This short ppt teaches the lessons of entrepreneurship to the aspiring entrepreneurs. Highly researched and most effective business tips are presented in the form of quotes to enable you to develop an understanding of complex business environment. These practical tips have the power to change the mindset of the younger generation positively towards business. All the students of MBA,BBA,BBM including other professional courses can be mentored and motivated to embrace entrepreneurship as their career.

1. No business is carried out without an idea
No idea is conceived without market
analysis
No analysis can be made without data
Hence….
GATHER THE RELEVANT DATA TO BEGIN
THE BUSINESS
Dr. ANJANEYULU CHANDUPATLA
www.dakshathafoundation.org
6
ONE MINUTE ENTREPRENEURSHIP

2. The data is a powerful resource in the business.
The aspiring entrepreneur needs to collect and
analyze the data to convert it into information
which helps him / her take effective decisions.
The data pertaining to the following elements is
mandatory in the business to get the desired
results.
• The market
• The demographic characteristics of the customers
• The competitors
• The suppliers
• The needs and wants of the customers
• The marketing intermediaries
• The financial institutions
• The economic environment
• The social environment
• The political environment