Reflection Note

ETP EFB-501
ENTREPRENEUERSHIP THROUGH PRACTICE
ASSIGNMENT-10
Submitted to Professor Dr. Abrar Ali Saiyed
GROUP-3
NAME ROLL NUMBER
Amatulla Motorwala AU 1814017
Karan Trivedi AU 1814018
Akshta Ramrakhyani AU 1814034
Rashi Trivedi AU 1814038
Divyakumar Mehta AU 1814049
Sukrit Sen AU 1816004

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 General Refection
 With a very practical approach towards the subject we received a very real life experience
of how the market actually works. We got a first hand experience of all the pros and cons
that we generally face or might face in the future. Especially for people who want to take
up business in their future this class will be an amazing prerequisite. Business is not easy
but if dealt with in the best way taking all the other conditions into consideration, it is not
too difficult to succeed as well!
 We learnt to work with time as a major constraint and limited resources at our disposal.
 Putting together all the ideas and making a creative product out of it within the time
given.
 To decide a price that customers can easily afford.
 To analyse which customer will end up buying our product.
 To interact and negotiate with them regarding the price.
 To specify the purpose and utility of our product i.e. for gifting.
 Failures are the pillars to success hence we should take every step as a learning procedure
to move forward.
 Bringing solution to problem by creative idea.
 Every entrepreneur needs to work hard at initial stage.
 Support is very important to keep entrepreneur motivated.
 Knowledge about product and current market trend is necessary.
 Every entrepreneur must be clear about product he is delivering
 First of all, find out whether you are an entrepreneur or an investor.
 Put your heart, head, hand, home, soul into it.
 Entrepreneurship is all about Creativity, Experimentation, Reflection, Perception.
 The values, mindset, attitudes define you and your personality.
 You need to figure out what type of personality is yours:
Driver, Explorer, Crusader, Captain
 Converting your idea into product.
 Focus on innovation.
 Focus on getting opportunities, pursue them.
 Looking for resources, managing them.
 Having risk taking attitude.
 Find out what can be your differentiating factor.
 At times, you'd need a secondary source of revenue to promote your idea.
 It is important to find out answers to these three questions :
Who am I?, What I know?, Whom I know?
 It is important to learn from the past experiences and learnings to deal with the future
obstacles. Your future is the reflection of your past.

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  It is important to observe from the current scenario to keep up with the trend.

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