Have you ever watched Shark Tank and cheered when a contestant with an innovative idea landed a deal with one of the sharks? Or do you know anyone who enjoys their job and is their own boss? Yes, we’re talking about the visionaries among us, the entrepreneurs!
Entrepreneurs’ unique ideas can address a wide range of needs in business, technology, social, economic, community, and other areas. They usually solve a problem while also providing job opportunities for others, allowing them to give back to the community.
Do you aspire to be an entrepreneur or just exploring the field? In either case, you’ve come to the right place! This blog discusses the how to become an entrepreneur after 12th, skills required, colleges and courses, salary or income, and what else it takes to become an entrepreneur.
Follow the step-by-step guide in the blog to become an entrepreneur.
An entrepreneur is typically an individual who starts a new business, participates actively in its operations, bears the majority of the financial risk, and reaps the majority of the rewards. Entrepreneurship is the process of starting a new business, which is often motivated by new product or service ideas.
Learn more: How to spot early signs of business interest
A prospective entrepreneur should select a stream that is closely related to the intended business model or key product/service. If you don’t already have a business model in mind, the Commerce stream can help you prepare for a career as an entrepreneur by teaching you the fundamental pillars of any business: Accounts, Finance, and Economics.
During this time, students should also learn how to use strategic thinking, problem-solving, and decision-making skills. The Clever Harvey- JuniorMBA Founder program ensures that students develop these skills. Test it out for yourself!
The certification courses listed below can help you become an entrepreneur.
There is no one-size-fits-all education requirement for an entrepreneur. While some industries, such as healthcare or law, require specific credentials to start a business, most allow anyone to jump right in at their own risk. Traditional paths, such as attending college or university for business, finance, or a related field, are popular choices for aspiring entrepreneurs, but they are far from the only ones.
How to become an entrepreneur after 12th?
To become an entrepreneur after 12th in India –
| Course | Duration | Fees range |
| Bachelor of Business Administration (BBA) in Entrepreneurship | 3 years | ₹5000 – ₹2,00,000 |
| Name of Institution | Location |
| Ajeenkya DY Patil University | Pune |
| Sharda University | Greater Noida |
| St Joseph’s College of Commerce (SJCC) | Bangalore |
| GD Goenka School of Management | Gurgaon |
| REVA University | Bangalore |
| Jain University | Bangalore |
| BML Munjal University | Gurgaon |
| CT University | Ludhiana |
| SAGE University | Indore |
| University of Technology | Jaipur |
| Course | Duration | Fees range |
| Diploma in Entrepreneurship | 1 year | ₹3,000 – ₹10,00,000 |
| Name of Institution | Location |
| FMS BHU – Institute of Management Studies Banaras Hindu University | Varanasi |
| School of Business Management SVKM’s Narsee Monjee Institute of Management Studies | Mumbai |
| Noida International University | Greater Noida |
| The Bhopal School of Social Sciences (BSSS) | Bhopal |
| ISME School of Management and Entrepreneurship | Mumbai |
| Don Bosco College | Yelagiri |
| Vidya Jyoti Educational Society | Dera Bassi |
| Indian Institute of Learning and Advanced Development (INLEAD) | Gurgaon |
| Mount Mary College | Chumukedima |
To become an entrepreneur abroad after 12th
To be considered for admission to an international university, students must pass their 10+2 board exams with the required percentage. Students must take various English language tests, such as IELTS, TOEFL, and PTE, in order to enrol in the BBA abroad programme.
BBA admission abroad is accomplished through various entrance exams such as the SAT, ACT, GRE, and GMAT.
| Course | Duration |
| Bachelor’s of Business Administration in Entrepreneurship | 4 years |
| Name of Institution | Location |
| Columbia University | New York City |
| American Public University | West Virginia |
| Arizona State University | Arizona |
| Liberty University | Virginia |
| Northwood University | Michigan |
| Herzing University | Wisconsin |
| Johnson And Wales University | Rhode Island |
| Brigham Young University | Idaho |
| University Of Phoenix | Phoenix |
| Brandman University | California |
Also read: Career in Product Design: 7 Things About the Amazing World of Product Design
An early career entrepreneur earns an average total of ₹600,000 per year.
Some entry-level entrepreneurs’ salaries from around the world.
| Country | Annual Salary |
| Qatar | QAR 42,920 |
| United States | $29,084 |
| Canada | $43,651 |
| United Kingdom | £35,000 |
More about entrepreneurs?
If you’ve arrived at this point in the blog, it can only mean one thing: you like entrepreneurship and may one day become an entrepreneur yourself! As a bonus, a few inspiring movies of entrepreneurs are included here. Check them out and have fun exploring more!
Entrepreneurs such as Jeff Bezos (founder of Amazon) are inspiring examples of successful entrepreneur-CEOs. Clever Harvey-Future CEO is where one can develop a well-rounded portfolio of expertise — just like a successful entrepreneur-CEO! Try it out for yourself!
The path to entrepreneurship is difficult, but it can be extremely rewarding. Success in business does not happen overnight. To become a successful entrepreneur, a lot of planning, preparation, creativity, grit, and patience are required. We hope this article will assist you in growing the business you have been planning or will be planning in the future. Best wishes on your entrepreneurial journey!
Ans. Here’s a step-by-step guide to becoming an entrepreneur:
(1) Identify a problem.
(2) Expand your formal and informal education.
(3) Build your network.
(4) Reach financial stability.
(5) Solve the problem with a business idea.
(6) Test the idea.
(7) Raise money.
Ans. Entrepreneurship is not for everyone. To become successful often takes years of hard work, long hours, and no recognition. Many entrepreneurs give up or fail for a variety of reasons, including a lack of funds. According to statistics, more than half of all businesses in the United States fail within five years.
Ans: You can get started as an entrepreneur with little or no money by following the steps below:
(1) Form an LLP (Limited Liability Partnership), which has a low-cost business registration fee of Rs.8000.
(2) Sell on eCommerce platforms such as Amazon, Flipkart, and Snapdeal.
(3) Begin offering services such as Digital Marketing Agency, Medical Transcription, Web Development, Tutoring, and others that require little initial investment or infrastructure.
(4) Create a solid business plan and a pitch presentation to present to prospective investors at forums such as TieCon, CII, FICCI, and others.
(5) The Central Government and State Governments have several schemes that provide seed funding for entrepreneurs to start businesses, in addition to the necessary bank loan.
Ans: As you start a business and work to build it, you will frequently hear about the four types of entrepreneurship.
(1) Small Businesses Entrepreneurship.
(2) Scalable Start-up Entrepreneurship.
(3) Social Entrepreneurship.
(4) Large Company Entrepreneurship.
Ans: An entrepreneur’s average salary is ₹9,50,000.
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