Why is aspiring to become an entrepreneur considered elite? - Maryam Salman
One may think that do all elite schools and educational institutions foster entrepreneurs? Is this a field only for the rich ones? Even in the 21st century, despite all the revolutions and the drastic world changes, entrepreneurship is still associated with money and wealth. Masses still think that it is for the wealthy and they may not be wrong up to some extent.
Looking back at the eighteenth century, and keeping in mind the way bourgeois (the elite class) exploited the proletariat (the working class) in England. The bourgeois took advantage of the illiteracy and lack of exposure of the labor class and people from rich backgrounds ended up ruling the poor ones for a very long time. They were able to do this by having different schools and curriculum for the rich and the poor, teaching the poor to abide by the orders of the elite. The children of the laborers were brainwashed into thinking that they are inferior to the bourgeois. The bourgeois were the owners of the industries and did not let any laborer based family have a lead in the corporate world.
However, times have changed. The emergence of some notable personalities from the proletariat has led to the downfall of the bourgeoisie and we are no longer living in a world set up for the rich.
Till date, many people have the mindset that only the elite class can start a business. A large number of the population still perceive that the ability to set up well established businesses can only be done by the ones who have enough resources, specifically, enough capital to invest. However, this myth is propagated by the glamorous lifestyle of the entrepreneurs. People still think that one needs to have rolling cash in order to start a business. Nevertheless, this is not the case. Anyone passionate enough to establish a business would be able to make the best out of his/her own resources, even if it is a few thousand rupees. The only basic need to establish a business is dedication and the ability to manage it.
Moreover, elite entrepreneurs find it easier to risk their studies and their employment for establishing a business. It is comparatively easier for them to abandon their current life than for a mediocre man. People aspiring to become an entrepreneur are usually hindered by many factors, mainly lack of financial resources to take risks. A big proportion of Pakistani population fulfills the livelihood of their families with the security of a steady paycheck and can not afford to risk it all to pursue their dreams.
Whilst setting up a business, one major thing kept in the mind is the fair chance of all the investment going to waste. Setting up a business is an extremely risky thing to do as no one can guarantee success and unlike all the other professions, entrepreneurship not only involves hard work and dedication, but often requires a substantial amount of capital. Therefore, pupils from middle-class families are not encouraged to opt for such a risky profession.
Apart from this, many people from middle and lower class families usually want their children to opt for the mainstream career options because they fear losing their children in business rivalries. To date, many notable and wealthy people have become victims of business rivalries. These fights over wealth, profit and success in business have taken lives over the decades. People who are not from well-established families find all this extremely difficult to tackle with and want their children to refrain from committing or getting involved in any activity that may result in any big loss.
To sum up, no career option can be confined to a specific social class. Anyone willing to move towards upward social mobility by establishing a business has a lot of options; he can take bank loans, do freelancing, find sponsors; just to name a few. The integral aspect is to change our mindset. Nothing is impossible and with collective effort, surely any aim can be achieved.