Bigger the problem, bigger the opportunity. If you could identify a real world
problem, and use technology to solve that problem and save world's most
valuable commodity - THE TIME - and make your product /service economically affordable then that
would be a million dollar business.
I
shared the above idea during the 'Entrepreneurship
in Emerging Economies' seminar
in 2017 for 12th graders. The Result? One guy took it seriously & went too
far.
That 19 year old student, Pradeep
noticed that employees who are working in his father's water plant were
irregular andthey were losing lot of business. These employees's job was to
fill in the water cans for the customer who come. Seeing the problem, he
thought off carefully for a solution on how to automate the labor in a simple
way. He took the idea of soda dispensers and created the above 'Automatic
Water Dispenser' with even a smartcard system
after putting a diligent effort for 2 years. Now, he started selling the set up
to lot of other water plants for 20,000/- and making huge money and running a
successful business.
Entreprenuership should be taught
at very early age to make the students experience failures, try, learn and
ultimaltely succeed in new entrepreneurial economies. We may not need to reform
the education, but we need to transform. Any thoughts are welcome.
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