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.

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.