Entrepreneurship Opportunities In India
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Entrepreneurship Opportunities In India

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Talk given by me to students at Sri Venkateshwara College in South Campus in New Delhi. It was the inaugural meet on entrepreneurship conducted by E Cell of the college, I was there courtesy TiE......

Talk given by me to students at Sri Venkateshwara College in South Campus in New Delhi. It was the inaugural meet on entrepreneurship conducted by E Cell of the college, I was there courtesy TiE New Delhi

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Transcript

  • 1. Lt Col Vishal Sharma (Retd)
  • 2. Agenda
    Who is an Entrepreneur?
    Startups v/s Multinational.
    Barriers to Startups in India.
    Why should you start on your own?
    DNA of a Startup Guy
    Starting Up from Ground
    Anatomy of a Business Plan
    Startup Ecosystem available in India
    Funding Options
    Opportunities
    Why do Startups Fail?
    2
  • 3. Who is an Entrepreneur ?
    Wikipedia introduces Entrepreneur as a loanword from the French language that refers to a person who undertakes and operates a new venture, and assumes some accountability for the inherent risks. Being in business or being an entrepreneur is about taking risks and confronting challenges
    3
  • 4. Differences between a Big Company and a Startup Venture
    4
  • 5. Barriers to Startups
    Financing Hurdles
    Lack of seed funds /early stage funds
    Lack Management Education
    Cultural factors
    Lack of status
    Lack of steady income
    Peer Pressure
    Relatives/ Parental pressure
    Easy Life in Multinationals
    Lack of Awareness
    Quality Technical Manpower
    Regulatory Framework
    5
  • 6. Ease of Doing Business Rankings
    Source : http://www.doingbusiness.org/economyrankings/
    6
  • 7. Why would you still do it?
    Become your own boss.
    Be in-charge of your destiny.
    Because you believe in yourself.
    Because you believe in the idea.
    Because you believe that you can change the world.
    (People may think you are crazy)
    7
  • 8. “This telephone has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.”
    Western Union internal memo
    1876
    “I think there is a world market for maybe five computers.”
    Thomas Watson
    Chairman, IBM
    1943
    8
  • 9. DNA of an Entrepreneur
    Risk Taking
    Passionate
    Natural Leader
    Innovative
    Optimistic
    Self confident
    Patient but Persistent
    Willing to slog it out for your dream
    Ethical
    Has a flair for Marketing
    9
  • 10. Do you need an MBA?
    Source : http://hbr.org/2010/01/the-best-performing-ceos-in-the-world/sb1
    If top 4 of 5 CEO in the world don’t need an MBA Degree to run a multi Billion dollar empire, would you need one to start a Business?
    10
  • 11. Starting Out
    Idea
    Business Plan
    Build a Team
    Make the Product / Offer the services
    Sales and Marketing
    Learn and Adapt
    Expansion and Growth
    11
  • 12. Business Plan
    Exec Summary.
    What Product / Service?
    What is the Market Size?
    Advisors / Team?
    Why would your Product / Service sell?
    How will you tell this to the customers?
    How will you make money?
    How will you reach the customers?
    Funding and Financial Projection.
    Use of Funds.
    Timelines.
    Research Data/ Team Resume.
    12
  • 13. Ecosystem
    Incubation Centres
    IIM Ahmedabad
    IIM Bangalore
    IIM Lucknow
    IIM Kozhikode
    IIM Calcutta
    SP Jain Institute of Management and Research
    BITS Pilani
    IIT Kharagpur
    IIT Madras
    TENET – IIT Madras
    IIT Bombay
    IIT Kanpur
    IIT Guwahati
    IIT Delhi
    Nirma Labs
    K.J. Somaiya Institute of Management Studies and Research, Mumbai
    The ICFAI Center for Entrepreneurship Development, Hyderabad
    Mudra Institute of Communications, Ahmedabad (MICA)
    FMS Delhi
    Entreprenership Development Institute of India (EDI), Ahmedabad
    Center for Innovation, Incubation and Entrepreneurship (CIIE), IIM-A
    Wadhwani Center for Entrepreneurial Development, Hyderabad
    JSS Institutions
    NITIE
    Science and Tech Entrepreneurs Park at NIT Trichy
    ICRISAT
    Kongu Engineering College
    Society for Innovation & Development
    Technopark
    Source: http://ecosystem.pluggd.in/index.php/incubators-in-india
    13
  • 14. Funding Options
    Relatives / Friends/Family/ Savings
    Banks Loan / Debt
    Government Funds
    VC’s
    14
  • 15. Opportunities
    15
    Source:
    http://ecosystem.pluggd.in/index.php/indian-startup-directory/
  • 16. Why do Entrepreneurs Fail
    Wrong Motivation
    Poor Management
    No Mentorship and Lack of Experience
    Failure to Change with the Times
    Inadequate Goal-Setting
    16
  • 17. Thanks
    17