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Decoding Entrepreneurship

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Decoding Entrepreneurship

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Strategies to Become a Successful Entrepreneur.
Start with the Why. Create a Business Plan. Find the Right Market Fit. Choose Your Team Wisely. Set Smart Goals. Use OKRs and more...

E N T R E P R E N E U R S H I P
is living a few years of your life, like most people won't,
so that you can spend the rest of your life like most people can't

Entrepreneurship is a marathon; not a Sprint!

Strategies to Become a Successful Entrepreneur.
Start with the Why. Create a Business Plan. Find the Right Market Fit. Choose Your Team Wisely. Set Smart Goals. Use OKRs and more...

E N T R E P R E N E U R S H I P
is living a few years of your life, like most people won't,
so that you can spend the rest of your life like most people can't

Entrepreneurship is a marathon; not a Sprint!

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Decoding Entrepreneurship

  1. 1. Force Intellect Decoding Entrepreneurship Mauly Chandra Founder & Director, Force Intellect www.forceintellect.com
  2. 2. E N T R E P R E N E U R S H I P is living a few years of your life, like most people won't, so that you can spend the rest of your life, like most people can't www.forceintellect.com
  3. 3. How Do You Do What You Do? Your Processes, Functions Your Unique Selling Proposition Start with the Why? - Simon Sinek www.forceintellect.com WHY? HOW? WHAT? Why You Do What You Do? Your Purpose, Your Cause, Your Motivation, Your Belief What Do You Do? Your Products / Services
  4. 4. Business Planning - Business Model Canvas www.forceintellect.com Key Partners Key Activities Value Propositions Customer Relationships Customer Segments Key Resources Channels Cost Structure Revenue Sreams
  5. 5. Teaming Up for Success www.forceintellect.com Image Courtesy - https://foundr.com/founding-team Essential Skills of an Entreprenuer Match Key Skills & Key Resources Available Leadership Audit Visualizer Hacker Hustler Hunter Farmer Build Your A Team Right Hiring Define Roles Set Goals Communicate Reward & Recognize See Big Picutre Identify People Build Teams Inspire Teams Right Resource for Right Role Human Resource or Human Capital Maximize Potential Training Certification You are only as good as your Team Choose your Team wisely
  6. 6. Set Smart Goals Neither Too Difficult Nor Too Easy Importance of Goal Setting www.forceintellect.com
  7. 7. Ambititious Qualitative Time Bound Actionable by Team Measurable & Quantifiable Make Objective Achievable Lead to Obejective Grading Difficult Not Impossible Best practice of setting & communicating company, team & employee objectives and measuring their progress based on achieved results 70% 3 Objectives at Any Time 3 Key Results per Objective Set Quarterly Goals Reviewed Monthly or Weekly Make OKRs Known to all Employees www.forceintellect.com Objectives & Key Results (OKR)
  8. 8. Formulating Success www.forceintellect.com Finding The Right Market FIt Unit Economics Repeatable Formula
  9. 9. Importance of having a good Mentor www.forceintellect.com Guide You in the Right Direction Opportunity to Access Mentors' Network Knowledge & Experience Beyond Books Higher Probability of Achieving Success in Business Ways to Survive & Grow even in Tough Times Support & Reassurance you can overcome initial difficulties
  10. 10. Complete freedom and control Slow growth Not for every business Better funded competitor may go ahead of you Less control Faster Growth Changes for extra credibility Be ready for 10X growth BootStrapping vs Fundraising www.forceintellect.com Start and Grow Business with your own money, and your savings Bootstrapping Fundraising Borrowing Funds from Investors by giving Equity Stake
  11. 11. Scaling Up Your Business www.forceintellect.com Does your business have the capacity to grow? Will your business systems, infrastructure and team be able to accommodate growth? 0.9 X 0.9 X 0.9  = 0.729 1 X 1 X 0 = 0 1 X 1 X 1 = 1 Scalability is about capacity and capability
  12. 12. Facing Adversities www.forceintellect.com Accept Adversity as Normal rather than exception Maintain Positive Attitude Learn from Mistakes Build Relationships with others, Communicate Surround Yourself with Smarter People Prioritize your health. Strike balance in work life activities Refocus on your strengths Just Hang On
  13. 13. www.forceintellect.com Entrepreneurship is a marathon; not a Sprint!
  14. 14. T O B E S U C C E S S F U L , have your heart in your business, and your business in your heart www.forceintellect.com
  15. 15. Thank You www.forceintellect.com Mauly Chandra mauly.chandra@forceintellect.com +91-99935-33344
  16. 16. 7 Years in Operation 2500+ Active Users Domain Expertise 500+  Busines Functions 70+ Satisfied Clients We design & develop ERP Software, e-Procurement Solution, specifically for Manufacturing Industries Who we are, What we Do 200+ Successful Projects 11 www.forceintellect.com
  17. 17. Adding Value, Enabling Growth of Manufacturing Industries, to Help them become efficient, productive & agile with ERP Software, e-Procurement Software Our Mission Enable Automation & Digitization in Manufacturing Industries. Provide innovative ERP software solutions and partner in the transformation and growth of Manufacturing Industries Our Vision Thought Process of Force Intellect www.forceintellect.com
  18. 18. Software Development using ASP.Net, VB.Net, C#, SQL Server, MVC, Angular, Winforms End to End ERP Software Business Intelligence Tools Mobile Apps Spectrum ERP Software Integral part of Spectrum ERP Standalone Solution Saves 3x Procurement Time e-Procurement Solution Force Intellect Product offerings www.forceintellect.com

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