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!

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Be your own boss with Entrepreneurship Excellence Program

Let’s face the reality, all the working professionals have that one sudden feeling wherein they imagine themselves to be in the place of their Boss. Who doesn't want to start a new business and enjoy all those privileges which are entitled only to the boss? I am sure all of us do. This feeling is quite normal and is the result of the current highly competitive business conditions. Now is the time to convert this most dreamt about thought in reality. Use your potentials, capabilities, creativity and efforts in the right direction and start your own business.

Firstly let’s understand how you can benefit by being your own boss/Entrepreneur

·        Enjoy the freedom to choose who you want to work with: many a times in organizations one complains of not being able to gel up with few colleagues due to different reasons. Now obviously being just another employee of the company, you don’t have any option other than making adjustments at your work place. This shows its effects on your work performance. So why not be your own boss and live life the way you want.

·        Grow your own business:  once you are an Entrepreneur, you get the chance to grow your own business according to your own aspirations. You can follow your instincts and explore all the variations of business.

·        Create opportunities for yourself and others as well: once you start your journey as an Entrepreneur, you don’t grow alone. You play a vital role in the lives of your employees. When you grow and expand your business, opportunities are created for you and your employees also.

“Great power comes with great responsibility” is the proverb taught to us since school age. This is the best example to understand that if being an Entrepreneur is so advantageous, the responsibilities of it would be even larger.

Your role as an Entrepreneur:

    Have a detailed plan of the business idea: you should have a unique detailed plan for your business. Your business won’t stand a chance unless it’s able to stand out in the market. Your plan should be in your mind and then appropriately put down on a paper so that you can make it reality!

     Human resource management:
Your employees are going to define your success or failure. Without the proper human resource in your company you will not be able to run a new business. You should select skilled people as required by your business. You and your employees go hand in hand on the road to success.

     Research:
You should be updated about the slightest movement in the business industry for which continuous research is required. By doing this you learn what your competitors are doing in their business, get a chance to learn from their mistakes and formulate new improvised strategies for your business.

We at iFEEL completely understand your needs and how to groom aspiring Entrepreneurs into Successful ones. Entrepreneurship Excellence Program is the most unique and customized Program designed keeping in mind the requirements of Entrepreneurs in today’s challenging times. It also has the weekend Entrepreneurship Excellence Program to add to its uniqueness.

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Be An Entrepreneur And Create Jobs

India is the world’s second most populous country with a population of around 1.252 Billion (as per 2013 census reports). If the number of people is increasing, it goes without saying that so are the necessities. We humans have many basic requirements in life without which we can’t survive. Amongst them the most important one is Money. Be it the Rural or the urban regions, all are in the race to earn a livelihood and give a decent lifestyle to their families. When we talk about a City like Mumbai, it is employment which figures top amongst most prominent needs. You may be wondering why I am telling you about all this instead of speaking about Entrepreneurship. Well, it all goes together.

         When you speak of the word Entrepreneur,

You are speaking of a very vast element. An Entrepreneur is a person who is the owner of a business or venture and who takes up all the responsibilities for its functioning and management. He is the one who starts a new business with the intention of growing it to the best of his/her capability. Now, it’s obvious that he/she will create a job for himself but how is this related to creating jobs for others? Hold your curiosity for a while as I explain you further.

Entrepreneur- the creator of Jobs

• Human Resource: Any business irrespective of its size or nature cannot function without Human resource. Just imagine yourself doing business all alone. Not possible right? As you start recruiting suitable people for your Firm, you create jobs for them. As the number of your business requirements increase, the number of you creating jobs through recruiting.

• Taking calculated risks: As an Entrepreneur, you have to continuously thrive to develop Entrepreneur and leadership skills. This includes taking calculated risks in business. You will do this in the form of expanding your product line, trying new products, increasing manufacturing and production capacity etc. Each of this will involve more skilled manpower.

• Contribute to Wealth of the country: You have started a new business, developed it to higher levels and generated jobs for many people. In return you make profit which also benefits your employees. When the number of employment increases it will have a direct contribution to wealth of the country by increasing its GDP through increase in domestic consumption.

Your role doesn’t end at just being successful yourself. You are the one who directly creates opportunities for others as well as benefit the country economically. If you are eager to start your journey as an Entrepreneur, I have good news for you. Institute for Future Education Entrepreneurship and Leadership (iFEEL) is the best option for you. It is a residential business school at Lonavala established by Global Education Trust in 2010. It has designed a unique Entrepreneurship Excellence Program (EEP) which focuses on grooming Entrepreneurs and Future Leaders. This Program is formulated keeping in mind requirements of Entrepreneurs in today’s challenging times. It is the perfect mould for shaping your Entrepreneurship. Don’t just do a job, rather create it for others!

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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.