Entrepreneurship and After Life: How Does Job Market Respond to Entrepreneurs Seeking Opportunities After the Death of Their Ventures?

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?