Successful entrepreneurial programs across educational institutions towards inculcating knowledge in software business

Abstract

An Entrepreneur is a person who has possession of an enterprise, or venture, and assumes significant accountability for the inherent risks and the outcome. It is an ambitious leader who combines land, labor, and capital to often create and market new goods or services. Entrepreneurship as a career option has emerged due to the cut-throat competition and lack of opportunities in the formal sectors. Individuals with a dream to do something on their own are even leaving their secure jobs to pursue a business venture. There are several institutes that offer entrepreneurship courses in India. It is always considered to be a better idea to join a formal training before setting your foot forward as an entrepreneur. Entrepreneurial Programs across Educational Institutions in particular to Software Field helps to promote a high tech entrepreneur with the technical knowledge, entrepreneurial skills and also the business knowledge. It is widely accepted that adding business and entrepreneurial training to a technical curriculum improves the caliber of graduates, finding ways to  effectively blend business skills into an education program has been a challenge for faculty. In an attempt to bridge the gap between technology education and entrepreneurial skill-set development, Microsoft has partnered with various university-level institutions across Europe as part of a pilot initiative to encourage usage of the Software Entrepreneurship for Students curriculum. There are tremendous benefits to the local software economy from teaching entrepreneurship and opening student’s eyes and  minds to the possibilities of commercializing ideas they develop, either during their time at university or during their working careers. The software product business is about selling licensed packages to customers. These products help solve a user pain and have potential for growth and profits. One advantage of starting up in this direction is the ability to attract stock market investors and venture capitalists for funding. This business also enjoys enormous economies of scale in selling multiple copies of the  same software. The downside of creating products is that software sales are subject to fluctuations.