Benefits of MBA in Entrepreneurship

It is said that we live only once hence we should live it to the fullest. We know this is a truth but how many of us actually abide by this statement? Do we really understand that this life is a gift of god and we are supposed to live it with a positive attitude? Why don’t we see the brighter side rather than crying over the darker one? Life is beautiful and full of opportunities, you just need to have the eyesight to see and identify them.

The idea to start new business can prove to be a turning point in the life of the person who thinks of doing it. You don’t need much courage to follow the path discovered by others. But it is immensely challenging to discover a new path and lead others on it!!

An entrepreneurship course inculcates all the essential and pre-requisites needed to enter the Entrepreneurship world. There are so many stories of successful entrepreneurs in India. Some have also achieved International acclaim. So this is clear that there is enormous competition out there. So how will you be able to make a difference amongst the others? Will you succeed in retaining a positive stand in the industry? Well, the answer to all this lies ahead!

In order to become an expert, you require expertise. This expertise comes from the experts and leaders of the domain or the industry. Being an Entrepreneur is a tough job which comes with lucrative benefits but very heavy responsibilities. You will be living a king size life but at the same time you will be required to perform specific functions and duties which would directly affect your work profile in the corporate world.

iFEEL i.e. Institute for Future Education, Entrepreneurship and Leadership located at Lonavala is one of its kind residential business school. It is offering you an 11 months course named Entrepreneurship Excellence Program (EEP) which is delivered through world class professionals and experts of the business world.

This program will teach you the following 3 vital stages of Entrepreneurship:

• Start your Business
• Grow your Business
• Turnaround your Business

This MBA in Entrepreneurship will transform you from an aspiring entrepreneur into a successful future entrepreneur who is capable of leading others. People still think that Business skills cannot be learnt and they are taken from parents into children. But this isn’t true. There are so many successful Entrepreneurs who were the first ones in their family to go the entrepreneurship way. You just need to have the passion and self belief that you can make a difference. You have to be the first supporter of your business idea than anyone else. Unless and until you don’t have faith or self confidence, it is impossible to build it in others.

This world creates new opportunities each new day; you just need to have a new way of seeing it!! You can gain more on this by visiting the link alongside and giving your dreams a chance of flying high in the sky of success!!

Click here for more details.

6 Lifetime Companions of a Successful Entrepreneur

“The Entrepreneur always searches for change, responds to it, and exploits it as an opportunity.”- Peter Ducker

No one is a born expert; the course of life makes you one. It is very wisely said that life is our best teacher. Some live it the way it comes, but there are few who dare to believe in their dreams and take the untraveled path. Such a person is called an “Entrepreneur”.

The business world today is very challenging and complex than ever before. The introduction of newer and advanced technologies has made the corporate industry even more competent. When you decide to start your own business, you agree to have chosen a path that would require a lot of hardwork and dedication. No one wants to invest huge amount in business and then incur larger proportions of loss. Every business is formed with the sole reason of earning profits and goodwill.

Entrepreneurship and Leadership skills are the combined results of various pre requisites for an Entrepreneur. Even the small retail shop which you have round the corner of the street has a defined plan of action which is religiously followed by the shop owner and the others who run it.

In order to reach the level of Entrepreneurship Excellence you need to have the following assets with you till the end of your life. If you do this, then success will no longer be out of your reach!

     A well functioning watch: 

     An entrepreneur cannot afford to be late. Imagine your every second= 1 gold coin. Then would you do? You will try to save the gold coins as many as you can or you will keep on wasting them? Obviously you will opt for the first option. So, in order to ensure that you are never late for anything, a watch is the most essential assets which every entrepreneur should have.

     Optimism: 

     Failure and success follow each other throughout the life of your business. An entrepreneur who stops at a failure losses the golden opportunity hidden behind it. Remember, everything that happens in business has an underlying reason to it. You should have the ability to identify that and turn every failure into a stepping stone to reach your success milestone.

     There is no substitute for hardwork: 

     If you think that money or any other element can take the place of hardwork, then you are absolutely wrong. All successful entrepreneurs will give you one common advice to grow your own business i.e. hardwork, hardwork and continuous hardwork. A business is never successful enough for its entrepreneur to stop doing hardwork.

     Honesty: 

     A small lie can cost you your entire business. Don’t make this foolish mistake of attempting to lie or misguide any one through your business. An honest entrepreneur will cover the extra mile and will retain the place in the minds of the target audience forever. Entrepreneurship is not only about making profits, but also about building strong bonds with the people whom your business serves.

     Competent: 

     Being competent is essential, but considering others less competent is a mistake. Once you develop an over confidence regarding yourself, you will never be able to develop new businesses or even prosper in the existing one.

     Values: 

     One should never forget that before being an entrepreneur, he/ she are a human being. You should never compromise on your value system to attain certain rewards in business. You as an entrepreneur are setting examples for your generations to come. Do you want them to learn running businesses with a dishonest and corrupt value system?

All of this and much more can be learnt from iFEEL who is creating new entrepreneurs and develop Leadership skills in the existing ones. iFEEL is a world class residential business school located at Lonavala and is AICTE affiliated. Global Education Trust has established this Institute in the year 2010.

Along with the other programs which this unique institute offers, Entrepreneurship Excellence Program (EEP)/ Family Managed Business (FMB) Program is the newbie in its basket.

This Entrepreneurship Excellence Program helps to build strong and capable entrepreneurs who would be more than efficient in contributing substantially towards the economy. Innovation is seen in everything of iFEEL; right from its best in class Infrastructure to its creative learning methods. The students at iFEEL enjoy an enriching journey that leads them directly to Entrepreneurship success.

Are you a student? start up or an aspiring Entrepreneur?

Whichever category you fall in, iFEEL will change your life into a lifestyle which is full of opportunities and happiness!

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These 11 Months Can Change Your Life

“The best way to predict your future is to create it”. - Abraham Lincoln

The future is an unpredictable. No one knows what it has in store for us. We cannot predict it, absolutely correct. But we can create it, 100% correct!

There are many who are not satisfied with their present life. They adjust and compromise in life. You may have the desire for something but might settle down for something else because you feel that the former is out of your reach.

Remember, god has given immense power to mankind. It depends upon us, as to how we use them. There are many who waste their entire life doing something that someone else wants him/ her to do in order to achieve certain goals. They ignore or rather sacrifice all their dreams and aspirations and live life for the sake of it.

If you have the idea to start your own business, you should definitely pursue it ahead. No idea is small or big. The way it is executed makes it big or small. Firstly, you as a person should have confidence and belief in your ideas and thoughts.

An Entrepreneur is the person who decides to live few years of his/her life like others won’t, so that later he/ she can live a life that others can’t. How impactful is this sentence! If you also want to make a difference and want to do something that you love but don’t know how and from where to start your Entrepreneurship journey, then you are at the correct place!

When one can do a stable job and earn his/her living, then why should he/ she take risk of starting his/ her own business? The answer is very simple. One should take this decision to enjoy the fruits of success for life time. when you develop new business, your efforts= your gains. You get the reward you deserve for the hardwork you put into the business.

iFEEL (Institute for Education Entrepreneurship and Leadership) is an AICTE approved residential business school located at Lonavala. It is established by Global Education Trust in 2010.

It is offering an 11 months Family Managed Business (FMB)/ Entrepreneurship Excellence Program (EEP). This is a unique program which is designed keeping in mind the requirements of the Entrepreneurs in today’s challenging times. It helps in developing Entrepreneurial and leadership skills in the students.

Features of this 11 months Residential Entrepreneurship Program:

This program has special focus on the 3 pronged structure i.e., start, grow and turnaround business.

Start business: This program enhances your capabilities and thinking abilities to transform them into a successful business. To start the business is the most crucial step in your Entrepreneurship journey because this step will decide success or failure of business. There are many stories of startup businesses that failed. This happened because they made mistakes which resulted in their failure. This program guides you and enlightens you with the insights of how to start a business successfully and keep running for long.

Grow Business: Growth is essential for any type of business. The existing Entrepreneurs are always seeking new and innovative ways to grow in their business segment. They want to perform better than their competitors. True innovation comes from within you. This feature is for the Entrepreneurs who want to reach enviable heights in business.

Turnaround Business: Many Entrepreneurs lose hope after they fail once. Incurring loss in business is ordinary but, the conversion of this loss into profit is extraordinary. This program teaches you how you can change the business failure into success. Helps you to identify the areas of your business which require improvement. It helps the Entrepreneurs revive their Businesses which are functioning below their potential.

Other features include:

• Guest Lectures by Industry Experts and CEO/COO’s
• International and Indian Industrial Tours
• Customized Study Materials
• Global Best Practices
• Program Advisory Cell
• Exposure to Business and Trade Associations
• Residential Campus

Opportunity doesn't knock the door multiple times. Contact iFEEL today and change your life from a Job Seeker to a Job Creator with this 11 months unique program!

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5 Essentials of a Successful Business Model

“If you fail to plan, you are planning to fail”. - Benjamin Franklin

An Entrepreneur starts his journey with an idea which he believes in. Then he converts the idea into a successful business. The strategies and policies which he formulates, decide his fate as an Entrepreneur.

To start your own Business is a wonderful thought, if it is executed in the right manner. There are many different things which have to be taken into account. You have to take each step carefully. Your one mistake can cost you a lot. We read success stories of many Entrepreneurs and wonder the secret behind their success. Everyone does hard work, then why is it that few succeed and others fail? The success of a Business is determined by the efficiency of its business model.

What is a Business Model?

A Business Model is the detailed plan of the business functions, the target audience, the sources of revenues and profits, products/services offered details of finance sources, policies and marketing strategies.

The essentials of a Successful Business Model:

Your business goals and objectives: 

The goals and objectives of the Business should be understood in a detailed manner. Entrepreneurship is about leadership. If you will not be clear about the goals and objectives, then how would you convey it to your employees? Success will come only when you have a defined vision and are motivated to reach a particular goal/ target.

Product/ services offered: 

The Business model should have complete knowledge of all the specifications and features of the products and services offered by the company. To develop new businesses, innovation is required. It helps you to understand the strengths and areas of improvement in the business.

Customer base/ Target Audience: 

Each Business operates on a different tangent. Having same target audience is common, but the way of reaching them makes the difference. The Business should be focused and dedicated towards its customers. Having a clear idea of who is your target audience is an essential component of reaching business success.

  Marketing strategies: 

     Marketing is the soul of any business. It plays the role of representing your company and its products/ services in front of all stakeholders. The strategies of marketing include advertising ways, ATL & BTL activities and Digital marketing etc.

  Channels of distribution: 

The product of a Business Company will be of no use unless it reaches the consumers on time. Choosing the correct channel of distribution means transporting the products to the right target audience through the right channel (mode of transport) on right time. The channel of Distribution should be time and cost effective. To run a new business, adopting the most appropriate and suitable channel of distribution is important.

iFEEL is a unique Residential Business School located at Lonavala. It was established by Global Education Trust in 2010. It is an AICTE affiliated residential business school.

iFEEL is offering Family Managed Business (FMB)/ Entrepreneurship Excellence Program (EEP). This program is of 11 months. Below are few features of this Program:

Ø Focus on Three Pronged Structure for Entrepreneurs (Start, Grow or Turnaround Businesses)

Ø Guest Lectures by CEO/COO’s

Ø International and Indian Industrial Tours

Ø Residential Campus

Ø Holistic Approach to Management Learning

Ø ONLINE LECTURES (Anytime Anywhere Learning)

Ø Case Study Based Learning Approach

Ø Program Advisory Cell for Providing Guidance to Participants

Ø Exposure to Business and Trade Associations

Ø Customized Study Material

Grab this golden opportunity today! Click here to feel the iFEEL difference!!!

6 Unique Ways to Overcome Business Loss

“Success consists of going from failure to failure without loss of enthusiasm”. -    Winston Churchill (Former Prime Minister of the United Kingdom)

You started with a dream to start your own business. You had some specific goals and objectives to achieve. You wanted to establish the brand name of your company which you might have succeeded in. Today, there are many Entrepreneurs who stop their company because it is running in loss.

                 We all are familiar with the proverb; “try and try till you succeed”. Then why don’t we apply its meaning in our lives? Why do we lose hopes? Why can’t we keep an optimistic approach in life? Well, the answer to all these questions is FEAR. Yes. The human race is subjected to fear in all things. We fear the future and as a result of this we ruin our present.

Same implies in business. When you started your Entrepreneurial Journey, you might have faced many hurdles and obstacles in your way. Many people might have discouraged you and underestimated your potentials. Did you stop at this? Did you think they are right? No. Instead, you took the decision to prove all of them wrong. You wanted the world to praise your Entrepreneurship skills. Then why do you quit when you incur heavy losses in business?

Business is not as complicated as people tend to showcase it as. Belief in yourself, hard work, love your work, leadership, focus, knowledge, patience and an optimistic mind are among the key elements that contribute in the success of the business. Grand success comes only after great Failures. You will not know the significance of success if you haven’t experienced failure.

There are many reasons for a business to fail/incur loss:

• Poor communication strategy
• You are not able to reach out to your target audience in the appropriate manner
• There is scope of improvement in your product or services
• Your team is not working effectively or you need to recruit more talented and skillful people in your company
• You are not taking calculated risks
• You need to formulate a new marketing strategy for your business

You are not taking your competitors seriously etc.

Turning your business loss into profit is not impossible. Everything can be achieved if you have faith in yourself.

Ways to overcome business loss:

1.     Be optimistic: you can conquer the entire world with positive thinking. Keep telling yourself “NOTHING IS IMPOSSIBLE”.

2.     Nothing is constant in life: It is the golden rule of life. Everything goes through a change. In life, there are good and bad both days. There is no one who hasn’t faced a problem in life.

3.     Turn loss into positive loss: confused? It is very simple. Every failure that we face has some lesson hidden behind it. We should have the ability to identify it and make the most of it.

4.     Failure brings you closer to success: it is said that when one fails to achieve something, he is coming one step closer to his goal. Read the story of any successful Entrepreneur, you will find all of them had failed to attain their objectives initially. But they did not stop there. They turned it into a lesson and converted it to success.

5.     Don’t waste time worrying: “worry is like an armchair. It gives you something to do for the time being, but it gets you nowhere”. Firstly, you are facing heavy loss. Instead of doing something about it, you sit down worrying. Avoid this. Use that time for doing something about the loss. Think of ways unexplored and how you can achieve success.

6.     Motivate your employees: your team matters the most in order to succeed. If your team loses interest in the job, it will worsen the situation. Employees always inspire their boss. If you will have a tensed face, it will make the employees more nervous and insecure. Rather, have a smile on your face and hold your head high. Assure them the power of team work. Make them know how important their contribution is.

Institute of Future Education, Entrepreneurship and Leadership (iFEEL) is a residential Business School, established by the Global Education Trust in 2009. It is situated on five acres of lush green land at Lonavala. It is an AICTE affiliated residential business school that provides 2 years full time PGDM program.

Entrepreneurship Excellence Program (EEP) / Family Managed Business of iFEEL is a unique program which is designed keeping in mind knowledge, skills and the best global practices required to run businesses successfully in today’s time. Practical knowledge and tips from real life entrepreneurs help participants sail through ups and downs of business.

It has a 3 pronged structure; start, grow and turnaround. Contact iFEEL today and turnaround your business forever!!

Click here for more details

Entrepreneurship Excellence Program Advisory Cell

In any learning program it is very important to get the best of the advice from the experts. Their advice not only guides us but also enlightens our journey to be successful like them one day. When we talk about becoming an Entrepreneur in the current challenging business market, it is very essential to always be one step ahead having a solution to all the hurdles. You don’t want to invest a huge amount just blindly anywhere and anyhow without any expert advice and repent later. After all you are going to put in your hard earned money which is your savings of years into the business. What if I tell you there is one such program which brings the advice of finest industry experts to you? I know it’s a bit hard to believe but it’s absolutely true.

     iFEEL’s Entrepreneurship Excellence Program (EEP) is what you are looking for. It is a program designed keeping in mind all your entrepreneurial requirements and indeed gives the perfect shape to be a successful Entrepreneur. Let us see what EEP has in store for you in the form of its advisory cell.

EEP Advisory Cell

• It is the finest combination of experts across industries such as Banks & finance services, Education, E-commerce, Infrastructure, IT, FMCG, Oil & Gas, Retail, Real Estate, Steel, Telecom, Textiles, etc.

• This advisory cell comprises of Management Experts from Finance, Marketing, Human Resource, Operation & Real time successful Entrepreneurs.

• You are getting a set of advisory cell which has more than 100 years of experience all at your service.

EEP Advisory Cell consists of the following experts:

• Mr. Umesh Sadanand Joshi

Post: General Manager- Operations (Mahindra & Mahindra Ltd)

Industry – Automobiles and Heavy Engineering

• Mr. Pravin Kirplani

Post: General Manager- competitive accounts (Oracle India Ltd)

Industry: Information Technology and ITES

• Mr. Shivakumar Ganeshan

Post: Director- Finance (Hyatt Regency)

Industry: Hospitality and Real Estate

• Mr. Hari Krishan Lal

Head- IT (Trident Group)

Industry- Textile and FMCG

• Mr. P. Narsimha Rao

Post: Senior Vice President-HR (Reliance Industries Ltd)

Industry: Oil & Gas and Industrial Goods

ROLE OF THE ADVISORY CELL (organic & inorganic)

• Facilitation of your business plan helping you to bring ideas from mind to a piece of paper and then finally in reality

• Advice on Finance and Schemes for Entrepreneurs

• Marketing strategy & Digital Media Usage

• Quality management guidance

• Advice on optimizing human resource productivity

• Identification of key areas of improvement

• Establishing system & processes for business growth

• Identification of challenges in modern business world

• Coping with volatility, uncertainty, complexity and ambiguity(VUCA) of the world

So you are being gifted with the magic spell of starting, growing and then sustaining a successful business plan and run a new business. You are getting all of this at iFEEL’s Entrepreneurship Excellence Program which is designed for grooming Entrepreneurs and Future leaders by keeping in mind the requirements of Entrepreneurs in today’s challenging times. With the campus of iFEEL situated in the enchanting, close to nature serene Lonavala with all world class learning facilities what more can an aspiring entrepreneur ask for?

Don’t just be ANOTHER ENTREPRENEUR be a SMART ENTREPRENEUR.

Comprehensive Management Program “ In Family Managed Business"

 All of us might have sometime come across that one friend who was from a family managed business family. How we admired the thought of just carrying forward what our elders had hard worked on. But that was a very immature age to understand the maturity of this business. But as one enters the professional competitive world, the urge to develop new business arises within him. Who doesn’t want to make his own name in the industry? And Family managed business acts as the cherry on the cake!

When we talk about Family Managed Business in INDIA we are speaking of all the generations that comprise of the family. Not only does it involve the family/blood relation members, but it also consists of family friends, colleagues or other skilled people. Now we will learn the different aspects of this business.

FAMILY:  this business system involves the family as the core element. By family we mean all the generations that live in it.(forefather-grandfather-father-son/daughter etc)

OWNERSHIP: here comes the most critical element. The hands in which the ownership of the business lies, they have to be the most strongest of all because they have to hold each member close enough to sustain the business in the most profitable manner.

MANAGEMENT: again, it builds the base of any family managed business.the operation as well as the management of a Family Business is not an easy task. It involves the study of all the complex market developments and plays the most crucial part in balancing all the members individual interest with the interest of business.

This business is often criticized with the thought that business cannot be done with family members. It disturbs the emotional relations due to working imbalances. It is said that the older generation starts, grows, expands, widens the business and then the newer young generation destroys it due to its immaturity. But you will agree with me that this is subjective. Not all young aspiring business entrepreneurs follow this route. Infact, in today’s fast growing world each of us are mature enough to understand the responsibility of new business startup.

Few examples of family managed business are:

Aditya Birla Group

Ford

Mittal Steel

Raymond Group

Toyota

Tata Group

Walmart

Samsung                                   

         Your name could be next in the list. You just have to do a Family Management Business Course. This opportunity is being given to you by iFEEL in the form of Entrepreneurship Excellence Program. It is uniquely designed to focus on the grooming Entrepreneurs and Future Leaders. This program is designed keeping in mind the requirements of Entrepreneurs in today’s challenging times. Now it’s your turn to make the most of this program and expand your family business to higher levels.