The least talked about but a very big socio-economic angle of the startup boom is the employment it creates and the flow of money which it possibly can bring to tier 2 and 3 cities. Spreading of wealth in our economy cannot keep up the desired pace if small and medium scale start ups don’t start wealth generation around the country. First what it does is that it creates richer employment and in turn increases the consumerism level in the society. With new and more people getting skilled employment, the paying propensity increases for families and this in turn leads to the formation of a commercial society around. In the longer run it improves the level of education and upbringing as well of the people who get directly or indirectly involved.
How much can one contribute towards charity? And how much can charity help. It is all tough. Most my friends in different companies talk social but can’t find avenues to spend their money for any kind of social involvement, leave aside upliftment. Start ups naturally build the spirit of team and creates small teams not on caste, not on religion or gender or region – they build families and then upliftment happens. Just for instance, all employees in my company who are not the high paid ones, get education free for their children. We pay for the schooling of their kids. We can do that, it ain’t even a help – it is just like as we grow, they are a part of the “we” I am talking about. We make sure they value education for their kids, we make it easy for them. So, start ups have the ability to make small social circles which share the values of a better world around. So, when you shout aloud in your office meetings and you slog some night outs – you know everyone in your small circle is adding value to their families and lives all the way. One of the biggest motivations at work is to make sure that in a certain time frame we make sure that we provide better employment opportunity to people around. It is always a great feeling to create your own world and a happy world where you would love to live and would love to bring lovely people into it. Start ups have the ability of creating circles of positive energy…kind of a community I mean.
That feeling which used to exist in the society that there is someone called a “businessman” and there are limited people who have the knack for doing business has also reduced. Now, people believe that they can work for themselves and if they are good at something, they can pull off a venture around it. This has also led to creation of freelancers. Most of these freelancers live a kind of startup life and try to build a professional image of their work. Again, this has created lots of employment in the society today. Earning has become multidimensional. It is not just a public servant or a corporate employee who can earn – now people look out for opportunities and try to fill gaps – either through a startup or through their individual proness!
Society tends to look up to private players for better and competitive service. PPPs and the others of the same like by the time they come down often get paralyzed by grass root problems. Big privates again can’t penetrate through all segments of this diverse nation. The big possible side of this START UP move is that privatization can happen place wise state wise locality wise and at every level! The wave can make the world around more competitive than it was ever before. “We” can privatize India, no one else sitting in some bigger distant board room can. With time, things look positive from here!
Today, entrepreneurs meet. MSME holds regional meetings and discussions. Colleges conduct entre talks and contests. The idea of power being in our hands and the social acceptability coming with it is making the wave stronger day by day!
We are moving to an era of responsible start ups. The wave has given us a spirit of belief and the lens to look out for things. We are the START up India!