap where there are too many opportunities chasing too little talent. This affects big companies as well as startups. Koi Solution?

  12. Tarun by dearth we dont mean they are entirely unavailable. What we are saying, they are available in lesser number. I know who faces the problem is a real sufferer and it is easier to preach from outside. But believe me, I have faced this situation myself and there is always a silver lining. Let me explain you how:

    I was and am into imports from India to Australia. Last to last year there was a students’ problem there and Govt became very strict and students migration, who formed the major chunk of OZ labour and consumption, fell to zero. So we started suffering major loss in business and dearth of labour. And real story starts from here. I gave a serious thot, was it worth to continue in this business? What are the alternatives? And there came this project, ‘Hawktrack’. And today I am in India to launch a multi crore bussiness. Had this dearth not happened, I would still have been doing that short sighted business.  Being an entrepreneur is a challenge.  You need to quickly respond to the dynamic situations. And I am sure I have one it so many times. I still remember having attended a course when I was in Bharat Petroleum, where the facilitator said, “You know why they tie Guards besides a horse’s eyes? Not to protect him but to avoid him from distractions so that he follows a pre-defined path. You better remove those guards and look around for alternatives, if you really want to grow…. ” Hope I am clear now.

  13. Hum akeyle hi chale the Jaanib-e-manzil magar, log saaath aate gaye, kaarwaan bantaa gayaa.. 🙂 Easier said than done, but worth trying…

    I interviewed some one as Country Head yesterday and when we were discussing package he said, “Sir if you throw peanuts, you get monkeys. So please evaluate me and value me..” And I immediately calculated was this man worth high price? 

    So it is important to evaluate your work as well as the one you are hiring.. you will surely get a team..

  14. I would like to know more about ‘Zoho’..

  15. Hey Ashish…. Such a good point you have mentioned: “They were their only. It is us who started observing the world with different angle. “

  16. Are you from Delhi Nishant???

  17. Yes Anamika Joshi,

    2 yrs back when I was working for a bank I used to think of banking jobs and professionals around me. Or may be sometimes about senior positions, however it was related to jobs only. I never observed that I was surrounded with so many “Entrepreneurs”. In fact, when I started using FB actively, I interacted with so many people. Now I can say, “OMG, the world is full of entrepreneurs” however the people who are still into jobs, don’t look at you the same way, an entrepreneur looks at you.

    It is not by any accident that, I started my own business. I wanted to do it from long time, thoughts ( why risk the future ?) and responsibilities stopped me.

  19. Nishant again this high package is something difficult for start ups. This is a vicious circle where everything is at odds.But as Ajay mentioned only such situations result in fantastic innovations. 

    ESOP sounds very interesting… will check it more…

    thnx for nice options 🙂

  20. ooohhh.. The star!!! :)) I was just wishing him to be someone from Delhi so that I could get him to share his views over the meet-up.

  21. Mumbai 🙂

  22. Agreed. You should read about Zoho and how it overcame hiring challenges in India.

    Instead of scouting around IITs and IIMs, they looked for untapped talent in unknown schools and colleges. They selected those with potential and trained them.

    Zoho is perhaps the only Indian company competing with Google head on.

    https://www.thehindubusinessline.com/opinion/columns/rasheeda-bhagat…

  24. Tarun, 

    I am going through a similar thought process for the last few days and I realized its not the dearth of people or skills which is creating this bubble. It is the dearth of getting recognized in the corporate system. Earlier people had no or limited aspirations so only a few would try taking risks and try to do something different,something against the normal people tendency.

    Today, we have a huge educated or semi educated population with lots of aspirations who want to achieve a lot and that to too fast. We feel pained if we don’t get recognized for any work we do, people think at individual levels. So when they now don’t get recognition,they think if they do something on their own they might stand a chance of getting that much craved for recognition.

    You can be recognised if you do  some good work within a team but because through our education system we were always forced to compete, we failed to acknowledge of of team and crowd sourcing.

    What we need is a change in the way we teach in our schools, a robust recognition system in all companies and above all acceptance + appreciation to intrapreneurs within organisations.

    We need to identify and channelize the right people in the right way.

    I hope the problem will be solved to a large extent.

    Check this whenever you have time. 

    https://www.ted.com/talks/sugata_mitra_build_a_school_in_the_cloud.html

    The solutions to our problems sometimes are simple but we tend to complicate them.

    Nishant,thanks for sharing the Zoho story,truly inspirational. 🙂

  25. WOW. Is anyone doing this in Mumbai?

  26. I would say you are looking at a concentrated pool like here at Rodinhoods (you are likely to find more entrepreneurs here than in your society).

    Only 10-12 % of students who graduate from Ivy league colleges are venturing in to entrepreneurship. From two-tier or third-tier colleges barely 2-3%.

    Only a very meager fraction of people who quit their current job actually quit to begin a business.

    But its true, the trend is changing. and its good for the economy.

  27. No doubt…entrepreneur density is high at Rodinhoods but otherwise also there is a surge in no. of entrepreneurs. Surely it’s good for the economy, only if there is no dearth of good employees.

    Good business owners or leaders are nothing without a good team…

  28. India is going US way..only way ahead is enterprenuershop…country has so many problems to solve and so little is done yet

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