ENTERPRENEURSHIP DEVELOPMENT PROGRAMME a part of Commerce+ workshop was held from 10th -14th of August 2015. The first day of the workshop commenced with the introductory speech delivered by Prof. Dilip Shah, The Dean of Students Affairs followed by the guest speaker Mr. Dhirendra Pradhan on the topic entrepreneurship and start-up business. Mr. Pradhan during the workshop sited examples of entrepreneurs, to help students understand and develop: • your own new start-up business concept (so you can check and refine its viability) • a basic business start-up action plan (to take away and put into effect) • confidence, inspiration, belief and motivation (to actually make it happen) • knowledge and methods for keeping it going (even when it’s tough) The concept was further infused with a power point presentation that spoke about the startup business in India. Followed by a discussion on contemporary business environment prevailing in in the country. He also highlighted some points regarding why foreign investors are ready to invest in India more than in other countries. The session appealed to most students who want to work for themselves but lack confidence and support in doing so. [su_carousel source=”media: 5635,5636,5638,5640,5642,5643,5645,5647,5649,5650,5652,5653,5654,5656,5657,5659,5660,5661,5665″ link=”lightbox” items=”4″ title=”no”] Day:-02 Mr. Veneet Patwari, CEO of Kredent Academy shared his experiences on startup business on day 2. Through a power point presentation he explained the term startup as an “organization formed to search for a repeatable and scalable business model”. He discussed about the rule of strategy , execution , setup structure and culture. He held an interactive session with students encouraging their business plans and helping them understand the essence of startups has more to do with high ambition, innovativeness, scalability and growth. The session was followed by Mr.Bharat Baid. Who believes that to start one should get into the Job market work in a company gain experience and then become an Entrepreneur. He encouraged students to read business novels like The new business road test: What entrepreneurs and executives should do before writing a business plan by John W Mullins . Got an idea for a new business? Take it for a road test to make sure it works before you invest valuable time and money in it. Most new businesses fail. Why? Because no matter how talented you are, no matter how much capital you have, no matter how good your business plan is, if you’re pursuing a ‘lousy business’ – a fundamentally flawed opportunity – you’re on the fast-track to failure. It will enable you to invest your time and money wisely and pitch to investors and customers with confidence. The session was interactive and knowledgeable. Day:-03 Mr. Banwari Lal Mittal, Chairman and Managing Director, Microsec shared his Success Story on day 3. He spoke of Educational Innovation and Technology an exciting opportunity to explore a promising mix — the synergies that can result from combining innovation, the utilization of technology in education and the role of education entrepreneurs in creating new designs that can transform. It is in the interplay of these three factors innovation, technology and entrepreneurship — to produce the synergies necessary to produce Success Stories. The second guest speaker for the session was Mr. Dipak Jalan, Managing Director Linc pens.He narrated his success story and how he made Linc establish itself as one of the market leaders in the Writing Instrument Industry of India. He ended his speech with the quote, “anghutha nhi, kalam uthao”. The last speaker for the session was Mr.krishna agarwal, the founder of Arch The Way an application of IOS and Android. In this app students and teachers could interact with each other and discussed their problem. All the speakers enriched the students approach and motivated them. “The Impossible is often the Untried”. Day:-4 Mr. Vikash Jain, the Guest speaker for day 4 session on Business Plan. He drew attention on the importance of a formal business plan a written description, a document that tells what you plan to do and how you plan to do it. Typical structure for a business plan for a startup venture should include: • cover page and table of contents • executive summary • mission statement • business description • business environment analysis • SWOT analysis • industry background • competitor analysis • market analysis • marketing plan • operations plan • management summary • financial plan • attachments and milestones A pitch deck is a slide show and oral presentation that is meant to trigger discussion and interest potential investors it is a subject of many satires, both to express cynicism and as an educational tool to improve the quality of business plans. The session helped students in getting a clearer picture of how to give a formal shape to their Business Ideas and get desired results. Day:-5 Day 5 was the session by The National Institute for Entrepreneurship and Small Business Development is a premier organisation of the Ministry of Skill Development and Entrepreneurship, engaged in training, consultancy, research, etc. in order to promote entrepreneurship. Mr. Sudip Mallick, Sr. Advisor NIESBUD graced the occasion and enlightens students about the Legal formalities involved. Yes, company filings and regulations are not the most exciting parts of your startup. Yet they’re critical to the health of your business and personal finances. Of course, depending on your situation and type of business, hiring a tax accountant and/or good attorney with specific experience in your industry can go a long way toward helping you steer clear of trouble. He also discussed the various incentives available by the government for various startup and the courses and help required all available for young entrepreneurs to grow and become successful. Thus, the Workshop provided: • Un-comparable practical education from experienced entrepreneur with personal attention. • Improve their Future prospects and get an edge over others. • Learnt the basic steps involve in starting a new business from idea stage to execution and after with practical examples.