ENTREPRENEURSHIP

- A SKILL

GOALS & OBJECTIVES

 ENTREPRENEURSHIP
- A SKILL
• Definition

– “The activity of setting up a business or

businesses, taking on financial risks in the
hope of profit.”
– “When someone identifies opportunity and
converts them into a viable process”
 ENTREPRENEURSHIP
- A SKILL
JOBS
PROS CONS
FLEXIBILITY TIME BARRIER
ADDITIONAL BENFITS GETTING TIME OFF
TEAM WORK RECOGNITION
ZERO INVESTMENT CONFINED IN A BOX

ENTREPRENEURSHIP
PROS CONS
BE YOUR OWN BOSS RESPONSIBILITY
ADAPTABILITY INVESTMENT
RETIREMENT LIVE A SIMPLE LIFE
SATISFACTION MORE STRESS AND RISK
 ENTREPRENEURSHIP
“It is an ART of taking Risk and a Science of calculating Them accurately”

• Skills Required to Succeed as An Entrepreneur

– Ambition
– Willingness to Learn. ...
– Ability to Listen. ...
– Creativity. ...
– Assertiveness and Confidence. ...
– Perseverance. ...
– Courage and Risk Taking.
 ENTREPRENEURSHIP
MYTH
• THEY ARE BORN
• HUGE FINANCE IS REQUIRED
• SPECIAL KNOWLEDGE IS REQUIRED
•  INNOVATION IS THE SOURCE OF THE BEST
ENTREPRENEURIAL OPPORTUNITIES
• BANKS DOESN’T FINANCE STARTUPS
• MOST ENTREPRENEURS ARE SUCCESSFUL
FINANCIALLY
• ENTREPRENEURS TAKE HIGH RISKS
 ENTREPRENEURSHIP
FEW SUCCESSFUL STORIES
•HIS IDEA CAME AFTER HIS SON
SUFFERED FROM JAUNDICE

•IN THE YEAR 1998 HE

ESTABLISHED KENT RO SYSTEM

•STARTED WITH RS.1,00,000/- AND

A FOUR MEMBER TEAM

•CURRENTLY 40% MARKET SHARE

& ANNUAL TURNOVER OF 580
CRORE AND MORE THAN 2500
EMPLOYEES
 ENTREPRENEURSHIP
FEW SUCCESSFUL STORIES
• BORN IN A SMALL VILLAGE

•DID NOT HAVE ANY FORMAL

EDUCATION

•CAREER STARTED AS A RADIO

MECHANIC AND CALCULATOR
REPAIR AT A LOCAL SHOP

•1993 CAT COMPUTER SERVICE

WAS ESTABLISHED AND
DEVELOPDED A ANTI VIRUS
SOFTWARE

•TODAY WE KNOW IT AS
“Quickheal Technologies”

KAILASH KATKAR
 ENTREPRENEURSHIP
FEW SUCCESSFUL STORIES
 ENTREPRENEURSHIP
FEW SUCCESSFUL STORIES
• SELLING EATERIES AT MOBILE
CART

•STARTED HER BUSINESS WITH 2

PEOPLE

•TRAVELLED IN RICKSHAW WITH A

EARNING OF 50 PAISA A DAY

•CURRENTLY 200 PEOPLE

EMPLOYED AT HER CHAIN OF
RESTURENTS

•“FICCI” ENTREPRENEUR OF THE

YEAR
 ENTREPRENEURSHIP
FEW SUCCESSFUL STORIES
• STARTED HIS BUSINESS FROM
HOME IN 1969

•INITALLY STARTED AT BACKYARD

OF HIS HOUSE

•DID DOOR TO DOOR SELLING

HIMSELF

•“SABKI PASAND NIRMA”

•“TODAY 14000 PEOPLE WORK

WITH HIM TO GENERATE 500MN
DOLLAR ANNUALLY
 ENTREPRENEURSHIP
FEW SUCCESSFUL STORIES
• CHEATED AT BANDRA STAION
WITH FELLOW MAN

•STARTED CLEANING UTENSILS

AND WORKED AS A TEA BOY

•SOLD TEA ON HAND CART

•WITH JUST OBSERVATION AND

TRIAL & ERROR HE TRIED HIS
HAND IN DOSA

•“FAILED BUT DID NOT QUIT”

•TRIED AGAIN AND TODAY

OFFERS 108 TYPES OF DOSA IN
HIS CHAIN OF “DOSA PLAZA”
 ENTREPRENEURSHIP
FEW SUCCESSFUL STORIES
• Due to her family’s financial
situation, she was admitted into a
welfare orphanage. To get the
admission, she had to become a
motherless child

•Jyothi developed a strong will to

make her future bright. She
promised herself to work towards
creating a better life for her.

•Ms. Jyothi Reddy who now owns a

JYOTHI REDDY software company in the United
States of America and who has a
great vision to change many lives
of women in rural India.
 ENTREPRENEURSHIP
FEW SUCCESSFUL STORIES
• A BARBER OF BENGALURU

•LOST FATHER AT THE AGE OF 7

•STARTED WITH RENTING OUT HIS

CARS TO INTEL AND TO OTHER
SMALL CLIENTS LOCALLY WITH
ONE MARUTI VAN BOUGHT FROM
HIS SAVINGS

•OWNER OF 200 CAR WHICH

INCLUDES ROLLS ROYCE, BMW
ETC
RAMESH BABU- BARBER
•EVEN TODAY, BEING SUCH A RICH
WITH ROLLS ROYCE
MAN HE DID NOT FORGET HIS
ROOTS. HE CUTS THE HAIR OF HIS
REGULAR CUSTOMERS FOR JUST
RS 65.
 ENTREPRENEURSHIP
FEW SUCCESSFUL STORIES
• FARMER FROM GUJRAT
•HIS FAMILY LIVED ON A MONTHLY
INCOME OF RS 400, WHICH HIS
FATHER EARNED AS A SALESMAN
IN A LOCAL STORE
•WORKED AS A SUPERVISOR WITH
A SISTER CONCERN OF ORKAY
INDUSTRIES
•HE WOULD GET UP 3.30 IN THE
MORNING, CARRY HEAVY LOADS
OF VEGETABLES FROM THE
MARKET, THEN IN THE
AFTERNOON HE WOULD COME
BACK TO THE MARKET CLEAN IT
AND CUT THE VEGETABLES AND
PUT THEM IN COVERS OF HIS
BRAND.
• TODAY, THE TURNOVER OF THE
NITIN GODSE COMPANY IS TOUCHING RS 25
CRORES AND THE COMPANY HAS
150 EMPLOYEES ON ITS OWN
PAYROLL.