The document explores the essence of entrepreneurship, arguing that it is a learnable discipline rather than a mysterious talent. It outlines the characteristics, skills, and processes involved in successful entrepreneurship, along with the advantages and disadvantages of owning a business. Furthermore, it highlights India's potential as a hub for entrepreneurship due to its skilled workforce and successful global business leaders of Indian descent.

1. 1
By An Aspiring Entrepreneur
(Gaurav Manchanda)
Entrepreneurship

2. 2
ENTREPRENEURSHIP :
“Most of what you hear about
entrepreneurship is all wrong. It’s not
magic; it’s not mysterious; and it has
nothing to do with genes. It’s a discipline
and, like any discipline, it can be learned.”
Peter F. Drucker

3. 3
CHARACTERISTICS OF
SUCCESSFUL ENTREPRENEURS
 PASSIONATELY SEEK NEW OPPORTUNITIES
 PURSUE OPPORTUNITIES WITH ENORMOUS
DISCIPLINE
 PURSUE ONLY THE BEST OPPORTUNITIES
 ADAPTIVE EXECUTION
 SYNERGY

4. 4
72%
10% 10% 8%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Independence Satisfaction
Best things about
owning a business
Control Others
Survey by Padgett Business
Services USA Inc.

5. 5
Types of Skills Required in Entrepreneurship
Technical Business
Management
Personal
Writing Planning Inner Control
Oral
Communication
Leadership Risk Taking
Monitoring the
Environment
Interpersonal Innovative
Using Technology Marketing
(Selling)
Change-oriented
visionary

6. 6
Entrepreneur Process
Diagram
Motivation
to make a
difference
Spotting &
Exploiting
Opportunities
Finding the
required
resources
Using
networks
extensively
Overcoming
Obstacles
Controlling
the
Business
Financial,
Social,
Capital
Showing
determination
in the face of
adversity
Managing
Risk

7. 7
Entrepreneurship
Process
The Idea Realizing the
opportunity
Engaging
the idea &
opportunity
Exploiting the
opportunity
to build
something of
value
The
Inventor
The Opportunity Spotter The Project Champion

8. 8
Three Aspects of
Entrepreneurship
• 1. The identification/recognition of
market opportunity and the
generation of a business idea
(product or service) to address the
opportunity

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Three Aspects of
Entrepreneurship
• 2. The marshalling and commitment
of resources in the face of risk to
pursue the opportunity

10. 10
Three Aspects of
Entrepreneurship
• 3. The creation of an operating
business organization to implement
the opportunity-motivated business
idea

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India's PEOPLE –
ITS STRONGEST ASSET
Based on IMD World Competitiveness Survey

12. 12
A large pool of skilled people...
4.3
5.3
5.5
6.2
7.1
7.2
7.3
China
Mexico
Brazil
Russia
Germany
India
USA
Note: Survey results: 1=low; 10 = high
Source: IMD world competitiveness Yearbook 2003
...with high end qualifications...
3.9
6.4
6.9
7.1
7.2
7.3
8.9
China
Mexico
Germany
Brazil
Russia
USA
India
...and extremely cost efficient
0.4
0.6
0.7
2.3
2.4
20.3
24.1
India
China
Russia
Mexico
Brazil
USA
Germany
Availability of skilled labour, 2003 Availability of qualified engineers,
2003
Total compensation for
manufacturing workers, 2002

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CONFIDENCE: INDIA
INC. GOING GLOBAL
Source: Literature Review
0
2000
4000
6000
8000
10000
12000
2002 2003 2004 2005 2006
Overseas Acquisitions by India Inc ($ US Million)

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A snapshot of Indians at the helm of leading Global
businesses
The Co-founder of Sun Microsystems (Vinod Khosla),
Creator of Pentium Chip (Vinod Dahm),
Founder and creator of Hotmail (Sabeer Bhatia),
Chief Executive of McKinsey & Co. (Rajat Gupta)
President and CFO of Pepsi Cola (Indra Nooyi)
President of United Airlines (Rono Dutta)
GM of Hewlett Packard (Rajiv Gupta)
President and CEO of US Airways (Rakesh Gangwal)
Chief Executive of CitiBank (Victor Menezes),
Chief Executives of Standard Chartered Bank (Rana Talwar)
Chief Executive officer of Vodafone (Arun Sarin)
President of AT & T-Bell Labs (Arun Netravali)
Vice-Chairman and founder of Juniper Networks (Pradeep Sindhu)
Founder of Bose Audio (Amar Bose)
Founder, chip designer Cirrus Logic (Suhas Patil )
Chairman and CEO of Computer Associates (Sanjay Kumar)
Head of (HPC WorldWide) of Unilever Plc. (Keki Dadiseth)
Chief Executive Officer of HSBC (Aman Mehta)
Director and member of Executive Board of Goldman Sachs (Girish Reddy)
Chief Economist of the International Monetary Fund (Raghuram Rajan

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Entrepreneurship
• Some advantages
– You are your own boss
– Enjoy the profits from your
efforts
– Sense of pride in your business
– Flexibility in your work
schedule

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Entrepreneurship
• Some disadvantages
– Will need to put in long hours
– Need money to start
– Have to keep up with government rules
and regulations
– May have to mark hard decisions (hiring,
firing, etc.)
– May lose money

17. 17
Checklist for Aspiring
Entrepreneurs
• Do it for passion not money
• Do something you know about
• Don’t give up too early
• Have a mentor
• Have appropriate funding
• Be a good cash manager
• Build sales first
• Don’t try to rush
• Be wary of bad advice or suppliers

18. 18

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Questions & Answers ???

20. 20
Thank You