The rise of the Asian entrepreneur

Entrepreneurial culture in the East is completely following the Western approach. Although few people stick to their family businesses, indications of youth migrating to another place are growing. Tej Kohli, a London-based technology investor, philanthropist and billionaire, speaks up on this -

“There are almost 4.5bn people in Asia, so generalizations are dangerous, but advancements in technology and access to information, as a result, have changed things dramatically,” says Tej Kohli.

Clearly, he is stating that the majority of the new generation masses are more aware of alternate opportunities for them. Hence they are not sticking to their family business or local opportunities, instead choosing to migrate elsewhere if they get the chance.

Academics about this mindset of young generations are not sure. Though, it is somewhat unconvincing to finalize an opinion. But among these, one approach of following the Western culture is prevailing predominantly. So, the ground reality is, that the West, primarily is producing exponential entrepreneurs and the East is simply catching up.

There are certain obstacles to the rise of Startups in the Asian segment. For example, access to limited capital compared to the West. Also, many people aspire to work elsewhere rather than run their start-ups, even if they are skilled enough to do so. This lack of willpower further leads to more migrations and loss of skill that may become a big-term achievement for the nation, maybe in the future. "

Introducing a startup may sound like a rigorous seeding, but its fruits can be large. Take Alibaba's founder Jack Ma for example. He is appreciated a lot in his own country, China. Plus, tech business owners enjoy a lavish, super-exotic lifestyle with all the living amenities. Thinking of migrating internationally instead of starting a local startup may not be a great idea every time!