1. Awareness about Entrepreneurship
Jimit Patel
IIM Calcutta (2014 – 16)
Practice Manager – Altisource Business Solutions

2. What is the Hype about?
Entrepreneurship, Startups, Businessmen etc. have become a buzz word, glorified by media stories, biographies of successful entrepreneurs, and events like  ‘business plan competitions’, ‘entrepreneurship week’, and ‘entrepreneurship awards’. 

3. Myths!! Superman Lucky Money Great Risk Takers
Extra Ordinary Forecasters
Do Not Fail

4. What is the difference between an Entrepreneur and a Businessman?
Who is an Entrepreneur?
What is the difference between an Entrepreneur and a Businessman?

5. Businessman
Existing Idea
Competitors exists
Safe (Limited risk)
Profit oriented
Entrepreneur
Unique Idea
Substitute exists, no direct competitor
Risk Taker
Goal – People oriented

6. Do You Recognize Him??
Steve Jobs - APPLE

7. And Him?
Jeff Bezos - AMAZON

8. Him?
Walt Disney

9. History of Management Industrial revolution (1850 – 1970)
Mass production – Distribution, Economies of Scale, Efficiency
Get Work Done
Carefully Prescribed and Circumscribed Work
Allow Scaling Up
Accomplish work in stable environments

10. Manager Vs Entrepreneurs
Planner
Visionary
Strategist
Opportunity-seeker
Organizer
Creator
Staffer
Innovator
Motivator
Calculated Risk-taker
Budgeter
Resource Leverager
Evaluator
Change Agent
Coordinator
Active and Adaptive Concept Implementer
Supervisor

11. Reality Superman – Ordinary men doing extraordinary things
Lucky – Planned opportunism
Money – Know how to get it
Great Risk Takers – Calculated risk
Extra Ordinary Forecasters – Co creation
Do Not Fail – Pillars of Success

12. 4 Principles and 1 view of the world
Affordable Loss Principle - Set affordable loss
Bird in Hand Principle - Start with your means
Pilot-in –the-plane principle – Control versus Perdict
Crazy-Quilt Principle - Form partnerships
Lemonade Principle - Leverage contingencies

13. All entrepreneurs begin with three categories of means:
Who they are – their traits, tastes and abilities;
What they know – their education, training, expertise, and experience; and,
Whom they know – their social and professional networks.

14. Uncertainty Where to start? Basis for Action Attitude towards risk
Attitude towards other
Attitude towards unexpected
Attitude towards future
If it doesn’t work, its not a failure, its data

15. Financial Risk Career Risk Family and Social Risk Psychic Risk

16. Valley of Death

17. Age and Entrepreneurship
Mark Zuckerberg founded Facebook
Steve Jobs founded Apple
Larry Page founded Google
Jack Dorsey founded Twitter
Reed Hastings Founded Netflix
Sam Walton Founded Walmart
Ray Croc Founded McDonalds
Harland Sanders started KFC
Jeff Bezos founded Amazon 20 21 25 30 37 44 53 65
Bill Gates founded Microsoft

18. To wait or not to wait!! Advantages Disadvantages Experience
Responsible
Planning
Network
Finance
Disadvantages
Money oriented vs Client oriented
Fixed routine
Cuffs (Security, steady income, respect etc.)
Culturally influenced
Energy
Family

19. What influences an Entrepreneur?
Early influences Family Friends Culture Value system Individual Motivation Control Oriented Power & Influence Autonomy
Passion
Market
Natural Aptitude

20. Social Entrepreneurship

21. Social Entrepreneurship
channelling entrepreneurial qualities to “create something new”
Significantly improve society’s capacity to address its “social problems”
Social enterprises may or may not blend social and commercial methods
No “Jhola Kurta Engagement”
No need to sacrifice or compromise

22. Difference between social entrepreneur and social activism (Martin & Osberg, 2007)

23. Jaipur Rug’s
Unlike for-profit companies that consider its frontline as the customers, the frontline for Jaipur Rugs is the weavers.
Society
Removing Middlemen
Inclusion of women
Steady income for Weavers + Flexibility to engage in agriculture
Growth Opportunities – Bunk Sakhi, Quality Supervisor etc.
Critical resources can concentrate on their core competencies
Jaipur Rugs
“You cannot separate your business life from your personal life. Where is the integrity there? What you are in your personal life that is what you are in business as well.” – NK Chaudhary

24. Business Canvas

25. Failure!!
Success, it appears, is about doing a few things right in the presence of countless inevitable failures. - Aaron Hurst, Founder of Taproot Foundation

26. Reasons Deviance Inattention Lack of ability Process inadequacy
Task Challenge
Process complexity
Uncertainty
And many more

27. Different way of viewing Failure!10 10
Failure
Success

28. Steve Jobs

29. FUTURE IS NEITHER FOUND NOR PREDICTED, BUT RATHER MADE