According to a report published by Inc in 2018, the entrepreneurship index in the United States is booming with more and more people coming forward to start up their own venture. The entrepreneurship rate in 2018 was highest at 6.4 percent, which means that 15.8 million people were working as entrepreneurs, with or without employees. That’s indeed a big number for any population to grow through a self-driven business.
Evidently, it is true that starting up your venture out of hobby, passion, or skill has never been that easier as it is now! Apart from other factors that give birth to the idea of entrepreneurship, one cardinal aspect of starting your own business is passion and grit. Staring a business put of your hobby or passion is becoming increasingly popular due to a spur in the Makers Culture that allows one with the right facilities and tools to maximize their innovation and give it a proprietary.
Ever since the Makers Movement was started in the early 2000s in California; its roots have successfully spread around the world and are creating an impact everywhere. The movement that has popularized the idea of Do-It-Yourself( DIY) with the help of tools and techniques like 3D printing, easy wood cutting, Arduino kits, Google’s Sketch-up, etc enables you to make anything out of scratch. This ease of access to tools in special facilities known as makers Spaces is making the makers culture a Mecca for entrepreneurship. More and more DIY enthusiasts or hobbyists are emerging out as entrepreneurs of tomorrow and expanding the dynamics of innovation.
Let’s See How Is the Makers Movement Contributing to the rise of entrepreneurship-
- Availability of tools and resources that can help any technical or non-technical person start a business of his own-The The idea of makers movements revolves around “Anybody can be a maker”! This concept thrives on passion and grit to make or create something on your own is the founding idea of any business. With website applications and access to makers spaces, innovation and developing things become easy. What’s better than generating revenue out of your interest?
- Shorten the time and cost from idea to prototype- In today’s fast-moving market, the basic product development cost and time are critical to survival. They come at the early stage while a startup has no revenue or valuation, so professional investors are hard to find. Low-cost design and fabrication tools are extremely valuable.
- A space to Network with potential cofounders and strategic partners-
Relationships are best built while working and learning together, rather than over drinks at a mixer or industry conference. There are already more than 500 active hackerspaces worldwide, as listed on Hackerspaces.org. Countless startup teams have already been spawned from these.
4. Give rise to new entrepreneurial opportunities and ideas- With low-cost digital design and fabrication tools such as 3D printing and the ability to digitize almost any object, bold new innovations become apparent. This gives young entrepreneurs get to “touch and feel” the results and allows them to experiment with their design. Not only this, it allows a broader scope for consumer-based customization and can work in accordance with demand and supply. Such ideas can be easily turned into a product that can get the business running.
5. Leveraging the diversity into success- One of the most striking features of the makers movement is its diversity. People from all walks of life can be a part of the makers movement and contribute to the makers culture. Here, an artist can collab with a tech freak and work together to benefit from each other’s skills. Or a designer can approach an engineer and reach him out to convert his prototype into a working model.
Precisely, this diversity allows people to merge with each other and leverage it to make successful ventures.
Thus, it is evident that makers culture is massively giving rise to new innovative start-ups and increasing the number of entrepreneurs. Makers are no more limited to just being hobbyists, creators, or DIY enthusiasts but are becoming successful entrepreneurs of the future. So, are you passionate enough to develop a successful venture out of your hobby or innovation, is yes then why not give a try to entrepreneurship?