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INNOVATION & ENTREPRENEURSHIP DEVELOPMENT PROGRAM

Entrepreneurial competence

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Page 1: Entrepreneurial competence

INNOVATION &

ENTR

EPREN

EURSHIP

DEVEL

OPMENT

PROGRAM

Page 2: Entrepreneurial competence

SPARC CONSU

LTANTS PV

T

LTDSTR

ATEGIC PL

ANNING AND RESTRUCTU

RING

CONSULTANTS

Page 3: Entrepreneurial competence

STRATEGIC PLANNING AND RESTRUCTURINGCONSULTANTS

Page 4: Entrepreneurial competence

SPARC BRINGS YOU THE OUT SIDE WORLD TO YOUR CLASS ROOM

SPARC CONSULTANTS PVT LIMITED

TODAY THE WORLD ECONOMY OFFERS EXCELLENT OPPORTUNITIES FOR CREATION OF WEALTH. WE HAVE THE URGE TO MAKE YOU ALL SUCCESSFUL ENTREPRENEURS FOR CREATION OF WEALTH NOT ONLY FOR YOUR SELF BUT ALSO FOR THE NATIONIN THIS CONTEXT WE ARE COMING UP WITH A SPECIAL COURSE BEING DESIGNED FOR YOU TO BENEFIT FROM OUR EXPERIENCE AND EXTEND YOUR KNOWLEDGE BEYOND WHAT YOU LEARN IN BUSINESS SCHOOLS TO MOTIVATE YOU TO BE DYNAMIC ENTREPRENEURS- ENTREPRENURAL DEVELOPMENT PROGRAMME

Page 5: Entrepreneurial competence

GENESIS OF SPARC

Three experienced corporate managers with diverse industry

exposure of four decades and an express desire to disseminate their

knowledge and skills led to the formation of

SPARC CONSULTANTS PVT LTD.

 

Page 6: Entrepreneurial competence

SPARC SERVICES

  

ENTRPRENEURSHIP DEVELOPMENT PROGRAMMES

JNTUBUSINESS SCHOOLS

ENGINEERING COLLEGESMENTORING YOUNG

ENTREPRENEURSCONSULTANCY

Page 7: Entrepreneurial competence

INNOVATION & ENTREPRENEURSHIP DEVELOPMENT PROGRAM• MODULE   1  

Entrepreneurial Competence Entrepreneurship concept – Entrepreneurship as a Career – Entrepreneurial Personality - Characteristics of Successful, Entrepreneur – Knowledge and Skills of Entrepreneur. 

•  MODULE 2  Entrepreneurial Environment  Business Environment - Role of Family and Society - Entrepreneurship Development Training and  Other Support Organisational Services - Central and State Government Industrial Policies and Regulations - International Business. 

• MODULE 3 Business Plan Preparation Sources of Product for Business - Prefeasibility Study - Criteria for Selection of Product -  Ownership - Capital - Budgeting Project Profile Preparation - Matching Entrepreneur with the  Project - Feasibility Report Preparation and Evaluation Criteria. 

• MODULE 4  Launching Of Small Business Finance and Human Resource Mobilization Operations Planning - Market and Channel Selection - Growth Strategies - Product Launching – Incubation, Venture capital, IT startups. 

• MODULE 5 Management Of Small Business Monitoring and Evaluation of Business - Preventing Sickness and Rehabilitation of Business Units- Effective Management of small Business.

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TIME TABLE 1DATE/DAY SECTION ATIME 10.00-11.20 11.20-13.00

1 6-2-2015 Entrepreneurship concept - Entrepreneurship as a Career KP

Entrepreneurial Personality - Characteristics of Successful, Entrepreneur - Knowledge and

Skills of Entrepreneur. AS 2 7-2-2015 Business Environment - Role

of Family and Society ASAttitude survey for Entrepreneurship

Central and State Government Industrial Policies and Regulations - International Business. KP

3 13-2-2015 Entrepreneurship Development Training and  Other Support Organisational Services AS

1. Prefeasibility Study - Criteria for Selection of Product - KP

4 14-2-2015 1. Sources of Product for Business AS 1. Groups formation, Idea feasibility studies-Introduction

Feasibility Report Preparation and Evaluation Criteria. AS

5 20-2-2015 Product presentation work shops Product presentation work shops

6 21-2-2015 Analysis of Attitude survey Product feed back,7 27-2-2015 Ownership - Capital -

Budgeting Project Profile Preparation –AS

Matching Entrepreneur with the  Project –KP

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TIME TABLE 2DATE/DAY SECTION ATIME 10.00-11.20 11.20-13.00

8 28-2-2015 Financial feasibility template Marketing feasibility template

9 9-3-2015 Review of Financial

Feasibility

Review of Marketing feasibility .

10 10-3-2015 Business Plans PRESENTATION

Business Plans PRESENTATION

11 15-3-2015 Monitoring and Evaluation of

Business

Preventing Sickness and Rehabilitation of Business Units-AS

12 16-3-2015 1. Finance AS2. Human Resource

Mobilization AS3.

1. Market and Channel Selection –KP

13 22-3-2015 1. Product Launching – KP

2.

1. Incubation, Venture capital, IT startups. AS

14 23-3-2015 1. Operations Planning –AS

2.

1. Growth Strategies – KP

15 29-3-2015 Feed back and closing session

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GENERAL CONCEPTS OF

ENTREPRENEURSHIP

ENTREPRENEURS, ENTREPRENEURSHIP

AND SMALL BUSINESS

GLOBAL ENTREPRENEURSHIP

SPARC CONSULTANTS PVT LIMITED

Page 11: Entrepreneurial competence

ORIGIN - ENTREPRENEUR• The word entrepreneur is derived

from the French word “Entrepreneur” which means to undertake.

• The webster dictionary explains the term entrepreneur is applicable to one who organizes manages and assumes the risks of a business or a enterprise.

Page 12: Entrepreneurial competence

ENTREPRENEUR

Entrepreneur is a person who discovers new ideas and business opportunities , brings together funds to establish a business, organizes and manages its operations in order to provide economic goods and services for the public.

Entrepreneurs have strong convictions and self motivation. They will to grow and prosper tremendously .

Although they take the risk to go bankrupt if they fail in their venture, in majority of cases , they start with nothing and end with positive results.

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GUIDELINES• KNOW YOUR BLOOD GROUP-WHY

BUSINESS• MUHURTHAM-WHEN TO START• WAY TO IDEA BANK• START WITH WHAT YOU HAVE --BYE- BYE

PHOBIAS• BUSINESS PLAN • ADOPT VALUES FROM THE BEGINNING• SOCIAL RESPONSIBILITY A FOUNDATION

FOR BUSINESS• HELP AT HAND ANY TIME

SPARC CONSULTANTS PVT LIMITED

Page 14: Entrepreneurial competence

WHY ENTREPRENEUR?WHY NOT?

Page 15: Entrepreneurial competence

WHY TO START BUSINESS• Independent Identity• You can Prove your Talent• Implement your Own

Plans/Ideas as you wish• Can be Innovative,• Satisfy urge to lead • Gain popularity• 10 families will be benefitted• Not Answerable to Boss

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ENTREPRENEUR VS EMPLOYEE

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MORAL AFTER THREE YEARS IF WE

COMPARE THE ASSET VALUE , THE EMPLOYEE’S JOB HAS ZERO ASSET VALUE. THINK ABOUT IT. DOES AN EMPLOYEE OWN THEIR OFFICE OR WORK STATION?SOME ONE ELSE OWNS IT- THE BUSINESS OWNER

Page 19: Entrepreneurial competence

SOME MYTHS ABOUT WHY BUSINESS

I WILL EARN A LOT OF MONEY1. EARNING MONEY IS JUST A MILE STONE IN A

LEGITIMATE BUSINESS. CREATION OF WEALTH IS THE GOAL.

2. IF MONEY IS THE ONLY AMBITION , YOU CAN LAND UP BEHIND BARS.

I WILL BE THE BOSS WITH NO TIME OR IDEAS RESTRICTION

1. CUSTOMER IS THE BOSS IN BUSINESS AND HE CALLS THE SHOTS

2. 24/7 YOU ARE WORKING FOR BUSINESS

SPARC CONSULTANTS PVT LIMITED

Page 20: Entrepreneurial competence

THEN WHY BUSINESS ?

BUILD ON YOUR ASPIRATIONS SATISFY CREATIVE URGE -

BUILDING ORGANISATIONSCREATE WEALTH FOR SELF AND

OTHERS AROUND YOUFULFILL SOCIAL RESPONSIBILITY

SPARC CONSULTANTS PVT LIMITED

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ENTREPRENEURIAL COMPETENCIES• Initiative

• Looking for opportunities

• Persistence

• Information seeker

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ENTREPRENEURIAL COMPETENCIES

• Quality Consciousness

• Commitment to work

• Commitment to efficiency

• Proper Planning

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ENTREPRENEURIAL COMPETENCIES

• Problem Solver

• Self confident

• Assertive

• Persuasive

Page 25: Entrepreneurial competence

ENTREPRENEURIAL COMPETENCIES• Effective Monitoring

• Employees Welfare

• Effective Strategist

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ENTREPRENEURS IN INDIA 1. First Generation of entrepreneurs: Those entrepreneurs

whose parents or family members have not been in business and were into salaried service.

2. Entrepreneurs from business families: A few socio ethnic group who have dominated the business prominently the Marwadi, Gujarathi, Parsi, Sindhi and Chettiyar, The Tatas, Birlas, Wadias, Murugappa and Singhanias.

3. Minority Entrepreneurs: Low levels of entrepreneurial activity, tribals of central India, the hill people of north east.

4. Women Entrepreneurs

Page 28: Entrepreneurial competence

WHAT IS YOUR BLOOD GROUP

• Group A : Am Employed but feel bogged down since feel have ideas to grow in business

• Group B: Am Desperate to make lots of money fast• Group C: Have Family business OR fortunes OR

tradition to take forward• Group D: Have a passion for creating lasting effect and

show the world• Group E: Feel obliged to serve society and create

common wealth

SPARC CONSULTANTS PVT LIMITED

Page 29: Entrepreneurial competence

ENTREPRENEUR CLASSIFICATION(1700S-TODAY)

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Chapter 3Chapter 3

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Page 32: Entrepreneurial competence

ENTREPRENEURIAL COMPETENCIES• Initiative

• Looking for opportunities

• Persistence

• Information seeker

Page 33: Entrepreneurial competence

ENTREPRENEURIAL COMPETENCIES

• Problem Solver

• Self confident

• Assertive

• Persuasive

Page 34: Entrepreneurial competence

ENTREPRENEURIAL COMPETENCIES• Effective Monitoring

• Employees Welfare

• Effective Strategist

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DO YOU HAVE?

• STRONG WILL TO SUCCEED• PIONEERING SPIRIT & LEADERSHIP

QUALITIES• REASONABLE INTELLIGENCE• LOGICAL THINKING• DEDICATION AND COMMITMENT• DILLIGENCE AND PERSEVERANCE• WILLINGESS TO LEARN

SO GO AHEAD

SPARC CONSULTANTS PVT LIMITED

Page 37: Entrepreneurial competence

DON’T IMAGINE DISQUALIFICATIONS

• I DON’T HAVE CAPITAL• I AM AFRAID TO TAKE RISK• I AM NOT FROM A BUSINESS FAMILY• I DON’T HAVE A MANAGEMENT QUALIFICATION• I DON’T HAVE IDEAS

BYE-BYE TO PHOBIAS

SPARC CONSULTANTS PVT LIMITED

Page 38: Entrepreneurial competence

WHEN DO I GET INTO BUSINESS-MUHURTHAM

WHILE STUDYING?BEFORE EMPLOYMENT?AFTER FEW YEARS EXPERIENCE?OR AFTER RETIREMENT? EARLIER THE BETTER-YOU HAVE TIME TO COMMIT

AND CORRECT MISTAKES

SPARC CONSULTANTS PVT LIMITED

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BUSINESS MODELS BUSINESS MODELS DESCRIBES HOW YOUR COMPANY

CREATES DELIVERS AND CAPTURES VALUE. FIRST WEEK IS SPENT IN LAYING OUT YOUR HYPOTHESIS ON

SALES, MARKETING, PRICING,COMPETITORS YOU PUT IN YOUR FIRST PASS FINANCIAL ASSUMPTIONS GO OUT TO GATHER FEED BACK ON YOUR CRITICAL

HYPOTHESES UNLESS YOU HAVE TESTED THE ASSUMPTIONS IN YOUR

BUSINESS MODEL FIRST OUTSIDE THE BUILDING, YOUR BUSINESS PLAN IS JUST CREATIVE WRITING

Page 41: Entrepreneurial competence

FUNDING

ENTREPRENEURS, ENTREPRENEURSHIP

AND SMALL BUSINESS

GLOBAL ENTREPRENEURSHIP

SPARC CONSULTANTS PVT LIMITED

Page 42: Entrepreneurial competence

FUNDING

ATM- ANY TIME MONEYSOURCES FOR FUND REQUIREMENT AT VARIOUS TIMES BOTH EXPECTED AND UNEXPECTED SHOULD BE LINED UPPLAN FOR REPAYMENT OF INTEREST, PRINCIPALS

SPARC CONSULTANTS PVT LIMITED

Page 43: Entrepreneurial competence

SOME SOURCES FOR FUNDS

OWN AND FAMILY FUNDSCAREFULLY SELECTED PARTNERSBANKSSIDE BUSINESS/JOBNATIONAL INFORMATION

FOUNDATION FOR INNOVATIVE IDEAS

ICRISAT FOR AGRI-BUSINESS IDEASAGA KHAN FOUNDATION,FORD

FOUNDATION,GATES FOUNDATION FOR SOCIAL ENTREPRENEURS

SPARC CONSULTANTS PVT LIMITED

Page 44: Entrepreneurial competence

BUSINESS PLAN

ENTREPRENEURS, ENTREPRENEURSHIP

AND SMALL BUSINESS

GLOBAL ENTREPRENEURSHIP

SPARC CONSULTANTS PVT LIMITED

Page 45: Entrepreneurial competence

INNOVATION

GROWTH AND SURVIVAL ARE CRITICAL FOR A LASTING BUSINESS

. CONTINUOUS INNOVATION PROMOTES

CUSTOMER SATISFACTION AND WOW FACTORINSTEAD OF ASKING A CUSTOMER IF HE IS WILLING TO PAY FOR

MINERAL WATER AS SOON AS HE ENTERS WHY NOT OFFER FIRST BOTTLE FREE FOR THOSE WHO WANT.

PIONEERING ADOPTION OF TECHNOLOGIY AND INNOVATIONS PROVIDES FIRST MOVER ADVANTAGE TO THE BUSINESS ?

SPARC CONSULTANTS PVT LIMITED

Page 46: Entrepreneurial competence

BUSINESS PLANS

Page 47: Entrepreneurial competence

BUSINESS PLAN

▪ WRITE THE PLAN IN YOUR HEART ▪ IT CANNOT BE OUT-SOURCED. IT IS BASED ON YOUR VISION AND MISSION.

▪ IT IS, SOMETIMES LIKE A DREAM,SOMETIMES THREATENING LIKE A CANE OF A HEAD MASTER,

SOMETIMES CHALLENGE OF YOUR SWEET HEART

SOMETIMES A GUIDING FORCE FOR YOUR DEVELOPMENT

SPARC CONSULTANTS PVT LIMITED

Page 48: Entrepreneurial competence

BUSINESS PLAN

As my professor once said, “Of what use is the knowledge of the wind’s direction to the captain of a ship, if he does not

know where he wants to go?”

SPARC CONSULTANTS PVT LIMITED

Page 49: Entrepreneurial competence

BUSINESS PLAN

A business plan is typically expected to guide a businessman or entrepreneur, to show him the destination and the means to get there. It is a well-thought-out document that spells out a clear plan of action. 

SPARC CONSULTANTS PVT LIMITED

Page 50: Entrepreneurial competence

BUSINESS PLAN

GOAL – PLAN = DAY DREAMBUSINESS PLAN IS NOT JUST JARGON ,QUOTATIONS OF

GURUS.ARRAYS OF FIGURESPUTTING DOWN WHAT THE BUSINESS WILL BE AFTER 10/25

YEARS IS A GOAL

SPARC CONSULTANTS PVT LIMITED

Page 51: Entrepreneurial competence

BUSINESS PLAN

A good business plan takes into account four important points:It defines the products or services on offer, identifies the market and target audience and debates their need for the said product or serviceIdentifies competition and determines your company’s advantages and USP Estimates the start-up cost, revenue and expensesDetermines the viability of the business idea

SPARC CONSULTANTS PVT LIMITED

Page 52: Entrepreneurial competence

INGREDIENTS OF A BUSINESS PLAN

BUSINESS IDEA REQUIREMNTS FOR CONVERTING IDEA IN TO BUSINESS MARKET SCENE, TECHNICAL FEASIBILITY ECONOMIC VIABILITY SOURCING OF CAPITAL GROWTH PLANS CONTINGENCY PLAN FOR SURVIVAL

SPARC CONSULTANTS PVT LIMITED

Page 53: Entrepreneurial competence

SOCIAL RESPO

NSIBILITY

ENTREPRENEURS, ENTREPRENEURSHIP

AND SMALL BUSINESS

GLOBAL ENTREPRENEURSHIP

SPARC CONSULTANTS PVT LIMITED

Page 54: Entrepreneurial competence

YOUR PERSONALITY BUILDS CORPORATE ETHOS

TATAS, THE HINDU, AND MANY ORGANISATIONS REFLECT THE VALUES OF THE PROMOTERS

IMPLEMENTATION OF YOUR IDEAS AFFECT THE PERSONALITY OF THE ORGANISATION.

YOU HAVE A MAJOR ROLE TO PLAY IN THE CREATION OF THE ETHOS OF THE ORGANISATION

SPARC CONSULTANTS PVT LIMITED

Page 55: Entrepreneurial competence
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SOCIAL ENTREPRENEURS

BUSINESS BUILT ON SOCIAL OBJECTIVES SELDOM MISS THEIR GOALS

CARBON CLEAN SOLUTIONS, AVISHKAR SOCIAL VENTURE FUND,BLIND PERSONS ASSOCIATION ARE SOME EXAMPLES OF BUSINESS ENTERPRISE SUCCEDING IN BUSINESS AND ALSO IMPROVING QUALITY OF LIFE .

WHERE THERE IS MORALS THERE IS MARKET

SPARC CONSULTANTS PVT LIMITED

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THANK YO

U

PARTHASARATHY9849697820

SPARC CONSULTANTS PVT LIMITED . 

4TH FLOOR, GUMMIDELI COMMERCIAL COMPLEXNEAR  OLD AIRPORT 

BEGUMPETHYDERABAD

500016 WWW.SPARCINDIA.CO.IN