Why Indian youth is afraid of joining a Startup?
The urge to become self-sufficient is ingrained in everyone’s mind, in other words, human minds are instinctively drawn to the idea of being independent. The essence of this is to take risks, to think out of the box. Though the idea of a startup is always exciting and bring along tremendous prospects and potentialities, yet the fear of survival is always present in them. This is because often they have to face difficulties which are not anticipated at the time of inception. We can see many fresh graduates from IIT, IIM hesitate to join a startup, as they feel there is no future with these ventures, there is a likelihood of them closing down after 4 or 5 years. As a matter of fact, a liberated thinking is still not common among Indian youth and various reasons can be cited for this.
Job security is the primary reason for many individuals to discard a startup. Not all come from a favorable background and the hard realities of life compel them to restrict their moves. Many of them have a family behind and this is why they look for a settled environment. They can even sacrifice their dream for the safety of their job. Equally, a conventional upbringing is also responsible for this, that teaches you to ‘study well so that you can earn well’, automatically bound people to think that whatever money you have spent on education, it must come back.
Not all Indians are averse to startups. In many instances, you can see a section of the Indian youth do want to go with the flow and join a startup. But, problems arise when they are offered salaries in established industries that are four or five times higher than the startups, they cannot resist temptation. Thus, to a large extent, the decision of joining a startups is all depends on the mindset of an individual, what he expects from a company and how he wants to see himself after 5 years down the line. Those youth who seek high salaries, start-up is a wrong choice for them, such people should go for established companies. However, if you favor a flexible working environment, and will be satisfied with a meager amount, you must join a startup.
Many a time, lack of proper infrastructural amenities let people deviate from startup. A majority of startups don’t own a proper workstation, some even lack basic amenities, including a conference room. Though these are small things, yet they create a profound impact on the minds of employees. The concept of perks and benefits are usually absent in startups. The reason is that not all of them are independent and they are responsible to the investors about their every move. This dampens the spirit of employees. Equally, lack of leadership qualities is also a reason of the distrust, because, in startups, you won’t get experienced people to learn from to tackle any situation. This can be frustrating sometimes.
Thus, sustainability is the major issue that is preventing Indians to welcome startups with open hearts. However as Modi government is making a strong urge to adopt this startup culture, it is likely that the traditional mindset of Indian youth will soon undergo a change.