Two weeks IR EDP is detailed presentation on sustainable entrepreneurship

1. TWO WEEKS EDP ON SUSTAINABLE
ENTREPRENEURSHIP THROUGH
INCUBATION TO SUPPORT POTENTIAL
ENTERPRENEURS
E D through Innovation and Incubation
Innovation & Technology in Sustainable Entrepreneurship
The Role of Business Plan in Sustainable Business & Steps in the Preparation of Business Plan
Innovation & Entrepreneurship, Cases of Successful Entrepreneurs
Innovative Solutions for the Problems, Conversion of Innovative Solutions in to Good Business Plans
Developing Business Ideas of the Participants via Practical Studies in different Sectors
Reviewing & Developing Innovative Business Ideas of the Participants & Suggestions

3. The Business of business is business – Explain ?
We are experiencing a paradigm shift with tremendous interest and
excitement growing among youngsters to pursue the entrepreneurial
career. The IT boom that began in the 1990s helped break the myth that
entrepreneurship is reserved for people with a certain social background.
Indian entrepreneurial firms, distinct from family businesses, have already
emerged as a force to reckon with in the top 100 companies in India. They
have set benchmarks for productivity, governance and growth strategies
Entrepreneurship Development institutions need to work closely with
R&D, and trade-specific specialized institutions in conducting
Entrepreneurship Development Programmes. The intensity of
collaboration varies with the extent of technology absorption and
adaptation needed for the enterprises.
While pursuing Entrepreneurship Development, it is not enough to
think of only promoting an enterprise. Sustainability and growth over a
period are equally important. Holistic view is to be taken regarding the
promotion of an enterprise.

4. Most important and most neglected resource is….. ???
Human resource.
Employing people
Developing their resources
Utilizing, maintaining, compensating services in tune with the Job &
organizational requirements.
The management of men is a challenging task because of
the dynamic nature of the people.
Management of men is a very important and challenging
job, bcz it is a ‘Job’ not of managing ‘men’ but of
administering a social system.

5. The management of men is a challenging task because of the
dynamic nature of the people.
Money, Material, Machines, Men are important but
…………….is most important in Mgt.
Men/Human resource/employees/workers
No man no Management
………………is important function in management
Planning
Basic /Prime function/First function of Management
No Planning …no Management
Planning and Decision making are the two sides of the same coin.
Fail to plan is equal to planning to fail.
Bridges the gap b/w where we are and where we want to go.
The Same boiling water
softens the potato,
hardens the egg;
what you are made is
important not the
circumstances……

6. Whether you’re writing a plan to explore a new business idea, establishing steps to
start a business, looking to raise money from investors, seeking a loan, or just trying to
run your business better—a solid business plan will help get you there.
Business planning is a continuous process that can help you validate your idea, set
goals, manage, and successfully pitch your business. One of the most helpful things you
can do to build a successful business is to jump in and start planning.
A business plan helps you understand where you want to go with your business and
what it will take to get there. It reduces your overall risk, helps you uncover your
business’s potential, attracts investor, and identify areas for growth. Having a business
plan ultimately makes you more confident as a business owner and more likely to
succeed for a longer period of time.
Determine why you are writing a business plan
Keep things concise
Have someone review your business plan
Use a free business plan template to get started

7. Why should I spend my time making a business plan?”
The reasons why we should invest in planning
Businesses that plan grow 30% faster.
Lenders and investors need business plans
Business plans reduce risk
Starting and running a business is always risky.
A business plan will help you to reduce your risk and help you navigate the future.
BPs helps you make smart spending decisions
Before you make a big spending decision for your business,
you need to know the potential impacts on your finances.
With a business plan, you can easily explore different scenarios

8. How to write a business plan step-by-step
1. Executive summary
The executive summary is an overview of your business and your plans.
a summary of the problem you are solving, a description of your product or service, an
overview of your target market, a brief description of your team, a summary of your
financials, and your funding requirements
2. Products & services
information about the problem that you’re solving, your solution, and how your product or
service fits into the existing competitive landscape.
3. Market analysis
You’ll cover your target market as well as information about the growth of your market and
your industry.
4. Marketing & sales
The marketing and sales plan section of your business plan details how you plan to reach
your target market segments, how you plan on selling to those target markets, what your
pricing plan is, and what types of activities and partnerships you need to make your
business a success.
5. Company organization and management team
Investors look for great teams in addition to great ideas.

9. Financial projections
Last, but not least, is your financial projection. This is
often what entrepreneurs find most daunting, but it doesn’t
have to be as intimidating as it seems. Business
financials for most startups are less complicated than you
think, and a business degree is certainly not required to
build a solid financial forecast. That said, if you need
additional help, there are plenty of tools and resources out
there to help you build a solid financial plan.
A typical financial plan will include:
Sales and revenue projections
Profit and loss statement
cash flow statement.
Balance sheet
Optional sections to include when seeking funding
If you are raising money from investors, you should
include a brief section of your business plan that details
exactly how you plan on using your investors’ cash. This is
typically just called, “Use of Funds.”

10. CrEAativIty

11. Civic Sense
Model Sense

12. Why people run of branded items/goods/articles?
Classmate note book, Parker Pen, Raymond Suit, Raybon Glasses, Reeboock
Shoes, Reliance Mobile, LG Refrigerator, Godrej Almirah, Samsung TV, Bajaj Discovery,
Sunflower / Freedom Oil , Bata chapels, Lenin Cotton, etc.
Quality
What is quality
Something that makes a person or thing different from others.
Quality Control
The system of checking goods, services etc. to make sure the quality is acceptable.
Quality Circles
Quality Circle or QC Circle is a group fo workers who do the same or similar work, who
meet regularly to identify, analyze and solve work related problems. It consists of minimum
three and maximum twelve members in number.
Quality of Work life
QWL describes a person’s broader employment related experience.
Any conscious effort for improving working conditions, work content and its safety, security ,
wages and benefits etc.

13.  Owner -
person to whom something belongs
 Proprietor -
owner of a business
 Promoter -
who raises money for an event (or)
for a new business
 Entrepreneur-
a person who makes money
by starting a new business
(one in which there may be some risk)
Enterprise- a business willingness to take
risk & do things that are difficult (or) new
 Industrialist-
a person who sets up a factory
to produce something
Who is a business man ?

14. Sudheer Nair dropped out of high school at age 16
He has worked as Cargo Service worker to load the goods…
Crrently operating E resource Infotech whose annual turnover is Rs 8.1 crore.
Necessity is the mother of invention,
adversity must be the father of entrepreneurship.
For Sudheer Nair, founder and CEO of E-resource Infotech, adversity brought out the best in him.
He comes from a lower middle-class family, and does not have any ivy-league credentials
attached to his name.
He had to discontinue his education at the age of 16, due to the sudden demise of his father and
the ensuing financial difficulties.
The situation forced him to search for jobs to support his family.
Initially he ended up doing odd jobs, which included that of a helper’s job at Sahar Cargo
Complex, Mumbai. But the enthusiasm he had towards life and the wish to progress, has made
him what he is today.
On a few occasions, documentations were required at the Cargo Complex and that was Nair’s
introduction to the typewriter, eventually transforming him into an expert typist.

15. Next, he took up the job of typing programmes for a programmer and
looking at his ability to learn fast, Nair was given an opportunity to
learn computers.
Gradually, he started generating software codes independently for the
company.
The entrepreneur never enrolled for any formal course in computers,
but says he was extremely lucky and blessed to have met incredibly
talented people in his life and had the privilege to hang out with them.
“I did not know any technical people and had zero guidance when
I started my career. I would ruthlessly read through technical books.
I spent hundreds of hours reading and practicing programmes,” says
Nair while recollecting his days of struggle.
Dr Abdul Kalam started his career as a newspaper boy.
Once you have the determination and will power you always move forward.

16. His entry into the field of ERP was also by chance.
When he started Eresource Infotech in 2006, the ERP market was worth $14 billion and
Sudheer saw enough opportunity in the space.
He says he never had any problem in finding talent, even as a start-up.
Today the company has over 300 clients and about 25,000 users on Eresource ERP.
Eresource currently works with about 80 to 90 channel partners where 8 are affiliate
partners, while the rest are referral partners.
Over the years, E resource has won many prestigious industrial awards, including
the Udyog Rattan Award and Business Excellence Award for the year 2008.
They were also conferred the Business Leadership Award by Institute of Industrial
Development, New Delhi. And the venture has been recently rated by NSIC-CRISIL and
awarded SE 3B.
As for the formal education that he couldn’t complete, the entrepreneur says he reads a lot.
“I am getting myself educated through my experience. And that is the best education you
can ever get,” he sums up.