Can I Become an Entrepreneur?

An entrepreneur is someone who has an idea and who works to create a product
or service that people will buy, as well as an organization to support that effort.
An entrepreneur takes on most of the risk and initiative for their new business,
and is often seen as a visionary or innovator.

The question is can I become a Entrepreneur? My answer is no. Because, The

Entrepreneur is the person one who is having the skills of decision making,
managerial skills, coordination, communication, etc..,

For example, recently Adani groups of company crashed in the share market
because of Hindenburg report made allegations. If I were in the situation, I
would be like depressed and confused what to do next. But, incase of Adani
clear and calmly explain and release report they are not making any frauds and
the allegation made by Hindenburg is fake.

There are various reasons don’t become a entrepreneur are as follows:

1. You think Instagram is real life

Watching stories of private jets, lavish vacations, fancy meals and Lambos is
cool, but that's not real life for most entrepreneurs.

If you believe that's what entrepreneurship entails, then you're in for a soul-
crushingly rude awakening.

I've seen, firsthand, entrepreneurs on Instagram who have taken "fake it till you
make it" to extremes.

Every real business, and the entrepreneur behind it, is faced with daily hair-
pulling struggles, gut-wrenching twists and deathly pitfalls. Most people,
however, aren't keen on showing you the downfalls and the bad times that
happen behind the scenes.
2. There are no scapegoats

When things go wrong (and they inevitably will), it's 100% on you and you
alone. Everything is your fault. It's just part of the gig.

When we launched our first tech product years ago, it crashed due to an influx
of eager users. It was my fault that it crashed. Sure, technically it was a
collective effort from the engineers, designers and product people ... but it was
my company and my product, so it was my fault.

We received tens of thousands of scathing messages from pissed off users, all
within a few hours time. I was forced to troubleshoot in real time and put
together a strategy in order to fix the problem on both the engineering and
customer support fronts. There's no supervisor, manager, director or "head of'
anything to look to when things go horribly wrong. Bottom line: You're
accountable. You better put on your problem-solving cap and figure it out.

3. Weekends don't exist

"No days off" is a real thing. If you live for the weekend, entrepreneurship isn't
for you. There's no such thing as "checking out' at 5pm on Friday and "checking
in' 9am on Monday. You never checkout. Ever. This is your life — Every.
Single. Day. What's the difference between a Tuesday and Saturday for me? Not
much. I don't believe in burning yourself out — that's not beneficial to
anyone ... but I do believe in always staying on top of things. I think about and
cater to my business 365 days a year. If you can't wrap your head around that
concept, stay put doing what you're doing.
4. You don't have thick skin

Striking out on your own is scary and not everyone will agree with your
decision — including and especially your friends and family.

If you allow these negative opinions to sway you and easily influence your
choices before you've even gotten started, you'll have an impossibly difficult
time running a business. You'll have to make hundreds of business-defining
decisions every day, so if you constantly second-guess yourself based on other
people's opinions, you'll end up miserable.

I've learned to develop incredibly thick skin. From being told my ideas are too
far-fetched, getting hundreds of rejections from investors, to being told that
something was not possible for me to do. That stuff just rolls off my back now.
Be maniacal about what you're building and always believe in yourself.

5. The word "sacrifice' isn't in your vocab

I'm not talking about sacrificing your weekly $35 boxing class; that's easy.

I'm talking about selling all of your belongings, being late on rent, forgoing all
vacations and holidays, never hanging out with your friends and putting every
last penny you have into what you're building.

In the early days, I sold my clothes, shoes and furniture. I missed paying my
rent (more than once) and I had my bank account go into the negatives. I
sacrificed EVERYTHING not knowing if what lies ahead will be worth it.

I'm not unique in any way. These are things that many entrepreneurs have had
to sacrifice when they first got started. The craziest part is that you can sacrifice
all of that and still not make it.
6. Participation trophies don't exist

You don't get pats on the back for showing up, doing your job and successfully
maneuvering through the ups and downs. That's the bare minimum expected of
you. I noticed early on that some of the most successful people I ever met had a
peculiar quirk about them. They spent an incredibly short amount of time
celebrating their wins. By the time the champagne cork hit the ground, they
were already on to the next thing. Some of them didn't even pop the
champagne...

If you require constant approval and validation for the work you do, or if you
get easily discouraged and unmotivated when people aren't telling you that
you're great, keep it moving. You don't get gold stars for doing your job as an
entrepreneur. Quite frankly, you shouldn't get gold stars anywhere for doing the
bare minimum.

7. You crave security and stability

Those are two things that are definitely NOT guaranteed.

Being an entrepreneur means there is no safety net and you don't know if
tomorrow will be amazing, or if it will hit the fan. You're walking a tightrope
100ft above a volcano that can erupt at any time. I've been through a pandemic,
tough competition, lack of funds and there was no other way out but forward.
It's all or nothing. You inherently take on giant risks by going down this path, so
make sure you can handle the inescapable unpredictability.

8. You only care about getting rich

You won't last long if that's why you chose to be an entrepreneur.

You need to really want to create something great for people and you need to be
passionate about what you do. You could go years before striking gold, so you
better believe in what you're doing.
I went 4 years without getting a paycheck from my companies, so that I could
keep as much of the money in my businesses, for as long as I possibly could.
Eventually, lawyers told me that I'm breaking the law by not getting paid as an
employee of my company and strongly recommended that I pay myself. I
reluctantly took a small salary.

I'm currently the least paid person in my entire company. I know that won't be
the case forever, but I know that my salary is the least important thing at this
very moment. All of that is to say, I don't do any of this just for the money and
neither should you. If you work hard to be the best at what you do and bring
value to people's lives, the money will eventually follow.

If none of these eight reasons scared you, then…Congratulations! You made the
cut.
 SMALL INDUSTRY EXTENSION TRANING INSTITUE

SIETI was originally set up as Institute of Small Industry Extension Training (ISIET) at New
Delhi in 1960 by the Government of India to help promote, develop and modernize small and
medium enterprises (SMEs) in the country.

It was established to train officers of the central and state Departments of Industry to promote
the growth of SMEs. In 1962, ISIET was converted into an autonomous institution for
operational flexibility.

It was sponsored by the Union Ministry of Industry and was renamed as Small Industry
Training Institute (SITI). In the same year, the institute was shifted to Hyderabad.

In 1970, SITI set up the Small Enterprises Documentation Centre (SEDOC). SEDOC was set
up to collect information on the options available to SMEs for development and management
of technology.

Business Strategy | Case Study in Management, Operations, Strategies, Business Strategy,

Case Studies

In the initial years, SITI did some experiments on the practical applications of new concepts
in entrepreneurship. Soon it began to share its experiences in the development of SMEs with
other countries through international training programs.

SITI's international training programs received financial support from international

organizations such as UNIDO and ILO. In 1984, UNIDO recognized SITI as an institute of
excellent performance under its "Centres of Excellence Scheme" and in the same year the
institute was extended monetary support from the UNIDO.

In 1984, the SITI was renamed as SIETI.

Though the primary objective of SIETI was to be the trainer of trainers, as a result of
technological developments and rapidly changing market scenarios, it had widened its scope
of activities.
SIETI offered the following services to its different clients:

• Training
• Consultancy
• Research
• Information Services

VISION

The vision of SIETI was "to become a global center of excellence for creation, sustenance
and growth of SMEs."

MISSION

Its mission was "to spearhead and work in areas of policy, entrepreneurship, technology,
information, management and extension that impact SMEs growth and development."

OBJECTIVE OF SIETI

 Industrialization of the State.

 Development of Micro, Small and Medium Scale Industries.

 Attract investment to uplift the industrial and social economy of the State.

 Modernize and strengthen the industrial units of the State to make them globally
competent.

 Creation of conducive atmosphere for the industries for enabling them to compete at
national/ international levels.

 Create industry friendly atmosphere and suitable policies for development of the
industries.

 Help and coordinate between industry and other agencies & act as a facilitator.

 Creation of Basic Infrastructure for Industrial Development.

 Creation of job opportunities through Self Employment Schemes.

 Train and develop the entrepreneurship skills among the educated unemployed youth.

 Encourage Educated unemployed youth to opt for self employment.

  Revival of sick/closed industrial units.

ACHIEVEMNTS

1. First entrepreneurship model in association with Prof. David C. McClelland.

2. First international training programme in Small Industry Promotion.
3. Backward Area Development.
4. Growth Centre Approach. Industrial Estate Planning.
5. Modernisation of MSMEs. UNESCO Chair in Policy Research.
6. Establishment of National Resource Centre for Cluster Development(NRCD).
7. Establishment of Intellectual Property Facilitation Centre for MSMES(IPFC).
8. Establishment of Resource Centre for Traditional Paintings for Handicrafts (RCTP).