It is not uncommon to see students show tremendous interest in all entrepreneurship related events and activities on campus and then ironically line-up to take up campus placements. It often seems like an anti-climax. But it is not the students who have to be blamed. For through the process they were never told in a convincing manner why letting go of those seemingly exciting campus placements or job offers is actually nothing in comparison to the joy of Entrepreneurship. However all rationale thinking convinces a young student to take up a job rather than attempt something entrepreneurial.
The justification dished out by the ecosystem is not just economic in nature. It is true that from a pure economic stand point there is not even a case for someone to consider starting-up over taking a job; as the statistics of success is so skewed. In addition to this the social perspective also tends to encourage young minds to think of short term gains, measure one in terms of relative peer position and entertain fear of failure thereby making the cause for entrepreneurship lose before it has even taken its first step.
Unless intelligent, bright young kids of our country decide to run their own individual races it is very difficult to convince them to let go of anything (money/comfort/ position etc) in relation to peer performance. Entrepreneurship in its true sense then remains the rare choice of a few who defy well accepted logic of intermediate success and instant gratification. It is only when people are ready to delay gratification or are willing to wait for success to come at a later date – entrepreneurship will become a proactive choice for the youth .
In recent times deferred placements have been an innovative catalyst to encourage young minds to risk and try their start-up ideas without the fear of losing out on ‘employment’ opportunity. What we need is many more thoughts along these lines.
If you are a player in the entrepreneurship ecosystem be it as a policy maker, implementer, support institution, consumer, teacher, an incubation centre or even a person who simply wants India to develop faster, this one question is worthy to ponder on “What possible socio-economic justification can one give to the students for taking up entrepreneurship in lieu of a job offer?”
Please do share ideas thoughts or successful cases if you have any.