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 New ...

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 Entrepreneurship Opportunities In India Presentation Transcript

    • Lt Col Vishal Sharma (Retd)
    • 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
    • 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
    • Differences between a Big Company and a Startup Venture
      4
    • 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
    • Ease of Doing Business Rankings
      Source : http://www.doingbusiness.org/economyrankings/
      6
    • 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
    • “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
    • 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
    • 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
    • Starting Out
      Idea
      Business Plan
      Build a Team
      Make the Product / Offer the services
      Sales and Marketing
      Learn and Adapt
      Expansion and Growth
      11
    • 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
    • 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
    • Funding Options
      Relatives / Friends/Family/ Savings
      Banks Loan / Debt
      Government Funds
      VC’s
      14
    • Opportunities
      15
      Source:
      http://ecosystem.pluggd.in/index.php/indian-startup-directory/
    • Why do Entrepreneurs Fail
      Wrong Motivation
      Poor Management
      No Mentorship and Lack of Experience
      Failure to Change with the Times
      Inadequate Goal-Setting
      16
    • Thanks
      17