Entrepreneurship anybody?

guy_next_door83 · **Entrepreneurship anybody? -** 11-03-2005, 10:31 PM

ummm...at the risk of gettin banned from a forum, which is for true blue CAT aspirants ( ofcourse, increasingly " The Lounge and Chit Chat are becomin hot favourites), I ve summed up all the courage to exchange views on something i strongly beleive in- Entrepreneurship- something which is in more ways than one like giving birth to a baby, nurturing it, living a thousand lives, indeed dying a million deaths. I ve floated a self start up- a futures trading set up in the realm of commodities, and its gut wrenching to say the least. Come to think of it, at the time of evolution, there ought to have been an entrepreneur , who has since then employed lesser mortals ( pun intended). So in a sense, its a breed as old as the hills...I ve been doin quite a bit of research on all aspects of entreprenurship and would appreciate if this thread can be a platform to discuss ideas, thoughts, indeed concepts like incubation, Venture Capitalist Funding, Pramod Haque, the works..

Cheers
God Speed
Yogesh

P.S : For those who are passionate abt Entrepreneurship , The Entreprenurship Development Council Of India ( EDI) , offers a summer camp . More details at
http://www.ediindia.org/

DesiGuru · **on entrepreneurship... -** 11-03-2005, 10:37 PM

Success as an entrepreneur is probably the closest to absolute success...
everything else is relative...
but obviously the odds are more stacked than getting to iim a
a great entrepreneur would have great difficulty with the CAT im sure...
but he/she definitely knows urgency is everything just like the CAT...

have fun,
K

guy_next_door83 · 11-03-2005, 10:43 PM

Ahh...Jus noticed..there was a thread on business/entrepreneurship sometime in early 04'...as for now, its dead and gone...lets hope we have more enthuisasm and activity on this thread.....btw, for starters , we could probably discuss, first generation entrepreneur- Narayan Murthy, Sunil Mittal, Roman Abramovich, Sabeer Bhatia...

Cheers
God Speed
Yogesh

nitin01_12 · 11-03-2005, 11:04 PM

Quote:

Originally Posted by guy_next_door83

Ahh...Jus noticed..there was a thread on business/entrepreneurship sometime in early 04'...as for now, its dead and gone...lets hope we have more enthuisasm and activity on this thread.....btw, for starters , we could probably discuss, first generation entrepreneur- Narayan Murthy, Sunil Mittal, Roman Abramovich, Sabeer Bhatia...

Cheers
God Speed
Yogesh

man this is the forum for the mba so lets discuss the entrepreneur who are the mba, me too aspiring to become an entrepreneur and when i was asked name 5 entrepreneur who have done mba i was bowled over , could name only the CEO's of TIME and CL. then i was asked if i could name the 1's who have entreprise worth more than 500crores and this time i was

.so frienz lets get some useful info here name any entrepreneur that u know have done ther mba................cheers

DesiGuru · **a little secret -** 11-03-2005, 11:18 PM

MBAs and entrepreneurship dont go well together...
i would say if you do an MBA the odds get stacked even higher... though
if you had the ability in the first place then maybe it wont be reduced that much...
think about it... You finish your IIM C MBA, 8 lakh pa guaranteed...
You wont have it in you to go for the glory because if you fail you will be ruined... You finish your ISB MBA you have a huge loan to pay... haha

entrepreneurship is about madness... iq just doesnt help that much... intuition and luck are far more useful... intuition is anyways the only valuable quality (according to none other than einstein) luck is more easily available... a risk taker with great intuition changes the world... one in ten that is... that is the problem...

Anyways there's an old einstein punchline
In the midst of difficulty lies opportunity....
So to create opportunity, create difficulty eh? (my extension to it)

have fun,
K

cat_a_moron · 12-03-2005, 08:41 PM

hey cool man i was waitin 4 this thread 4 sumtime now ...well 4 1 im also very interested in Entrepreneurship...well recently i ve read in a book by peter drucker tat an Entrepreneur is a one who creates resources n optimizes their use ...well 4 example petrol ppl in middle east used to think twas the curse of allah bout 100 yrs back but henry ford by inventing the motor vehicle has changed our lives completely...well the same goes to bill gates...the other thin is these ppl always have a role to play in our lives...like the world was different in 40s n tyhe world is different now....so frens pl come forward n discuss ur ideas on this forum

beatiger · 12-03-2005, 09:20 PM

dear friends

really a wonderful thread...i do agree to some extent with "Desiguru" that MBA will sorta hamper(Read: Dampen) our entrepreneruship fire. Because huge pay checks, 5 star stay and other luxuries will surely make our heart to turn a blind eye to that oft untrodden path in our life.

But an ent. is driven by his heart and not by his mind. so if we can form an "Entrepreneurship Group (age group of 20-30)" and share our views it will be wonderful.. I request yogesh if he can do something on those lines nothing like that.

For one i am going to pursue my MBA from SCMHRD(2005-07) and have a burning desire to become an entreprneur. In fact my cousin who is a passout of XLRI is a successful entrepreneur (he had launched his own vetture a couple of years back(www.blueshift.com))... would like to trace his foorsteps.

guy_next_door83ummm...at the risk of gettin banned from a forum, which is for true blue CAT aspirants ( ofcourse, increasingly " The Lounge and Chit Chat are becomin hot favourites), I ve summed up all the courage to exchange views on something i strongly beleive in- Entrepreneurship- something which is in more ways than one like giving birth to a baby, nurturing it, living a thousand lives, indeed dying a million deaths. I ve floated a self start up- a futures trading set up in the realm of commodities, and its gut wrenching to say the least. Come to think of it, at the time of evolution, there ought to have been an entrepreneur

And finally instead of discussing about Ambani, Narayanamurthy i like to request yogesh, to share his experience on his start up which will give a real insight to a lot of people

luv

subbu

lakshya_FPM_IIMA_2005 · **Entrepreneurship -** 12-03-2005, 09:46 PM

Hi all,

A million thanks to the guy who started this thread..I am sorry I didnt catch ur name earlier because I got excited looking at the EDII link and went on to check out the site...!! It was amazing...a dream come true!! I had been looking for a course in Agricultural Entrepreneurship and have now found it !! Thanks a ton !!!

Trishanku · 12-03-2005, 09:47 PM

hi guys......

talking about taking risks and luck is fine....but y restrict ourselves to discussing onlly the Fortune 500 millionaires??

I think not all 1st generation need be as successful as Sabeer Bhatia and the gang......... there are others who have started SSI , and other small companies who are surely successful.....all of us MBA aspirants have this bias towards the one big supremely successful individual while ignoring the hundred others who do well in their own right. Its good to think big but then the keyword is think ,coz even if the initial result is relatively good tht means we are on the correct road and should continue as very few ppl become great in one shot.

I think entrepreneurship means standing by the idea and taking a certain amount of calculated risk with it...of course luck plays a part ......but then doesnt it play a part in every thing right from our CAT application. As for the MBA softeneing the drive to start something of our own ....well me thinks thats purely personal there are people who have started NGOs after graduating from IIM A.

The mantra is CARPE DIEM

lakshya_FPM_IIMA_2005 · 12-03-2005, 10:07 PM

Hi Yogesh,

Thanks a lot for having started this thread...!! I am really really indebted to you for the same...I have been interested in this idea ever since my final year of college...only to be considered a rebel and a lunatic by people around me..!! Its heartening to know that there are more people like me!! I have been reading Peter Drucker's Entreprenuership and Innovation...an amazing book...try and get hold of it.....it explains the subject in great detail,without becoming too technical..

The sector in which I want to apply the concepts of Entrepreneurship is that of agriculture...and eDII has a course on that...but there is no info abt the nature of the written test...how do I find that out??

I am sure u must have acquired some great insights after having started ur own enterprise...It wud be really educative if u cud share some of them on the forum..

Thanks again man!!
- I