Semi Entrepreneurship

Semi Entrepreneurship

In recent times a lot of people are moving towards Semi Entrepreneurship (read more to know about this term). This trend is seen rising typically in developing countries like India.

Last decade (the Year 2003-2013)saw a steep rise in the number of jobs in the market. Professional degree holders like CA, Engineers (specifically IT), CS,  Interior designers, etc. opted for jobs over starting own business or joining the family business. Being employees of an organization became a safer option. People were happy with monthly paychecks. The switching job was like an additional top-up. With a minor glitch in 2009-2010, employment increased exponentially. Salary went up year on year and so went spending. Foreign trips, buying houses, new cars, etc. were not uncommon.

Gradually things have started changing. Few bunches of people started feeling their work monotonous. Some are unable to see the growth as they would like to see. People feel Increments just cover inflation. Job switch does not seem as easy as it was during their early professional carrier. EMI’s are also a cause of worry for a few of them.

A few people have started thinking in a different direction and fetched new ideas. For some people planning state is in progress and some people have started the implementation of their ideas. People are investing time or money (or both) towards new ideas. More and more startups are emerging. Some of them are getting bigger by funds received from Venture capitalists while some are still a small scale.

People have started moving towards entrepreneurship, however, not all of them are leaving their job. For instance, when Zomato started, not all of its partners were full time into the business. Some of them were still working as an employee and were doing part-time entrepreneurship. This concept of doing business as well as a job simultaneously can be termed as Semi Entrepreneurship. This concept has seen a rise. Until the time semi-entrepreneur gets good returns or has a good forecast or receive funding for their business, they continue with their job. This ensures a study source of income (with time as a trade-off) for their business.

Most of them are using IT (Information Technology) as one of the tools to promote their business online. The best part of using IT is, it does not need your availability in real-time. For instance:- Your website speaks what business you do. Your e-commerce portal generates revenues without your manual intervention. This helps you to save time and concentrate on your employment job.

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