>> Thinking Big that opportunity.

By creating
Mahesh Danannavar, manag-
ing director, Educampus
Learning Private Limited
started his entrepreneurship
journey with Corporate Con-
nect, a BPO services company
catering to domestic clients.
"We started with 10 employ-
ees and grew to 200 by 2008
with offices in Mumbai and
PP Subramanian, President and CEO, the US. Then, recession hit
Sanovi Technologies the outsourcing industry and
we also got affected severely.
Later, we diversified into off-
shore staffing and software
HEAD solutions," shares Danan-
navar about his first venture.
employment and wealth, we
really help our economy to
grow," explains Danannavar.
But his entrepreneurial FOR CAREERS IN THE FAST LANE
journey was not a smooth
one and he had to face chal-
lenges. "My first venture was
really successful and it was in
the B2B space. I then thought
of starting something in the
consumer space and thus
launched my second venture
in the wealth management
T H E ECO N O M I C T I M E S N E W D E L H I ● T U E S DAY ● 12 O C TO B E R 2010
space. But it was a real disas-
ter. We really didn't get great
success with our second ven- ent fields as he always gauged oppor- But how can a serial entrepreneur
ture, as we initiated it during tunities and he feels it is very difficult run multiple ventures successfully?

START "My second venture was in

wealth management and the
third venture, Educampus, is
in the online learning space,"
AN IDEAL LEADER … shares Danannavar.
the recessionary phase and
our timing was not right,"
to manage multiple firms at a time but
again, it is a very challenging journey.
"The biggest challenge for a serial
entrepreneur is to stay focused,”
says Danannavar. But he "It's like taking care of three children says Danannavar. He strongly feels
learnt quite a lot from his fail- at a time. We cannot neglect any child; that there is no downside for being a
ures. "For me, if you fail in similarly, we cannot neg- serial entrepreneur.
business, it's the business that lect any of our businesses "Every serial entrepreneur

…controls fear while
handling unknown or known
to be tricky issues, equipped
with the ability ability to
think strategically to sort
through the clutter and take
the best path. He should be
be an activator to get things
started, an achiever and be
driven by achievements, able
to maximise the given talent
or situation and finally be self
assured and have the
conviction that things will
work out.
The desire to be on his own
was the motivating factor be-
hind Danannavar's plunge
into entrepreneurship. "I
started my first venture when
I was doing my graduation.
When I saw opportunities af-
ter the dotcom bust in 2001, I
took the risk and joined the
entrepreneurship bandwag-
on. I believe that we must
contribute something to the
society, as well as create
wealth for ourselves, and it’s
entrepreneurship which gives
has failed, not you as an en-
trepreneur. I completely be-
lieved in this ideology and
worked very hard to cope with
my failure, both emotionally
and financially," shares
Danannavar.
"Now, with my third ven-
ture I am enjoying my journey
as I enjoy interacting with my
customers directly and feel
good when we get positive re-
views,” adds Danannavar.
Danannavar entered into
different ventures from differ-
“
by focusing on a single should keep in mind that
firm. Sometimes, I lose you should build
focus being in multiple a saleable business.
businesses but if you can The biggest I did the mistake of
delegate and execute being emotionally
operations properly, then
challenge for connected with all the
there isn't any problem in a serial enterprises I have started
managing multiple firms. entrepreneur is and didn't sell them
It depends on the capabili-
ty of a person to manage to stay focused even though I had the
opportunity to do so. So, if
multiple businesses. If you you get an opportunity
really believe in your idea and plan to sell your business,
and execute your ideas, then you can then just do it at the right time and
juggle more than one business at a move on to the next business,"
Mahesh Danannavar time," believes Danannavar. suggests Danannavar.

MY PERSONAL TEAM

TO BE CONTINUED...
MANAGEMENT
PRINCIPLES ARE…

… identifying talent, sharing

your belief with the talent,
providing an opportunity to
excel while constantly
participating without
interfering.
A SERIAL ENTREPRENEUR, BY DEFINITION IS A PERSON WHO CONTINUOUSLY COMES UP WITH NEW
IN THE PEOPLE I HIRE…
IDEAS AND TRANSLATES THEM INTO NEW BUSINESS OPPORTUNITIES. IT IS THE PASSION FOR
… I look for complimenting INNOVATION AND THE ABILITY TO TAKE RISKS THAT MAKES THEM THE CREATORS OF ONE SUCCESSFUL
skills (find what is missing in
myself and the core team), VENTURE AFTER ANOTHER. PRIYA C NAIR SHARES THE SUCCESS STORIES OF TWO SUCH INDIVIDUALS
basic competence for the role,
interpersonal ease and above
all, an attitude or approach to
Private Limited, a nursing services and healthcare in- managing multiple firms at a Sharma. must be equipped with. If
win. The best people are all
institute. Like any entrepre- spired us to initiate some- time is a challenge, as we are Even Sharma and his you have it in you, you can
over; you have to train your
neur, the dream of pursuing thing in that space. Thus, I dealing with different people team had to face several ob- run as many ventures as
eyes and guts to find them. Ajay Shankar Sharma something on his own com- started other ventures," ex- with different mindsets. stacles before ensuing suc- you want,” believes Shar-
pelled him to be an entre- plains Sharma. However, he believes that cess for the three firms. He ma.
LEADERSHIP PIPELINE IN preneur. But what made him According to Sharma, managing multiple ventures believes that challenges are As experts say, once you
AN ORGANISATION… >> Power of ideas think about starting two oth- is a good idea, as when one a part of an entrepreneurial learn the ropes of entrepre-
Ajay Shankar Sharma, chief er ventures? "I believe that is going low, we have anoth- journey. "I have treated fail- neurship, it's less daunting
… is very important. The best every business/product has a er one to support. Thus, ures as ladders to success. to start the second venture,

executive officer, Srishti
talent can fail in leadership Software Pvt Ltd runs three
functions if not honed. So, ventures in three different
identifying and mentoring sectors - Srishti Software Ap-
should be an ongoing plications Private Limited, a
process. software products company,
SuperSeva Services Private
Yasmin Taj
Limited, a personal and cor-
porate assistance company
and Superseva Healthcare
life cycle; in this life cycle,
the product will grow and
tend to mature and once it
matures and stabilises, the
growth will be equal to nil.
I believe that every
So, either we should kill that
product or have an alterna-
tive business. Moreover, the
service sectors like concierge
“
business/ product
has a life cycle
multiple ventures help.
"Multiple firms can be man-
aged efficiently when we
have the business focus, an
ability to understand the
need of the customer and
the correct ability to get the
right kind of support from
the team members," adds
With proper planning and
presence of mind, I was able
to overcome the challenges
easily," explains Sharma.
"Stability of mind, courage,
vision, an ability to inter-
pret economy and foresight,
etc are the essential quali-
ties that an entrepreneur
as one is aware of what
needs to be done to become
a successful entrepreneur.
Opportunities are just wait-
ing to be explored and with
experience, entrepreneur-
ship is less daunting!
ethighflier@indiatimes.com

BANK Exciting Opportunity in East Africa

_____

Managing Director - Kenya

UCO Bank Invites applications from Indian citizens for 50 posts of Specialist Management Fina Bank is an East African commercial banking group with its headquarters in Nairobi and an
Executives in Middle Management Grade Scale- Ill ( Rs . 25700-800/5-29700-90/2-31500 ) asset base of over Ksh 22 billion . In order to enhance its rapidly growing operation , the Group
who should be MBA/Chartered Accountant for Bank’ s Treasury/Credit/International wishes to recruit a Managing Director responsible for its Kenyan operation.
Ban king/Loan Syndication/Risk Management services. Reporting to the Board of Directors, the Managing Director will be responsible for business growth
within the Kenyan operation through expansion of delivery channels, introduction of innovative
Eligibility Criteria : products and enhanced service delivery. S/he will be expected to deliver consistent and prudent
I) Age Not below 22 years and not above 35 years as on 01.10.2010 (Relaxation in profit growth through the focused achievement of agreed objectives.
upper age limit for SC/ST/OBC/Physically challenged candidates will be as The Managing Director will be an experienced banker with a minimum of 15 years banking
_ _ _ _ _ _ _ _ _ _ _ _ _
per Government guidelines) experience (5 of which must have been at a senior management level) and a demonstrated track
II) Educational Minimum Post Graduate Degree I Diploma in Business Administration of
record in business development, operations , risk management and general management . S/he
Qualifications minimum 2 years full time duration. The Institute should be recognized I will be a visionary leader with excellent excellent
networking and communication skills with a proven ability
approved by Govt. of India, ie. approved by UGC or AICTE or Chartered to manage people with diverse cultural backgrounds.
Accountant. The ideal candidate should possess a relevant undergraduate degree in a business related field
Preference will be given to those who are MBA with Engineering Degree or and professional qualifications in banking, accounting or finance. Possession of an MBA or similar
Chartered Accountant with Company Secretary. post graduate qualifications will be an added advantage. Applicants should currently be holding
positions similar to Managing Director , Executive Director or General Manager in a commercial bank.
Ill) Post Candidates should have essentially minimum one year post qualification This is a challenging and extremely exciting role for which Fina Bank will offer an attractive
Qualification experience in a Public Sector Bank of working in areas of Treasury / /Credit I remuneration package. If your career aspirations match this exciting opportunity, please send
Experience International Banking I Loan Syndication / Merchant
/ Banking I Risk Management. your CV, recent photograph and covering letter to mdopportunity(ã finabank.com
IV) Participation of Existing officers of Bank fulfilling the eligibility criteria can apply. They will be Strict confidentiality will be maintained and only short-listed candidates will be contacted.
existing officers allowed 5 years’ relaxation in upper age limit. The closing date for application is 31st October 2010 .
V) Reserved Reservation of posts : SC-7, ST-3, OBC-13. Reservation for Physically
Categories Handicapped : OC-1 and Hearing Impaired (HI) 1 Reservation and relaxation
-

in upper age limit , etc. will be as per Government guidelines.

VI) Application Fee a) SC/ST/PC candidates Rs.50/- as postage charges only.
- FACTORY JOBS
and Postage
b) All others including OBC Rs.4001- (Application Fee Rs.3501- plus Rs.50/-
-
6 lcikhs to 9 lakhs p.o.
g components and/or assembly. It requires
as postage charges) Founded in 1959, H awkk ins
Cookers Limited is a professionally
Application Fee should be paid by DD/Pay Order favouring UCO BANK managed, public limited company.
SPECIALIST MANAGEMENT EXECUTIVE RECRUITMENT PROJECT-2010 In 2009-10, sales were ‘295 crores
payable at Kolkata . and net profit after tax was 37
_ _ _ _ _ _ _ _ _ _ _ _ _
crores. The Compound Annual
Growth Rate over the last five years
Candidates fulfilling the stipulated eligibility criteria for the post should send one application is 19% in sales and 74% in net profit
only. Advance copy of application should be sent by the candidate through our following e- after tax . Hawkins is the leader in
the pressure cooker market for the
mail ID :- Hard copies of applications alongwith Application Fee by DDIPay Order and all last 35 years. Hawkins has three
relevant copies of attested testimonials should be submitted through Speed Post/Registered factories — —at Thane near Mumbai,
Hoshiarpur in the Punjab and in UP
Post only, latest by 6th November, 2010, in a sealed envelop superscribed “APPLICATION near Allahabad.
FOR THE POST OF SPECIALIST MANAGEMENT EXECUTIVE IN UCO BANK” to :- Hawkins is known for its fair
policies and ethical pp ractices .
The General Manager (Personnel Services) 4th Floor , HRD Section , 3&4 DD Block , Hawkins emphhasise s incentive
payments by results and selection
Sector 1, Salt Lake, Kolkata 700 064 -
and pp romotion pp u r ely on merit.
Hawkins requires Managers or
Detailed Advertisement and format of application has been displayed in our Bank’s website General Managers forrthese jobs at
at www.ucobank.com Candidates willing to apply for the above Post are requested to visit tt oher
one or he tt of its tt hree
factories. T ot al rre mun e ration
our website and see the details about eligibility criteria/educational qualification/age/reservation including incentive payments (cost
etc . before submitting their applications as per Bank’ s format in this connection . to Company) will
be negotiated
Candidates selected for the interview will be reimbursed AC-Ill Tier/Ist Class Railway Fare appropriately
bbetween
m places of address given in the application to the venue of interview.
in shortest route from the 6 1akhs to
9 lakhs per
year with
aw fl
General Manager each selected
Personnel Services candidate.
MANUFA CTURING PURCHA SE & STORES
& SUB-CONTRACT This may be a job with combined responsibility for
both functions or for only one. It requires a
The job involves responsibility for
in-house or out-house manufacture of commerce or engineering degree or a materials
management quali cation with three years
a mechanical engineering degree with a experience ri a similar job.
minimum of three years suitable
DESPATCH & EXCISE
experience.
The job involves factory-wide responsibilit y for
PRODUCTION PLANNING despatch and excise. It requires a commerce or
& CONTROL law degree and a minimum of three years
The job involves facto ry-wide experience in a similar job.
responsibility for PPC . It requires a FACTORY ACCOUNTS
mechanical engineering degree with The jo b involves responsibility for factory
specialization in PPC and a minimum of payments and accounts and costing. It requires a
three years suitable experience . Fresh Ill commerce degree with three years suitable
graduates may also be considered. experience or or
a Cost Accountant or a Chartered
QUALITY CONTROL Accountant .
The jo b involves facto ry-wide FA CTO RY RY
PER SO N N E L
responsibility for Quality Control. It The job involves responsibility for all functions
requires a mechanica l engineering degree of a Personnel Department in a fa ctory. It requires
with specialization in Quality Control and a post graduate degree with specialization in
a minimum of three years suitable personnel and a minimum of three years suitable
experience. Fresh lIT graduates may also
be considered.
experience or an XLRI qualification.
MAINTENANCE
FACTORY SECURITY
The job involves responsibility for all aspects
The job involves factory-wide of factory security and reports directly to the
responsibility for mechanica l and electrical Factory Manager. It requires at least three years
maintenance. It requires a mechanica l suitable experience. Recently retired military
and/or electrical engineering degree and officers or released short service commission
at least three years of suitable experience . officers shall also be considered.
THE NEXT STEPS
AA
p p ly spec ifying the ob in which you are interested and the location you prefer.
Give full details of age, education, experience and present remuneration and a
note (about 300 words) in Eng lish in your own handwriting on “Reasons why
I am interested in this job”. The selection process shall consist of screening of
app lications; a written test at various centers all over India; and a group discussion
and final interview in Mumbai for which return rail fares shall be paid. Apply
to Chief Executive-Personnel , Hawkins Cookers Ltd., Maker Tower Fl 01 ,
Cuffe Parade,Mumbai 400 005,prompt ly.