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Showing posts with the label Entrepreneurship

Five Important things to do become successful in life

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Four tips for Time Management

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Entrepreneur's Financial Success Factors

1. Investment plans should be focused : The start up should have fixed financial goal and  according to that they should invest in the business. 2. Calculative risk : The market analysis, market research, and proper survey should lead to risk taking. 3. Only focus on main product line: The core business product or service should be developed rather than a scattered growth plan 4.   Chances to grow financial depends only on focusing customer needs : Customer should be the prior focus.

Live lessons with Interactive faculties at SMART ACADEMY

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To Sandip Yadav (Electrical Engineer from GHRIET Pune), Aakash Shah and Safdar Shaikh teaching is a continuous improvement process. They have thought about this idea when they were in school. They decided that the technology can be used as the way to make learning fun and interactive for all kind of students rather than forcing them to learn concepts without understanding its application. Traditional way of teaching after British Rule in India is only producing clerks. However, prior to British rule, the teaching methodology of Takshashila, Nalanda etc. was practical oriented.Thus, the main theme behind the Smart Academy is to make the teaching effective, exciting and purposeful, through the usage of technology.

Give your best

Michelle and  Noel were football players. But always Michelle could do maximum goals. Noel tried her level best to be a better player than Michelle but nothing worked. One day she went to Michelle and asked that what is the reason that every time she gets the ball and it becomes a goal. Then Michelle smiled and replied that I play as it is my passion, I live in it. I only see the ball and the goal. Noel laughed,' I also feel the same way, but still I miss the goal.' Michelle laughed,' Noel focus changes the way we play, hence the focus is main thing.'  Noel could not understand the answer because again she was not focused, to understand the gist of the conversation. Similarly there are many entrepreneurs but only few are successful, the success factor lies in the same formula as mentioned above and in lines written below, "Give the world the best you have, and the best will come to you." -- Madeline Bridge

Better to do, what you want to do

"It is better to be a failure at something you love than to be a success at something you hate." -- George Burns Bobby the rabbit is very good at Maths and wants to become a Maths teacher. Be that as it may, his dad Bunny, needs him to wind up noticeably a Chartered Accountant as Bobby will be able to earn a lot of money. Bobby needs to tune in to his dad as he is his dad and more experienced than him. At long last, after the aftereffect of register, bunny went along with I Com in Commerce College of Waker Woods. But in Accounts and Economics lecture, he was miserable; however in Maths address he was extremely mindful. All companions were playing football then Affity the Giraffe asked, "What happened? Why are you not focussing on the game?"  Bunny answered," I would prefer not to think about business as it is not my zone of intrigue."  "Goodness, go ahead, we should tune in to our folks as they are experienced than us," said Affity the Giraffe.  ...

Tips for an Entrepreneur

1. Decide your strategy as per your industry :  Do research related to your industrial practices. 2. Gain expertise:  Practice, practice and practice 3. Set Priorities:  Do not let anything become urgent. 4. Align individual goal with organizational goal :  Synergy is the best policy. 5. Walk the talk :  Act before competitor does it. 6. Take ownership :  Stop blame game and cut the crap. 7. Effective communication :  Encode the message, so that same the receiver will decode exactly the same message. 8. Turn stumbling blocks into stepping stones :  Every where there is an opportunity. 9. Esprit de corps :  Team spirit is the main key of success. 10. Update your skills :  Get into Kaizen mode. 11. DO SWOT analysis :  SWOT analysis of your’s and team members, in order to make maximum out of the human resource and also to convert weakness into strength.

Always be uncomfortable

Anteloppe, the ant was always uncomfortable. However Grusppy the grasshopper, loved to simply search for a comfort zone. One day there was a competition in Waker Woods. The person, who will find out the best solution of a problem, will be rewarded by his highness, King Lesotho, the Lion, in front of all the citizens of Waker Woods.  There was a condition that the problem will be immediately coined by King Lesotho and the participants have to answer within a minute. This challenge was accepted by many, as the reward was 20 diamonds and a job as a Minister in king's court. The D day has arrived, all were gathered and participants were called one by one. The exit was in a room, but the participants were not supposed to leave till the competition ends.  Grusppy the grasshopper was second last contestant and the problem posed to him was that how King Lesotho, will stay young forever. Immediately Grusppy answered, it is very simple that he should become vegan. Then the last contesta...

Email marketing

Ease :  A standout amongst the most evident advantages of email showcasing is its lower cost contrasted with standard advertising channels. Target enthusiasts of your image:  Email advertising is one of the main channels that buyers make a request to get. The dominant part of organizations using the stage just send messages to the individuals who have joined to get them. Market Segmentation:  Most advertising experts would cheerfully pay to guarantee they were just burning through cash focusing on the individuals who were occupied with their image. Invitations to take action:  Email showcasing is extraordinary for exploiting motivation purchasing. Saves cost:  Maybe the most engaging preferred standpoint of email promoting is the arrival on venture. No print costs, no postage charges, no promoting rates. Email Marketing is Measurable:  Examination are vital to measuring the accomplishment of any crusade. Many showcasing channels display equivocal and evalua...

Trade Mark

A trade mark is a visual symbol in the form of a word, a device, or a label applied to articles of trade or commerce with a view to indicate to the public that they are the goods manufactured or otherwise dealt in by a particular person as distinguished from similar goods manufactured or dealt in by any other persons. A person who sells his goods under a particular trade mark acquires a sort of limited exclusive right to the use of the mark in relation to those goods. Such a right acquired by use is recognized as a form of property in the trade mark, and it is protected under the law of Intellectual Property Rights. A person can also acquire a similar right over a trade mark, not so far used but only proposed to be used, by registering it under the Trade Marks Act 1999. Trade Marks Act 1999 states that; (1) Trade mark must be a mark which includes a device, brand, heading, label, ticket, name, signature, word, letter, numeral, shape of goods, packaging or combination of colors or combi...

Entrepreneurship Lesson 4

For Start up's to be hit, it is really important that the Indian customers should have faith in Indian brands. Whether it is service or goods, all the Indian products actually maintain quality norms. But customers are really not sure about the quality of domestic industry. Indian industry will boom if the Indian customers will buy the Indian brands and it will make our economy stable. Thus finally it will lead to balance our economy and our Rupee will have the same weight age as other European currencies. The main aim to write this article is to list a few Indian brands, in order to spread consumer awareness. Those brands are following:- •             Money Transfer platform ·                                         RuPay •              Mobile Connections o   ...

Entrepreneurship Lesson 3

How to decide the type of Business Ownership This is very challenging step. An entrepreneur should actually get registered for LLP. LLP means Limited Liability Partnership. Limited Liability Partnership Act, 2008 came into effect by way of notification dated 31st March 2009. Limited Liability Partnership in India is introduced as Limited Liability Partnership Act, 2008. It combines the advantages of both the Company and Partnership into a single form of organization. Renowned and accepted form of business worldwide in comparison to Company. It has low cost of Formation. It is easy to establish. It is easy to manage & run. There is no requirement of any minimum capital contribution. There is no restrictions as to maximum number of partners. The liability is limited. LLP & its partners are distinct from each other. The partners are not liable for act of partners. The statutory compliance level is less. There is no exposure to personal assets of the partners except in case of frau...

Entrepreneurship Lesson 2

How to prepare a Business Plan 1. Write an Executive Summary It is vital part of a business plan.This is an overview of the business and its plans. It should be of maximum two pages. 2. The Company Overview The company overview provides a quick review of the company’s structure and its location. It also provides some background of the company. 3. Description of Products and Services The emphasis should be on the products and services offered and how it will fulfill the customer needs. 4. Target Market The targeted customers should be focused as per marketing segmentation. 5. Marketing Plan The exact plan to reach the target market. Details related to marketing tactics. 6. Management Team The investors are always in search of a great team in addition to innovative ideas. Describe your current team, by focusing on their expertise. 7. Financial Plan Business plan will be complete with a financial planning. Financial data is the back bone of the business plan.

Entrepreneurship Lesson 1

It is a skill which differentiates an individual from the other. But only skill full person with audacity can take it up. It needs a lot of patience just like the patience level of farmers who plant the Chinese bamboo. Young generation has potential but perseverance is missing. A dynamic individual with perseverance is a blessing to the society as he/ she creates job opportunities for others. But many times a startup fails due to poor planning. The major problem an entrepreneur faces is of yearning for quick returns. There is no short cut for success. In a startup there is no concept of small job and fixed job. Everyone in the team have to be proactive and should work in job rotation.  

Entrepreneur Ketan Patil

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                          The KETAN CHATPATA POTATO CHIPS. In a very short span of time, his company will capture high market share as due to Patanjali, Indian consumers believe on the quality of domestic brands. Secondly, his company will follow the penetration strategy through collaborating with local shopkeepers and distributors across Maharashtra. The pricing will be below the competitor’s price as the profit margin, he is keeping at break even point .

Food on a tap- Vision of Gorakhraj

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WAGESHWAR LUNCH BOX FREE HOME DELIVERY WAGESHWAR LUNCH BOX FREE HOME DELIVERY is founded by Gorakhraj Thosar. Having tasted startups for a few years at Madhya Pradesh and zeroing in on an opportunity, He is an Electrical Engineer and pursuing it from GHRIET Pune. He has came up with the solution for many students and outsiders, residing at Wagholi, which is a free home delivery lunch box – the customers do not have to pay for the delivery and get a quick and delicious food from the best cooks. Hygienic food and real time delivery are the key points and competitive advantage of this start up. He is working with the kitchen in order to make it completely based on solar power in order to reduce the further costing of the LPG fuel in cooking and hence pass on the least price for lunch box orders.

A dream of an Entrepreneur to lighten up rural India

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Namit Swan hails from Chandrapur. The idea of Swan Solar Panel Productions came in his mind while pursuing his Electrical Engineering in GHRIET Pune. His major goal is to help the masses of rural part of Chandrapur, then whole rural India with most efficient solar panel of required quantity and quality. The solar panel will provide the electric power supply from solar energy which will reduce the scarcity of electricity and provide stable electricity. Also solar panel are going to be most efficient and cheap as compare to other companies

Thinking out of the Box-- YOGESH MILK DAIRY

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Yogesh Sul grew up in Ahmadnagar district and is studying Electrical Engineering, at GHRIET, Wagholi, Pune. He is passionate towards using technology in his family’s dairy business. In GHRIET Pune, in the year 2016, he started with his research related to dairy business, where he ultimately became an entrepreneur. In 2017, he founded YOGESH MILK DAIRY; initially the income is generated from cow’s milk but now he is focusing on gomutra, he takes clue from the animals’ movements and try to identify patterns in urination. The pungent-smelling liquid is poured into a crude distiller to remove impurities. This is a traditional medicine and also categorized as herbal remedies. He has decided to sell, gomutra from his outlet as well as on Amazon. The golden liquid would lead to increase in return on investment.

Journey of an Entrepreneur from traditional business to Innovation

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Vinod Karad grew up in Beed district and is studying Electrical Engineering, at GHRIET, Wagholi, Pune. He is passionate towards using Automation technology in his family’s dairy business. In GHRIET Pune, in the year 2016, he started with his research related to dairy business, where he ultimately became an entrepreneur. In 2017, he founded ANJALI Dairy farms. He wants to have improved milk quality, increase in animal welfare and more profitability. He believes that automation will provide his business with information about the cows that he and his family have not had before, to support effective decision-making related to the cows health and production of the milk.

Entrepreneurship tale of PVR Milk Dairy

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                                             Yusuf Pathan grew up in Latur district and is studying Electrical Engineering, at GHRIET, Wagholi, Pune. He is passionate towards using technology in his family’s dairy business. In GHRIET Pune, in the year 2016, he started with his research related to dairy business, where he ultimately became an entrepreneur. In 2017, he founded PVR Milk Dairy; initially the income is generated from five cows. With the solar panel installation the electricity cost can be controlled in coming up three years furthermore the installation cost of the same can be adjusted in the coming up years by saving on electricity bills. He is selling the milk to consumers; the income generated is being used to pay the loans and EMIs, apart from salary paid to the two employees, as consumers pay some extra as compared to milk unions. This way, in three years mo...