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NT Bureau
Chennai, May 26:

        Students of Great Lake Institute here had a wonderful time, interacting with their counterparts from Georgia State University, US, on entrepreneurship development. The students had arrived in the city for a two- week study trip abroad that focuses on entrepreneurship.

        'Entrepreneurship has nothing to do with creativity. To become a successful entrepreneur, one must know to steal better ideas,' said Jim Beach, a faculty member in Georgia State University.

        Claiming to have become tired of being a entrepreneur, Jim ventured into teaching, though he is not an academician. Sharing his experiences as an entrepreneur, he said, 'I was into business as I couldn't get any other job.'

        Speaking to students of the Great Lake Institute, here, yesterday, Jim said, ' while venturing into business never take risk. Even if your investment is little, let the major share of the company be yours.'

        About 86 per cent of the millionaires in America are of first generation entrepreneurs. Having started an education company, which teaches robotic and computer skills to students, with just $ 2000, Jim later grew by leaps and bounds.

        He advised the students to take low risk in business as an average entrepreneur in US owned only four per cent of the company in the end. 'If this being the case why should you take high risk for this meagre share,' he said.

        Jim further told the students to be passionate to the job. For him, teaching of entrepreneurship is teaching how to become rich.

        Director of Corporate Initiatives and Head of Great Lakes Entrepreneurship Development Forum, Veeravalli said interactions like these would help the students to develop, exchange ideas and initiatives.

        The students of the two management schools also interacted to understand cultural differences in business environments and entrepreneurial activities in both the countries. The GSU students are covering four Indian cities to study how the government is intervening to help entrepreneurs.