Entrepreneurs build societies, cities , countries and not just businesses. For a successful community enterprise is the most important.
Individual with capabilities & risk taking abilities should expand their horizon by becoming entrepreneurs & should avoid the easy way out by doing the routine or standing in line for a job.
To be sure that you are the one ? You have to discover yourself in light of requirements for becoming a successful ENTREPRENEUR .....CHECK WHAT YOU NEED & WHY !
3. E NTREPRENEUR
?
ONE WHO LISTENS TO ONE WHO TAKES
HIS HEART CALCULATED RISKS
ONE WHO REALISES ONE WHO CREATES
HIS ASPIRATIONS VALUE
Devendu Bajpai - www.twitter.com/devbajpai
4. WHAT ENTREPRENEURS DO ?
THEY CREATE & SOME DEFINE THEIR
GROW A VENTURE LIVES
SOME CHANGE THEIR
SOME CHANGE THE
COUNTRIES /
WORLD
COMMUNITIES
Devendu Bajpai - www.twitter.com/devbajpai
5. • In 1892 , 84% of Americas 4,047 millionaires
were entrepreneurs and now 7 million have
incomes > $ 100k and 4 million Millionaires
• 86% entrepreneurs have accumulated wealth
in one generation, thus only 14 % inherited
their wealth.
• In 2002-03 US businesses with < 500
employees gained 2 million jobs, while ones
with > 500 employees lost $ 100k jobs.
• In 2002-03 US reported highest ever growth in
self employment of 5.7 %
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6. 60% of new jobs are created in small
enterprises
65% of inventions come from small
enterprises
69% of Fortune 500 companies started
with <50k $
54% of Fortune 500 companies were
started from home
50% of Fortune 500 companies were non
technical startups
Contd….
Devendu Bajpai - www.twitter.com/devbajpai
7. ENTREPRENEURSHIP DRIVES
ECONOMIC GROWTH & PROSPERITY – A
STRONG CORELATION
A) ENTERPRISES / SMALL BUSINESSES CREATE JOBS
FASTER THAN LARGE COMPANIES – EMPLOYS ¾ OF
THE US EMPLOYEES AND FORMS 1/3RD OF THE US
GDP
B) DEVELOPS NEW PRODUCTS & SERVICES MORE
FREQUENTLY
C) CHANGES & INNOVATES PROCESSES FASTER
APPROXIMATELY 6.5 LACS
ENTERPRISES START EVERY YEAR
CHANCES OF SMALL ENTERPRISES
BECOMING BIG COMPANIES 900:1
Devendu Bajpai - www.twitter.com/devbajpai
8. ODD / LONG WORKING HOURS
INCREASED STRESS
MARRIAGE / RELATIONSHIP
FINANCIAL
LEGAL / LAWSUITS
LUCK / CHANCE - ‘Is the matter of preparation
meeting opportunity’ - Oprah Winfrey, TV talk
show host , producer & founder of Harpo
Production.
FAILURE - Approximately 50% new
ventures fail in the first year itself.
Devendu Bajpai - www.twitter.com/devbajpai
9. READY
ARE YOU
?
Devendu Bajpai - www.twitter.com/devbajpai
11. PLEASE REMEMBER ,
- IT’S A PERSONAL JOURNEY
- THERE ARE NO RIGHT OR WRONG
ANSWERS
APPRAISE YOUR PERSONAL SKILLS &
EDUCATION
EVALUATE YOUR DECISION MAKING
ABILITIES
INCREASE YOUR BUSINESS
KNOWLEDGE
IDENTIFY YOU ENTREPRENEURIAL
Devendu Bajpai - www.twitter.com/devbajpai
12. TRAINING CLASSES
JOIN INDUSTRY GROUPS
JOIN NETWORKING GROUPS
NETWORK
JOIN CEO ROUND TABLES /
MENTORING SESSIONS
READ RELATED BOOKS & MAGAZINES
FIND A MENTOR OR ADVISOR
USE A COACH
Devendu Bajpai - www.twitter.com/devbajpai
13. LACK OF EXPERIENCE
INSUFFICIENT CAPITAL
POOR LOCATION
OVER INVESTMENT IN FIXED ASSETS
PERSONAL USE OF BUSINESS FUNDS
POOR CREDIT ARRANGEMENTS
POOR INVENTORY MANAGEMENT
COMPETITION
LOW SALES & UNEXPECTED GROWTH
Devendu Bajpai - www.twitter.com/devbajpai
14. PERSONAL MISSION STATEMENT
TIME MANAGEMENT MATRIX
Devendu Bajpai - www.twitter.com/devbajpai
15. ACTIVITIES TYPE CONTRIBUTION RESULTS
FAMILY
FRIENDS
WORK
SOCIAL
ACTIVITIES
GET YOUR PRIORITIES RIGHT !
16. URGENT NOT URGENT
NECESSITY QUALITY & PERSONAL
IMPORTANT GROWTH
MANAGE FOCUS
DECEPTION WASTE
NOT -
IMPORTANT AVOID AVOID
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17. ENTREPRENEURSHIP & MSME PROMOTION
SCHEMES BY CENTRAL & STATE
GOVERNMENTS
SPECIAL SCHEMES FOR WOMEN, YOUNG & SC
/ST ENTREPRENEURS
ENTREPRENEURSHIP PROMOTION BY
EDUCATIONAL INSTITUTIONS THROUGH E-Cells,
E-Mentoring, E-Funding etc.
TECHNOLOGY INCUBATION CENTERS
DEDICATED ENTERPRENEUR & TECHNOLOGY
INDUSTRIAL PARKS
VENDOR DEVELOPMENT PROGRAMS OF
LARGE INDUSTRIES IN AUTOMOTIVE &
Devendu Bajpai - www.twitter.com/devbajpai
18. DEFERRED PLACEMENT PROGRAM (DPP) BY IIT
KHARAGPUR, MUMBAI & BANGALORE (2012)
TECHNOLOGY INCUBATION & DEVELOPMENT
OF ENTREPRENEURS (TIDE) FOR
ELECTRONICS & ICT BY GOI
OFFSHORE ENTREPRISES IN SILICONE VALLEY
TO OVERCOME VISA & WORK PERMIT ISSUES.
BLUESEED BASED OUT OF SUNNYVALE WILL
BE LAUNCHING ITS FIRST VESSEL BY 2013.
Devendu Bajpai - www.twitter.com/devbajpai
19. NEW / UNIQUE BUSINESS MODEL / IDEA
NEW / UNIQUE PRODUCT / TECHNOLOGY
FRANCHISING – EDUCATION, F&B, RETAIL ETC.
PROCESS / WORK OURSOURCING – TIER 2/3
SUPPLIER TO AUTOMOTIVE / ENGINEERING /
RETAIL / F&B / TOURISM INDUSTRIES
SERVICE PROVISION TO SMEs IN – HR,
TRAINING, EDP, MARKETING, QA, TESTING,
TRAVEL & LOGISTICS FUNCTIONS.
SMEs RELATED TO TOURISM, CONSTRUCTION,
MAINTAINANCE, SERVICING ETC.
OPPORTUNITIES IN GOVT & PSU
PROCUREMENT Devendu Bajpai - www.twitter.com/devbajpai
20. MINISTRY OF MSME, GOVT OF INDIA –
http://msme.gov.in/msme_ministry_schemes.htm
RAJEEV GANDHI UDYAMI MITRA YOJNA
(RGUMY), MINISTY OF MSME, GOI -
http://rgumy.nic.in/
DEPARTMENT OF MSME, GOVT OF TAMILNADU-
http://www.msmeonline.tn.gov.in/faqtamil1.pdf
NATIONAL SMALL INDUSTRIES CORPORATION
(NSIC)-http://msme.gov.in/msme_nsic_schemes.htm
KHADI & VILLAGE INDUSTRIES COMMISION
(KVIC)- http://www.kvic.org.in/v4/SCHEMES.asp
TIDE - http://www.mit.gov.in/content/technology-
incubation-and-development-entrepreneurs
Devendu Bajpai - www.twitter.com/devbajpai
21. Q
&
A
Devendu Bajpai - www.twitter.com/devbajpai