The document discusses four rules for starting a successful venture: 1. Stay unique - develop a vision, mission, and objectives that differentiate your venture. 2. Declare good rewards - motivate your team with rewards like learning opportunities, networking, and startup funding. 3. Trust your team with freedom - a well-thought out team works best when members can freely connect and celebrate ideas through collaboration. 4. Always have well-defined check-points - use measurable goals and timelines to monitor progress and keep the team motivated.

1. www. cel -bits.org

2. C enter for E ntrepreneurial L eadership www. cel -bits.org

3. CEL Ray series A Presentation by Amruth BR (’04B5) Co-Founder www. vita beans.com start starting a venture www. cel -bits.org

4. i dea 1 www. cel -bits.org

5. i deas … come cheap

6. It’s the one that stands apart … that makes a difference

8. and being Different makes you valuable

9. Rule 1: Stay unique www. cel -bits.org

10. Rule 1: Stay unique Vision Mission Long term objectives Short term objectives Goals www. cel -bits.org

11. Rule 1: Stay unique Innovate Sell Lead on their own www. cel -bits.org

12. a c tion 2 www. cel -bits.org

13. Everyone likes to get noticed

14. When there is a reward!

15. Correction!

16. When there is a noticeable reward!

17. What you make the team want

18. Decides what you Grow into

19. Rule 2: Declare good Rewards www. cel -bits.org

20. Rule 2: Declare good Rewards work commitment enthusiasm interest www. cel -bits.org

21. Rule 2: Declare good Rewards Learning Network Freedom Startup Cushion www. cel -bits.org

22. te a m www. cel -bits.org 3

23. A well thought off team

24. Is no good if it cant…

25. Connect together to an idea!

26. It s OK to start with pals

27. It s OK to celebrate

28. Some of the best ideas… Because…

29. … come out in All Night Canteens!

30. … and …

31. And its OK to make mistakes When you TRUST them to learn

32. Is NOT ‘ Coz a team… … just a workforce

33. Rule 3: Trust your team with Freedom www. cel -bits.org

34. Rule 3: Trust your team with Freedom Trust Trust Trust Trust Trust Trust www. cel -bits.org

35. Fra m ework www. cel -bits.org 4

36. We are Lazy

37. easily distracted

38. we love alarms! (atleast secretly)

39. ..and we need triggers to turn on the alarm … measurable goals & timelines

40. … so that we know Hurray! We Made it… If we are there…

41. … so that we know Oh My God! I Missed it… … or not quite!

42. … and we like to frame them together

43. ‘ Coz they are our little red cherries!

44. Rule 4: Always have well-defined check-points

45. Rule 5:

46. Thank You Center for Entrepreneurial Leadership BITS Pilani 5 www. cel- bits.org