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.

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.

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.