-: SCHOOL OF BUSINESS: -

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MODULE NAME: CREATING

ENTREPRENEURIAL MINDSET

PRESENTED BY: Manav Thakkar

PROGRAM NAME: BBA

BATCH: 2019-2022

:
PRESENTED TO Mr. Prashant Pareek
INTRODUCTION TO ENTREPRENEURSHIP

Entrepreneurship is the practice of forming a new business or

commercial enterprise, usually in an industry or sector of the
economy with a large capacity for growth. Entrepreneurship is
generally synonymous with resourcefulness, ingenuity, and the
ability to take calculated risks in order to introduce a new, untested
product or service into the marketplace. These traits are often
referred to collectively as the “entrepreneurial spirit.”

Entrepreneurship is driven by the entrepreneur, a person who

launches and oversees the operations of a new business venture. The
entrepreneur is generally self-employed, self-motivated, and
ambitious and is willing to take chances to meet his or her goals.
Unlike the capitalist, a businessperson who generally limits his or
her role to financing commercial ventures, the entrepreneur is the
driving force behind the formation of a new business and asserts a
great deal of control over the key management decisions. Many
entrepreneurs also assume responsibility for hiring and managing
employees. Successful entrepreneurs tend to be highly skilled at
organizing and motivating their employees.

In some cases the entrepreneur invents or develops a new product or

service, which then forms the core of his or her new business. In
other cases, however, the entrepreneur simply discovers a new way
to market and sell an existing product or service. The risks
undertaken by the entrepreneur are often considerable. Some
entrepreneurs invest everything they own into their new enterprise,
with no guarantee that the business will succeed. Other times a
successful businessman will risk his reputation on a new idea, the
failure of which could potentially jeopardize his entire career.
Because of the high level of risk involved in entrepreneurial
endeavors, the entrepreneur generally hopes to earn a high rate of
return in the venture.
According to many twentieth-century economists, entrepreneurship
is an indispensable aspect of capitalism. Capitalism is an economic
system characterized by free markets (situations in which goods and
services are bought and sold, with competition determining the
prices), private or corporate ownership of the means of producing
and distributing goods and services, and minimal government
regulation of business practices. In a capitalist economy prosperity is
driven by economic growth. Entrepreneurship helps promote such
growth by continually providing the economy with new ideas that
ultimately lead to more efficient and profitable business models.

 1] WHY THIS PARTICULAR BUSINESS ?

Mr.Bhavik Agarwal entered the education business because

in this era of recession , food and education are the two constantly
thriving industries . Which is true as these two industries are has
most number of successful startups .
Talking about Mr.Bhavik, his personal interest and strength are
possessed in EDUCATION SECTOR. Hence , he started his
business in this sector .

 2] INITIAL CHALLENGES FACED BY THE

ENTREPRENEUR IN STARTING THE
BUSINESS ?
In the initial phase it was difficult to inform the people about the
academy .
As in the service sector QUALITY plays an immense role and
also due to presence of a lot
of strong players it made it difficult for the venture to stand out .
But slowly and steadily through not only advertising but also with
WORD OF MOUTH the academy gained the centre stage in the
city of Surat.
 3] SWOT ANALYSIS OF THE ORGANISATION .

> STRENGTH - Quality education providers .

> WEAKNESS - None
> OPPORTUNITIES - Always grabbed the opportunity
and succeeded in getting first mover advantage .
> THREATS - Like every other organisations the threat
of rivals was faced by this organisation but by its
QUALITY TEACHING TECHNIQUES this organisation
successfully overcomes the threat.

 4] IF DIVERSIFIED IN OTHER AREAS , THEN

WHICH AREAS ARE THOSE ?

The organisation INDIAN ACADEMY does not have any future

plans to diversify in any other areas but rather to focus on the
education sector only and expand within it

 5] ANY CONTROVERSIES ASSOCIATED

WITH THE ENTREPRENEUR ?

- None.

 6] FUTURE PLANS (POST DEATH STATUS

OF THE ORGANISATION )?

- None.

 7] PEST ANALYSIS:
 - None.

 8] EXPLAIN IN DETAIL THE STARTUP

SCENARIO IN INDIA.

Current scenario on India with reference to startup has

been constantly changing and growing. Today creativity is
encouraged actively which is evident by the number of
GOVERNMENT INCENTIVES being provided to the budding
entrepreneurs like suspension of taxes , technical and
consultancy support , seed capital assistance schemes ,
priority in providing water and electricity connections etc.
Also there have been a lot of increasing numbers of
entrepreneurship and business plan competitions organized
by schools and colleges.
Most importantly FAILURE IS BEING SEEN AS STEPPING
STONE TO SUCCESS which shows how the mindset of
Indian society is changing towards startups.
Today 35% of startup founders are engineering and MBA
graduates with 14% rise in number of women entrepreneurs.
India is in third position just behind US and UK with 20,000
startups and 5200 plus technology led startups.
55% of the youth prefer to working in startups over
corporates .
Bangalore, Delhi & Mumbai still remain the prime cities to
operate a startup. The emerging cities include Hyderabad,
Pune , Chennai , Chandigarh , Jaipur etc.
According to the WORLD BANK’S BUSINESS REPORT,
India has made a galloping jump of 23 notches in the EASE
OF DOING BUSINESS RANKINGS and currently ranks at
77th position out of 190 countries.
Hence, the startup scenario in India has been improving and
growing rapidly.
 9] WHAT IS INCUBATION? DISCUSS
INCUBATION PROCESS AND TYPES OF
INCUBATION CENTRE.

A. MEANING :

- Incubation is a unique and highly flexible

combination of business development
processes, infrastructure and people, designed
to nurture and grow new and small businesses
by supporting them through the early stages of
development.

B. PROCESS:

1. Eligibility
2. Admission process
3. Intellectual property
4. Seed loan
5. Infrastructure
6. Common infrastructure
7. Other services
8. Periodic Assessment
9. Information submission
10. Consideration
11. Tenure of BI
12. Exit
13. Conflicts of interests and confidentiality of
information
14. Disclaimer
15. Agreements

C. TYPES OF INCUBATION CENTRES :

1. SIDBI innovation and incubation centre (for

SIDBI - Small industries development bank of
India )
2. Technology business incubator ( for DST -
Department of Science and Technology )
3. MSME incubator ( for MSME - Ministry of
Micro, Small and Medium Enterprises )
4. Technology incubation & Development of
entrepreneurs ( for MIT - )
5. BIO - Incubator ( for DBT - Direct Benefits
Transfers )
6. Mole Incubator

THANK YOU