TABLE OF CONTENTS

1. 2014: A good time to be an entrepreneur? 3

2. Screw it, let’s do it!! 5

3. Playing the TRUMP Card 7

4. Women Entrepreneurship - The Indian Scope 11

5. Entrepreneurship and the Sporty Konnect 13

6. Venture Capitalist: A true view 16

7. Play in the place of pain 18 8. Yes we can!! 20

L ‘ ENTREPRENEUR TEAM

Editorial-

Swati Sharma

Crystal D’Souza

Karthik Jairam

Priyanka Malik

Saim Karim

Omkar Tawade

Gomathi

Priyanka Binjrajka

Creative-

Arun bala krishnan

Komal Pareek

Rahul Bongoni

Subin Domini

Manikanta Gudipati

EDITOR’S NOTEDear Readers,

It is with immense pleasure that we from editorial team present to you our latest issue of L’En-trepreneur. As Chief Editor this is the most exciting time, when we from the editorial team present our avid readers with the new issue. This event symbolizes the fruition of immense efforts that the team takes to perfect the magazine.

As we at L’Entrepreneur are going under major changes to present a valuable read to our read-ers. The goal has taken us on the path of transformation. And as we know that to create new the old is to be destroyed and replaced by the new. This requires courage and immense efforts. But it is easily overpowered by the excitement of “Change”. While at work we know that some things might work and some won’t. Do tell us what you liked and what you didn’t. Also, I am glad to inform that on this transformational journey we at L’Entrepreneur are not alone but are joined by new members and thus the family keeps growing.

This issue is of particular importance for another reason because new members of the team have taken complete responsibility for the issue and have delivered the best. So, I congratulate all the team members and contributors for their efforts and the time that they invested towards the success of the issue. I hope the readers find this issue a better read and encourage us to write more.

The magazine begins with the outlook of the new government towards new venture creation and their resolve to make India a business friendly nation. The next article which is aptly ti-tled ignites the fire to start taking action on the path to entrepreneurship. The next article on Personality of the month needs no special mention. This article attempts to uncover Donald Trump – the entrepreneur. Women Entrepreneurship is discussed in detail in the next article. It is followed by entrepreneurship in the field of sports and finds those special sporty connect. The next article attempts to throw light upon the various dimensions of venture capitalist. Moving towards the end we have an enlightening article on entrepreneurship in the educa-tional field. And the last article aptly emphasizes that entrepreneurs are made by self-will and are not accidental creations.

Hope you too will enjoy reading the magazine the way we did. But, please don’t hesitate to send us your valuable feedback and grab the opportunity to be a part of the transformational change.Happy Reading !!!

Regards,Anup YeolekarChief Editor, L’Entrepreneur

“Incubators, accelerator programmes, venture capitalists”- these words were heard in the lower house of the parlia-ment for the first time, when Arun Jaite-ly read out the much anticipated budget for 2014, proposed by the National Dem-ocratic Alliance (NDA) government after a landslide victory in May earmarking the beginning of the era of hope and good times for the Indian citizens.

Even though there’s no better time to fol-low your dreams and become an entrepre-neur than now, the budget 2014 has only fuelled the entrepreneurial spirit in the country by recognising the importance of micro, small and medium enterprise this fiscal year. “SMEs form the backbone of our Economy. They account for a large portion of our industrial output and em-ployment.” said our finance minister.

He announced a host of measures to en-courage entrepreneurship, including Rs 10,000-crore fund to back early stage companies, a 500-crore fund to launch a National Rural Internet and Technology mission, a 200-crore fund for Dalit entre-preneurs, and another 200-crore that will go towards developing young entrepre-neurs from underprivileged backgrounds. In addition to these, a fund of Rs. 100-crore has been put aside for the Young Leaders Programme to encourage the

youth to take up entrepreneurship.In India’s history no finance bill has done as much for the cause of entre-preneurship— an indication, perhaps, of the National Democratic Alliance’s (NDA) belief that its role should be to create a conducive environment and ecosystem, in this case, for enter-prise, and leave the actual tasks such as creating jobs and driving econom-ic growth, to entrepreneurs.Now let’s dissect further some of the major reforms mentioned in the budget which experts believe are go-ing to help entrepreneurs this fiscal year and the coming ones too.

10000-crore Bonanza!

“While there have been some efforts to encourage entrepreneurs, one of the principle limitations has been of start-up capital by way of equity to be brought in by promoters.” In or-der to create a friendly and condu-cive ecosystem for venture capitals in the MSME sector, Jaitley proposed to establish a Rs 10,000-crore fund to act

2014: A good time to be an entrepreneur? -Swati Sharma

Start Up Schemes

Government plans to launch an array of schemes and programmes to support en-trepreneurial growth in the country.

“Start Up Village Entrepreneurship Pro-gramme” that will encourage rural youth to become entrepreneurs as part of Ajeevi-ka, the National Rural Livelihood Mission (NRLM), which aims to eliminate rural poverty through sustainable livelihood options.

The Finance Minister also announced launch of a pan India programme called “Digital India”, which will basically en-sure broadband connectivity in rural ar-eas, improved access to services through IT enabled platforms, increased produc-tion of IT hardware/software for exports and improved domestic availability. Here, Government plans to give special focus on supporting software product start-ups.Apart from these, a new multi-skill train-ing program is also in the pipeline, called “Skill India” that will give emphasis on employability and entrepreneurial skills. The program intends to offer training for traditional professions like welders, car-penters, cobblers, masons, blacksmiths, weavers etc.District level Incubation and Accelerator Programme is another pro-gramme that deserves a mention. Through this, the government plans to incubate new ideas and to provide necessary sup-port to accelerate entrepreneurship in India. However, these incubators need to be backed up by raising the necessary resources whenever required and also to showcase and reward the real winners.

As far as the funding organizations are concerned, having a detailed measure-ment on incubators will provide them with visibility to the partnership and can also help them to take timely decisions regarding further funding.

Along with these, “entrepreneur friend-ly” legal bankruptcy framework is pro-posed to be developed for SMEs to enable easy exit. Experts opine that entrepre-neur-friendly bankruptcy law encourages entrepreneurs to take risks and thus let entrepreneurship prosper.

“Can’t remember a new government’s first budget that devoted so much to en-trepreneurship. The difference that start-ups can make to the economy (by creating wealth, jobs, etc,) was appreciated by the government,” says Padmaja Ruparel, president, Indian Angel Network, a Del-hi-based group of angel investors. If all these measures are taken seriously there’s no stopping the entrepreneurial wave in the country, surely. “The Indian govern-ment’s emphasis and identification of en-trepreneurship as the driver of economy is a big step ahead. The real challenge lies in freeing and easing the norms for doing business in India. With the right direction and money in the bag the entrepreneurs will surely drive the nation north” says Arihant Jain, IBS, Hyderabad.However, measures should also be taken to ensure that all the funds allocated to various schemes and programmes reach where they are supposed to. If the exe-cution is not taken care of, all these an-nouncements and launch of programmes and schemes would be for nothing.

When someone says “Take the road less travelled” they actually are asking to act independently and not to follow confor-mity. Success is found on this road, where the difference between ability and knowl-edge is widely apparent. When you need to think on your feet and the things that hold you back need to be discarded, so that you can strut, run, fall and get back up with ease.Everyone wonders what people like Bill gates, Jack Welch, Micheal Dell do right. What are those few steps they followed? But what didn’t they do is sometimes of more importance that made all the differ-ence in the world.

Life doesn’t give you second chances, so take the first one. Following are the list of “NOT TOs” de-rived from the “TO DOs “from reputed

sites like entrepreneur and lifehacks the likes.

Stop waitingThey say the best time to start abusiness was 20 years ago, the 2nd best is now. Waiting for the right time the right circumstances or even the right market can prove to be just a wall that stops you form the acquiring success. Don’t wait for the “right time” or the “right circumstanc-es”, its fear that makes this decision. Take action here, now, today because that’s where progress happens.

Entrepreneurs are great at visualizing success, due in part to pure drive and determination, along with the fact that there are so many positive role models to draw inspiration from.

Excuses, Excuses Tch Tch Successful people make their own des-tiny. You won’t hear them complain

about the all things the things that didn’t turn out right. You won’t hear them make excuses. Instead, they push forward knowing

that they are the only ones hindering their path to success. Giving an expla-nation for everything that went wrong is the worst way to handle any situa-tion. If you’re wrong, you’re wrong. Learn from it. Grow from it. Accepting your past will ensure that it will not disrupt your future.

Accept nothing but perfectionBeing involved with something that has moderate success isn’t acceptable for an entrepreneur. There isn’t a single successful entrepreneur that woke up in the morning with the objectivity of making a mediocre project. But hitting a plateau is also not acceptable. A large no of people make goals and are extremely satisfied when they meet them, they don’t find the need to make new ones. Getting the specific job pro-motion or a salary are some common examples.

Screw it, Let’s do it!! -Crystal Dsouza

A successful entrepreneur will never be satisfied on a plateau and will constantly work hard to continue to grow in all as-pects.

Give up feelings of entitlement Many people have really strong sense of entitlement. They think that others should conform to their views and when they don’t these righteous few who com-plain about the kind of service they were re-ceiving and that they deserve better. Learn to speak out in a respectful way. People are not primarily concerned about you and the word does not revolve around u. But they will care if you respect them. Successful en-trepreneurs are never afraid to be around individuals that are more successful than they are. Most people are overcome by jeal-ousy and envy and tend to avoid them, but a successful entrepreneur with view it as a great opportunity for learning. The learn-ing phase of entrepreneurship never ends, and class is always in session.Don’t Multi-task. Some people have managed to mul-titask and pull this amazing feat off, but let them be the exception and not the rule. Successful people realize that this is a myth and choose to take one task at a time, giv-ing it their entire attention such that it reaches per-fection So should you.

”Try Try till you succeed”

In situations where many will quit and when faced with failure, a successful entrepreneur will continue to ac-complish the task he or she set out to complete till it’s done. All obstacles are accepted as challenges, and ulti-mately conquered. The word “quit” doesn’t exist in the entrepreneurial dictionary.Confront your problems

Successful entrepreneurs face their problems as soon as possible. Of course they are tempted to procras-tinate like the rest of us, but they tackle them anyway, because putting off any problem will only turn it into a bigger one and bring along more. They take charge of their thoughts and actions and know how to deal with consequences. They do make mistakes, but they are willing to take responsibility for them by admitting fault and apologizing as necessary.Stop blaming everyone else.

Successful people tend to pursue those things that make them feel accomplished and happy, without worrying about what everybody else thinks. People are very different and each ones view varies according to their values. While some people measure success in rupees, others put more emphasis on creating positive change in the world. There is nothing “wrong” with ei-ther of those definitions, but successful people know it’s NOT right to force your interpretation on another per-son.

“Not everyone is cut out to be an

entrepreneur, very few can handle the pressure and be able to bounce back from making mistakes. Don’t take things too

seriously and get used to making mistakes…

You can change but never give up”- Donald Trump

In 1971, business became more com-petitive and Trump moved to Manhat-tan where he came into close vicinity of many influential people. Real estate kept wooing Trump further. Convinced by the scope and opportu-nity he saw in the city, Trump became actively involved in major building projects and land deals.

Trump obtained the yards on the west side of Pennsylvania Central Railroad when it declared bankruptcy. His ini-tial idea was to market the land for apartments but when proven unfeasi-ble due to poor economic conditions, he then promoted it as the location for a city Convention center. The Govern-ment later selected it over two other sites earning him early recognition.

“Donald trump is disturbingly arrogant but knows

how to make money.” -Kaustav Sarkar, FYMBA,

IBS Hyderabad

Fact file Donald J. Trump was born on the 14th of June 1946, in Queens, New York. He was the fourth of five children of Fred-erick and Mary Trump, raised into a very privileged upbringing. He com-pleted his bachelor’s degree in econom-ics in 1968 from the Wharton School at the University of Pennsylvania.

The Trump Empire

Fred Trump,a real estate tycoon, strong-ly influenced Donald Trump as a child. Trump’s personal goals were much grander than his senior. In college, Trump worked with his fa-ther and later, after graduation joined his father’s company, The Trump Orga-nization.

His first flash of genius showed when he worked out the finance of an expan-sion of the company by convincing his father to use loans more liberally and use the rules to their advantage.

Playing the TRUMP card -Karthik Jairaman

By 1974, Trump obtained many hotels, prestigious office buildings and res-idences. He also owned many casinos, golf resorts and hotels in prime locations like Soho, Panama, Atlantic City, Palm Beach and Palm Springs.

Expansion of the Empire

Trump married Ivana Zelnickova Winkl-mayr, who was named vice president in charge of design in the Trump Organiza-tion. In 1979, Trump leased a plot on Fifth Avenue for a huge $200 million apartmentcomplex designed by Der Scutt. It was named the Trump Tower.

The 58-story building featured a fancy 80 foot waterfall and a 6-story atrium. The iconic tower attracted many well-known retail chains and celebrity renters. The trump tower brought trump national at-tention.Trump got interested in the gambling business. Since the state of New Jersey legalised gambling, Trump sensed an opportunity and was able to acquire a piece of property in Atlantic City. Harrah’s casino parented by Holiday Inns Corporation of-fered a partnership and a $250 million Casi-no opened up in Trump Plaza as “Harrah’s at Trump Plaza.”

With no shortage of inflow of cash, Trump would later go and purchase a Hilton Ho-tels casino for $320 million and name it Trump Castle. Trump then acquired The Taj Mahal during its construction, the big-gest casino in the world, which opened its gates for the people of Atlantic City in 1990.

Downfall & Rejuvenation Trump reached Florida in 1989 and purchased an Eastern Airline Shuttle for $365 million and renamed it to Trump Shuttle. Trump flew it to Los Angeles in 1990 as a part of promotions to inaugurate a $1 billion commercial and residential project.

“Trump is the kind of guy who tells you how much his car costs before he tells you

how it runs.”-Shashank Dadhich, FYMBA,

IBS Hyderabad

However as the real estate market declined in 1990, the Trump empire’s net worth plummeted from $1.7 billion to $500 million.Trump went into colossal debts and mortgages with the involvement of more than 70 banks and finance companies. Massive amounts of loans kept the Trump Organisation from sinking, many anticipated the situation to get worse and cited Trump to declare bankruptcy soon. The organization de-clared that it was $8.8 billion in debt and with Trump personally guaranteeing $1 billion.

In 1995, Trump got a substantial boost as the Securities and Exchange Commission (SEC) relaxed rules and enabled Trump, involvement in the market. Trump initially sold $10 million shares at $14 per share. Later in 1996, Trump sold 13.5 million shares for $32.5 per share. This wouldn’t have been possible without the trust shown by millions of people in the Trump Organization.

Despite clear governmental and societal fa-vours, Trump continued to be critical and outspoken about the government through his shows, public appearances and books.

Personal, Polity and Reality

Trump is popular for his extravagant, flamboyant, arrogant and cocky personality. He stands out from others as he speaks his mind. He criticises others publically and exploits his know it all at-titude. Trump is always in news for all the wrong reasons. His controversial divorce with his wife Ivana tarnished Trump’s image. Soon, he married Marla Maples, a struggling actress who was already par-enting a two month old daughter. Trump then filed for a highly publicized divorce in 1997, which became final in 1999. In Jan-uary 2005, Trump married for a third time to model Melania Knauss.

Trump was a born leader and often flirt-ed with the idea of becoming the President of USA. He kept coming into the political scene frequently. In 1999, Trump publical-ly announced the formation of a commit-tee just to inform whether or not he would accept the Reform Party’s nomination for the presidential race of 2000.

In 2012, Trump was highly associated with the “Birther” movement, a group that believed that President Barack Obama was not born in the US. This discredited Trump’s political image and reputation to a varying degree. Regardless, he contin-ued to be vocal against President Obama’s place of birth and a variety of his policies.

In 2004, Trump began starring in an NBC reality series, The Apprentice which was a soaring success owing to Trump’scelibacy.

In later years, Trump took the show to new heights as he started to rope-in celeb-rities as the contestants and revised the name of the show to The Celebrity Ap-prentice.

“In the end, you’re measured not by how much you undertake but by what you finally

accomplish.”

Donald Trump is the very definition of an entrepreneurial success story. Trump con-tinually set new standards of excellence in his own indigenous way. Trump gets per-sonally involved with everything his name represents. Trump is the quintessential business Donald Trump is the very defi-nition of an entrepreneurial success story.

Trump continually set new standards of excellence in his own indigenous way.

Trump gets personally involved with ev-erything his name represents. Trump is the quintessential business man – a deal maker without peer and a philanthropist who un-derstands the psychology of making deals.

Trump Tower,Las Vegas

“Donald Trump is a very inspirational entre-preneur. He is still one of the richest men on

earth even after having to declare bankruptcy 3 times.”

-Sheldon D’cruz, FYMBA, Section - J

~~~~***~~~~

“Expect the unexpected, & whenever possible be the unexpected”

-Lynda Berry

Gone are the days, when women used to be just the housewives & happy home-makers. Gone are the days, when they used to be entirely dependent on their male counterparts for their financial needs.

A conventional Indian woman symbolizes love, care & sacrifice for the family & the loved ones. The world was confined to small-er boundaries. Also the job designation was gender based. Today we can experience the change in the scenario where-in a third of the world’s entrepreneurs are women.

In India also most of the fields aim for diversifying the scope for women. In India ‘Women Entrepreneurship’ means all the more. Today more women are tak-ing stand for themselves & the rise in no. is suggestive that more & more women are breaking their shackles & striving towards their individuality, respect, recognition & their identity in the society for which the entrepreneurship acts as a platform.

In India, women are on a roll where-in work from home is considered. Start-ing from tasty; tangy achar, papad to delicious muffins, cakes and other con-fectionaries, they have a lot to offer.

Apart from mouth watering delicacies they are doing equally well in service industry like education, medicine, health care, beau-ty, IT, etc .Although, the change is evident but still there are challenges faced by women who aspire to start their own venture in the country. Apart from sexual discrimination another major challenge is to arrange the funds from an external source as Indian women have less financial assets then men.

Still there is lack of awareness amongst them regarding the government schemes to promote women entrepreneurship. For male entrepreneurs it’s just about their ven-ture whereas for the females it is all about striking a perfect balance between their personal lives; involving the families and their professional lives.

To cope with the stereotypic attitude to-wards women on daily basis is yet anoth-er Herculean task. This inherent mindset doesn’t easily allow men to take orders from women in prestigious positions. Risk-averse nature of women might create an obstacle in the expansion of the venture to a new level altogether .

Women Entrepreneurship - The Indian Scope -Priyanka Mailk

Also, the lack of support by the family & society undermines the women potential. Lack of knowledge of availability of raw materials & mobility constraints also pose a threat to women entrepreneurship. To undermine the effects of the challenges, the government & several other organizations have come up in recent past which not only guide women entrepreneurs in their bud-ding stage but encourage more number of self employment opportunities. Entrepre-neurship Development Programmes are being held to create awareness & to pro-vide vocational training to women.

Government also provides incentives & concessions to encourage participation of women. For instance women beneficiaries are preferred in Prime Minister’s Rozgar Yojna (PMRY). MSE Cluster Development Programme provides 30-80% involved in the total project. Also, under Credit Guar-antee Fund Scheme for

Micro & Small Enterprises, the guarantee cover is generally available upto 75% of the loans extended.

Since, single handedly governmen can’t help in overcoming the challenges of wom-en entrepreneurship therefore; other organizations & NGO’s also supplement the same.

Organizations like Federation of Indian Women Entrepreneurs (FIWE), Self-Em-ployed Women’s Association (SEWA), and Women Entrepreneurs PromotionAssociation (WEPA) have also done a com-mendable job to help women take a step forward.

Finally, it can be said that India is witnessing an entrepreneurial boom in-clusive of first generation entrepreneurs; social entrepreneurs & women entrepre-neurs.

Since, women form a little less than 50% of the entire population of the country there-fore; their contribution towards the econ-omy can’t be neglected. Women in higher positions are perfect epitome of sincerity, dedication & commitment. Further, with continuous appraisal, encouragement & changing policies the women entrepre-neurship would be on a roll in the near fu-ture.

An entrepreneur is a go-getter. Tread-ing towards unknown avenues, taking risks for a life which is always uncer-tain. As entrepreneurs we will at some point or the other ask ourselves this question: From where do our entrepre-neurial qualities emerge? In a study of successful entrepre-neurs it has been found out that those who have played sports of some sort in their formative years have gone on to become better leaders, possessing a penchant for calculated risk taking: An attribute absolutely essential to become a top-notch entrepreneur.

Venus Williams: Ace tennis player is CEO of her interior design firm “V Starr Interiors” and launched her fashion line in 2007.

Playing sports and running a business venture requires almost the same attri-butes because a person in either one will always be in the firing line of adversity and in order to succeed, not giving up is of utmost importance. A never-say die attitude is imprinted in your mind; a be-lief that winning is everything courses through your veins. For athletes, not being at the top of their game and a weak men-tal attitude will result in a loss of place, a loss of form, which is counter-produc-tive. So, in order to be at the top, to be the top dog, athletes have to keep raising the bar and when they carry over this passion into the work-field, it is one of the ingre-dients necessary for success.

LeBron James: Champion basketball player is owner of marketing agency LRMR which se-cured deals with Nike, Sprite and Upper Deck. Entrepreneurship is not, and will never be a one-man show.

Entrepreneurship and the Sporty Konnect -Saim Karim

It requires a team in sync with the overall goals of one person: the leader, to fall in line. Very few teams in the history of sports have gone on to become successful over a period of time without an able leader and motivator of men. An elite entrepreneur takes cues from a successful sportsperson in managing a business to propel it to-wards the top rung of the industry. An en-trepreneur has to grab the reins of the busi-ness and lead it through choppy waters to steer it home. Although business and sports leadership are two different realms: the mantras for success are more or less the same.

Mahesh Bhupathi: One half of India’s best dou-bles partnership he owns media and sports man-agement giant Globosport handling high profile clients. Picture this: The captain of a successful football team is the centre-back.The match goes into extra time. The team has to hold on to the lead in order to win the champi-onship for three years in a row.

He is marshalling his players and barking out orders at the top of his voice. What is he feeling right now? The answer: A feel-ing of extreme pressure. Some games come down to the wire, and a successful team is one which is led by a captain who can sus-tain pressure and take the right decisions: Qualities you will find in a successful en-trepreneur as well. We have seen good players choke under pressure but the tru-ly great ones come out of it basking in the warmth of winning. As a leader of your start-up your employees believe in your ability to make the right decisions. Dead-lines only add to the ever bubbling caul-dron of pressure. A true leader will know how to take these things in one’s stride and deliver at the end of it all. Having a sporty past prepares you for a similar road ahead.

Mark McCormack: Founder of IMG, leader in im-age management. Mark was a budding golfer. You never practice. Yet you strut towards the playing field feeling confident about your abilities to take your team over the line.

You may triumph once, maybe twice, but never consistently in the long run. Regular practice will also hone the weaker points of your game to make you a more round-ed athlete who is a daunting prospect to beat. No entrepreneur is perfect. He/she has points which have to be chiseled to make his/her overall personality sharper. An entrepreneur has to work and practice like an athlete to become a perfectionist. Perfection guarantees success.

“I have not failed. I’ve just found 10,000 ways that won’t work.” ― Thomas A. Edison

Thomas Edison, dubbed “The Wiz-ard of Menlo Park” was one of the great-est innovators and entrepreneurs of his time. This quote drives home one fact: Perseverance is one of the essential attri-butes for success. Everyone comes across a range of obstacles which hit us like a brick wall before we are crowned cham-pions. Some roadblocks are demanding, sapping the very soul out of you.

But perseverance, heart and vision are qualities which keeps a leader going and taste the fruits of hardwork.The field of business and start-ups is not the easiest game on earth. To even come close to the finish line, the entrepreneur has to try and overcome obstacles at every nook and corner. Much like sports, nothing is ever laid on a platter for you, you will have to battle for scraps and battle some more for the ultimate accomplishment. The only thing which will get you through is per-severance and a single-minded passion to succeed.

We have seen thus that many similar traits hold good in the realms of sports and entrepreneurship. Being in sports does not in any way guarantee success in the corporate jungle. However, it goes a long way in toughening you up for the rollercoaster ride which a ca-reer of entrepreneurship has in store for you.

Venture capitalist: A true view -Omkar Tawade

We being a part of a B-school must’ve come across the term venture capitalist and I must say we all have a fair idea about what it is and what it aims to do. If one were to ask an industry expert, he will not give you a direct inner perspective as to whether it is permissible and viable to go the way of a venture capitalist or to choose your own path. He would come out with the conclusion that venture capitalist takes an arm and leg from your organization and make you to walk with it on its back. Now the wise surely will draw conclusion as to where it is going, being a lucrative field it encourages budding entrepreneurs to suc-ceed and find a path of their own.For starters venture capital is ,” a financial capital provided to early-stage, high-po-tential, growth startup companies“. As was quoted by Mr Bhanu Gupta, student Icfai Hyderabad,” Venture capital runs in the veins of the organization and enables its heart to pump on and off and makes sure it creates utility”.

Another student of Icfai Hyderabad Kau-shik Chandell says,” Want to make it large be with the large(venture capitalist)”The venture capitalist earns his revenue by investing in the company providing it with the necessary funds and backing which is required by small firms who cannot go public , having no recognition what so ever and have loads of ideas which cannot be initiated without the induction of money in its veins.

Venture capitalist in the beginning sure acts as an angel , for the same reason it has been given the name angel investor and at the same time also been given the name of a boot strap, which enables you to walk enough with the venture capital having a share of your energy all the time you walk , just as its said ” the house always has a cut whether you win or you lose! “Married men would agree when explained properly the true nature of a venture capitalist, for venture capitalist is a never ending love story with forceful ro-mance and intimacy even when it is not de-sired and divorce is simply not an option!The venturists also have a responsibility on their part. They have to face their inves-tors who have invested in them for better returns ignoring other financial organiza-tions. Its working is similar to a bank offer-ing give and take solutions to its custom-ers, but goes beyond that when it forms an internal part of the organization to which it has lent.

The VC’s reserve a right to receive extra shares when the stock price of the compa-ny goes down and also have a reserved 1st right to withdraw their initial principal as also the dividend from the company when the boat is sinking! They sure are the mas-ters of the ship and flee even before the rats escape the ship leaving the crew members on their fate. Even when you are the CEO you find yourself to be puppet of the VC’s for management related decisions. There is no second view that you know your prod-uct better than the VC’s but some decisions cannot be explained when you don’t get the autonomy to go ahead with your gut , calculation and the betterment of knowl-edge you possess for having known the in and out of your project/product.

The cut-throat competition makes it mandatory for the VC’s to pool in the re-sources from other VC’s which makes their risk more dilute and in this rule of the big-gies the people under them have to face the whims and fancies of the moods egos and attitudes of their various unconditional bosses. It often leads to ego clashes and the end result is the disruption of the working of the real owner of the firm.Where would be we without them?Lately VC’s have become the most sought after people with their award winning and successful stints with Facebook .The tide turner in this case was Jim Goetz of Sequoia capital. Another big name is Ben Horowitz who has been instrumental in backing up-coming firms in technology segment Nicira , Asana, Capriza , Jawbone etc . Needless to say venture capitalists have provided with the right background and footing to many great ideas worldwide. USA has about 2% of its GDP coming from

venture capital backed firms and also con-tributes to about 14% of the national em-ployment in the country. The cloud of ven-ture capital has also covered India, where top B-schools and engineering colleges are encouraging entrepreneurship amongst its students. Who is not aware of the latest Indian business success stories of Flipkart and Redbus who were funded by venture capitalists, they seem to perform better day in and day out. Artheon ventures, Artiman ventures, August capital partners etc are some of the leading Indian venture capital firms tapping new ideas taking inspiration from their US counterparts like Sequoia capital.

One often loses focus on the ill-effects of venture capitalism when one has gained ground, but one should remember that venture capitalists guided and funded you when nobody else did, when one had less recognition and virtually no credit rating. This is like a father helping his child to walk and asked for the same help when he grew old.

They actually provided the amateurs to live their dream and focus on the core object of the product wherein they look into the business aspect of the firm. With the venture capitalist the idea actually paves the way for a fulfilling business model, it sows and seeds into a big tree.

Marriages don’t always fail, some set examples some don’t, but the outcome has always been on the better side, the deal is how one goes about things! Now the choice vests in the hands of the budding entrepre-neurs whether to be or not to be!

Play in the Place of Pain -Gomathi

“Learn to read and read to learn” de-fines education in one go. With no sec-ond thoughts, favorite subjects always had the best teachers. What if Isaac Newton himself takes classes on grav-ity in all institutions across the world? Many non biological children of New-ton will be found occupying the earth. Every kid deserves education of that kind.

The 2013-2014 startups in Indian educa-tion sector has so far filled the gaps only in educational services, which includes online sharing of study materials, skill training, teaching English as a language, training graduates for industry expe-rience, project based courses, coaching for higher education and e-learning.

If the School journey that begins with shedding the first self wiping tears, ends in achieving the ability to find the best training institute to get admission in college, then, what are schools meant for? What else is taught in colleges for a student to go in search of skills, per-sonality or knowledge development programs in the outside market? Let-ting many graduates unemployed or to choose a job in any sector for livelihood - The pain prevails.

Following a routine, faults the innova-tion. E-learning owed the drawbacks of boring, non interactive sessions with predefined orderly fashioned learning.

Lack of human touch differentiated e-learning from traditional schools thus full time e-learning failed to build trust from parent’s side. Corporate prefers e-training for their employees as it gives them economic benefits.

On the other hand Tiffany Fulcher, who everyday wakes up four and half hours after us, had once dreamt of in her sleep about outsourcing education on the earth plates of United Kingdom from her city Texas

Tiffany FulcherIn the year 2011, she launched Education Outsource which delivers cutting edge training opportunities to schools, teach-ers and organization using digital media. Education outsource are famous for their lunchtime lessons, which involves wall-wisher.com teaching vocabulary, pro-grams for empowering educator’s in-spiring mind and changing education paradigms via animations. “Entrepre-neurship is the game of priorities” says Rohit pande in one of his interview, who didn’t think twice before quitting his comfortable job at large multinational com pany along with his friend Sameer-

Buti to launch their start up, Classteacher.

Rohit PandeClassteacher Learning Systems was found-ed by the two IIT-Delhi alumni on a mis-sion to revolutionize the process of teach-ing prevalent in India.

They are the pioneers in interactive classroom. According to their website, they offer digital classroom solutions to over 1500 schools, 2 million students and 75,000 educators all across the country. 3D library is a one of their special addi-tional feature. Classteacher after fluttering its wings in the sky of education provides franchise opportunity for others to explore the wide horizon. Karthik KSKarthik KS an alumni of ISB, Hyderabad founded 24x7 Learning, a company in-volved in online executive education in Banglore, India.He also runs an NGO called www.tvse-sha.com to educate and put children

into schools/col-leges who otherwise would have entered the manual labor in-dustry. It’s major product and services include learning management system,

mobile learning solutions,

online education for students and work-ing professions.Conducting webinars and updating latest news to their members are seemed to be their added values. Provid-ing unique enterprise solutions to business across the world, they have their office in India and USA. “We should focus on hav-ing at least one great course online for each subject rather than lots of mediocre cours-es” suggested Bill Gates. In a world that expects customized products, it isn’t that easy to satisfy everybody with one. The actual customization in education in-dustry happens with living, breathing instructor. E-learning transformed into e-classrooms with the help of education outsourcing can definitely be a winner to-morrow. Existence of 3261 education angel investors worldwide is a boom time for en-trepreneurs to blossom in the non flower-ing plant of education sector.

Teacher has the power of molding the minds of students on how to think, result-ing to which, what to think is decided by them. Developing Freelance teacher hir-ing sites have stopped the hunt of talent-ed brains that could generate the same frequency of vibration inside the students. Also, hiring a freelancer as a teacher serves economical as well.

When need is stronger than want, pain stays the strongest. Need creates de-mand, whereas pain develops an emergent growth for the thing that heels it. It’s now the time to play by making moves near the place of check mate, to protect our future kings. Understanding beyond google and learning what youtube didn’t explain will not be uncommon with entrepreneurs in-vading education industry.

Entrepreneurs are job makers. If only people were to run behind jobs then at the same time there must be people to provide jobs for them.

Entrepreneurs are different. They rely on their intuitions. In today’s scenario, a time has come that there is lot of scope for entrepreneurs to utilise their skills and take over the market with their in-novative ideas and ways of convening their business.

Years ago there was a time that we couldn’t really imagine one to take ini-tiative and begin with their own start-ups. To name a few people like Ratan Tata, Dhirubhai Ambani, Subrata Roy, Narayan Murthy, Lakshmi Mittal, when arose in their era , were considered to be “BORN ENTREPRENEURS” with their inherent talent. The competition they faced weren’t as tough enough as it is in today’s time. The markets were vac-uumed and inertia was highly needed.

These grandmasters realised that invading here should result in success and they were pretty much right. With all the risk they took and the even after facing all odds, they made their prod-ucts and services take over. This only shows that they were born to be entre-preneurs because they didn’t

really have any hierarchy of business that was succeeded by them. Despite of many of them being from a service class families, they had the courage and desire to fight against the conventional and prove it to the world.

They were highly optimistic, which was one of the biggest reasons of their success. They believed that entrepreneurship is something which cannot be taught but it is a success story of all the worldly experi-ence one has enjoyed in their entire life.

It was their inborn ideologies that came into the picture of business era and where the Importance of building up of compa-nies or say manufacturing industries/units was to be considered of high importance. The basic rule they followed was “NOT TO BE WANTREPRENEURS”.

**”WANTREPRENEURS”** - Individuals who merely want to start up business ei-ther to become rich or to gain fame.

It was their zeal and urge that make them through. They really had the required traits and behavioural personalities that helped them get through the way.Well this also proves us in today’s world that Entrepreneurs like “Steve

Yes We Can!! -Priyanka Binjrajka

Here such desirous individuals have to be trained and moulded in such manner that they can become “Right” entrepreneurs in the future.

Exposing them to the real world scenarios and letting the face the actual challenges and giving them the right opportunities in their amateur stage will only help them pursue their goals of entrepreneurship.

Therefore it is very much important even to “make entrepreneurs” and b-schools and entrepreneurship clubs guide them through their way. Entrepreneurs like Deep Karla (make my trip), Adi Godrej (Godrej Ltd.), Kumar Mangalam Birla (Aditya Birla Group) etc. are some of the best examples one can see in real life. To take real world examples we have con-temporary entrepreneurs with us like•Mr.Sachit Singhi, an MBA from ICFAI BUSINESS SCHOOL, HYDER-ABAD, is the director of ‘’Stayzilla.com’’ is into the marketing department of the company.

jobs & Mark Zuckerberg had and have the talent to make it to the silver line and fol-low the tag “just do it”

While we spoke about “how people are born entrepreneurs”, we now discuss about “people are made entrepreneurs”.

Often business schools are established for the very purpose of producing end products – “entrepreneurs”.

In today’s time where competition between individuals and firms has grown beyond boundaries, where the markets are saturated and innovation is the NEED of situation, comes the role of such b-schools where the entrepreneurs are nurtured and are imbibed with all that is needed to face the world at large.

A set of skills and thought processes that can be taught and learned is done here. When entrepreneurs are made, their ideas are nourished and are taken to new hori-zons where they are actually needed.

The entrepreneurs are taught many concepts of accounts, economics organisational behaviour etc. to frame their knowledge so that they use the same for better practices. Nowadays many en-trepreneurs take the grandmasters like V.G Siddhartha (café coffee day), Vishal Gondal (Indiagames), Rahul Sharma (Micromax), Rajat Tuli and Rahul Anand (happily un-married) etc. as their role models and are inspired to achieve a success like theirs .

Reviews:-- ‘’I recollect what our Organisational Behaviour faculty said that certain be-havioural traits are to be ‘’learned’’ by indi-viduals. An entrepreneur in today’s world needs the same’’- Nikitha Bhatia, IBS- ‘’In today’s world with lot of competition , an entrepreneur has to be trained to face all odds, therefore our country really has to ‘’make’’ skilled entrepreneur. – Garima Arora,IBS.

Regardless of whether or not entrepre-neurship can be taught, it can definitely be tested. Being a successful entrepreneur lies in understanding your skills and develop-ing a mental framework for responding to specific situations.HAPPY ENTREPRENEURSHIP!!!

• GOONJ- by Anshu Gupta , Masters in Economics. Being from a middlie class family, Anshu knew the importance of re-cycling and resuing. He started off with collecting clothes from his own house, his family & friends and distributed the same to the rural poor so as to protect them with the winters of delhi.

In an interview with anshu gupta:-10) What is your message to readers especially management students?Education definitely helps one to under-stand the importance of the basic needs of life like clothing and also some deeper needs like dignity. You are tomorrow’s leaders and I firmly urge people to join us not with the sense of doing volunteering but take it as your duty. That’s why we never set any expectation within our team or from our volunteers. Join this movement and take it to every nook and corner of the country.- Ref-http://insideiim.com/the-clothing-man-interview-with-anshu-gupta-found-er-goonj/

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