How do Engineers become successful Entrepreneurs?

Graduation rates of engineers are rising every year. The craze for being an engineer never goes down, and the demand for engineers is always getting higher till technology grows.

 The setup of start-up culture is creating history in entrepreneurship. Engineering graduates and drop-outs have a lot of competitive ideas that help them start their own companies or work with other companies. The number of engineering graduates in India is uncountable. From that, more than thousands of engineers started their start-up companies, and now they are ruling it. 

Engineering and entrepreneurship are in different directions. But when it comes to problem-solving techniques, engineering graduates are more open to solving crises. Some of the engineering graduates are successful entrepreneurs and popular too. Ratan Tata, Bill Gates, and Carlos Slim are some notable entrepreneurs over the years.

  • Engineers who started their own startups in India

Founder

Company name

Year started

Ambareesh Murthy

Pepperfry

2011

Sachin Bansal & Binny Bansal

Flipkart

2007

Richa Kar

Zivame

2011

Deepinder Goyal & Pankaj Chaddah

Zomato

2008

Vijay Shekhar Sharma

Paytm

2010

Bhavish & Ankit Bhati

Ola

2010

The above companies are top of the list, established by engineering graduates. They are in the transition to a better-settled company in the upcoming years. Not only in India but all around the world engineers are a well-represented group among the entrepreneurs.

An engineering graduate gets a lot of opportunities, but some engineers wish to develop their skills during an engineering course and come up with the idea of being Entrepreneurs. 

  • Features of engineers being an entrepreneur:
 

Thinking of how many engineers become entrepreneurs, they conclude as a brand by clubbing their skills and innovation. There are some features that engineers have.

1. Engineers are innovators:

The syllabus and extracurricular activities of engineers encourage them to approach their thinking innovatively. Innovation is one of the facts that engineers are entrepreneurs. They dig, explore, and find out why and how the problem arises and find a better solution. 

2. Open opportunities and flexibility:

Engineers also have a broader range of opportunities. They are open to possibilities and grasp them in this competitive world. Engineers are trained to be flexible and adaptable. If they fail once, then they will come back in no time and prove it with success.

3. Engineers are good team players and planners:

Engineers work with specific deadlines for each project. They would have planned several tasks with fixed timelines during their college days. So they know how to manage the timings. During their college years, engineers worked on projects as a team, which makes them better team players in the business. It might sports them as good team players. And so, they tend to be successful entrepreneurs.

4. Engineers are trustworthy and rational:

Trust is the basic foundation between teammates. As engineering graduates, they know the importance of trust in a team. Also, Engineers stay in reality. They progress the issues or project solutions not beyond reality. They also need to think rationally rather than emotionally. While being an entrepreneur, they need to be trustworthy and also sensible at the same time.

5. Engineers are problem solvers with wealthy technical skills:

Engineers can solve the issues that emerge in all sorts of technical terms. Being an entrepreneur, they need to handle and manage all the difficulties. Entrepreneurs face challenges in any business. Engineers have the ability can work on things that come out as an output of a well-enhanced product. 

The engineering field drives numerous opportunities and plenty of jobs. To become an entrepreneur, students need to acquire certain skills referred to as STEM (Science, Technology, Engineering, and Math) that allow a company to get a better outcome. 

To succeed as an entrepreneur, they must turn risks into opportunities.

Are you looking for Engineering Colleges?

Cambridge Institute of Technology is one of the top colleges in Bangalore. It offers engineering courses and Entrepreneurship programs on regular basis to encourage engineering students to become an entrepreneur. Some of our college alumni planted their startups, and they are growing in their path.

Dr. G. Indumathi

Principal, Cambridge Institute of Technology

  • Ph.D. completed during 2012, Dr. M.G.R University Chennai
  • M.Tech Industrial Electronics from SJCE Mysore under VTU in the year 2003
  • B.E. Electronics and Communication , SJCE Mysore , Mysore University in the year 1987

Hope you are all safe and healthy during this unprecedented pandemic situation, and you continue to take care of yourselves and those around you. It is imperative that all of us continue to follow the necessary protocols as per the directives of the Ministry of Health and Family Welfare, Government of India.

It is a great privilege and my pleasure to welcome you to Cambridge Institute of Technology (CIT), an Institution wherein the pursuit of academic excellence is a way of life. CIT strives to provide a holistic educational experience to students to develop them into globally competent engineering and management professionals who are grounded in moral and ethical values. The entire team at CIT is committed to fostering a world class learning environment which empowers our students to become socially responsible global citizens, who are consciously aware of their roles and responsibilities to successfully overcome the grand challenges of our era.

CIT has embarked upon a transformative journey to reach greater heights and I welcome you to join us in this exciting endeavour. Let us all work together to create a sustainable future.