Page 64 - Management Digest Udyama Vol 1 Isuue 2

Developing an

Entrepreneurial

Mindset: Think

and Act Like an

Entrepreneur

The percentage of entrepreneurs
from the population in a country
is an essential factor for develop-
ment. In Sri Lankan people, we
have only 1.5% representing ac- According to research
tive entrepreneurs. This percent- findings, more than
age is a lower value when com-
paring with developed countries. 20% of businesses are
The main reason is our young
individuals are reluctant to select closing down before
entrepreneurial careers as a better
career option. They do not like to celebrating their first
bear risk, and our society still has
not accepted entrepreneurship as anniversary.
a better rewarding career. Among
those who have decided to be en-
trepreneurs and starting business-
es, the failure rate is very high and The entrepreneurial mindset is and they also have an
very few only succeed. According not only for entrepreneurs; it is entrepreneurial mindset than
to research findings, more than essential for the corporate sector others. Mr.Harry Jawyawardena
20% of businesses are closing as well. Individuals who have is an excellent example of an
down before celebrating their first entrepreneurial traits do not like intrapreneur who converted
anniversary. Therefore, parents, to start and run their ventures and government own Sri Lankan
educators, and policymakers are work in government or corporate insurance corporation into a
responsible for developing an sectors as employees call more competitive organization
entrepreneurial mindset among intrapreneurs. They are the people that successfully competed
our current and future generations who take those organizations to with private sector insurance
to run their businesses. higher levels quickly, companies.

62 September 2021