• “If the opportunity doesn’t knock, then build a door”-Milton
Berly. Entrepreneurship is all about finding opportunity and
converting the resources into profits, Entrepreneurship.
Entrepreneurship is the process of new ventures involving creativity
and innovation. The whole idea about entrepreneurship is about
self-employment which will generate employment opportunities for
others. It is the most effective method for bridging the gap between
science and the market place, creating new enterprises, and
bringing new products and service to the market. Various
researchers indicate that about 90% of the jobs are created by
entrepreneurs. In the developing country like Nepal can give the
boom to the economy of country. Nepal is ready to grow because it
is young, energetic, and reaching out to participate in global
economy. There are plenty of investment opportunities here.
• Entrepreneurship plays a vital role in sustainable economic
development of our nation. The future of Nepal cannot be
dependent on foreign aids and remittance only. If we want to
move forward on a sustainable economic growth, then there
should be enough support and sustainable environment for
new entrepreneurship and innovations.Entrepreneurship is
important because it will not only create employment but it
will create positive impact on the youths. Everyday young and
energetic population are leaving Nepal in search of
opportunities. If all the Nepalese citizens are engaged in
entrepreneurship there is less dependence on the other
countries. Entrepreneurship is the activity of setting up a
business or businesses, taking on financial risks in the hope of
profit. An entrepreneur is the one who sets up the business.
• Entrepreneur finds a need in the market and comes up
with a plan to an innovative business idea in order to fulfil the
demand. Entrepreneurs take the responsibility of the
upcoming business risks and be the role model as a leader to
the employees and job applicants in the business premise.
Entrepreneurs also take full responsibilities of the execution,
the success or the failure of the business.
• Entrepreneurs develop, design, produce, market, and
eventually sell businesses with the end goal of financial profit.
There are entrepreneurs behind every business in the country,
no matter what the size and scope. Entrepreneurs own and
operate everything from small shoe stores to tech startups. A
modern-day interpretation may associate being an
entrepreneur with having an innovative and creative idea for
online use, and with someone who can use the power of the
internet to fill a niche. Entrepreneurship demands having
initiative and a strong determination to succeed. It also
requires an immense amount of confidence, tenacity, and
In context of Nepal.
• Nepal is a developing country with an agricultural
economy. In recent years, the country's efforts to expand into
manufacturing industries and other technological sectors have
achieved much progress. Agriculture is the mainstay of the
economy, providing a livelihood for more than 70% of the
population and accounting for a little over one-third of GDP.
Industrial activity mainly involves the processing of agricultural
products, including pulses, jute, sugarcane, tobacco, and grain.
Nepal, being a country rich in water resources, has
considerable scope for exploiting its potential in hydropower
with an estimated 42,000 MW of commercially feasible
capacity. It also has the potential to promote and grow the
tourism sector as it is fully covered with beautiful snowcapped
mountains, abundant flora and fauna, exiting trekking routes
and rich cultural diversity.
Nepal is more committed towards agriculture sector and the government is
currently focusing on the modernization, diversification, commercialization
and marketing of the agriculture sector. With increasing government support
towards agriculture sector, entrepreneurs can take more advantage from it.
But there is still hope in Nepal towards the path of entrepreneurship. The
sectors like agriculture, tourism and IT have scopes for entrepreneurship. As
per the latest World Bank annual rating, Nepal ranks at 110th position in the
ease of doing business among 190 countries of the world. The many
advantages for promoting entrepreneurship in Nepal like legal support,
favorable environment, major youth population and abundant resources.
• There are various success stories about entrepreneurs.
One given below:Bonita’s journey started by campaigning
about nutrition along with other youth using innovative
tools such as the Nutribeads bracelet in the community.
After receiving a lot of positive responses and
appreciation for their work, Bonita decided to run a full-
fledged social business to help, aware and reach out to
more women. However, it’s only easy said than done. She
started Social Changemakers and Innovators (Sochai) as
an NGO, then slowly and steadily she came across social
entrepreneurship in her journey and realized there is no
such thing as free lunch. Running a social enterprise has
further broadened her horizon and helped her connect
with the inspirational women at the grassroots level
which keeps her grounded and motivated.