Ex corporate employees now dive into entrepreneurship

Remember the good old days of BPO and IT jobs? People loved the foreign investment into the Indian Economy, making more room for creating jobs. The sinking career lines were immediately revived in the form of Data Centres, Call Centres and Backend Processing. The graduates fresh out of college did not mind applying to the robotic non creative gigs that only paid more than most of the other ‘to be in’ work profiles. Management graduates, Engineers, Hospitality graduates; name it and they were all there to work in some of the biggest banking and third party outsourcing logos which were the signs of new trend emerging.

However, the past five years had seen a dramatic, almost phenomenal shift the way job market behaved. The crash of Lehmann Brothers, Mortgage Crisis and the heavy financial bailout left the United States crashing, directly impacting the jobs that were outsourced here from the super power. The employees hired by these honchos were either benched or asked to leave owing to most businesses being redeployed to China and Philippines where the workforce was cheaper. This made a deep hole in the pockets of our once the high earning, five figured salary bracket. Then came the phase of soul searching.

As it is constantly stated in Harvard, one has to always ‘create’ something on their own. This was precisely the moment of self-victory where the ex-corporate crowd started toying with the idea of self-employment. The creativity started kicking in with most of them chasing the once hidden dormant dream. Entrepreneurship has taken a new tangent with the latest gamut of ‘ex corpora’ starting their own set ups and even flourishing in them.

The ideas are no longer limited or contained as in the previous times. The avenues to venture into are boundless and the opportunities – well, they all happen first in one’s mind. Fine dining, Consulting, Soft Skills Training, Website Designing, Content Management etc., are some of the key areas where the businesses have massively picked up. We also have some incredible self-start ups that are doing rather well after striking gold with foreign partners or local clients. The women on sabbatical for their children have also jumped the gun to take the matters into their hands. Baking, Interior Designing, Image Consulting, Photography etc., are now being actively played on with while making money. There is no harm taking the much required risks in the new venture provided there is a demand in the market.

While the graph for the jobs continues to behave erratically being largely dependent on socio economic factors, the present generation does not want to simply wait to work for somebody anymore. We have CEO’s and Founders starting up companies at the young age of 24. Most of these vision driven hotshots do not even flaunt a degree from a Premiere B School. All they have is a plan in their mind that when applied with common sense is bound to deliver results.

The investors on the other hand are also keen on considering funding businesses that make sense, have a viable market and are expected to yield. Once the projections in the initial years are met, the goodwill for creative entrepreneurship continues to grow. The tags do not matter anymore and neither does the background.

Heralding the new India that is laden with ideas, vision and young blood, a path breaking trend of self-sustainment lies ahead. All good signs for the country to become a super power.