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 New Delhi

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Entrepreneurship Opportunities In India

  1. 1. Lt Col Vishal Sharma (Retd)<br />
  2. 2. Agenda<br />Who is an Entrepreneur?<br />Startups v/s Multinational.<br />Barriers to Startups in India.<br />Why should you start on your own?<br />DNA of a Startup Guy<br />Starting Up from Ground<br />Anatomy of a Business Plan<br />Startup Ecosystem available in India<br />Funding Options<br />Opportunities<br />Why do Startups Fail?<br />2<br />
  3. 3. Who is an Entrepreneur ?<br />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<br />3<br />
  4. 4. Differences between a Big Company and a Startup Venture<br />4<br />
  5. 5. Barriers to Startups<br />Financing Hurdles<br />Lack of seed funds /early stage funds<br />Lack Management Education<br />Cultural factors<br />Lack of status<br />Lack of steady income<br />Peer Pressure<br />Relatives/ Parental pressure<br />Easy Life in Multinationals<br />Lack of Awareness<br />Quality Technical Manpower<br />Regulatory Framework<br />5<br />
  6. 6. Ease of Doing Business Rankings<br />Source : http://www.doingbusiness.org/economyrankings/<br />6<br />
  7. 7. Why would you still do it?<br />Become your own boss. <br />Be in-charge of your destiny.<br />Because you believe in yourself.<br />Because you believe in the idea.<br />Because you believe that you can change the world.<br /> (People may think you are crazy)<br />7<br />
  8. 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.”<br /> Western Union internal memo<br /> 1876<br />“I think there is a world market for maybe five computers.”<br /> Thomas Watson<br /> Chairman, IBM<br /> 1943<br />8<br />
  9. 9. DNA of an Entrepreneur<br />Risk Taking<br />Passionate<br />Natural Leader <br />Innovative<br />Optimistic<br />Self confident<br />Patient but Persistent<br />Willing to slog it out for your dream<br />Ethical<br />Has a flair for Marketing<br />9<br />
  10. 10. Do you need an MBA?<br />Source : http://hbr.org/2010/01/the-best-performing-ceos-in-the-world/sb1<br />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?<br />10<br />
  11. 11. Starting Out<br />Idea<br />Business Plan <br />Build a Team<br />Make the Product / Offer the services<br />Sales and Marketing<br />Learn and Adapt<br />Expansion and Growth<br />11<br />
  12. 12. Business Plan<br />Exec Summary.<br />What Product / Service?<br />What is the Market Size?<br />Advisors / Team?<br />Why would your Product / Service sell?<br />How will you tell this to the customers?<br />How will you make money?<br />How will you reach the customers?<br />Funding and Financial Projection.<br />Use of Funds.<br />Timelines.<br />Research Data/ Team Resume.<br />12<br />
  13. 13. Ecosystem<br />Incubation Centres<br />IIM Ahmedabad<br />IIM Bangalore<br />IIM Lucknow<br />IIM Kozhikode<br />IIM Calcutta<br />SP Jain Institute of Management and Research<br />BITS Pilani<br />IIT Kharagpur<br />IIT Madras<br />TENET – IIT Madras<br />IIT Bombay<br />IIT Kanpur<br />IIT Guwahati<br />IIT Delhi<br />Nirma Labs<br />K.J. Somaiya Institute of Management Studies and Research, Mumbai<br />The ICFAI Center for Entrepreneurship Development, Hyderabad<br />Mudra Institute of Communications, Ahmedabad (MICA)<br />FMS Delhi<br />Entreprenership Development Institute of India (EDI), Ahmedabad<br />Center for Innovation, Incubation and Entrepreneurship (CIIE), IIM-A<br />Wadhwani Center for Entrepreneurial Development, Hyderabad<br />JSS Institutions<br />NITIE<br />Science and Tech Entrepreneurs Park at NIT Trichy<br />ICRISAT<br />Kongu Engineering College<br />Society for Innovation & Development<br />Technopark<br />Source: http://ecosystem.pluggd.in/index.php/incubators-in-india<br />13<br />
  14. 14. Funding Options<br />Relatives / Friends/Family/ Savings<br />Banks Loan / Debt<br />Government Funds<br />VC’s<br />14<br />
  15. 15. Opportunities<br />15<br />Source:<br />http://ecosystem.pluggd.in/index.php/indian-startup-directory/<br />
  16. 16. Why do Entrepreneurs Fail<br />Wrong Motivation<br />Poor Management<br />No Mentorship and Lack of Experience<br />Failure to Change with the Times<br />Inadequate Goal-Setting<br />16<br />
  17. 17. Thanks<br />17<br />
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