Be an Opportunist and Start Your Own Business

“One of the huge mistakes people make is that they try to force an interest on themselves. You don’t choose your passions; your passions choose you.”  - Jeff Bezos (founder and CEO of Amazon.com)

Are you one of those unfortunate people who turn deaf ears to their passions and aspirations? If yes, then you have wasted your life to a large extent. Doing something practical in life is accepted, but quitting ones dreams just because they seem impractical is a wrong approach. Even the tiniest dream seen by you has a deep meaning and purpose behind it. One must possess the insight of identifying it.

To start your own business you need to have self belief and self control. But one may ask that when there are secure jobs available then why should I take the risk of starting my own business? What if it fails and doesn't give the expected results? These are amongst the common questions thought upon.

Being a startup isn't that complex as it is portrayed to be. If you have a workable (achievable in real life) business idea and you have full faith in it, then no one in this entire world can succeed in blocking your way to success. Do you really feel that in such complex and dynamic business world like today’s a job is the perfect choice? Even there you can be asked to resign by the supreme; your boss! No one can dare to go against the words or decisions of them.

In fact, when you run a new business, you get the direct returns of your efforts. Your future is the outcome of what you do in your present life. We all are well acquainted with the fact that there is only one lifetime which is highly unpredictable. Taking risks in life results in the most beneficial and productive outcomes. People will start appreciating you only when they see the same appreciation in your eyes for your business.

An entrepreneur is the creator of his/ her own destiny. Being one ensures that you can foresee all the possible opportunities as well as obstacles so that you can prepare yourself for them.

Top reasons for commencing your entrepreneurship journey:

     Worry free future:
when you develop new businesses, you not only secure your future but also of those connected with you. You don’t have to live with the fear of losing your job or someone else eyeing your promotion/ designation. Now, with the help of favorable business conditions, one can succeed as an Entrepreneur and conquer his/ her future!

     No compromise with personal commitments:
You will be able to spend time with your family and friends whenever you wish to. This is one of the most attractive reasons of being an entrepreneur. Who doesn't want to bring broad smiles on their loved one’s faces?

     Plan a holiday:
This is one thing for which many office workers struggle. Being an entrepreneur allows you to plan a holiday for the number of days as you require.

     Fix your own work timings:
You can fix your work timings as per your convenience. But this doesn't exempt an entrepreneur to be ignorant and careless towards his/ her business.

     Profit or loss:
It’s all yours! Whatever be the result of your business, it is all yours. You get the direct return of your efforts and hence there is high level of contentment associated with being your own boss.

You can grow your own business ideas with the leaders. iFEEL is one of its kind residential business school located at Lonavala amidst its scenic natural beauty. This Institute is AICTE approved and has world class infrastructure and amenities for all its students.

It is offering 11 months Entrepreneurship Excellence Program (EEP)/ Family Managed Business (FMB) program. This program aims at creating future leaders and entrepreneurs who will survive in the most complex business situations and prove to be successful.

This program also helps to develop entrepreneur and leadership skills within you.

It has its special focus on the 3 pronged structures for entrepreneurs;

Start your business, Grow your Business and Turnaround your Business.

Start your startup journey with the pioneers!!

Click here for more details.

Become a Global Entrepreneur

Starting your own business and the journey of becoming a successful Entrepreneur, involves a lot of expertise as well as being updated with the current developments in the business industry. No one wants to restrict his business only to few cities or countries. All aspiring entrepreneurs have the urge to make their business global. The thought is great but path to achieve this is not at all a straight road. It has lots of bumps and hurdles. Here is the reason why you need to get the exposure to best global practices being applied worldwide.

(picture of global business)

                    The iFEEL’s Entrepreneurship Excellence Program is designed to make you familiar with the global practices adopted around the globe. In this program you learn how to become global Entrepreneurs overcoming all the challenges in way. You get the inputs of experts from different industry backgrounds hence your knowledge gets diversified. Program includes Case Study from Harvard Business Review and other business schools which covers Business situation of Fortune 500 companies in the world.

To give you a better perspective of global practices, this program organizes international Industrial Tours of 8-10 days to china, Japan, Germany, Singapore, Sweden. These tours are organized to help you understand global business, culture and people. iFEEL provides its entire students one international study tour to give them good international exposure experience.

The benefit of such International Industrial Tours are:

  v Knowledge of the global culture: did you know that culture can play a significant role in your journey of Entrepreneurship? Yes it indeed does have an impact on your business success. Imagine yourself meeting client from china. If you won’t understand their gestures then your deal is surely cancelled. My point here is that when you are in business especially when you want to expand it globally, then you need to have a thorough knowledge of business etiquettes as well as the cultures of all countries. You never know who your next client would be!

The Following are some of the Global practices which we are talking about.

  v Kaizen: This is a Japanese word which means ‘Change for Better’. It refers to the activities done to continually improve all Functions and involves all the Employees of the organization right from the CEO to the line of Assembly workers. With the application of this business practice, you will grow your own business to a higher tangent.

  v LIFO (Last in First out): This business practice is rare but yet very helpful for sellers of Homogenous commodity products such as bricks, sand, stone etc who take huge piles of them. This makes the oldest batch of product to sit at bottom for much longer durations than newer ones. Companies like vending machine operators choose this because the first product they put in the machine is sold out last.

  v FIFO (First in first out): this business practice implies that the products purchased first are sold out first. Companies selling perishable goods like food, which expire after a certain time limit apply this practice. Even companies that sell products that have relatively short demand cycles such as designer fashion clothing apply this to ensure they are not stuck with outdated styles.

  v Just in time: this practice is used to increase efficiency and decrease waste by receiving only that much amount of products which match the estimates of demand by the production team. The products arrive just in time which reduces inventory costs. Best example here is of car manufacturing companies. They bring in parts only when it is demanded. This practice is a shift from just in case (where lump sum goods were purchased in case the demand goes high).this practice is very helpful to develop new businesses.

  v SIX SIGMA: This is a business quality improvement method that enables organization to streamline production by reducing the number of defects that impact customers and increase costs. This practice has its roots in manufacturing industry but now finance, banking, healthcare & government industries have also adopted this.DMAIC(define, measure, analyze, improve & control) is at the core of six sigma

iFEEL’s uniquely designed Entrepreneurship Excellence Program is completely Entrepreneur oriented. You get all of the above advantages & knowledge in the best package in this program. Opportunity knocks on your door once….grab it now!

Click here for more inquiry

Awaken The Entrepreneur Within You

It is said that an individual has complete knowledge of himself. He knows what his strengths and weaknesses are. But we are often not familiar with few of our attributes. Some of our qualities lie unacknowledged. One has to do a self-assessment practice to identify his hidden qualities. Have you come across a situation when someone compliments your smile and then you suddenly realize that indeed you have a beautiful one? I am sure we all have been witnesses of such situations where we come to know of our qualities only after someone pointing it out to us. This holds truth in case of Entrepreneurship journey as well.

       Not all Entrepreneurs knew from birth that they would want to be Entrepreneurs down the line of life. It all happens when one comes in connects with his/her inner self. Let’s see what qualities define an Entrepreneur: 

 

      Leadership: Being a team player is very different than being the team leader. A leader is the driving force which moves the team to success. It is the most essential quality required to be an Entrepreneur. How you use this quality determines the success or failure of your Business. An Entrepreneur has to monitor the performance of every team member closely and convert their individual objectives into the ones required by business. If you have always been complimented after being a leader in school, college or work teams then life has already given you the cue!

        Creative:  This quality makes an Entrepreneur stand out in the crowd. When you start a new business, you have to be creative. Actually I feel only if one is creative, only then he would be able to come up with the unique business idea. Creativity is one such element which has no ends. What better way can you use your creativity other than applying it in your business for earning great profits?  DON’T JUST BE CREATIVE, USE YOUR PRODUCTIVITY!

        Time management:  Time is the most precious asset of life. Unfortunately, very few understand its worth. To run a new business, time plays a crucial role. You have to use it in the best profitable manner because not a single minute would come back to you once wasted. In business you have manage different aspects such as:

•   Production

•   Marketing & Promotion

•   Sales

•   Finance & Accounts

•  Administration

•   Customer Relationship Management

•   Human Resource Management

You have to be a Pro in all of these and you have to monitor performance of all the departments to succeed.

Being clear about the vision and mission of the business: Entrepreneurship is successful only if the Entrepreneur has a clear understanding of the vision (ideology and principles of the business) as well as its mission (what the business wants to achieve, in how much time, how and its objectives). The employees get misguided if the Entrepreneur isn’t clear about the vision and mission of the business.

 Communication Expert: No business can succeed without effective communication. You have to be heard by the customers. Here, the quality of communication comes to action.

“The primary task of leadership is to communicate the vision and the values of an organization. Second, leaders must win support for the vision and the values they articulate. And third, leaders have to reinforce the vision and the values”

-         Frederick Smith, FedEx Chairman and CEO.

You will never know how good you are at something unless you try. Just sitting there and saying “this is not my cup of tea” doesn’t make sense. iFEEL has come up with a very unique Entrepreneur oriented Entrepreneurship Excellence Program of 11 months (also available in the form of a weekend program). This is the perfect program to Develop Entrepreneur and leadership skills in you. Identify the hidden Entrepreneur in you and make the most of it.

Become A Global Entrepreneur

Starting your own business and the journey of becoming a successful Entrepreneur, involves a lot of expertise as well as being updated with the current developments in the business industry. No one wants to restrict his business only to few cities or countries. All aspiring entrepreneurs have the urge to make their business global. The thought is great but path to achieve this is not at all a straight road. It has lots of bumps and hurdles. Here is the reason why you need to get the exposure to best global practices being applied worldwide.

                    The iFEEL’s Entrepreneurship Excellence Program is designed to make you familiar with the global practices adopted around the globe. In this program you learn how to become global Entrepreneurs overcoming all the challenges in way. You get the inputs of experts from different industry backgrounds hence your knowledge gets diversified. Program includes Case Study from Harvard Business Review and other business schools which covers Business situation of Fortune 500 companies in the world.

To give you a better perspective of global practices, this program organizes international Industrial Tours of 8-10 days to china, Japan, Germany, Singapore, Sweden. These tours are organized to help you understand global business, culture and people.iFEEL provides its entire students one international study tour to give them good international exposure experience.

The benefit of such International Industrial Tours are:

Knowledge of the global culture: did you know that culture can play a significant role in your journey of Entrepreneurship? Yes it indeed does have an impact on your business success. Imagine yourself meeting client from china. If you won’t understand their gestures then your deal is surely cancelled. My point here is that when you are in business especially when you want to expand it globally, then you need to have a thorough knowledge of business etiquettes as well as the cultures of all countries. You never know who your next client would be! 

The Following are some of the Global practices which we are talking about.

• Kaizen: This is a Japanese word which means ‘Change for Better’. It refers to the activities done to continually improve all Functions and involves all the Employees of the organization right from the CEO to the line of Assembly workers. With the application of this business practice, you will grow your own business to a higher tangent.

• LIFO (Last in First out): This business practice is rare but yet very helpful for sellers of Homogenous commodity products such as bricks, sand, stone etc who take huge piles of them. This makes the oldest batch of product to sit at bottom for much longer durations than newer ones. Companies like vending machine operators choose this because the first product they put in the machine is sold out last.

• FIFO (First in first out): this business practice implies that the products purchased first are sold out first. Companies selling perishable goods like food, which expire after a certain time limit apply this practice. Even companies that sell products that have relatively short demand cycles such as designer fashion clothing apply this to ensure they are not stuck with outdated styles.

• Just in time: this practice is used to increase efficiency and decrease waste by receiving only that much amount of products which match the estimates of demand by the production team. The products arrive just in time which reduces inventory costs. Best example here is of car manufacturing companies. They bring in parts only when it is demanded. This practice is a shift from just in case (where lump sum goods were purchased in case the demand goes high).this practice is very helpful to develop new businesses.

• SIX SIGMA: This is a business quality improvement method that enables organization to streamline production by reducing the number of defects that impact customers and increase costs. This practice has its roots in manufacturing industry but now finance, banking, healthcare & government industries have also adopted this.DMAIC(define, measure, analyze, improve & control) is at the core of six sigma

iFEEL’s uniquely designed Entrepreneurship Excellence Program is completely Entrepreneur oriented. You get all of the above advantages & knowledge in the best package in this program. Opportunity knocks on your door once….grab it now!