VGo Global

2020 has been a roller coaster ride for everyone around the world, from economic crisis to people getting unemployed in every sector of business. No country has managed to avoid the rising unemployment. For India, the estimate is about  4.1 million youth, losing their jobs. According to the latest report by think-tank Centre for Monitoring Indian Economy (CMIE) the employment rate had fallen to an all-time low of 38.2 per cent in March 2020. Youth will be hit harder than adults (25 and older) in the immediate crisis and risk-bearing higher longer-term economic and social costs. The young people's employment prospects in Asia and the Pacific are severely impacted due to the pandemic. Youth unemployment rates have increased sharply in the first quarter of 2020 from the last quarter of 2019. Between 1 crore and 1.5 crores, youth jobs (full-time equivalent) may be lost across 13 countries in Asia and the Pacific in 2020. The U.S. has seen a huge spike in unemployment as over 26 million...

  What is Entrepreneurship?  Who is an Entrepreneur? Entrepreneurship is the ability and readiness to develop, organize and run a business, along with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the starting of new businesses and an entrepreneur is a person who does that. Nowhere it is written that only men can be entrepreneurs, no definition describes it as a gender role then why is there a bias when it comes to women entrepreneurs?  There exists an underlying issue that is keeping women from becoming successful entrepreneurs, the difficulty of finding funding. Women-owned businesses receive just 7 per cent of venture capital investment money, which is highly disproportionate to their role in the economy. Additionally, loan approval rates for female entrepreneurs is less than it is for men. Candida Brush, a professor of entrepreneurship at Babson College, has an insightful take on one of the main reasons why women...

The Covid-19 Pandemic has affected everyone in the world, Startups, in particular, seem to be getting affected a lot by what's happening and it may seem like a bad time to start something new but let us tell you, every crisis has an endpoint. It's true that New business registrations generally drop during recessions, but many successful innovative start-ups have emerged from a period of crisis. Examples include Dropbox, Uber, Airbnb, WhatsApp, Groupon, and Pinterest, which were all founded during or just after the global financial crisis and not to forget Alibaba's Taobao was founded during the SARS outbreak in China in 2003. Need of the hour is for startups to swiftly adapt to the new changes and seize the unique opportunities presented by  Covid -19 Pandemic. The Covid-19 outbreak may induce a lot of changes in societies, the changes in consumer habits or needs could uncover valuable business opportunities for start-ups ,which proves that a period of crisis not only bring...

  An excellent idea results in a good business which eventually, results in lots of revenue and success. Seems simple, right? One excellent idea plus a lot of hard work and then boom! Suddenly you're living your dream life. It's easy to get lost in that trail of thoughts. But hold on to your horses. It doesn't always work that way.   90% of startups with super cool ideas fail. And why is that? Execution!   Here are a few common mistakes made by entrepreneurs while executing their business that eventually kills their businesses. Read on, and avoid making these mistakes. 1.       Having no plan at all Having no plan is a plan to fail. It’s a no brainer. Yet, so many ideas fall into this trap. Just putting your ideas out there, hoping that everything will fall to place will result in the death of the idea. Doing whatever comes to your mind with no concrete plan does you no good too. So, make a concrete plan with steps, motives, and strate...

Our minds are intricate, with so many thoughts passing by every single day, ideas, memories, aspirations, and more. While many thoughts disappear, some stick around for long. And especially if it is a question or an idea that solves a problem, it continues playing on your mind. You might even think about monetizing the idea and turning it into a startup. A study has shown that three new startups launch globally every second, making up for 11,000 per hour, or 25,9200 per day! According to the IT industry body Nasscom, with the addition of more than 1,300 startups this year so far, India continues to reinforce its position as the third-largest startup ecosystem in the world. The startups have created about 60,000 direct jobs and 1.3-1.8 lakh indirect jobs.  So, what are startups? By definition, it is a young company founded by one or more entrepreneurs to develop a unique product or service and bring it to the market. Well, it is not as simple as it sounds. With this comes the potent...

  An entrepreneur is someone who manages, organizes and assumes the risks of starting a new enterprise or business out of an idea, regardless of their age. These are individuals who have little to no knowledge of how to build a product or find a market for it, generate a customer base and start selling. Needless to say, each of the domains mentioned here requires skill and expertise for a successful business to be built. To be an entrepreneur means to be an individual who takes on challenges. It is synonymous. It also means to be someone who is a problem solver. Someone who knows what lies ahead is only half the battle. Below given is a list of the major difficulties faced by entrepreneurs at different stages. 1.       Raising funds Fundraising is the first major hurdle that an entrepreneur needs to overcome. It is one of the biggest challenges as finding an investor is easier said than done. Raising funds is not just about asking money from potentia...

It is not uncommon to meet young people who are unsatisfied with their life. Many of them had to sacrifice their passion for various things like photography, technology, cooking, food delivering, driving, etc. because of a misconception about the term “success”. It is widely believed that getting a job in a multinational company that pays well makes a person successful. This is not necessarily a bad idea. But, it restricts the young generation’s ambitions, forcing them to believe that this is the only path to follow. The reality, however, is quite different - why work for someone else when you can have your own way? Why not become an entrepreneur ? You don’t need to be old or young enough to start your own venture. In fact, the youngest minds are the freshest and are factories of constant idea generation. A huge number of global entrepreneurs today are either high school students. If you try to compile a list of the world’s most prosperous entrepreneurs , expect seve...