Entrepreneurship: Necessity-driven or opportunity-driven?

Anand is a farmer from Odisha in India. He has been farming for generations. Anand and his family try to make a living by farming a piece of land that could be enough for them. He has to manage the changes in prices on the agriculture markets and his income depends on the evolution of stock prices. He has to decide what kind of products he needs to farm, improve the efficacy of the seeds he uses, and decide on the commercialization of his products. In this sense, he is a necessity-driven entrepreneur, which the Global Entrepreneurship Monitor (GEM) defines as those entrepreneurs that are pushed into entrepreneurship because all other options for work are absent or unsatisfactory.

Krishna Mishra is an entrepreneur from India, too. He founded eKutir Agriculture. eKutir is a for-profit social enterprise that designs economically sustainable solutions anchored on entrepreneurship of farm products and providing technology-enabled ecosystems for low-income markets. Based on the terminology of GEM, Krishna can be considered an opportunity-based entrepreneur.