Advantages And Disadvantages Of Rural Entrepreneur

However, the concept of rural markets, in India, is still evolving and possesses like any other sector its own set of opportunities and challenges. The primary objective of this study will be understanding

India lives in villages and its development is synonymous with the development of people living rural areas. India is a vast and second most populous country of the world. According to 2011 census India’s population is now about 4.2 billion, its annual growth rate is about 1.64%. About 68.84 % of the country’s population lives in rural areas where their work is mainly related to agriculture and its allied activities like animal husbandry, dairying, forestry, fishery, etc. and cottage and

This article will provide information of what being a farmer is, what is needed to become one, a common routine and some positive and negative facts of this profession.

Small and Medium Enterprises (SMEs) as defined by the US business Act of 1953 refer to business enterprises that is independently owned and operated and that isn’t dominant in its operation. One with fewer than five hundred employees. According to Bank of Ghana (2006) under the Funds for Small and Medium Enterprises Development defined small and micro enterprises as firms with assets (excluding land) of between 25million Ghana cedis and 5million Ghana cedis. A lot has been said and written about SMEs the world over. It has also formed the subject of discussions in so many seminars and workshops both locally and internationally. In the same vain, governments at various levels (local, state

Furthermore, rural manufacturing has been identified as one of the few viable sectors for rural development (Freshwater, 2003; Rothwell and Bollman, 2011). Based on this claim, entrepreneurship tailored towards rural manufacturing may serve as a possible ingredient in the revitalization of rural Saskatchewan.

Community collaboration and leadership, with emphasis upon entrepreneurial leadership, and the role of sustained dialog in the application of economic development and growth in rural regions, are the subjects of this essay.

This article states what challenges do Small and Medium Enterprise (SME) face in the working capital management.

Through fresh innovative and creative ideas we have seen how these different concepts and ideas change the business environment. Entrepreneurship plays a role in the economy and can result in the growth and development of the economy in a country. This essay will be discussing the different aspects on what Entrepreneurship is, The Role it plays in the economy and the different type Entrepreneurial businesses involved in the growth and development of the economy of the country. Entrepreneurship will help the economy by providing more job opportunities, creating new wealth and can reduce unemployment . It is clear that there is positive relationship between Entrepreneurship and Economic growth; this link will be discussed in the essay.

They help in intensifying competition with the help of technology they master in increasing productivity and thus contributing in the development of the country, followed by economic growth.(Dr. Sangya Shrivastava 2013) Entrepreneurship has been given much emphasis by organizations and governments in recent years. It acts as a vehicle for small businesses. We can see the increasing level of economic development when more of the population gets involved in entrepreneurship which is basically self-employment. Entrepreneurship plays a critical role in the development of the economy as this is the key contributor to innovativeness and product improvement. It is one of the important ingredients to the creation of new employments and in the building of communities in ways of offering them jobs. By contributing to local charities, taking part in local business, investing in projects in communities, and creating and participating in different networks in entrepreneurship, they build up robust communities which contribute to the community development. Governments have struggled to develop policies which will enhance entrepreneurship by understanding the critical difference existing between small business owners and entrepreneurship. At the same time, a misconception about entrepreneurs and where entrepreneurs can be found can also help the local people to create the right picture of entrepreneurship and thus become aggressive and contribute to

An entrepreneur is someone who is competitive, always having an idea of what the market needs, they need to do more researches, create a business plan which will include the entrepreneur new ideas and technologies, to make the business ideal and successful. Entrepreneurs need to have a keen eye on seeing opportunities which others can not see, they need to take financial risks in setting up a business, or improve the performance of other businesses. “Starting your own business/Entrepreneurship is like jumping off a cliff and building a plane on the way down”, says Nikhlil Shah, Founder of Mixcloud.

One noticeable issue in the society today is the rate at which people (including youths and adults) migrate from the rural to the urban areas. Like a paradox, while the cities (urban areas) are increasing in population, the rural areas are decreasing. One of the factors that is responsible for rural -urban migration is lack of / inadequate social amenities and facilities in the rural areas. These include pipe borne water, electricity, good roads, hospitals, schools, recreational centres (like Stadiun, Zoo, Amusement park) among others. Inadequate jobs in the rural areas also make many youths to migrate to the urban areas that can provide better opportunities for them. Rural-urban migration has negative consequences. It leads to

many areas that fall under the rural category. The term rural is considered very vague: a sparsely populated non-urban region. This means that the term rural can be branded to areas ranging from semi-developed areas such as Lanai, to the almost isolated villages of Yendi. Rural populations differentiate from one another depending on the region they reside in. However, these regions have some things in common such as non-condensed population.

Social workers that practice in the rural environment should understand the importance of their client’s community. People who live in rural areas are viewed as “country”, unfortunate, and illiterate people not living the “normal” standards. In other words, these characteristics of the rural lifestyle are people who are comfortable living in the low populated environment are restricted to different resources compared to the urban communities. Furthermore, to understand the rural lifestyle I conducted interviews on three elderly African American women who lived their entire lives in the rural parts of Alabama: Ms. Orange who is 85 from Millry, Ms. Molly who is 83 from Camden and Ms. Washington

The study is based on a random sample survey of 275 micro entrepreneurs, conducted in four different slums of Mumbai namely Sathenagar, Dharavi, Vasinaka and Chithacamp. We have used structured questionnaire for the collection of data. Randomly 27 micro enterprises from Sathenagar, 73 micro enetrprises from Dharavi, 24 from Vasinaka and 151 from Chithacamp have been collected. Vasinaka and Dharavi are examples of developed slums and rest are marginalized slums. Mumbai is a place in India which is known as financial capital of India and which provides employment opportunities to a large number of people. So several people have migrated from various parts of India to Mumbai and have taken refuge in the slums of Mumbai. Out of these 275 entrepreneurs, 118 have migrated from other parts of India and 157 are from Mumbai. Generally migration took place due to marriage, or for work purpose of any other member of the family. But it is observed that almost all of the migrated entrepreneurs have migrated more than ten years ago.

The crescent interest, in the field of entrepreneurship has enhanced more with the interest of dynamic role of small businesses. In developing country like India small business has a remarkable potential. After analyzing statistical data of various countries it has been shown that small firm developed faster than big industries. Large industries first lost jobs while small industries created new workplaces. Thus the focus is more on small scale industries, which tend to the origin of employment in the developing country India with respect to rural areas. Apart from the employment many other factors denotes the economic progress of country. These factors include investment in fixed assets, climate, infrastructures, inflation, education and institutional quality.