Why every Tech geek must seriously consider Entrepreneurship opportunities — A quick 3-point review!
In today’s modern world, the advent of digitization and technological innovation has led to a rise in CS/IT job demands in thousands of numbers. So furious is the competition in recruiting good tech geeks that a major organization like Cognizant had to suffer from business order losses due to scarcity of quality engineers. And in such a chaotic situation to even suggest Entrepreneurship to Tech community has become like asking a fish to roam on land! Is the disdain towards Entrepreneurship truly justified? Well, then surely spare a few minutes to dive deep into understanding why every Tech geek must seriously consider Entrepreneurship.
- Extensive backing from VC’s, Angel Investors
- Earlier sectors in which VC supported startups — Healthcare, Education, Finance etc.
- Present sectors in which VC supports startups — IT in Healthcare (Health tech), IT in Education (Edtech), IT in Finance (Fintech & even Techfin), IT in…. etc etc.
The domination of Tech in almost every industry is clearly visible. Morever, the natural ability of every good programmer in using unconventional hacks to solve problems is an extremely important quality in entrepreneurship. If one can channelize this ability in creating innovative business solution, it can surely lead to building big, better and efficient startups with the help, support and guidance from the marquee investors. Being an IT pro, you will always have a very good chance of attracting investors with your lucrative knowledge of how tech works and why it will transform your business idea sector.
2. First Mover — Good, Second Mover — Also good….. Nth mover — Still Good!
The Entrepreneurship opportunity particularly in the Tech industry as well as other futuristic sectors like EV, Waste management etc. is not at all hindered by existing competition. In fact the growth of the industry itself is so huge that it results in growth of every company’s revenue without having to compete for acquiring competitor’s market share! And morever, if your startup goes to a considerable value, who knows, you could get multi-million $ merger/acquisition offers!
So, if you feel that your idea is already existing, chill off, create a fundamentally strong business model and enter the world of startups without any tension of existing competition.
3. You solve million $ tech problems? How ‘bout implementing them as a billion $ tech startup?
While having a good fat paycheck job is extremely lucrative and relaxing, one must always keep out an eye for new opportunities and when you are in the IT industry, every day is a new learning experience with exposure to evolving technologies. An open and inquisitive mindset will often lead to unexpected and surprising results which might lead you to create the next Google or Microsoft and help generate even fatter paychecks for yourself and others!
While learning new technologies is always a fun experience, giving some time in critically thinking how to apply this learnt knowledge in an unconventional and unexpected way can serve as an excellent opportunity to be an entrepreneur! So, make sure to think on these prospects and do let us know what your views are!
Credits : Yash Dhobale — Team E-Cell ABV-IIITM Gwalior
