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Entrepreneurial competence
This document provides information about an entrepreneurship development program organized by SPARC Consultants Pvt Ltd. The 5 module program aims to motivate students to become dynamic entrepreneurs. It covers topics like entrepreneurial competence, entrepreneurial environment, business plan preparation, launching a small business, and managing a small business. The program will be delivered through lectures, group activities, product presentations and feedback sessions. The schedule provides the topic details across 15 sessions to be delivered on weekends or weekdays. The goal is to benefit students by imparting the experiences of the organizers and expanding their knowledge beyond business schools.
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Entrepreneurial competence
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- 4. SPARC BRINGS YOUTHE OUT SIDE WORLD TO YOUR CLASS ROOM SPARC CONSULTANTS PVT LIMITED TODAY THE WORLD ECONOMY OFFERS EXCELLENT OPPORTUNITIES FOR CREATION OF WEALTH. WE HAVE THE URGE TO MAKE YOU ALL SUCCESSFUL ENTREPRENEURS FOR CREATION OF WEALTH NOT ONLY FOR YOUR SELF BUT ALSO FOR THE NATION IN THIS CONTEXT WE ARE COMING UP WITH A SPECIAL COURSE BEING DESIGNED FOR YOU TO BENEFIT FROM OUR EXPERIENCE AND EXTEND YOUR KNOWLEDGE BEYOND WHAT YOU LEARN IN BUSINESS SCHOOLS TO MOTIVATE YOU TO BE DYNAMIC ENTREPRENEURS- ENTREPRENURAL DEVELOPMENT PROGRAMME
- 5. GENESIS OF SPARC Threeexperienced corporate managers with diverse industry exposure of four decades and an express desire to disseminate their knowledge and skills led to the formation of SPARC CONSULTANTS PVT LTD.
- 6. SPARC SERVICES ENTRPRENEURSHIP DEVELOPMENT PROGRAMMES JNTU BUSINESSSCHOOLS ENGINEERING COLLEGES MENTORING YOUNG ENTREPRENEURS CONSULTANCY
- 7. INNOVATION & ENTREPRENEURSHIP DEVELOPMENTPROGRAM • MODULE 1 Entrepreneurial Competence Entrepreneurship concept – Entrepreneurship as a Career – Entrepreneurial Personality - Characteristics of Successful, Entrepreneur – Knowledge and Skills of Entrepreneur. • MODULE 2 Entrepreneurial Environment Business Environment - Role of Family and Society - Entrepreneurship Development Training and Other Support Organisational Services - Central and State Government Industrial Policies and Regulations - International Business. • MODULE 3 Business Plan Preparation Sources of Product for Business - Prefeasibility Study - Criteria for Selection of Product - Ownership - Capital - Budgeting Project Profile Preparation - Matching Entrepreneur with the Project - Feasibility Report Preparation and Evaluation Criteria. • MODULE 4 Launching Of Small Business Finance and Human Resource Mobilization Operations Planning - Market and Channel Selection - Growth Strategies - Product Launching – Incubation, Venture capital, IT startups. • MODULE 5 Management Of Small Business Monitoring and Evaluation of Business - Preventing Sickness and Rehabilitation of Business Units- Effective Management of small Business.
- 8. TIME TABLE 1 DATE/DAYSECTION A TIME 10.00-11.20 11.20-13.00 1 6-2-2015 Entrepreneurship concept - Entrepreneurship as a Career KP Entrepreneurial Personality - Characteristics of Successful, Entrepreneur - Knowledge and Skills of Entrepreneur. AS 2 7-2-2015 Business Environment - Role of Family and Society AS Attitude survey for Entrepreneurship Central and State Government Industrial Policies and Regulations - International Business. KP 3 13-2-2015 Entrepreneurship Development Training and Other Support Organisational Services AS 1. Prefeasibility Study - Criteria for Selection of Product - KP 4 14-2-2015 1. Sources of Product for Business AS 1. Groups formation, Idea feasibility studies-Introduction Feasibility Report Preparation and Evaluation Criteria. AS 5 20-2-2015 Product presentation work shops Product presentation work shops 6 21-2-2015 Analysis of Attitude survey Product feed back, 7 27-2-2015 Ownership - Capital - Budgeting Project Profile Preparation –AS Matching Entrepreneur with the Project –KP
- 9. TIME TABLE 2 DATE/DAYSECTION A TIME 10.00-11.20 11.20-13.00 8 28-2-2015 Financial feasibility template Marketing feasibility template 9 9-3-2015 Review of Financial Feasibility Review of Marketing feasibility . 10 10-3-2015 Business Plans PRESENTATION Business Plans PRESENTATION 11 15-3-2015 Monitoring and Evaluation of Business Preventing Sickness and Rehabilitation of Business Units-AS 12 16-3-2015 1. Finance AS 2. Human Resource Mobilization AS 3. 1. Market and Channel Selection –KP 13 22-3-2015 1. Product Launching – KP 2. 1. Incubation, Venture capital, IT startups. AS 14 23-3-2015 1. Operations Planning –AS 2. 1. Growth Strategies – KP 15 29-3-2015 Feed back and closing session
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- 11. ORIGIN - ENTREPRENEUR •The word entrepreneur is derived from the French word “Entrepreneur” which means to undertake. • The webster dictionary explains the term entrepreneur is applicable to one who organizes manages and assumes the risks of a business or a enterprise.
- 12. ENTREPRENEUR Entrepreneur is aperson who discovers new ideas and business opportunities , brings together funds to establish a business, organizes and manages its operations in order to provide economic goods and services for the public. Entrepreneurs have strong convictions and self motivation. They will to grow and prosper tremendously . Although they take the risk to go bankrupt if they fail in their venture, in majority of cases , they start with nothing and end with positive results.
- 13. GUIDELINES • KNOW YOURBLOOD GROUP-WHY BUSINESS • MUHURTHAM-WHEN TO START • WAY TO IDEA BANK • START WITH WHAT YOU HAVE --BYE- BYE PHOBIAS • BUSINESS PLAN • ADOPT VALUES FROM THE BEGINNING • SOCIAL RESPONSIBILITY A FOUNDATION FOR BUSINESS • HELP AT HAND ANY TIME SPARC CONSULTANTS PVT LIMITED
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- 15. WHY TO STARTBUSINESS • Independent Identity • You can Prove your Talent • Implement your Own Plans/Ideas as you wish • Can be Innovative, • Satisfy urge to lead • Gain popularity • 10 families will be benefitted • Not Answerable to Boss
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- 18. MORAL AFTER THREE YEARSIF WE COMPARE THE ASSET VALUE , THE EMPLOYEE’S JOB HAS ZERO ASSET VALUE. THINK ABOUT IT. DOES AN EMPLOYEE OWN THEIR OFFICE OR WORK STATION?SOME ONE ELSE OWNS IT- THE BUSINESS OWNER
- 19. SOME MYTHS ABOUTWHY BUSINESS I WILL EARN A LOT OF MONEY 1. EARNING MONEY IS JUST A MILE STONE IN A LEGITIMATE BUSINESS. CREATION OF WEALTH IS THE GOAL. 2. IF MONEY IS THE ONLY AMBITION , YOU CAN LAND UP BEHIND BARS. I WILL BE THE BOSS WITH NO TIME OR IDEAS RESTRICTION 1. CUSTOMER IS THE BOSS IN BUSINESS AND HE CALLS THE SHOTS 2. 24/7 YOU ARE WORKING FOR BUSINESS SPARC CONSULTANTS PVT LIMITED
- 20. THEN WHY BUSINESS? BUILD ON YOUR ASPIRATIONS SATISFY CREATIVE URGE -BUILDING ORGANISATIONS CREATE WEALTH FOR SELF AND OTHERS AROUND YOU FULFILL SOCIAL RESPONSIBILITY SPARC CONSULTANTS PVT LIMITED
- 22. ENTREPRENEURIAL COMPETENCIES • Initiative •Looking for opportunities • Persistence • Information seeker
- 23. ENTREPRENEURIAL COMPETENCIES • QualityConsciousness • Commitment to work • Commitment to efficiency • Proper Planning
- 24. ENTREPRENEURIAL COMPETENCIES • ProblemSolver • Self confident • Assertive • Persuasive
- 25. ENTREPRENEURIAL COMPETENCIES • EffectiveMonitoring • Employees Welfare • Effective Strategist
- 27. ENTREPRENEURS IN INDIA 1.First Generation of entrepreneurs: Those entrepreneurs whose parents or family members have not been in business and were into salaried service. 2. Entrepreneurs from business families: A few socio ethnic group who have dominated the business prominently the Marwadi, Gujarathi, Parsi, Sindhi and Chettiyar, The Tatas, Birlas, Wadias, Murugappa and Singhanias. 3. Minority Entrepreneurs: Low levels of entrepreneurial activity, tribals of central India, the hill people of north east. 4. Women Entrepreneurs
- 28. WHAT IS YOURBLOOD GROUP • Group A : Am Employed but feel bogged down since feel have ideas to grow in business • Group B: Am Desperate to make lots of money fast • Group C: Have Family business OR fortunes OR tradition to take forward • Group D: Have a passion for creating lasting effect and show the world • Group E: Feel obliged to serve society and create common wealth SPARC CONSULTANTS PVT LIMITED
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- 32. ENTREPRENEURIAL COMPETENCIES • Initiative •Looking for opportunities • Persistence • Information seeker
- 33. ENTREPRENEURIAL COMPETENCIES • ProblemSolver • Self confident • Assertive • Persuasive
- 34. ENTREPRENEURIAL COMPETENCIES • EffectiveMonitoring • Employees Welfare • Effective Strategist
- 36. DO YOU HAVE? •STRONG WILL TO SUCCEED • PIONEERING SPIRIT & LEADERSHIP QUALITIES • REASONABLE INTELLIGENCE • LOGICAL THINKING • DEDICATION AND COMMITMENT • DILLIGENCE AND PERSEVERANCE • WILLINGESS TO LEARN SO GO AHEAD SPARC CONSULTANTS PVT LIMITED
- 37. DON’T IMAGINE DISQUALIFICATIONS •I DON’T HAVE CAPITAL • I AM AFRAID TO TAKE RISK • I AM NOT FROM A BUSINESS FAMILY • I DON’T HAVE A MANAGEMENT QUALIFICATION • I DON’T HAVE IDEAS BYE-BYE TO PHOBIAS SPARC CONSULTANTS PVT LIMITED
- 38. WHEN DO IGET INTO BUSINESS-MUHURTHAM WHILE STUDYING? BEFORE EMPLOYMENT? AFTER FEW YEARS EXPERIENCE? OR AFTER RETIREMENT? EARLIER THE BETTER-YOU HAVE TIME TO COMMIT AND CORRECT MISTAKES SPARC CONSULTANTS PVT LIMITED
- 40. BUSINESS MODELS BUSINESSMODELS DESCRIBES HOW YOUR COMPANY CREATES DELIVERS AND CAPTURES VALUE. FIRST WEEK IS SPENT IN LAYING OUT YOUR HYPOTHESIS ON SALES, MARKETING, PRICING,COMPETITORS YOU PUT IN YOUR FIRST PASS FINANCIAL ASSUMPTIONS GO OUT TO GATHER FEED BACK ON YOUR CRITICAL HYPOTHESES UNLESS YOU HAVE TESTED THE ASSUMPTIONS IN YOUR BUSINESS MODEL FIRST OUTSIDE THE BUILDING, YOUR BUSINESS PLAN IS JUST CREATIVE WRITING
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- 42. FUNDING ATM- ANY TIMEMONEY SOURCES FOR FUND REQUIREMENT AT VARIOUS TIMES BOTH EXPECTED AND UNEXPECTED SHOULD BE LINED UP PLAN FOR REPAYMENT OF INTEREST, PRINCIPALS SPARC CONSULTANTS PVT LIMITED
- 43. SOME SOURCES FORFUNDS OWN AND FAMILY FUNDS CAREFULLY SELECTED PARTNERS BANKS SIDE BUSINESS/JOB NATIONAL INFORMATION FOUNDATION FOR INNOVATIVE IDEAS ICRISAT FOR AGRI-BUSINESS IDEAS AGA KHAN FOUNDATION,FORD FOUNDATION,GATES FOUNDATION FOR SOCIAL ENTREPRENEURS SPARC CONSULTANTS PVT LIMITED
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- 45. INNOVATION GROWTH AND SURVIVALARE CRITICAL FOR A LASTING BUSINESS . CONTINUOUS INNOVATION PROMOTES CUSTOMER SATISFACTION AND WOW FACTOR INSTEAD OF ASKING A CUSTOMER IF HE IS WILLING TO PAY FOR MINERAL WATER AS SOON AS HE ENTERS WHY NOT OFFER FIRST BOTTLE FREE FOR THOSE WHO WANT. PIONEERING ADOPTION OF TECHNOLOGIY AND INNOVATIONS PROVIDES FIRST MOVER ADVANTAGE TO THE BUSINESS ? SPARC CONSULTANTS PVT LIMITED
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- 47. BUSINESS PLAN ▪ WRITETHE PLAN IN YOUR HEART ▪ IT CANNOT BE OUT-SOURCED. IT IS BASED ON YOUR VISION AND MISSION. ▪ IT IS, SOMETIMES LIKE A DREAM, SOMETIMES THREATENING LIKE A CANE OF A HEAD MASTER, SOMETIMES CHALLENGE OF YOUR SWEET HEART SOMETIMES A GUIDING FORCE FOR YOUR DEVELOPMENT SPARC CONSULTANTS PVT LIMITED
- 48. BUSINESS PLAN As myprofessor once said, “Of what use is the knowledge of the wind’s direction to the captain of a ship, if he does not know where he wants to go?” SPARC CONSULTANTS PVT LIMITED
- 49. BUSINESS PLAN A businessplan is typically expected to guide a businessman or entrepreneur, to show him the destination and the means to get there. It is a well- thought-out document that spells out a clear plan of action. SPARC CONSULTANTS PVT LIMITED
- 50. BUSINESS PLAN GOAL –PLAN = DAY DREAM BUSINESS PLAN IS NOT JUST JARGON ,QUOTATIONS OF GURUS.ARRAYS OF FIGURES PUTTING DOWN WHAT THE BUSINESS WILL BE AFTER 10/25 YEARS IS A GOAL SPARC CONSULTANTS PVT LIMITED
- 51. BUSINESS PLAN A goodbusiness plan takes into account four important points: It defines the products or services on offer, identifies the market and target audience and debates their need for the said product or service Identifies competition and determines your company’s advantages and USP Estimates the start-up cost, revenue and expenses Determines the viability of the business idea SPARC CONSULTANTS PVT LIMITED
- 52. INGREDIENTS OF ABUSINESS PLAN BUSINESS IDEA REQUIREMNTS FOR CONVERTING IDEA IN TO BUSINESS MARKET SCENE, TECHNICAL FEASIBILITY ECONOMIC VIABILITY SOURCING OF CAPITAL GROWTH PLANS CONTINGENCY PLAN FOR SURVIVAL SPARC CONSULTANTS PVT LIMITED
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- 54. YOUR PERSONALITY BUILDSCORPORATE ETHOS TATAS, THE HINDU, AND MANY ORGANISATIONS REFLECT THE VALUES OF THE PROMOTERS IMPLEMENTATION OF YOUR IDEAS AFFECT THE PERSONALITY OF THE ORGANISATION. YOU HAVE A MAJOR ROLE TO PLAY IN THE CREATION OF THE ETHOS OF THE ORGANISATION SPARC CONSULTANTS PVT LIMITED
- 56. SOCIAL ENTREPRENEURS BUSINESS BUILTON SOCIAL OBJECTIVES SELDOM MISS THEIR GOALS CARBON CLEAN SOLUTIONS, AVISHKAR SOCIAL VENTURE FUND,BLIND PERSONS ASSOCIATION ARE SOME EXAMPLES OF BUSINESS ENTERPRISE SUCCEDING IN BUSINESS AND ALSO IMPROVING QUALITY OF LIFE . WHERE THERE IS MORALS THERE IS MARKET SPARC CONSULTANTS PVT LIMITED
- 59. THANK YOU PARTHASARATHY 9849697820 SPARC CONSULTANTS PVTLIMITED . 4TH FLOOR, GUMMIDELI COMMERCIAL COMPLEX NEAR OLD AIRPORT BEGUMPET HYDERABAD 500016 WWW.SPARCINDIA.CO.IN
Editor's Notes
- #31 Characteristics of entrepreneurs have changed through the years. Details are shown over the next few slides.