Development of Entrepreneurship
& E-Skill
The reasonable man adapts himself to the
world; the unreasonable one persists in
trying to adapt the world to him. Therefore,
all progress depends on the unreasonable
man.
- George Bernard Shaw
• Entrepreneur…
….is a person who organizes and manages
any enterprise, especially a business, usually
with considerable initiative and risk.
Historical view
• New Doc 2020-01-20 [Link]
Definition of Entrepreneur
from Personal Perspective
• From the view point of an Economist:
• “A person who brings resources, labor,
materials, & other assets into
considerations that make their value
greater than before.”
From the view point of a
Psychologist
• “A person who is typically driven by certain
forces such as the need to obtain or attain
something, to experiment, to accomplish,
or perhaps to escape the authority of
others.”
From the view point of a
Businessman
• “ For one businessman, an Entrepreneur
appears to be a threat, an aggressive
competitor.
• On the contrary to other, “an Entrepreneur looks
like an ally, a source of supply, a customer or
someone who creates wealth for others, as well
as finds better ways to utilize resources, reduce
waste, & produce jobs.”
Characteristics or Traits of
Entrepreneurs
Key Personal Attributes
Strong Managerial Successful
Competencies Entrepreneurs
Good Technical Skills
Personal characteristics of
successful entrepreneurs
•Persistent (not giving up, keep trying)
•Creative (looking at new ways of doing things,
developing solutions to problems)
•Responsible (doing what you are suppose to do
and being held accountable)
•Inquisitive (asking questions and seeking
answers, curiosity)
Personal characteristics of
successful entrepreneurs
•Goal-oriented (focused on developing a plan
and achieving your goals)
•Independent (able to work or act alone,
doing things without supervision)
•Self-confident (belief in yourself and your
abilities)
•Risk taker (not afraid to do new things and
take risks)
Skills needed by successful entrepreneurs
•Communication skills (possessing the ability to
read, write and speaking in an understandable,
accurate and professional manner)
•Human relations skills (the ability to build and
maintain positive relationships, working well with
others)
•Math skills (knowledge of basic arithmetic and
business math skills such as calculating profit)
Skills needed by successful entrepreneurs
•Problem-solving and Decision-making skills
(the ability to assess situation and make good
decisions )
•Technical skills (knowledge of computers and
how to use them productively)
•Basic business skills (knowledge and
understanding of the economy and business
functions such as marketing and management)
Others
• Visionary Leadership
• Energetic
• Versatile Knowledge
• Emotionally Stable
• Responsive to Criticism
• Persuading Power
• Having good Health
“Why…?”
• Jobs are limited so every one can not get the
job.
• It is good to get the job but it is better to be
employer.
• Entrepreneurs create the job opportunity.
• Entrepreneurs are the leaders.
• The age of E-skills have plenty of opportunities,
risk are less , investment is also low
Scope of E-ship
• Small Scale Industry
• National Level Business
• Internationally
• Social Entrepreneur
• E- Entrepreneur
Some Successful Indian
Entrepreneurs
• DHIRUBHAI AMBANI-RELIANCE.
• RATAN TATA-TATA GROUPS.
• NARAYANA MURTHY-INFOSYS.
• AZIM H. PREMJI-WIPRO.
• LAKSHMI MITTAL-ARCELOR.
• DR. VERGHESE KURIEN-AMUL.
• ANAND MAHINDRA-MAHINDRA GROUP.
• SHIVA NADAR-HCL.
Top 10 Young Entrepreneurs in
India till 2019
• [Link]
young-entrepreneurs-in-india-2018-till-
date-cdulu28uft
•
E-ship through E- Skills
E- Skill is how a person can utilize his/her
entrepreneurial skills through e-skills, using
internet.
It can be-
B2B, C2B or B2C product Marketing.
Selling & Purchasing through online transaction.
Access to global market while sitting a single
place.
Can work as a freelancer.
Some Indian e- entrepreneurs
•[Link] is
an online recharge
service for prepaid mobiles.
Some Indian e- entrepreneurs
Founder of [Link]
•Pages for those aspiring for admission to law,
engineering, medical, and commerce/MBA and
architecture institutes.
Some Indian e- entrepreneurs
•She is owner of the Website
http://
[Link]’
s 1st Gift Registry Portal.
•Wish lists can be made for
various occasion.
• [Link] is a market leader and a preferred destination for online beauty and wellness products in
India.
• With almost 400 curated, well priced and 100% genuine brands and 35,000 products, Nykaa prides
itself on offering a comprehensive selection of cosmetics, skincare, haircare, fragrances, bath and
body, luxury and wellness products for women and men.
• [Link] was founded in 2012 by Falguni Nayar, former managing director of Kotak Mahindra
Capital Company. Since then, Nykaa has become a popular brand in the eCommerce & Retail Industry.
• “Falguni saw that there was a huge opportunity in the online space and considering all the different
areas she could invest in or start a company, she focused on beauty” – Nihir Parikh, Chief Business
Officer at Nykaa.
• Nykaa has grown strength to strength over years; they have always focussed on customer needs and
worked closely with its brands to achieve the desired results.
•
Cont….
• Sachin Parikh, CFO, Nykaa said “The only advice I can give to startups is to focus on
sustainable growth. You know, I can spend a lot of money, acquire the customers, get
a certain level of growth but if the customers are not coming back or the growth is not
sustainable, you are not going to achieve the targets so make sure you get to
sustainable growth.”
• From last year to this year, Nykaa has grown by about 350% and this year onwards
they are going to grow on other 300%. Today they are running at about 600 crore run
rate and have got very aggressive targets, which they are assured to achieve.
[Link]
Flipkart
• [Link]
story-big-billion-startup-ecommerce
Few more Successful stories
• [Link]
281216
•Radhika Aggarwal and Sanjay Sethi, Founders ShopClues
•Deep Kalra, CEO and Founder MakeMyTrip
•Ambareesh Murty, Co-Founder, Pepperfry
•Ritesh Agarwal, CEO and Founder, OYO
•Albinder Dhindsa, Co-Founder Grofers
What it takes to be an
E- entrepreneur
• A dream to do the things differently
• Courage to take Initiative
• Vision to set the goal
• Passion to achieve the goal
• Some amount of capital to invest
• Willing to go extra mile
Win-Win for all of us
• Parents will feel lucky.
• Teacher will feel proud of successful
entrepreneurs College will feel proud and
have brand value.
• One entrepreneur may employ good
number of students from the college.
• The city, state and country may feel good.
Questions To Keep In Mind
1. What are my motivations for owning a business?
2. Should I start or buy a business?
3. What and where is the market for what I want to sell?
4. How much will all this cost me?
5. Should my company be domestic or global?
Children’s Autos/
Arts &Health Care/Medical
Beauty/
Transportation
Crafts
BusinessesBusiness
Home Products/
Personal
Thanks
Travel
AdvertisingServices
Services
Crae Food
Entertainment
Online Computers & Events
Businesses Education/
Instruction
Import/Export