Six steps to be a successful entrepreneur

MOST of us dream of being our own boss. However, it is not so easy being in a business that succeeds and continues to flourish. If you are thinking of starting a venture that can sustain itself past the two-year travail-time, then have the following resources in place:
Firstly, ask yourself the question: "Am I the type"? Remember you will be your top employee! Rate yourself objectively. Evaluate your strengths and weaknesses. If you need retraining do so or hire somebody more competent.
Be Committed! Successful entrepreneurs make it their mission to commit to their venture. Work is their heart and soul. You may need to forego luxuries like a regular pay packet, holidays and almost certainly sacrifice your weekends.
Be a type `D'--someone with desire, drive, determination and discipline. Never say, (you) never can! It is not just enough to have good ideas; you should have the tenacity to follow through.
Believe in your product/venture and work hard to make your people believe in it too. Know as much as you can about the various aspects of your business
Create a business plan (after the prerequisite market research) and stick to it. No amount of determination and discipline can help you if you do not have the knowledge of how to run a business successfully.
Have a great backup. While you may like to run the show alone, you most definitely need the support of others like your spouse and friends. They can provide you with the advice and encouragement needed to keep you going.
Cultivate the sassy six above and you'll be well be on your way to success!

Economy of India

The economy of India is the third largest in the world as measured by purchasing power parity (PPP). When measured in USD exchange-rate terms, it is the twelfth largest in the world, with a GDP of US $1.0 trillion (2007).India is the second fastest growing major economy in the world, with a GDP growth rate of 9.4% for the fiscal year 2006–2007. However, India's huge population results in a per capita income of $4,031 at PPP and $885 at nominal (2007 estimate). The World Bank classifies India as a low-income economy.
India's economy is diverse and encompasses agriculture, handicrafts, textile, manufacturing, and a multitude of services. Although two-thirds of the Indian workforce still earn their livelihood directly or indirectly through agriculture, services are a growing sector and are playing an increasingly important role of India's economy. The advent of the digital age, and the large number of young and educated populace fluent in English, is gradually transforming India as an important 'back office' destination for global companies for the outsourcing of their customer services and technical support. India is a major exporter of highly-skilled workers in software and financial services, and software engineering. Other sectors like manufacturing, pharmaceuticals, biotechnology, nanotechnology, telecommunication, shipbuilding, aviation and tourism are showing strong potentials with higher growth rates.
India followed a socialist-inspired approach for most of its independent history, with strict government control over private sector participation, foreign trade, and foreign direct investment. However, since the early 1990s, India has gradually opened up its markets through economic reforms by reducing government controls on foreign trade and investment. The privatisation of publicly owned industries and the opening up of certain sectors to private and foreign interests has proceeded slowly amid political debate.
India faces a burgeoning population and the challenge of reducing economic and social inequality. Poverty remains a serious problem, although it has declined significantly since independence, mainly due to the green revolution and economic reforms.