Entrepreneurship opportunities in post Covid19 era

Adversities bring in opportunities for some.

Covid19 has been a disaster for a majority of businesses, particularly those operating in small and midscale as well as entrepreneurs. However, there are some sectors which have witnessed unprecedented growth during the last one year due to the special circumstances (work from home, travel and assembly restrictions, etc.).

Indian start up ecosystem is one of booming sectors across the globe and it appears that global investors are now more inclined towards investing in Indian start up ecosystem than ever before.

This interest is due to reported availability of USD 2 trillion worth of liquidity with investors for entrepreneurs opening new avenues into sectors like health-tech, ed-tech and social commerce.

Given the pall and gloom in the employment ecosystem, some experts believe that there is no better time for people to venture their own business in India than the current times.

Investors are in search of entrepreneurs with an effective plan of action to develop innovative and revenue generating business models – Investors fraternity is ready to pump in huge investments into businesses which are innovative and unique in nature.

Health care and education are two sectors with integration of technology will produce significant economic results and job prospects provided they are rightly aligned with aspirations of consumers.

Health tech is one of emerging technologies wherein the technology will be integrated with health care system to enhance effectiveness of health care system. This sector is likely to witness immense growth in coming days with a flurry of investments for development of innovative health products.

Edu Tech is big thing happening next to health tech as start-ups based on edu tech are on rise – Emergence of pandemic further boosted economic prospects of Edu tech. We see some billion dollar deals being worked out in the sector and educational institutes providing coaching from Nursery to Medical and Civil Services acquiring other institutes left, right and centre.

Live streaming is another segment with a lot of economic potential for entrepreneurs to explore in current times – This segment is already witnessing inception of short video apps and the future seems to be full of opportunities and wider acceptance.

However, all these opportunities will work for next gen entrepreneurs who have a vision to build business on long term basis to see light of success. More often than not, we see the ventures fizzling out due to lack of vision, patience and liquidity creating negativity in the whole ecosystem.

Sustainability of a business model is another huge challenge. Many people have dream of building their own successful businesses too soon. However, in reality there are numerous instances where companies witnessed tremendous success in initial phase and later closed down their business due to their inability to sustain initial success.

Potential and opportunities are equally available to all –only the ones who are good at noticing, grabbing such opportunities and working passionately for their goals and dreams are able to translate them in success. There is still no substitute to commitment and hard work for standing out as winners distinguished from others.

It is opportune time for young talent who are dreaming of making a mark in the business world to develop right business plan with economic viability to get back up of investors’ fraternity.