Monday, September 10, 2007

Entrepreneurship and "Making Money"

"Making Money" is still a taboo in many communities (I am NOT referring to any religious communities) in India. One's upbringing is never to "Make Money", but to earn knowledge and spread knowledge. Money is viewed as evil and earned only how much is needed to live a simple possible life.

We need to change the view of "Making Money" into "Creating Wealth" or "Creating Value". This is very key to the development of Entrepreneurship in India. This is hard; especially if you have to do this within moral, ethical and legal framework.

We want to see entrepreneurship in many sectors - energy, education and exposure are fundamental. In addition to these, Healthcare and Technology are the two sectors which need to evolve around these core sectors. It will be hard see traditional investors and entrepreneurs in core sectors; however, I think there is significant profits to be made in core sectors.

How could we make money or create wealth or create value in these sectors? How can we stimulate growth in entrepreneurship in India?