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Role of Venture Capitalists in the Entrepreneurship Development in India

Institutes and organizations are on the verge of growth for the purpose of Entrepreneurship Development in India. One can choose to train himself and brush up thoroughly on the market patterns and behaviour before actually stepping into it with no knowledge at all. You can become a successful businessman by considering to take up those training programmes initially,  but what about the factors that help you initiate your career as an entrepreneur? Entrepreneurship Development in India may require financial support too, wherein the venture capitalists come in.

Initiating entrepreneurship requires manpower, material and capital without which, business in a motif to serve a larger mass is not possible. Sometimes the development of the entrepreneurs is on immediate demand, right after the initiation phase to understand the market dynamics and the change that took place over the time. Venture Capitalist Firms in India provides guidance and motivation for entrepreneurial development purpose which redirects the entrepreneurs to help the business mount the ladder of success.

The support of a venture capitalist firm also prompts that the business has a bright prospect which needs to be molded well enough. The business world in India saw a revolution when in 1991, the economic revolution happened. This gave rise to a number of entrepreneurs who brought in new hope for the country and the urge to develop constantly has been maintained and executed several times. In modern India, a wide range of developmental programmes have been introduced for enhancement of management skills and developmental methodologies. These armaments would make sure of bringing in the hidden talents of the entrepreneurs to surface and converting challenges into opportunities.

 

In order to stand steady in the competitive market, many significant strategies like team building, creativity and innovation, communication and interpersonal training skills, decision making and problem-solving and many more have become a part and parcel of the life of an entrepreneur. In such a scenario, entrepreneurs are in dire need of true support and guidance by the Venture capitalist firms in India who would also take up mentorship for the overall progress of the company.

Entrepreneurship Development in India has been in trend since the last one decade with the urge to develop the business industry and match up to the global level. Venture Capitalists have been playing the role of a guardian to many entrepreneurs in their startup period or at a secondary level for developmental purpose and direct them to the right path. In frequent cases, the venture capitalist firms prefer to take up the responsibility of the direction of the company upon themselves entirely. They not only invest in the growth of the company but keep records daily updates on the business and commands specific movements to which the entrepreneur abides by. The venture capitalists in India started as a pillar for the entrepreneurs in India who needed financial backup and gain the strength to compete on an international level, but they slowly realized that only financing would not help in the development and thus, they acquired a greater role.

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