introduction to entrepreneurs
Many great entrepreneurs in India have changed how people think about business. They proved that you don’t need a big start— even small beginnings can grow into huge companies.
One famous entrepreneur is Lakshmi Niwas Mittal. He was the CEO of ArcelorMittal, the world’s biggest steel company. After finishing college, he worked as a trainee in a steel factory and later started his own steel business.
He believed in improving weak companies and making them strong and successful. He proved that with hard work and determination, even failing companies can become profitable.
He believed that weak companies can be improved and made successful. He showed that with hard work and strong determination, even failing companies can start making profit.
Similarly, Steve Jobs was also a great entrepreneur. With his ideas and determination, he built Apple Inc., which is now one of the most admired companies in technology.
Both Jobs and Lakshmi Niwas Mittal had one thing in common—they wanted to be their own boss instead of working for others. They followed their dreams and achieved success.
They proved that with persistence and hard work, even small businesses can become successful.
A study by the World Economic Forum found that new technologies like digitalization and robots (called Industry 4.0) may cause about 5 million jobs to be lost worldwide.
Most of these lost jobs will be simple, routine jobs. But at the same time, more high-skill jobs will be created.
So, people who think creatively and act like entrepreneurs will be more successful, because entrepreneurship cannot be replaced by machines.
Entrepreneurs believe in grabbing opportunities. When they see one, they carefully think about it, understand the risks, and use their skills to turn the situation into success.
You have already learned what entrepreneurship is and the opportunities it gives. In this chapter, you will learn about the qualities needed to become a successful entrepreneur.