startup culture

Enterprising nation: India has the most workers ready to quit jobs and strike out on their own

Nearly 83% of the employees surveyed suggested that they would ‘love to be an entrepreneur’.

Indians have been bitten by the entrepreneurial bug.

The country’s workforce is the keenest on pursuing entrepreneurship, a survey by global recruitment firm Randstad has noted. Of the 400 workers surveyed in India, 56% considered quitting their jobs to start their own business. This is the highest globally, Randstad said in its 2017 annual Workmonitor Survey, held across 33 countries. The results of the survey were published on August 9.

The survey found that entrepreneurship was most favoured among Indians, with 83% of the employees surveyed suggesting that they would “love to be an entrepreneur” – much higher than the global average of 53%. This propensity is highest among those aged 25-34, with 72% of the respondents in this age group favouring it. Employees aged 45-54 seemed less enthusiastic about start-ups in general.

That is mostly because India’s young workforce feels the atmosphere is favourable for start-ups. Some cited the Narendra Modi government’s initiatives such as the 2016 announcement of a Rs10,000 crore fund for the sector. India’s evolving start-up ecosystem, with its unicorns – private start-ups worth more than $1 billion such as Flipkart, Ola, and Paytm – have attracted a lot of attention in recent years.

Besides, a fast-growing economy and a digitally connected population have helped spur investor interest in Asia’s third-largest economy. Large global players like Tiger Global, Temasek, and Alibaba Group have shown a keen interest in the country.

Yet, start-ups have not had it all easy in India.

Those surveyed by Randstad acknowledged that the risks that starting a business entail are big. That is a genuine concern as start-ups’ success rate remains abysmally low in the country – close to 90% of them fail in less than five years of founding, a recent survey by IBM noted. The survey cited a lack of innovation and an ongoing funding crunch as reasons for this.

This article first appeared on Quartz.

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Advice from an ex-robber on how to keep your home safe

Tips on a more hands-on approach of keeping your house secure.

Home, a space that is entirely ours, holds together our entire world. Where our children grow-up, parents grow old and we collect a lifetime of memories, home is a feeling as much as it’s a place. So, what do you do when your home is eyed by miscreants who prowl the neighbourhood night and day, plotting to break in? Here are a few pre-emptive measures you can take to make your home safe from burglars:

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2. Survey your house from inside out to scout out weaknesses

Whether it’s a dodgy back door, a misaligned window in your parent’s room or the easily accessible balcony of your kid’s room, identify signs of weakness in your home and fix them. Any sign of neglect can give burglars the idea that the house can be easily robbed because of lax internal security.

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Collaborate with your neighbours to increase the lighting around your house and on the street – a well-lit neighbourhood makes it difficult for burglars to get-away, deterring them from targeting the area. Make sure that the police verification of your hired help is done and that he/she is trustworthy.

While many of us take home security for granted, it’s important to be proactive to eliminate even the slight chance of a robbery. As the above videos show, robbers come up with ingenious ways to break in to homes. So, take their advice and invest in a good set of locks to protect your doors. Godrej Locks offer a range of innovative locks that are un-pickable and un-duplicable. To secure your house, see here.

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