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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Secrets of Entrepreneurship Success

"When everything seems to be going against you, remember that the airplane takes off against the wind, not with it."- Henry Ford, founder of Ford Motor Company.

There are two ways to live your life; first one is to live life as it comes. The second one is living life the way you want. It is all about daring to think different and walk alone on the path you believe in.

We often hear and read stories of Successful Entrepreneurs and wonder the secret behind it. It is based on the formula “no gain without pain”. Every entrepreneur goes through many hardships before achieving success. Multiple failures lead to one big success. It depends on whether the entrepreneur wants to learn from the mistakes or keep repeating them.

To start your own business, you require strong belief in your idea of business and a workable execution plan. You have to be prepared to face the worst situations without any warning. Most of today’s successful Entrepreneurs started their Entrepreneurial journey all alone. There was no one who had faith in them. But they remained firm on their thought. This quality makes an entrepreneur unique.

Entrepreneurship success is not a cakewalk. It is the result of tireless efforts of the entrepreneur. It is the outcome of hardwork combined with optimistic thinking.

However, there are few secrets which can be useful to you.

            Do what you really want to do: You are in Business world which is highly subjective to change. You have to expect the unexpected. In such a situation, don’t panic or get under pressure. Stay calm, and continue doing what you really believe in. There is nothing in the world that can stop you if you believe in yourself. Don’t adopt those methods which you are against your interests.

  

     Love your business: Treat your business equivalent to your Family. You should have love and respect for it. Great ideas will fall in place only when there is a happy face behind it. Others will appreciate your business only when they see the same in your eyes.

           Small steps= Big Differences: Ever observed how a baby walks? It takes tiny steps, very carefully. You have to do the same in Business. It is a misconception of many that in order to survive in the highly competitive environment of the corporate world, an entrepreneur needs to take big steps. The ones who do this are sure to fall in a dark pit of failure. Don’t be one of them. Analyze each possibility before taking any step in business. One wrong step can end your journey.

     Learn from failures: Failures have the power to teach you the most valuable lessons of life. They teach you the real essence of success. If you are able to convert each failure as a stepping stone to success, then the sky is the limit for you! Stand up head high after falling deep down. Make each fall count.

     There is a very fine line between confidence and over confidence: Having confidence in your work is good but being over confident about the same is very bad for your business. You have to set an example for the rest. If you are running a Family managed business, then the responsibility lies on your shoulders to motivate the future generations to enter the family business.

           Entrepreneur never stops thinking: To gain the highest altitudes of success in business, you should always be on the hunt of new ideas and thoughts to enhance your business. This profession has comfort but no time for wastage. Each minute spent should be utilized in the benefit of the business.

            Successful Business Model: The most important and pre requisite factor of entrepreneurship success is having a Business model. Without which your business will not stand firmly and soon collapse.

            Teamwork is everything: Without the help and support of your team of employees you will be unable to reach any business objectives and goals. You have to hold the team together and move in the direction of everyone’s benefits.

     Ego leads to pit of darkness: Never develop ego about anything. Develop entrepreneur and leadership skills within you that are positive in nature.

iFEEL is the perfect place where future Entrepreneurs are born. It is a Residential Business School located at Lonavala and established by Global Education Trust in 2010.

iFEEL is offering a 11 months Entrepreneurship Excellence Program (EEP)/ Family Managed Business (FMB) program. This program is tailored for developing future entrepreneurs and giving leaders of business to the corporate industry. this program focuses on the 3  main components of business: START, GROW AND TURNAROUND BUSINESS.

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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!

Click here for more details.

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!!!

Just Shift 1 Letter & CHANGE Your Life from EMPLOYEE TO EMPLOYER!

Money is one of the most important elements of our lives. For every single thing you require money. In the materialistic world like ours, it is impossible to survive without money. The population growth rate is increasing rapidly. As a result, the competency level has also increased considerably. There is no shortage of talent in any field or area.

We obtain quality education with the objective of acquiring a desirable job. We look out for job opportunities in every field. Sometimes, this ends in disappointment. With increase in population it is essential to increase job opportunities to meet their needs. 

There are 2 kinds of people; Employee & Employer. Let’s understand the characteristics of each.

LIFE OF AN EMPLOYEE:

• A Fixed, non adjustable 9 to 5 job routine 
• No direct benefit of efforts 
• Follower 
• Job seeker 
• No time for family 
• Holiday plan only once a year 
• Slow growth 
• Expects higher salary from the boss progressively 
• No freedom to express his ideas. Has to follow the boss most of the time. 
• Meager bank balance 
• Simple & Ordinary Lifestyle 
• Faces deadlines which results in stressful life. Stress leads to ill health, depression and unhappiness. 
• Sometimes, has to work even on holidays and festivals

LIFE OF AN EMPLOYER/ ENTREPRENEUR:

• Fixes his own work timings 
• His Efforts= His Benefits 
• Leader of Masses 
• Job creator for Employees 
• Spends time with family whenever he wants 
• Goes for holidays 2-3 times a year (or as per his wish) 
• Grows from a startup into an successful Entrepreneur 
• Meets the expectation of high salary of his employees 
• Enjoys the freedom of creativity. Is followed by his employees 
• Significant bank balance 
• Extra ordinary lifestyle 
• Decides deadlines for others

You have a dream to start your own business. So how to you achieve it in reality? If you have full confidence on your business idea, then you should start your entrepreneurial journey at once.

How to be a successful Entrepreneur?

An Entrepreneur is a person who starts his own business venture with a team of dedicated & skillful people to make it a success. Qualities like leadership, focus, innovation, creativeness, analytical skills etc alone will not make you a successful Entrepreneur. You will succeed only if you use your qualities and abilities appropriately. In order to start a new business, you need to have the skill of identifying unaddressed market which has unfulfilled needs of the customers. 

Institute for Future Education, Entrepreneurship and Leadership (iFEEL) is an AICTE affiliated residential Business school situated at Lonavala established by Global Education Trust in 2010. It is offering Entrepreneurship Excellence Program (EEP)/ Family Managed Business (FMB) which is an 11 month customized program which is designed keeping in mind requirements of Entrepreneurs in today’s challenging times.

Unique features of this program:

•  3 Pronged Structure for Entrepreneurs (Start, Grow & Turnaround)
• International & Domestic Industrial Tours
• Residential Campus
• Guest Lectures by CEO/COO’s
• Holistic Approach to Learning
• Global Best Practices 
• Program Advisory Cell
• Customized Study Material
• Case Study Based Learning Approach
• Additional Learning facility through ONLINE Lectures
• Exposure to Business and Trade Associations

This Entrepreneurship Course will help you to develop Entrepreneurial and Leadership skills. Opportunity knocks the door only once. Answer it before it’s too late!

Contact iFEEL today and CREATE YOUR TOMORROW!!

Click here for more details.

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