Abstract:
India is undergoing a fundamental shift with entrepreneurship and innovation being
primary catalysts. The burgeoning entrepreneurial spirit has undoubtedly created an
astounding startup ecosystem in India. So, starting a business has never been easy in
India but it has never been easier than now. With such a high entrepreneurial spirit and
activated entrepreneurial ecosystem, startups have become a reality. But as a matter of
fact, 9 out of 10 entrepreneurial ventures fail within five years of their ignition in India.
Failure of these ventures can have deep economic, social, psychological and physical
implications for entrepreneurs. This pushes many entrepreneurs to switch their roles
from job providers to job seekers in the market. When entrepreneurs shut their shops and
join job market as job seekers instead of job providers they may have to face some unique
challenges or opportunities on account of their entrepreneurial experience. The job
market may respond in a different ways to them and treat their startup experience,
mindset and skill set with some incredulity. This may help or hinder their pursuit of jobs
in the market. The problem addressed in this research is to identify how does job market
respond to these entrepreneurs seeking job opportunities after the death of their
ventures?
Description:
Fourteenth Biennial Conference on Entrepreneurship/ Edited by Rajeev Sharma, Sunil Shukla, Amit Kumar Dwivedi & Ganapathi Batthini
