Entrepreneurship qualities

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Entrepreneurship qualities

Entrepreneurship qualities

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  • 1. Welcome A Warm Welcome to all of you for a discussion on “Entrepreneurship Development” SHANTILAL HAJERI
  • 2. Factors of Production SHANTILAL HAJERI Land Rent Labour Wages Capital Interest Entrepreneur Profit Entrepreneur is a person who knows how to Arrange and use L.L.C. to earn some income which is more than R.W.I
  • 3. Philosophy of an Entrepreneur “Known is a drop but Unknown is an ocean” “Learn, Unlearn and Relearn” SHANTILAL HAJERI
  • 4. ASK ATTITUDE SKILL KNOWLEDGE. These are the 3 attributes that an entrepreneur should possess in right proportion. SHANTILAL HAJERI
  • 5. WISDOM Data Information Knowledge Wisdom The skill to use the knowledge is wisdom. It comes by constant practice and self confidence SHANTILAL HAJERI
  • 6. KNOWLEDGE Vs SKILL SHANTILAL HAJERI SKILL KNOWLEDGE Doing Knowing Needs constant practice Can be acquired instantly One should have self confidence Not necessary Application of knowledge No application Practice makes you perfect Practice not needed Learning by doing Memorising
  • 7. Examples of SKILL. Cycling, Swimming, Fast reading, Writing, Managing, Marketing, Communication, Planning, Coordinating Memorising, Efficiency, Good Handwriting, Inter personal Relation and Entrepreneurship etc SHANTILAL HAJERI
  • 8. Goal Where am I? Where do I want to go? The answers to these two questions determine the road map that you have to follow. Unfortunately today’s youth do not set the goals. SHANTILAL HAJERI
  • 9. Goal Agripreneur: It means you want to become an agri businessman The first question you should ask is “Do I have entrepreneurship characteristics?” SHANTILAL HAJERI
  • 10. Goal is MBA Management institutes are not the placement agencies. They are the producers of Entrepreneurs If your aim is to get placement, it means you want to become “SBA” Servant of Business Administration SHANTILAL HAJERI
  • 11. Need of skills After completing BSE Agri you get a certificate. The certificate may get you a job. Do you get entrepreneurship skills for managing the business? If you can not satisfy your employer can you continue in the job? SHANTILAL HAJERI
  • 12. BSC means? If you do not acquire the entrepreneurship skills required for an agripreneur, BSC means “Banoonga Servant Chakar” Certificate is like a Driving License. If you do not know driving what is the use of driving license? SHANTILAL HAJERI
  • 13. What is the use of degree? A student has done ME Electrical. If there is any electrical problem in his house he calls an electrician who may be 10th fail A student has done ME Automobile. If there is any problem in his vehicle he goes to a mechanic who may be 10th fail. The story is same regarding any other courses. SHANTILAL HAJERI
  • 14. Acquiring Skills is the answer. If you acquire the entrepreneurship skills that are expected from an Agripreneur, then you will never face problem in the long run. Do not chase the success. Be competent, success will chase you SHANTILAL HAJERI
  • 15. Acquiring Skills is the answer. Set your goal. Identify the set of skills that you have to acquire. Do your SWOT analysis. Start practicing right from now. SHANTILAL HAJERI
  • 16. Entrepreneurship competencies Attributes of Attitude SHANTILAL V HAJERI 16 1 ACCOUNTABILITY 2 ACHIEVEMENT MOTIVATION 3 ACTIVE 4 ADAPTABILITY 5 ADVENTUROUS 6 ALERT 7 AMBITIOUS 8 ASSERTIVE 9 AUSTERITY MEASURES 10 BODY LANGUAGE 11 BOLDNESS
  • 17. Entrepreneurship competencies Attributes of Attitude SHANTILAL V HAJERI 17 12 CLARITY OF THOUGHTS 13 COMMITMENT 14 COMMON SENSE 15 COMPETITION FACER 16 CONCENTRATION 17 CONCERN FOR CUSTOMERS 18 CONCERN FOR OTHERS' CONVENIENCES 19 CONCERN FOR PROFIT 20 CONCERN FOR QUALITY 21 CONCERN FOR SAFETY 22 CONSISTENCY 23 CORRECT COMPLEX
  • 18. Entrepreneurship competencies Attributes of Attitude SHANTILAL V HAJERI 18 24 EFFICIENCY 25 ENERGETIC 26 ENTHUSIASM 27 FAILURE MANAGEMENT 28 FIRMNESS 29 FLEXIBILITY 30 FORGIVENESS 31 GOAL SETTING 32 GOOD MANNERS 33 GOOD MORALS 34 HEALTH CONSCIOUSNESS 35 HELP SEEKING 36 HONESTY 37 HUMULITY
  • 19. Entrepreneurship competencies Attributes of Attitude SHANTILAL V HAJERI 19 38 INFORMATION SEEKING 39 INITIATIVE 40 INNOVATION 41 INTEGRITY 42 INTER PERSONAL RELATION 43 INTEREST 44 INVOLVEMENT 45 LONG TERM APPROACH 46 MUTUAL TRUST 47 NATURAL JUSTICE 48 OPTIMISTIC
  • 20. Entrepreneurship competencies Attributes of Attitude SHANTILAL V HAJERI 20 49 PATIENCE 50 PERCEPTION 51 PERSISTENCE 52 POSITIVE THINKING 53 PRACTICAL APPROACH 54 PRESENCE OF MIND 55 PUNCTUALITY 56 QUALITY CONSCIOUS 57 RISK BEARING 58 SELF CONFIDENCE 59 SELF CONTROL 60 SELF DISCIPLINE 61 SELF ESTEEM 62 SELF MOTIVATION 63 SELF RELIANCE 64 SINCERITY
  • 21. Entrepreneurship competencies Attributes of Attitude SHANTILAL V HAJERI 21 65 SOCIAL 66 SPONTANEITY 67 SUCCESS MANAGEMENT 68 TEMPERAMENT 69 TOLERANCE 70 TOUGH 71 VISUALISATION 72 VISION
  • 22. Entrepreneurship competencies Attributes of Skills SHANTILAL V HAJERI 22 1 ABILITY TO JUDGE ABILITY 2 ANALYTICAL SKILLS 3 BUDGETING 4 COMMUNICATION SKILLS 5 COST BENEFIT ANALYSIS 6 DECISION MAKING 7 DELEGATION 8 DRAFTING SKILLS 9 EXPERIENCE 10 FAST READING SKILLS 11 FORECASTING 12 HOUSE KEEPING
  • 23. Entrepreneurship competencies Attributes of Skills SHANTILAL V HAJERI 23 13 IMAGE BUILDING 14 INTER PERSONAL SKILLS 15 LEADERSHIP 16 LEADING BY EXAMPLE 17 LISTENING SKILLS 18 MARKETING SKILLS 19 MEMORY POWER 20 MOTIVATION 21 NEGOTIATION SKILLS 22 PERSUASION 23 PLANNING 24 PRICING SKILL 25 PRIORITISATION 26 PROBLEM SOLVING 27 PUBLIC RELATION 28 PUBLIC SPEAKING SKILLS 29 PUBLICITY
  • 24. Entrepreneurship competencies Attributes of Skills SHANTILAL V HAJERI 24 30 REASONING ABILITY 31 RESOURCE MOBILISATION 32 SEES AND ACTS OPPORTUNITIES 33 SENSE OF HUMOR 34 STAGE COURAGE 35 TEAM SPIRIT 36 TIME MANAGEMENT 37 USE OF INFLUENCE
  • 25. Entrepreneurship competencies Attributes of Knowledge SHANTILAL V HAJERI 25 1 GENERAL KNOWLEDGE 2 KNOWLEDGE OF ACCOUNTS 3 KNOWLEDGE OF COMPETITORS 4 KNOWLEDGE OF COMPUTER 5 KNOWLEDGE OF CURRENT AFFAIRS 6 KNOWLEDGE OF ENGLISH LANGUAGE 7 KNOWLEDGE OF HINDI 8 KNOWLEDGE OF LOCAL LANGUAGE 9 KNOWLEDGE UPDATING 10 QUALIFICATION 11 SWOT ANALYSIS 12 TECHNICAL KNOWLEDGE
  • 26. Resources for acquiring skills Internet News Papers Financial Dailies Magazines and Periodicals Teachers. Friends and Class mates. Relatives. Industrialists. Strangers. Success Stories Biography of successful people SHANTILAL V HAJERI 26
  • 27. Updating knowledge Whatever the students learn during the course is not sufficient to be successful businessmen. The MBA students should cultivate the habit of updating their knowledge. The medicines that a Doctor prescribes are not the ones which he acquired when he did his MBBS. The case laws that an Advocate quotes are not the ones which he has studied while doing his LLB. “Learning is a life ling process”. SHANTILAL HAJERI
  • 28. Entrepreneurs do not fightEntrepreneurs do not fight SHANTILAL HAJERI
  • 29. Entrepreneurs Co-operate SHANTILAL HAJERI
  • 30. SHANTILAL HAJERI Successful entrepreneursSuccessful entrepreneurs Bill Gates – Microsoft Warren Buffet – Berkshire Hathaway Laxami Mittal – Arsenal Mittal
  • 31. Modern Entrepreneur SHANTILAL HAJERI
  • 32. Modern Entrepreneur SHANTILAL HAJERI
  • 33. Modern Entrepreneur SHANTILAL HAJERI
  • 34. Modern Entrepreneur SHANTILAL HAJERI
  • 35. Modern Entrepreneur SHANTILAL HAJERI
  • 36. Modern Entrepreneur SHANTILAL HAJERI
  • 37. Modern Entrepreneur SHANTILAL HAJERI
  • 38. Modern Entrepreneur SHANTILAL HAJERI
  • 39. Modern Entrepreneur SHANTILAL HAJERI
  • 40. Modern Entrepreneur SHANTILAL HAJERI
  • 41. Modern Entrepreneur SHANTILAL HAJERI
  • 42. Modern Entrepreneur SHANTILAL HAJERI
  • 43. TYPES OF MANAGERS. A) RULE ORIENTED VS. PEOPLE ORIENTED 100 0 A)RULE ORIENTED B) BALANCED C) PEOPLE ORIENTED SHANTILAL HAJERI
  • 44. TYPES OF MANAGERS. B) RULE ORIENTED VS. RESULT ORIENTED. 9 X(9,1) X(9,9) 8 7 6 5 X 4 (5,5) 3 2 1 X(1,1) X (1,9) 0 0 1 2 3 4 5 6 7 8 9 RESULT ORIENTED SHANTILAL HAJERI
  • 45. ENJOY YOUR WORK   I DID FLY HIGH IN THE SKY NOT TO KEEP THE RECORD OF MY FLYING, BUT BECAUSE I ENJOYED FLYING. SHANTILAL HAJERI
  • 46. Be Extra Ordinary ORDINARY + EXTRA= EXTRA ORDINARY THE DIFFERENCE BETWEEN ORDINARY AND EXTRA ORDINARY IS EXTRA. “The Best Way to Work in an Organisation, is to Work as if it is your own.” SHANTILAL HAJERI
  • 47. Do not expect spoon feeding     SHANTILAL HAJERI
  • 48. Entrepreneurs are born to lead SHANTILAL HAJERI
  • 49. If you think you are lion then you are lion SHANTILAL HAJERI
  • 50. Do not be affected by Criticism SHANTILAL HAJERI
  • 51. Putting on the Armor Putting on the Armor Change 3 Things!
  • 52. This is going to be a wonderful day! This is going to be a gloomy day! Manage Your Self-Talk If you think you Can, or you think you Can’t…YOU’RE RIGHT! Henry Ford THINKINGTHINKING
  • 53. I am responsible for . who I am what I have what I do ATTITUDE ATTITUDE ATTITUDE ATTITUDE Accept Responsibility
  • 54. Take Risk Risk is the possibility of not getting what you expect. An entrepreneur should take calculated risk. After all Profit is the reward for taking risk. Not taking risk is the biggest risk. SHANTILAL HAJERI
  • 55. LEARNING YOU LEARN A LOT BY SEEING, LOOKING, WATCHING, LISTENING AND OBSERVING. KEEP YOUR EARS & EYES OPEN. SHANTILAL HAJERI
  • 56. PRISONERS’ DILEMMA  IF “X” GIVES EVIDENCE “X” WILL BE RELEASED “Y” WILL BE JAILED IF “Y” GIVES EVIDENCE “Y” WILL BE RELEASED “X” WILL BE JAILED IF BOTH GIVE EVIDENCE BOTH WILL BE JAILED IF BOTH DON’T GIVE EVIDENCE BOTH WILL BE RELEASED SHANTILAL HAJERI
  • 57. W.A.T.C.H.   WATCH YOUR THOUGHTS BECAUSE THEY BECOME YOUR WORDS. WATCH YOUR WORDS BECAUSE THEY BECOME YOUR ACTIONS. WATCH YOUR ACTIONS BECAUSE THEY BECOME YOUR HABITS. WATCH YOUR HABITS BECAUSE THEY BECOME YOUR CHARACTER SHANTILAL HAJERI
  • 58. W.A.T.C.H. •WATCH YOUR WORDS •WATCH YOUR ACTION •WATCH YOUR THOUGHTS •WATCH YOUR CHARACTER. •WATCH YOUR HABITS SHANTILAL HAJERI
  • 59. GIGO Vs. BIBO   GIGO= GARBAGE IN GARBAGE OUT. GOOD IDEAS IN GOOD IDEAS OUT BAD IDEAS IN BAD IDEAS OUT. THE QUALITY OF LIFE IS DIRECTLY PROPORTIONAL TO THE QUALITY OF THOUGHTS SHANTILAL HAJERI
  • 60. PRIORITISATION 1. IMPORTANT AND URGENT 2. IMPORTANT BUT NOT URGENT. 3. NOT IMPORTANT BUT URGENT. 4. NOT IMPORTANT AND NOT URGENT. 1. DO IT NOW 2. PLAN FOR IT 3. DELEGATE 4. FORGET SHANTILAL HAJERI
  • 61. NEGOTIATION SKILLS. 1. I WIN YOU WIN 2. I LOSE YOU WIN 3. I WIN YOU LOSE 4. I LOSE YOU LOSE To be successful in life one should aim for Win-Win situation. SHANTILAL HAJERI
  • 62. ATTITUDE. 1. I AM OK YOU ARE O.K. 2. I AM O.K. YOU ARE NOT O.K. 3. I AM NOT O.K. YOU ARE O.K. 4. I AM NOT O.K. YOU ARE NOT O.K. Aim for I am OK You are OK SHANTILAL HAJERI
  • 63. PLANNING AND ACTION. 1. PLANS AND ACTS. 2. ACTS BUT DOES NOT PLAN 3. PLANS BUT DOES NOT ACT 4. DOES NOT PLAN AND DOES NOT ACT PLANNING WITHOUT ACTION IS A DAY DREAM. ACTION WITHOUT PLANNING IS A BAD DREAM. NO BODY PLANS TO FAIL ONLY THEY FAIL TO PLAN SHANTILAL HAJERI
  • 64. WORDS AND DEEDS 1 ACTS BUT DOES NOT SPEAK 2 SPEAKS AND ACTS 3 SPEAKS BUT DOES NOT ACT 4 DOES NOT SPEAK AND DOES NOT ACT DO WHAT YOU SAY SAY WHAT YOU DO. SHANTILAL HAJERI
  • 65. WHO IS A SUCCESSFUL MANAGER? 1.CAN DO HIS WORK CAN GET WORK DONE. 2.CAN’T DO HIS WORK, CAN GET WORK DONE. 3.CAN DO HIS WORK CAN’T GET WORK DONE. 4.CAN’T DO HIS WORK, CAN’T GET WORK DONE. Mast, Chust, Vyast, Sust SHANTILAL HAJERI
  • 66. HOPE  HOPE FOR THE BEST BUT PREPARE FOR THE WORST. WINNER NEVER QUITS AND QUITTER NEVER WINS A WINNER BECOMES SUKHIRAM AND A QUITTER BECOMES DUKHIRAM. DESRVE BEFORE YOU DESIRE SHANTILAL HAJERI
  • 67. KFP Vs BFP   K.F.P.= KYA FARAK PADTA? B.F.P. = BAHUT FARAK PADRA. ON SILLY MATTERS WE SHOULD ADOPT KFP POLICY ON IMPORTANT MATTERS WE SHOULD ADOPT BFP POLICY. SHUN “CHALTA HAI” ATTITUDE. SHANTILAL HAJERI
  • 68. YOU ARE THE ARCHITECT OF YOUR OWN LIFE.  YOU ALONE ARE RESPONSIBLE FOR YOUR SUCCESS OR FAILURE. DON’T BLAME OTHERS FOR YOUR FAILURES. INTROSPECT IF YOU DECIDE TO BE HAPPY NO POWER ON EARTH CAN MAKE YOU UNHAPPY. LIFE IS WHAT YOU MAKE OF IT.  Do not compare SHANTILAL HAJERI
  • 69. PROBLEM SOLVING  EVERY PROBLEM HAS A SOLUTION, IT IS YOUR RESPONSIBILITY TO FIND IT. IF THERE IS NO SOLUTION THEN IT IS NOT A PROBLEM, IT IS A FACT. EVERY PROBLEM IS ABSENCE OF IDEAS. SAY “ I WILL TRY” . DEVELOP YOUR POWER OF IMAGINATION & INNOVATION. SHANTILAL HAJERI
  • 70. Efficiency Vs Effectiveness Efficiency Maximise the output and minimize the input. Quantity and Quality of output Up Cost of input Down Efficiency: Student is good at studies Effectiveness: He scores good marks. Efficiency is intrinsic Effectiveness:: Judged by others. Being efficient is one thing, looking efficient is another. People who look efficient become more successful than those who are efficient. You are not what you are but what others think you to be. SHANTILAL V HAJERI 70
  • 71. Efficiency Vs Effectiveness Effectiveness = Efficiency X Results. Efficiency : Doing things rightly Effectiveness : Doing Right things rightly at right time. There are four groups of people involved in an organization. Viz. Owners, Employees, Creditors and customers. A catalyst entrepreneur aims at satisfying all the people SHANTILAL V HAJERI 71
  • 72. Learn from Experience    An Entrepreneur has to learn from his experience. He has to study the performance and analyse the causes and mistakes committed. Avoid those mistakes in future. Learn from your mistake. Learning by doing method. Experience is what you get when you do not get what you want. There is no substitute for experience. Remember! You are the architect of your success SHANTILAL HAJERI
  • 73. Framing policies 1. Frame policies for purchasing of RM, Storing and issuing of RM, manufacturing process, marketing etc. 2. Prescribe procedure for implementing these policies. 3. Have a system of inspection/surprise checks to find whether the procedure is followed. 4. Have a system of rectifying the irregularities pointed in inspection reports. 5. Have a system of rewards for good performers and punishment for inefficient employees. 6. Review the policy once in a year and make the necessary amendments. 7. Institute a performance trophy for the employees. 8. Give weightage in performance appraisal. 9. Train the staff once in a year SHANTILAL HAJERI
  • 74. ENTREPRENEUR E: Enthusiastic N: Negotiation Skill T: Tactful R: Realistic E: Energetic P: Passionate R: Risk Taker E: Experimenter N: Net-worker E: Efficient U: Uncertainty Bearer R: Resource Mobiliser SHANTILAL HAJERI
  • 75. All is Well Happiness lies along the road and not at the end of the journey. Entrepreneurship is a Journey not a destination. “Wish you success in your Entrepreneural Journey.” SHANTILAL HAJERI