innovative entrepreneurship development

ITM WARANGAL/DTB/NOV O5ITM WARANGAL/DTB/NOV O5

Innovative Innovative Entrepreneurship Entrepreneurship

DevelopmentDevelopment

ByByD.T.BarkiD.T.Barki

Founder & Managing Director Founder & Managing Director Noble Energy Solar Technologies LtdNoble Energy Solar Technologies Ltd

HyderabadHyderabad


Who’s an Entrepreneur?Who’s an Entrepreneur? Farmer is the world’s first and last entrepreneur! Farmer is the world’s first and last entrepreneur! Because: Because:

– He does not need formal education to be an enterprise!He does not need formal education to be an enterprise!– He is born risk takerHe is born risk taker– He never blames anyone when his yield from the field is He never blames anyone when his yield from the field is

poor!poor!– He simply follows the natureHe simply follows the nature– Whenever he falls he simply gets up and gets on; he will Whenever he falls he simply gets up and gets on; he will

never term it as a failure!never term it as a failure!– He may not memorize the name of an evening raga, but He may not memorize the name of an evening raga, but

he may hum one!he may hum one!– He never produces for his own use!He never produces for his own use!

There’s no point in building enterprise that There’s no point in building enterprise that generates employment for themselves!generates employment for themselves!


How To Build an How To Build an Enterprise?Enterprise?

Simple: Follow the nature!Simple: Follow the nature! Why? Why? Nature does nothing uselessNature does nothing useless, ,

thus said Aristotlethus said Aristotle Man is the only animal who builds his Man is the only animal who builds his

house for more than one generation (and house for more than one generation (and creating unemployment for next creating unemployment for next generation civil/architect engineers!)generation civil/architect engineers!)

E.g., look at the bird’s nest!E.g., look at the bird’s nest! NEST is NEST is notnot the abbreviation of the abbreviation of Noble Noble

Energy Solar Technologies! …Energy Solar Technologies! …


Building EnterpriseBuilding Enterprise

Plan Big, Start smallPlan Big, Start small Mission statement: Mission statement: Social orientedSocial oriented

rather than material oriented. rather than material oriented. (May (May fall but not down)fall but not down)(A billionaire with difference)(A billionaire with difference)

Operating Plans: Operating Plans: Material oriented Material oriented Micro-enterprise should have plans to Micro-enterprise should have plans to

become become mega-enterprise mega-enterprise (indicate (indicate roadmap and milestones – when?) roadmap and milestones – when?)


Building EnterpriseBuilding Enterprise….(contd)….(contd)

Building enterprise is not Building enterprise is not building office building: it’s in building office building: it’s in building the unique product building the unique product and projectand project

Lotus-ismLotus-ism: Put five star style : Put five star style in the product, not in the living in the product, not in the living (for micro-enterprise only)(for micro-enterprise only)


Building EnterpriseBuilding Enterprise….(contd)….(contd)

Build teams inside and Build teams inside and outside the enterprise outside the enterprise

Plan & Build network Plan & Build network as if you own the as if you own the whole world! whole world!


10 Characteristics of a 10 Characteristics of a Forthright EntrepreneurForthright Entrepreneur

1.1. IMPATIENCEIMPATIENCE2.2. AWARENESSAWARENESS3.3. INNOVATIONINNOVATION4.4. PRAGMATISMPRAGMATISM5.5. APPRENTISHIPAPPRENTISHIP6.6. SEDUCTIONSEDUCTION7.7. FLEXIBILITYFLEXIBILITY8.8. STUBBURNNESSSTUBBURNNESS9.9. JOYJOY10.10. INFECTIOUSNESSINFECTIOUSNESS


1. IMPATIENCE1. IMPATIENCE

**Does not wait for things to Does not wait for things to happenhappen

*He sees yesterday’s *He sees yesterday’s problems as today’s problems as today’s opportunitiesopportunities

*His impatience causes him *His impatience causes him to change directionto change direction


2. AWARENESS2. AWARENESS

**Knows that he is not Knows that he is not alone in this world.alone in this world.

**He lives in peaceHe lives in peace


3. INNOVATION3. INNOVATION

**Believes that everything could be Believes that everything could be different from the way it is, but first different from the way it is, but first he must take a path that has never he must take a path that has never been takenbeen taken

**Irrespective of hurdles he finds Irrespective of hurdles he finds alternative ways of making himself alternative ways of making himself heardheard


4. PRAGMATISM4. PRAGMATISM

**Does not wait around for the ideal Does not wait around for the ideal resources required to begin his workresources required to begin his work

**He rolls his sleeves and sets to workHe rolls his sleeves and sets to work

**His and his associates confidence His and his associates confidence increases and the resources he increases and the resources he needs always turns up!needs always turns up!


5. APPRENTISHIP5. APPRENTISHIP

**Usually has a profound Usually has a profound interest in a particular area, interest in a particular area, and his detailed knowledge and his detailed knowledge helps him find new solutions helps him find new solutions to old problemsto old problems


6. SEDUCTION6. SEDUCTION**No one can survive alone No one can survive alone in this competitive world: in this competitive world: aware of this……aware of this……**Tries to get other people Tries to get other people interested in his ideas interested in his ideas


7. FLEXIBILITY7. FLEXIBILITY

**Has an idea in his mind Has an idea in his mind and a plan to make it and a plan to make it realityreality

**But constantly adapts to But constantly adapts to changeschanges


8. STUBBURNNESS8. STUBBURNNESS**Can be flexible about his Can be flexible about his path, but he is, at the path, but he is, at the same time, focused on his same time, focused on his goalgoal**Will never say “I tried Will never say “I tried that and it did not work” that and it did not work”


9. JOY9. JOY**Encounters difficult moments, Encounters difficult moments, but is happy with what he does. but is happy with what he does. **The inevitable mistakes or The inevitable mistakes or blunders he makes do not make blunders he makes do not make him doubt his abilities, for he is him doubt his abilities, for he is able to smile when he does able to smile when he does something wrong – something wrong – **He knows he will be able to put it He knows he will be able to put it right later on!right later on!


10. INFECTIOUSNESS10. INFECTIOUSNESS**Has a unique ability to make Has a unique ability to make the people around him realize the people around him realize that it is worth following his that it is worth following his exampleexample**He will, therefore, nevr feel He will, therefore, nevr feel alone, even though he may alone, even though he may occasionally feel occasionally feel misunderstoodmisunderstood


NEST: An Enterprise NEST: An Enterprise A caseA case

2001: Aishwarya™– affordable 2001: Aishwarya™– affordable solar lamp to replace unsafe solar lamp to replace unsafe kerosene lamps launched with its kerosene lamps launched with its first batch of 60 lanterns first batch of 60 lanterns dispatchdispatch

2005: Has become a global co. 2005: Has become a global co. with 45 countries from 5 with 45 countries from 5 continents associated with it!continents associated with it!


Keys to Keys to SuccessSuccess(How to beat Competition?)(How to beat Competition?)

Select Select PassionatePassionate Product/project Product/project New and InnovativeNew and Innovative approach approach Never launch until the product is Never launch until the product is proven and proven and

field tested field tested Watch for duplicators: If your product is copied by Watch for duplicators: If your product is copied by

more people within no time – it’s time for you to more people within no time – it’s time for you to be on the top! be on the top! Imitation is the best form of Imitation is the best form of appreciation! appreciation! Never mind duplicators! They can Never mind duplicators! They can never duplicate your never duplicate your project! project! Your USP should be Your USP should be the project innovationthe project innovation

Believe in your uniqueness in this world. And Believe in your uniqueness in this world. And believe that you can create something unique for believe that you can create something unique for this wonderful worldthis wonderful world


Nothing Succeeds Like Nothing Succeeds Like SuccessSuccess

The world belongs to those who The world belongs to those who dare dare and achieve. and achieve. (e.g., Now worldwide (e.g., Now worldwide Funding organizations come to fund Funding organizations come to fund NEST! But NEST needed them in the NEST! But NEST needed them in the start up. start up.

Risk and successRisk and success are brothers! are brothers! Greatest risk in life is not taking risk!Greatest risk in life is not taking risk!


……SuccessSuccess

Unfortunately, success is evident Unfortunately, success is evident only in its only in its destinationdestination (not in its (not in its journey!)journey!)

If you are struggling it is sure sign If you are struggling it is sure sign that you are living and kickingthat you are living and kicking

Suffering is not strugglingSuffering is not struggling!! Success is in excessSuccess is in excess! !


DreamDream

There is no charm in There is no charm in dreaming dreaming small,small,

Dream Dream Big!Big! It does not cost you!!It does not cost you!!


Thank Thank youyou

innovative entrepreneurship development

Documents

itm warangaldtbnov o5how

itm warangaldtbnov o55

enterprise plan

ideas itm warangaldtbnov

contdbuilding enterprise

hearditm warangaldtbnov

changesitm warangaldtbnov

peaceitm warangaldtbnov