>> Thinking Big

Mahesh Danannavar, managing director, Educampus Learning Private Limited started his entrepreneurship journey with Corporate Connect, a BPO services company catering to domestic clients. "We started with 10 employees and grew to 200 by 2008 with offices in Mumbai and the US. Then, recession hit the outsourcing industry and we also got affected severely. Later, we diversified into offshore staffing and software solutions," shares Danannavar about his first venture. "My second venture was in wealth management and the third venture, Educampus, is in the online learning space," shares Danannavar. The desire to be on his own was the motivating factor behind Danannavar's plunge into entrepreneurship. "I started my first venture when I was doing my graduation. When I saw opportunities after the dotcom bust in 2001, I took the risk and joined the entrepreneurship bandwagon. I believe that we must contribute something to the society, as well as create wealth for ourselves, and it’s entrepreneurship which gives

PP Subramanian, President and CEO, Sanovi Technologies

HEAD START
AN IDEAL LEADER …
…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.

that opportunity. By creating employment and wealth, we really help our economy to grow," explains Danannavar. But his entrepreneurial journey was not a smooth one and he had to face challenges. "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 space. But it was a real disaster. We really didn't get great success with our second venture, as we initiated it during the recessionary phase and our timing was not right," says Danannavar. But he learnt quite a lot from his failures. "For me, if you fail in business, it's the business that has failed, not you as an entrepreneur. I completely believed in this ideology and worked very hard to cope with my failure, both emotionally and financially," shares Danannavar. "Now, with my third venture I am enjoying my journey as I enjoy interacting with my customers directly and feel good when we get positive reviews,” adds Danannavar. Danannavar entered into different ventures from differ-

FOR CAREERS IN THE FAST LANE

T H E ECO N O M I C T I M E S N E W D E L H I

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T U E S DAY

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12 O C TO B E R 2010

Mahesh Danannavar

But how can a serial entrepreneur ent fields as he always gauged opporrun multiple ventures successfully? tunities and he feels it is very difficult "The biggest challenge for a serial to manage multiple firms at a time but entrepreneur is to stay focused,” again, it is a very challenging journey. says Danannavar. He strongly feels "It's like taking care of three children that there is no downside for being a at a time. We cannot neglect any child; serial entrepreneur. similarly, we cannot neg"Every serial entrepreneur lect any of our businesses should keep in mind that by focusing on a single you should build firm. Sometimes, I lose a saleable business. focus being in multiple I did the mistake of businesses but if you can The biggest being emotionally delegate and execute challenge for connected with all the operations properly, then a serial enterprises I have started there isn't any problem in managing multiple firms. entrepreneur is and didn't sell them I the It depends on the capabilito stay focused even though do hadSo, if opportunity to so. ty of a person to manage you get an opportunity multiple businesses. If you to sell your business, really believe in your idea and plan then just do it at the right time and and execute your ideas, then you can move on to the next business," juggle more than one business at a suggests Danannavar. time," believes Danannavar.

MY PERSONAL TEAM MANAGEMENT PRINCIPLES ARE…
… identifying talent, sharing your belief with the talent, providing an opportunity to excel while constantly participating without interfering.

TO BE CONTINUED...
A SERIAL ENTREPRENEUR, BY DEFINITION IS A PERSON WHO CONTINUOUSLY COMES UP WITH NEW IDEAS AND TRANSLATES THEM INTO NEW BUSINESS OPPORTUNITIES. IT IS THE PASSION FOR INNOVATION AND THE ABILITY TO TAKE RISKS THAT MAKES THEM THE CREATORS OF ONE SUCCESSFUL VENTURE AFTER ANOTHER. PRIYA C NAIR SHARES THE SUCCESS STORIES OF TWO SUCH INDIVIDUALS
Private Limited, a nursing institute. Like any entrepreneur, the dream of pursuing something on his own compelled him to be an entrepreneur. But what made him think about starting two other ventures? "I believe that every business/product has a 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. So, either we should kill that product or have an alternative business. Moreover, the service sectors like concierge services and healthcare inspired us to initiate something in that space. Thus, I started other ventures," explains Sharma. According to Sharma, managing multiple firms at a time is a challenge, as we are dealing with different people with different mindsets. However, he believes that managing multiple ventures is a good idea, as when one is going low, we have another one to support. Thus, multiple ventures help. "Multiple firms can be managed 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 Sharma. Even Sharma and his team had to face several obstacles before ensuing success for the three firms. He believes that challenges are a part of an entrepreneurial journey. "I have treated failures as ladders to success. 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 interpret economy and foresight, etc are the essential qualities that an entrepreneur must be equipped with. If you have it in you, you can run as many ventures as you want,” believes Sharma. As experts say, once you learn the ropes of entrepreneurship, it's less daunting to start the second venture, as one is aware of what needs to be done to become a successful entrepreneur. Opportunities are just waiting to be explored and with experience, entrepreneurship is less daunting! ethighflier@indiatimes.com

IN THE PEOPLE I HIRE…
… I look for complimenting skills (find what is missing in myself and the core team), basic competence for the role, interpersonal ease and above all, an attitude or approach to win. The best people are all over; you have to train your eyes and guts to find them.

Ajay Shankar Sharma

LEADERSHIP PIPELINE IN AN ORGANISATION…
… is very important. The best talent can fail in leadership functions if not honed. So, identifying and mentoring should be an ongoing process. Yasmin Taj

>> Power of ideas
Ajay Shankar Sharma, chief executive officer, Srishti Software Pvt Ltd runs three ventures in three different sectors - Srishti Software Applications Private Limited, a software products company, SuperSeva Services Private Limited, a personal and corporate assistance company and Superseva Healthcare

I believe that every business/ product has a life cycle

BANK
_____

Exciting Opportunity in East Africa
-

Managing Director
UCO Bank Invites applications from Indian citizens for 50 posts of Specialist Management Executives in Middle Management Grade Scale- Ill (s . 2 7 0-8 0 5-2 7 0-90/2-31500 ) 50 0/ 90 R who should be MBA/Chartered Accountant for Bank’ s Treasury/Credit/International

Kenya

Ban king/Loan Syndication/Risk Management services.
Eligibility Criteria :

I) Age
_ _ _ _ _ _ _ _ _ _ _ _ _

Not below 22 years and not above 35 years as on 01.10.2010 (Relaxation in upper age limit for SC/ST/OBC/Physically challenged candidates will be as
per Government guidelines) Minimum Post Graduate Degree

Fina Bank is an East African commercial banking group with its headquarters in Nairobi and an asset base of over Ksh 22 billion . In order to enhance its rapidly growing operation , the Group wishes to recruit a Managing Director responsible for its Kenyan operation. 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 products and enhanced service delivery. S/he will be expected to deliver consistent and prudent profit growth through the focused achievement of agreed objectives.
The Managing Director will be an experienced banker with a minimum of 15 years banking

II) Educational

Qualifications

minimum 2 years full time duration. The Institute should be recognized I approved by Govt. of India, ie. approved by UGC or AICTE or Chartered Accountant. Preference will be given to those who are MBA with Engineering Degree or Chartered Accountant with Company Secretary. Candidates should have essentially minimum one year post qualification experience in a Public Sector Bank of working in areas of Treasury / /Credit I International Banking I Loan Syndication / Merchant Banking I Risk Management. /

I Diploma

in Business Administration of

experience (5 of which must have been at a senior management level) and a demonstrated track record in business development, operations , risk management and general management . S/he will be a visionary leader with excellent excellent and communication skills with a proven ability networking
to manage people

with diverse cultural backgrounds.

The ideal candidate should possess a relevant undergraduate degree in a business related field

and professional qualifications in banking, accounting or finance. Possession of an MBA or similar 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. This is a challenging and extremely exciting role for which Fina Bank will offer an attractive

Ill) Post Qualification Experience

IV) Participation of Existing officers of Bank fulfilling the eligibility criteria can apply. They will be existing officers allowed 5 years’ relaxation in upper age limit. Reservation of posts : SC-7, ST-3, OBC-13. Reservation for Physically 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. V) Reserved Categories
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remuneration package. If your career aspirations match this exciting opportunity, please send recent photograph and covering letter to mdopportunity(ã finabank.com Strict confidentiality will be maintained and only short-listed candidates will be contacted. The closing date for application is 31st October 2010 .
your CV,

FACTORY JOBS
6 lcikhs to 9 lakhs p.o.
Founded in 1959, H awkk ins Cookers Limited is a professionally managed, public limited company. In 2009-10, sales were ‘295 crores and net profit after tax was 37 crores. The Compound Annual Growth Rate over the last five years is 19% in sales and 74% in net profit after tax . Hawkins is the leader in the pressure cooker market for the last 35 years. Hawkins has three factories — — Thane near Mumbai, at Hoshiarpur in the Punjab and in UP near Allahabad. Hawkins is known for its fair policies and ethical pp ractices . Hawkins emphhsise s incentive a payments by results and selection and ppomotion ppr ely on merit. r u

MANUFA CTURING The job involves responsibility for in-house or out-house manufacture of components and/or assembly. It requires a mechanical engineering degree with a minimum of three years suitable experience.

& SUB-CONTRACT

and Postage

g

b) All others including OBC Rs.4001- (Application Fee Rs.3501- plus Rs.50/-

as postage charges)

PURCHA SE & STORES This may be a job with combined responsibility for both functions or for only one. It requires a commerce or engineering degree or a materials management quali cation with three years experience ri a similar job.
DESPATCH & EXCISE

Application Fee should be paid by DD/Pay Order favouring UCO BANK

SPECIALIST MANAGEMENT EXECUTIVE RECRUITMENT PROJECT-2010 payable at Kolkata .
_ _ _ _ _ _ _ _ _ _ _ _ _

Candidates fulfilling the stipulated eligibility criteria for the post should send one application

only. Advance copy of application should be sent by the candidate through our following email ID :- Hard copies of applications alongwith Application Fee by DDI Pay Order and all relevant copies of attested testimonials should be submitted through Speed Post/Registered Post only, latest by 6th November, 2010, in a sealed envelop superscribed “APPLICATION
FOR THE POST OF SPECIALIST MANAGEMENT EXECUTIVE IN UCO BANK” to :-

The General Manager (Personnel Services) 4th Floor , HRD Section , 3&4 DD Block , Sector 1, Salt Lake, Kolkata 700 0 4 6
-

Detailed Advertisement and format of application has been displayed in our Bank’s website at www.ucobank.com Candidates willing to apply for the above Post are requested to visit our website and see the details about eligibility criteria/educational qualification/age/reservation etc . before submitting their applications as per Bank’ s format in this connection . Candidates selected for the interview will be reimbursed AC-Ill Tier/Ist Class Railway Fare in shortest route from the places of address given in the application to the venue of interview. m
General Manager Personnel Services

Hawkins requires Managers or General Managers forrthese jobs at one or he oher of its tt tt tt hree

factories. T ot al rr mun e ration e including incentive payments (cost to Company) will be negotiated appropriately bbtween e 6 1akhs to fl 9 lakhs per year with each selected candidate.

The job involves facto ry-wide responsibility for PPC . It requires a mechanical engineering degree with specialization in PPC and a minimum of three years suitable experience . Fresh Il l graduates may also be considered. QUALITY CONTROL The jo b involves facto ry-wide responsibility for Quality Control. It requires a mechanica l engineering degree with specialization in Quality Control and a minimum of three years suitable experience. Fresh lIT graduates may also be considered. MAINTENANCE The job involves factory-wide responsibility for mechanica l and electrical maintenance. It requires a mechanica l and/or electrical engineering degree and at least three years of suitable experience .

PRODUCTION PLANNING & CONTROL

The job involves factory-wide responsibilit y for despatch and excise. It requires a commerce or law degree and a minimum of three years experience in a similar job.

FACTORY ACCOUNTS
The jo b involves responsibility for factory payments and accounts and costing. It requires a commerce degree with three years suitable experience or or Cost Accountant or a Chartered a Accountant .
FA CTO RY RY SO N N E L PER

The job involves responsibility for all functions of a Personnel Department in a fa ctory. It requires a post graduate degree with specialization in personnel and a minimum of three years suitable experience or an XLRI qualification. FACTORY SECURITY The job involves responsibilit for all aspects y of factory security and reports directly to the Factory Manager. It requires at least three years suitable experience. Recently retired military officers or released short service commission officers shall also be considered.

THE NEXT STEPS
AAp ly spec ifying the ob in which you are interested and the location you prefer. p 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.

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