NEW EVOLUTION OF MICRO-ENTREPRENEURS IN INDIA

“Be the change you wish to see in the world.” some of the words by Mahatma Gandhi

In today’s’ scenario, micro-entrepreneurship is highly recognized as one of the prominent ways for poverty alleviation and also for generating more income in developing countries.

Who are micro-entrepreneurs?  

Micro-entrepreneurs who initiate his/her first step in starting their business premises and innovating it at a small level with a minimum number of employers. These types of business need only less amount to start the company/enterprise.

Who can start a business?

Any person can start a business like:

  1. An independent professional.
  2. The self-employed worker.
  3. Student and so forth.

What are the ways to become an entrepreneur?

  1. Pick your business idea correctly.
  2. Frame the business objectives and goals.
  3. Plan for your business.
  4. Determine your target audience.
  5. Choose a distribution channel & destination.
  6. Start the business.

Here some of the top-notch ideas for starting small/micro business:

  1. Blogging
  2. Organic Farming
  3. Food manufacturing
  4. Online Class
  5. Freelance writing
  6. Affiliate marketing
  7. Restaurant
  8. Fashion industry
  9. Fitness Trainer
  10. Photography and so forth.

Micro-Entrepreneurship in India:

In recent years, micro-enterprises are briskly increasing, in that most of the enterprises are booming. Both urban and rural people have started their career by establishing many small scale enterprises and growing successfully.

Challenges faced by micro-entrepreneurs:

  1. Lack of finance.
  2. Marketing issues.
  3. Lack of knowledge of advanced technology.
  4. Competition from other enterprises.
  5. Other problems.

For this, the government are helping them through many policies like providing loan for low-income people to start the premises. And also, Micro, Small and Medium Enterprises (MSME) provides a lot of training for people to impart the knowledge about the entrepreneurship and guiding them to start the enterprise.

Rahul Jain (eCraftIndia.com), RS Shanbhag (Value point systems), Nithin Kapoor (Indian Beautiful Art), Zubair Rahman (The Fashion Factory) and so forth are some of the micro-entrepreneurs.

In recent years, nearly 33,000 peoples have started the micro-business in India. In future, many micro-entrepreneurs should come forward to start their innovative business and let them change the world and solve the unemployment problem in our society.