Personal Standing Fascinated by computers Studying in 12 th Std. Proficient in Applications & F1 Key Dream to own a bike Attended a course on Entrepreneurship conducted by IMC Extremely impressed by Mr. Forbes
Motivation & Support Structure Both parents in service Chartered Accountants Grass always greener on the other side Business definitely the way to go Dad puts up office space Willing to guarantee borrowings
The Opportunity Franchise Advertisement For Computer Education Low investment Immediate setup Money would just pour in Existing success stories Not to mention a Posh Office and the Mafatlal Name
Lessons Learnt Business Opportunities need to be scrutinized thoroughly Entrepreneurship NOT a bed of roses Don’t mess in something you have no idea of If you don’t have an idea – GET ONE Keep Backups Get A Mentor
The Learning Stage Myth I need to know everything there is
Lessons Learnt H.R. A very important function Organization growth linked with individual growth not enough Growth should be in line with other opportunities The better you train them the faster you loose them. Train anyways.
New Challenges Large staff strength Multi location operations Rising overheads Staff turnover Competition at every corner Ploughing back mostly EVERYTHING
Lessons Learnt Clear job definitions Accepting staff turnover as inevitable Greater emphasis on systems Innovate or perish No deal better at times All eggs in one basket Business is done for what you can take out
Lesson From Avoidance People Will Pay Your Price - If They Want What You Got
Lessons Learnt Value based pricing Customers understand your plight but expect solutions Involve customers in the solution Work around the problem Change your Business Model Balance systems & freedom to innovate Blow Hot Blow Cold
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