A piece in the latest issue of the Economist makes an overview of the growing phenomenon of entrepreneurship in India. It reports the growth in the field, yet mentions several caveats. First, the judicial system is not as mature as in Silicon Valley, where the term sheets used are taken from. Second, knowledge of how to run a new business, e.g. on the financial side, is still lagging. And third, internet penetration is low, albeit growing (some say not fast enough, though), limiting the possibilities of internet start-ups.
But the biggest obstacle to an entrepreneurial boom, says the Economist, is that "[m]ost people prefer a safe job at one of the big services firms." This reminds of the Czech landscape, as was mentioned on Expats.cz. But no challenge is to be left unchallenged...
Post a Comment