Wrong reasons to become an entrepreneur
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A session given to MBA class of kristu Jayanti College, Bangalore
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Wrong reasons to become an entrepreneur
- 1. Wrong Reasons to become an Entrepreneur Top Seven Birla
- 3. Rules • Interrupt me I don’t have many slides • Sleeping is fine, snoring is not • I don’t know all the answers so I reserve the right to say I dunno. • I am available for follow up discussions.
- 4. Who am I? • Past – IIT Kanpur ( entered and exited with great difficulty ) – Worked with Infosys and Amazon – CTO at Asklaila – Chief Food Officer at Potluck Restaurant • Present – Co-Founder of ZopNow.com – Chief Music Officer at Bhoole Bisre Geet ( bhoolebisregeet.in ) – RJ with a radio station ( Radiowalla.in ) – Poet at large ( Working on a music album ) – A PJ artist – The shorts guy
- 5. About my company • ZopNow started in Oct, 2011 • Online hypermarket • We stock over 8000 SKUs • Our customers come to us 3-4 times a month • 25+ SKUs in every order and Rs 1500 as avg basket size • Nandini Goodlife tetra pack milk is the most sold SKU • Fastest eCommerce company - We do 3 hr delivery in Bangalore of daily needs
- 6. My boss sucks and I want to be my own boss • Those who stay in glass homes should switch off lights before changing clothes • If boss was bad, customers/investors/employees can we worse • Isn’t that the whole idea of being a boss anyways
- 7. I am bored with my job • If you are bored doing a role, Imagine how bored you will be doing all the roles • This is what defines your character. • You will have to do lot of boring jobs to become an entrepreneur.
- 8. All my friends are doing it • Get the bloody romance out of this • This is a career option, not the only option
- 9. I have nothing to lose • Money • Spouse/GF/BF • Sanity
- 10. I want to make loads of money • You have better probability of doing it with a bank dacoity • Probability of success is thin • Everybody will not become NRN or Bill Gates
- 11. I want to become famous • Many a ships sink without a trace
- 12. You just heard inspirational lecture from some entrepreneur • Don’t blame me
- 13. 7 reasons why you should do it • Passion • Passion • Passion • Passion • Passion • Passion • Passion
- 14. I advice for free. You pay only if you take my advice. Sometimes very heavily.
- 15. Thanks