An engineer's guide to Start-ups and Entrepreneurship!

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This was presented during a Guest Lecture at SVNIT, Surat during their Annual Entrepreneurship meet - Entru-Meet 2008. An engineer's guide to Start-ups and Entrepreneurship!

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An engineer's guide to Start-ups and Entrepreneurship!

  1. 1. Freedom and Wealth An engineering student's guide to Entrepreneurship & Start-ups! By - Amit Haralalka (amit@xxxxxx.xx) Shrey Sehgal (shrey@xxxxxx.xx)
  2. 2. <ul><li>AGENDA </li></ul><ul><li>Finding Your Niche </li></ul><ul><li>Evaluating your options </li></ul><ul><li>Discovering yourself </li></ul>Freedom and Wealth
  3. 3. Finding your niche <ul><li>Amit Haralalka </li></ul><ul><li>Heads an independent Business Unit at Quetzal Verify </li></ul><ul><li>Worked with Cognizant for 2 years </li></ul><ul><li>Completed Engineering from BIT Mesra </li></ul><ul><li>Drummer and backing-vocalist for a rock-band </li></ul><ul><li>Trained over 700 engineering students </li></ul><ul><li>President, UNESCO Club at BIT Mesra </li></ul>
  4. 4. “ Finding your niche” <ul><li>Try different things </li></ul><ul><li>Understand your mistakes </li></ul><ul><li>Embrace failure </li></ul>
  5. 5. <ul><li>&quot;In business, you reward people for taking risks. When it doesn't work out, you promote them because they were willing to try new things. If people come back and tell me they skied all day and never fell down, I tell them to try a different mountain.&quot; </li></ul>“ Finding your niche” Mike Bloomberg, Founder – Bloomberg & Mayor, New York City
  6. 6. <ul><li>Shrey Sehgal </li></ul><ul><li>Heads an independent Business Unit at Quetzal Online </li></ul><ul><li>Worked as Software Engineer at Aricent, Gurgaon </li></ul><ul><li>Completed Engineering from NSIT Delhi </li></ul><ul><li>General Sec Cultural Festival at NSIT </li></ul>Evaluating your options
  7. 7. Evaluating your Options <ul><li>Higher studies MBA/MS </li></ul><ul><li>Joining a BIG company </li></ul><ul><li>Joining a start-up </li></ul><ul><li>Entrepreneurship </li></ul>
  8. 8. A day in a… Financial planning for the next quarter Trying to get appointments for next day Planning for lunch 12:00-1:00 A meeting with a venture capitalist for funding Sending replies to business mails Coding 11:00-12:00 In meetings with business heads of companies to get clients Attending various meetings Reach office checking mails 9:00-11:00 Reached office preparing for first meeting Reached office preparing for first meeting Planning to go to office 8:00-9:00 Entrepreneur Start Up Big Company Time
  9. 9. A day in a.. ctd Preparing presentations and proposal. The day is not over yet. Market research and discussions which may stretch till dinner time Exercising in company gym and gossiping 5:00-7:00 Setting goals and targets for business streams and revenues Looking into new business strategies for existing products Wrapping up the work and leaving for home 3:00-5:00 Looking after the new recruitments, Making various proposals and presentations for next day Relaxing after lunch and checking mails 2:00-3:00 A lunch over a team meeting A lunch over a team meeting A lunch in a cafeteria 1:00-2:00 Entrepreneur Start Up Big Company Time
  10. 10. Working @ Quetzal <ul><li>Maj. (Retd.) Devashish Chakravarty </li></ul><ul><ul><li>13 Years in the Indian Army </li></ul></ul><ul><ul><li>IIM Ahmedabad – Batch of 2007 </li></ul></ul><ul><ul><li>Rejected 1 Crore+ offer from Campus </li></ul></ul><ul><li>Vineeta Singh </li></ul><ul><ul><li>B. Tech ( IIT Madras ) – Batch of 2005 </li></ul></ul><ul><ul><li>IIM Ahmedabad – Batch of 2007 </li></ul></ul><ul><ul><li>Rejected 1 Crore+ offer from Campus </li></ul></ul>
  11. 11. Put your hands up…
  12. 12. There once was a bunch of tiny frogs,... … who arranged a running competition. The goal was to reach the top of a very high tower. The story about the tiny frogs….
  13. 13. Honestly: No one in crowd really believed that the tiny frogs would reach the top of the tower. You heard statements such as: &quot;Oh, WAY too difficult!! They will NEVER make it to the top.&quot; or: &quot;Not a chance that they will succeed. The tower is too high!&quot; The race began...
  14. 14. The tiny frogs began collapsing. One by one... ... Except for those who in a fresh tempo were climbing higher and higher... More tiny frogs got tired and gave up... ...But ONE continued higher and higher and higher... This one wouldn't give up! The crowd continued to yell &quot;It is too difficult!!! No one will make it!&quot;
  15. 15. At the end everyone else had given up climbing the tower. Except for the one tiny frog who after a big effort was the only one who reached the top! It turned out... A contestant asked the tiny frog how the one who succeeded had found the strength to reach the goal? THEN all of the other tiny frogs naturally wanted to know how this one frog managed to do it?
  16. 16. That the winner was DEAF!!!!
  17. 17. NEVER listen to other people's tendencies to be negative or pessimistic... … cause they take your most wonderful dreams and wishes away from you. The ones you have in your heart! The wisdom of this story is: Always think of the power words have. Because everything you hear and read will affect YOUR actions!
  18. 18. Therefore: ALWAYS be… POSITIVE! And above all: Be DEAF when people tell YOU that YOU cannot fulfil YOUR dreams! Always think: I can do this!
  19. 19. <ul><li>Amit Haralalka </li></ul><ul><li>Email: [email_address] </li></ul><ul><li>Cell: +91 98XXXXXXXX </li></ul>Questions? Shrey Sehgal Email: [email_address] Cell: +91 99XXXXXXXX

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