Recession: World In Quest Of Good Entrepreneurs

The Global Economic Slowdowns and now the Eurozone Crisis have established an element of uncertainty in the air. All this is because of the Recession. Yes!, a regular job is no longer the answer to one's career concerns, but the beginning. And hence, the world is in need of ideas, innovations, creative solutions and fresh perspectives that can cater to the demands that are changing in the market and the emerging economics and a new world order.

What can be the solution for this issue? How to create more job options? How can you ensure that a job is socially, economically and environmentally feasible?

Well, here is how Mr.Tagrul Atamer, the Vice President, EMLYON Business school, France Points out this issue. He says "In the next half century, with the world facing challenges and discontinuities, we will, more than ever, need entrepreneurs in all domains. Only Entrepreneurs can turn these challenges into opportunities and bring about change that will take us into a more feasible and equitable era by 2050".

Time may be unreliable, but opportunities are not, they are plenty enough. Melissa Kushner, the founder of 'Goods for Good', who works with orphans in Malawi, Africa. In essence, 'Goods For Good' aims to meet the immediate needs of children and builds business with community centres to sustain orphan care."

"For our generation, it is wake up call, which says that the banks may not always be at the top of the world. The challenge is to think creatively. Our generation is not only looking at different ways to get employed and earn money, but also to make the world a better, safer and stable place. The ownership is on us", he added.

"Therefore, you would require companies that are flexible and responsive to today's market needs. That is a gap that can be filled in by future entrepreneurs . A start-up company, as we assume, will be more flexible and in tune with what the market needs are", he says.

Moreover, Lily Chan, CEO, NUS Enterprise, National University of Singapore (NUS) draws a parallel with the bio-eco system, which states that, certain concepts in biological ecosystems translate well to the business world. For example, Chan stresses that similar to ecology, a business must find its niche in order to survive. Also, she added that creating a network of entrepreneurs- virtually or through geographical clusters- is one of the key elements of an effective ecosystem.

Sarah Green, Cofounder of EMPACT, a social enterprise, is of the opinion that higher education needs to adapt to new practices such as co-learning and mentoring. She says, as part of a favourable ecosystem, it is also crucial to focus on entrepreneurship education. While fresh approaches need to be taken into account and an entrepreneurial mindset needs to be promoted.

Well, here's what Kushner had to advice, while a new breed of young entrepreneurs are ready to take on the world. "There will be a lot of ups and downs. While the highs are the best highs one can have, the lows are the worst lows that one can be victims of. Overcome those lows, because if there were no lows there would be no highs. So don't give up. If your first idea doesn't work, try another. Seek the advice of your contemporaries, people who are a bit ahead of you as well as people who are a bit behind you. Learn from each other and support each other".