Entrepreneurship Scenario Oct 2013 (TiE Chennai & MaFoi Connecting Dots)
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Entrepreneurship Scenario Oct 2013 (TiE Chennai & MaFoi Connecting Dots)

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Entrepreneurs and Entrepreneurship are great subjects of study and analysis due to the plethora of situations that they encounter and conquer. The resilience of an Entrepreneur is tested during every ...

Entrepreneurs and Entrepreneurship are great subjects of study and analysis due to the plethora of situations that they encounter and conquer. The resilience of an Entrepreneur is tested during every slow phase of a market and how they emerge on the other side of the challenge is what makes or breaks them. This research conducted by TiE Chennai and Mafoi Connecting Dots that highlights the current entrepreneurship scenario in Tamil Nadu.

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    Entrepreneurship Scenario Oct 2013 (TiE Chennai & MaFoi Connecting Dots) Entrepreneurship Scenario Oct 2013 (TiE Chennai & MaFoi Connecting Dots) Presentation Transcript

    • TIE Chennai – MA FOI Connecting Dots Entrepreneur’s Survey
    • Indian MSME scenario
    • Objectives There are over 6000 products ranging from traditional to high-tech items, which are being manufactured by the MSME sector in addition to provide wide range of services. The leading industries with their respective shares are as depicted on the right side. *MSME Annual Report 2012-2013(GOI)
    • MSME – TAMIL NADU Total no. of units upto Feb 28.02.2013 : 83348 Total no.of. Employment : 583436 (5.83L) According to the Fourth All India Census of MSMEs (2006-07), Tamil Nadu accounts for 14.95 per cent of the total number of operational MSMEs in India. Also, 15.24 per cent of India's micro enterprises are located in the state (the highest among all states), while 9.6 per cent of India's small enterprises (third highest among states) and 9.21 per cent of the country's medium enterprises (second highest) are located in Tamil Nadu.
    • TIE – MA FOI Connecting Dots Survey
    • the spirit of Entrepreneurship Objective of the Survey focusing on MSME is to Understand ::::::::::::::> the barriers for start-ups the risk taking ability the main challenges faced by SME Entrepreneurs the expectations from Industrial Associations
    • TIE and Non-TIE Members :  Reached out to Entrepreneurs through online questionnaire .  Insights from MA FOI connecting dots clients and assignments Methodology
    • Industry Sector Profile of Respondents Years in Business Turnover • Manufacturing - 20% • IT & ITES - 30% • Services (car rental, restaurant, etc.,) – 20% • Others (Consultancy,legal,etc.,)– 30% • Between 0-5 years - 62% • Between 6-10 years - 18% • More than 10 years- 20% • • • • • Micro - 20% Small - 45% Medium - 4% Large enterprises - 10% Others -21%
    • Start ups Sustainability
    • Start Ups – Main Barriers
    • Major Issues – Current Situation
    • Personal traits
    • Do you consider yourself a risk taker? Appetite for Risk I enjoy taking risk, even if the chance of success is not measurable 28.6% I only take moderate and measurable risks 40.8% I always make careful calculations and prepare all possible back-ups to minimize the risks 28.6%
    • Support from Industrial Associations like TIE
    • Key Findings Key Findings • - The single largest barrier encountered by Entrepreneurs is the challenge of winning the initial Trust and Credibility around their ventures and visions from stakeholders. • - In the short-term, ensuring stability scores more importance than registering growth. • - Talent retention is the highest among current priorities of most businesses. ( Branding among stakeholders – esp. Investors and Candidates) • - 50% of the businesses see a slow market as an opportunity and have created products and services that adapt to a downturn BUT have challenges to market the same successfully. • - All businesses are optimistic about the short-term prospects of increased demands and higher profit margins. • - Majority agree that VISION is the single most important value for Entrepreneurs to become successful.
    • Major Challenges for MSME Absence of adequate and timely banking finance Major Challenges Constraints on modernisation & expansions Identification of new markets Ineffective marketing strategy Limited capital and knowledge Non-availability of suitable technology Low production capacity
    • As we observe from the study and its findings, Entrepreneurs are primarily driven by their Vision and hold a common optimism over the current market situation as well as the long-term prospects for their ventures. Conclusion The largest challenge is to sustain and grow, and in this perspective we observe Entrepreneurs facing hard-walls in transforming their optimism to reality. .
    • THANK YOU TIE CHENNAI – MA FOI CONNECTING DOTS