Everyone has a talent or passion that could become profitable. An entrepreneur organizes and operates a business while taking on financial risk. Successful entrepreneurs exhibit qualities like being a dreamer, risk-taker, and continuous learner. Starting a business comes with challenges in financing, skills, culture, and regulations in India. With effort and the right approach, entrepreneurs can start successful businesses and contribute value through their ideas.
Personal Brand Exploration Presentation Eric Bonilla
IIT Karagpur Entrepreneurship Awareness Drive - By Shakir Ali Founder & CEO of e-Merchant Digital Hyderabad
2. Everyone in the world has at least one talent,
one passion, one hobby that can become
profitable if they used correctly.
3. Entrepreneur
An entrepreneur is an individual who
organizes and operates a business or
businesses, taking on financial risk to do so.
Ris k Ta king A
bility
Ca p a c ity to De v e lo p , O rg a niz e a nd M na g e
a
Bus ine s s with its Ris ks to M ke Pro fit
a
17. "Alone one cannot do m
uch, but
together we can bring big change into
this world"
“B
ring L M
ike inded P
eople on B
oard”
19. Add flavor to Fresh ideas with
...market research
&
Business Plan
20. Why would you still do it?
Become your own boss.
Be in-charge of your destiny.
Because you believe in yourself.
Because you believe in the idea.
Because you believe that you can change the
world.
(People may think you are crazy)
22. Barriers to Startups
Financing Hurdles
• Lack of seed funds /early stage
funds
Lack Management Education
Lack of skilled manpower
Cultural factors
• Lack of status
• Lack of steady income
• Peer Pressure
• Relatives/ Parental pressure
Easy Life in Multinationals
Lack of Awareness
Regulatory Framework
23. Why do Entrepreneurs Fail ?
Wrong Motivation
Poor Management
No Mentorship and Lack of
Experience
Failure to Change with the Times
Inadequate Goal-Setting
25. Sta rting up ha s no thing to d o with a g e .
I rne t a nd m o bile a llo w y o ung blo o d to ta ke
nte
e ntre p re ne urs hip
a s the s e d o m a ins a re le s s c a p ita l
p ro ne
26. The I ia n s ta rtup s p a c e ha s g a ine d m o m e ntum
nd
o ve r the y e a rs a nd v a rio us fa c to rs like
• an opening up m
indset
• support structures com up
ing
• and funds being poured in
ha ve be e n he lp ful.
27. Entrepreneurship Statistics
30% of students enrolled in these top
entrepreneurship programs have started a
business.
23% of students who started are still in business.
“66% of job growth comes from small business.”
“90% of innovation comes from small business.”
28. General Advice
Be passionate!
Reject Negativity
Always Strive for Improvement
Challenge yourself.
Have a balance.
30. “The purpose of a good education isn’t actually what
you’ve learned”.
B
UT….
H & W you can CONTR UTEfromyour
ow
hat
IB
learning
31. On Indian Internet Opportunity
Internet penetration is only 10% in the country
till now. When 800 million people start using
internet that is the opportunity.
There is a good chance for startups in India. In
fact, 40 per cent of the startups in Silicon Valley
are (run by) Indian entrepreneurs.
32. Internet
Internet as One of Life's Fundamental Resources
Air
W
ater
Internet
One of every three college students and employees
surveyed globally (33%) believes the Internet is a
fundamental resource for the human race
33. Digital Media helps you for new
Business Startups
..the Internet has turned what used to
be a controlled, one-way message
into a real-time dialogue with millions.
35. Set your Website Goal
A website without a goal is
like a ship without a rudder
36. Don’t try and appeal to
everyone
You will only dilute you
Impact
43. There’s No Finish Line
Launching is not the end … it’s only the
beginning. Now you have to build a business!
“I y o u le a v e a nd e ve ry thing s to p s , y o u d o n’t ha ve
f
a bus ine s s , y o u ha ve a jo b. ”
You need to be systematic in replacing yourself
while still ensuring that everything keeps moving.
44. Stay Focused
Focus on your users
Marketing to new users
Improving the product for current users
Providing great support for current users
Focus on revenue and numbers
Accounting should be solid, watch out for cash
flow!
Make sure you have an instinctive feel for what
actions
Correlate with what numerical results
45. Continuously Improve
If you stand still, your competitors will pass you
by
There is a never ending list of improvements and
fixes and upgrades you can make. Be prepared
for this
Improving isn’t always ‘adding’, sometimes it’s
removing stuff or streamlining