Community, volunteers with OhMy in Asia, Pacific, and Middle East, India, Delhi
The concept of entrepreneurship was welcomed by many people then, who are now renowned business visionaries. Aman Mehndiratta is one of those. He had vision, followed by an idea to do something challenging but effective. That idea was 'entrepreneurship', which came out to be the factor of turning the tables. To begin with, this business terminology has to be described in brief. Broadly saying, "Starting a brand new business and taking risks for it is called entrepreneurship. Urge and willingness to develop, organize and manage a business with any of its risks for making profits and establishing it firmly is what we call Entrepreneurship." Looking at the major crisis in employment sector, Aman Mehndiratta decided to be a job creator rather than a job seeker for good. As it is seen that every coin has two faces so similarly, every concept or process comes with certain pros and cons. If there are enormous possibilities and advantages of entrepreneurship, then there exist challenges and disadvantages too. Doing a startup is tough and every country sees more failures than success. As an entrepreneur, Aman too has faced them all, cherished the advantages and overcame the challenges. His true spirit and dedication towards the wellbeing of humanity has always worked as a motivation to excel. He is always prepared to face failures and hardships. However, it is been well recognized that culturally we are not groomed to fail and failure is frowned upon us but somehow he manages to get through it. He believes an entrepreneurship thrives on celebrations and a society that fails to appreciate business failures cannot admire the innovation and creativity even before it can start. A startup failing has to be okay as failure often teach an entrepreneur does and don'ts to achieve the optimum results. In country like India starting a new business on one's own risk is challenging in certain ways. The prevailing CHALLENGES can be classified as- Execution: Having a brilliant idea is different from making that idea a business success. Many obstacles and hurdles come in the way to execute that idea and find the desirable results. Aman Mehndiratta effectively confronted these hindrances and turned up as an indelible business person. Hiring: The process of hiring employees is difficult. It's a time taking and can be a frustrating procedure. Watching the merits and demerits, outstanding qualities and flaws of the most candidates can take as much time as considering and then rejecting those who are not suitable. Finding promising employees to hire, those who have talents and potential to uplift the business has always been a matter of concern for entrepreneurs. Aman manages to be hawk-eyed on talents because he wants his business to flourish. Funding: Aman knew what it takes to be a successful entrepreneur, it is vital to accept that developing the original concept and growing the business will require great resources in the form of financial investment into risk. It needs a lot of control in the business proportionate to the level of investment. Fortunately, he has been blessed with resources for investment so he always tries to make it worth. Uncertainty: Startups are the subject of excessive uncertainties. These uncertainties invite major risks within the business. To tackle with them, one should be patient and focused towards the improvements which have to be made to cope up. The best symbolism for the same can be, imagine startup firms are like ships in sea-storms of risks and uncertainties where entrepreneur's consistent performance and patience behave like lifeboats. Aman Mehndiratta has gone through such challenges but he never lost will to do better and better. He has such a positive attitude and constantly strives to give his best effort, eventually succeeding and motivation others.
I want to do free service (work) to help children and old people. Money seekers excuse. kidBeggers. I request all to not give money to child beggers if they ask. If you give any money, most part of it will go to criminals who control these children. Criminals even steal children of poor parents and make them addicted to drugs and beg. If you want to do charity, instead of giving Rs. 5 for 20 days or total Rs.100, give the begger food worth Rs. 100 or some slices of bread one day, and see if he eats it and is grateful. If you do not have time, ask your servant to see if the begger eats the food or sells it. Criminals will not benefit much from this food. Another thing, many telecallers call me and say they are from this or that organisation to help unfortunate people and ask for money from me. I tell them I will give money etc. personally to the poor person. Then they make excuses why that is not possible. I reject them. Then I give my money of charity to some one, is genuinely in need, after being confirmed by some reliable person known to me. If you agree with my views, please send me a message. If you like it strongly, please copy this paragraph of the message and send it to others. If you have better ideas, please mail me.
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Impact Investments and its challenges The modern world needs more and more capital for development. The capital makers are doing their best to achieve this. They are using various ad-hocs to maintain the aura of this modernity along with the continue paddling to strive the better future for the existing as well as coming generations. Investors like Aman Mehndiratta have come forward, took the reins in their hands and have started investing in Impact Investments. Now the question arises, investment was fine but what is impact investment now?? So, let's make the concept a bit clear to you, here is the explanation what is impact investments and what it takes to be an impact investor. Investments made by investors into funds, companies, and organizations having the intention to generate a beneficial, measurable, environmental or social impact and alongside an expecting a financial return, is called impact investment. In other words, we can say that Impact investments are there to provide capital that can address social as well as environmental issues. Investing for good Aman Mehndiratta is a great philanthropist. He never fails to come up with the ideas which will do good for society and its betterment. Impact investing is one of those ideas. By investing the hard-earned money the ventures for impact, he is making a great difference in the field of giving back. AS we have discussed earlier that this is beneficial for our social and environmental measures, it is not as simple sailing as it seems to be. There prevail lots and lots of obstacles, difficulties, and challenges in the path of doing well with the reference of impact investment. Investor and philanthropist Aman Mehndiratta has gone through many of obstacles while practicing this kind of investment, but he never stopped. His love for society and humankind is that immense that any challenge was not hard enough to conquer for him. The challenges faced by Investors in impact investing Regulatory barriers: This perception often comes in the limelight that there are significant legal and regulatory barriers. These barriers are opened for developing retail impact investment products, and particularly they enable products which are said to be qualified investments. While some additional considerations there are that, many of these barriers tend to be similar to what is required for conventional product development. Lack of knowledge: The mainstream media often doesn't cover the social finance nor is it prominent within traditional financial education. Within the financial sector, social finance is often used interchangeably and sometimes even incorrectly too. Although with terms such as corporate social responsibility and impact investment, people often get confused. Lack of investor awareness: There is no any second thought that many retail investors are unaware of the product opportunities available around impact investing. Impact investing options tend to be limited and often not visible to retail investors if compared to conventional products in real.
India has been come out to be an emerging market for startups in past few decades. The Startup India movement and National Skill Development Mission are some of the programs that have been introduced by our government to pitch up the startup programs, knowing the benefits of startups and entrepreneurship for a country's economic growth and GDP. Although, starting a whole new business and making it a success comprises both sweet and bitter flavors. The entrepreneur has to be wise enough to extract the sweetness and avoid the bitterness. One can cherish enormous benefits and can have abundant possibilities if worked shrewdly. Aman Mehndiratta is such a bright entrepreneur and magnate, he understands the pros and cons of entrepreneurship and knows how to prize out the good and leave the bad behind. Accepting the challenges with full confidence and putting every possible effort to overcome it, is something Aman has learnt from his past experiences from corporate sector. Failures cannot prevail over him because he sees them as motivation to do better the next time. He focuses on possibilities to draw the benefits which have been come out to be the greatest factor that helped him to create unprecedented growth of his business. Here we are giving a brief about several key possibilities and benefits which affect any entrepreneurial firms or startups India in an absolute manner. First is large population: For startups in this country, it is not mandatory to go overseas. India, with approximately a billion people, presents a very huge and diversified home market for goods or services. Rising disposable incomes and growing aspirations of a mushrooming middle class have meant that there is a large appetite for brands in the country. The large population has also led to higher consumer expenditure growth, which has in turn has propped up the increased demand, supply and production. Domestic startups that look to service and cater to the large population in solving a pain point also work as effective tool for economic development and boom in GDP. Now, taking the Demographic Dividend in consideration, according to the recent census, India has more than 72 per cent young population below the age of 32 years which makes the country more promising for the people who have entrepreneurial mind sets. This accounts to be a plus point for Aman Mehndiratta because youth is the driving force behind innovation, creation, and the future leaders of a country. For startups youth makes up the workforce that it desperately needs and it can be a huge talent base for startups. Next is Decision making, it can be said as the ultimate benefit of starting your own business because being your own boss it too relaxing and chaos-free, isn't it?? No external orders or commands one have to follow which contributes in peace of mind and the entrepreneur is able to work with full concentration and dedication knowing it will directly affect him. The biggest sake of startups can come in front in the form of Greater Employment opportunities. This was the core reason why Aman turned out to be an entrepreneur and wanted to invest in startups. He wanted to be a helping hand in the development of society to make it a better place. This could be done by mending the economic progress in the country. Startups accelerate the employing, steadily vanishing the problem of unemployment. These were some of the possibilities and benefits of establishing entrepreneurial business in developing country like India.