Report

on
Entrepreneurship Development Programme (EDP)
NAME: ANCHAL GUPTA
BBA(B)-2018-21

Why I chose this programme for my internship?

I always wanted to open my own business and be an entrepreneur, so thatswhy, I chose
Entrepreneurship Development Programme (EDP) for my internship as this programme
would help me to know more about how entrepreneur works. This programme would also
help me to know more about the world of entrepreneur and it surely did. It taught me
about different aspects of being an entrepreneur. There were many sessions which included
topics such as :- how one becomes an entrepreneur, what difficulties they face, how
government support them, how banks play an important role in their business, how they
manage their finance, accounts, personnel and many more aspects of business were
discussed.

TOPICS DISCUSSED AND THEIR LEARNINGS:-

On the very first day, we had a session on ‘Introduction to CED and Programme’ in which we
were given insight of how this programme works and what are its main objectives. This
programme was basically started to develop to create entrepreneurial culture in academic
institutions to foster growth of innovation and entrepreneurship skills among students. The
programme was started to inspire and motivate students not just to think but also to act on
their dreams and how to act was taught in this programme. This programme was also
started in colleges because at this level only students decide what they are going to opt for
their career so this programme was like an opportunity for us to know more about the
world of entrepreneurs and how government supports them.
Then, we had a session on ‘What is Entrepreneurship’ by ‘Dr. D V Bhatt’ from whom I learn’t
what all skill sets and capabilities I need to possess to be an entrepreneur. I even, learnt that
just having an idea doesn’t make you an entrepreneur there are so many other aspects also
which you have to work upon to be a successful entrepreneur. I also, got to know that
entrepreneur is not just a single person but it’s a whole entity which has to act upon every
activity. The major learning I got from this session was that building a product or a service
isn’t even the hardest part. But, making it work, getting people to just like the product and
competing with other competitors at the same time is the hardest.
Then, we had a session on ‘Important Aspects of Business Selection’ by ‘Dr. CV Ramana’ who
had a very practical approach in his session. He made us do certain activities individually as
well as in groups. The activities were very interesting and engaging in which we have to
come up with certain new ideas of innovation of a product or a service. I really enjoyed in
his session as, I got so many new ideas which I think I can work upon it and convert it into a
product in near future. He even gave us some insights related to how can we innovate the
existing product or service and bring that into the market. I even learn’t that every unique
idea cannot be convert into product as there are so many parameters which we have to
take into consideration before converting the idea. We have to think logically, strategically
and effectively every aspect of the environment which can influence the market share of the
product.
Then, we had a session on ‘role of bank’ by ‘Mr. Rashik Jethwa’ from Bank of Baroda. This
session taught me how banks help the new entrepreneur with financial assistance. It even
taught me how banks play an important role in setting up a business. I even got aware of so
many types of schemes which banks had, to support the new entrepreneurs in their
business. I got to know how commercial and specialized banks play an important role in the
growth and development of entrepreneurship. Apart from providing financial assistance,
banks also give valuable inputs to support and promote the firms. The information
presented by the lecturer was so informative and filtered that we don’t have to now go
through all the schemes provided by banks, if in near future I will start my own business. I
also got to learn how entrepreneurs who are at the initial stage of issuing funds with no
collateral or no financial background can also apply for loans which are supported by various
schemes of banks.
Then, we had a session on ‘experience sharing of an entrepreneur’ by ‘Mr. Hardik Desai,
CEO, Melzo’, who told us about his enterprise and what all difficulties their team faced while
launching the product. His session was very motivating and inspiring. He not only talked
about positive things they faced but also mentioned all their failures too. He told how
people were refusing to invest in their product and after some point of time even their half
of the team backed out. Still, they went with their product and now are successfully
establishing their firm. They are even doubling their profits every year. It taught me to face
the problems with utmost strength and have confidence in yourself. I even learn’t that the
people who are supporting you initially can also back out in the middle, so having faith in
yourself is what you need at that time. I also got aware about the fact that we should have
numerous other plans which we can take at the time of risk or when the other plan didn’t
work out as it should be. His session was like a reality check of how entrepreneurs function.
Then, we had a session on ‘Role of DIC’ by ‘Ms. Roya Motwani ,Head of DIC, Surat who
explained us about the functions and objectives of DIC (District Industries Centers). From
this session, I learn’t that this centers provide full support and assistance to the new
entrepreneurs who are going to start their own businesses. This center was basically started
by government to support small scale businesses that are unable to compete with large
scale businesses. They even help in promotion of small scale industries in rural areas. The
lecturer also informed us about various schemes introduced by this centers for the sake of
development and growth of small businesses have introduced various schemes. The lecturer
also mentioned about various businesses who have registered in this centers and how this
centers helped them in their businesses. Overall, this session was very informative and
helpful for me.
Then, we had a session on ‘Achievement Motivation Training’ by ‘Ms. Asha Dave’ who
explained us how achievement motivation is an essential part of any business. She helped us
in conceptualizing what achievement motivation really meant. She made us do certain
activities. Firstly, we filled a form which helped me in introspecting myself and got to know
certain skills of mine which I wasn’t aware of. Then, she made us do creative activity in
which we had to make boats and we had to only decide the price, quantity everything of the
product. We even calculated breakeven point, losses and profits for the same. It was very
knowledgeable and fun session at the same time. It helped me to know more about myself
and also about the things on which I should work upon.
Then we had session on ‘Marketing Report’ by ‘Ms. Mayanka Chhonker’ in which we had to
make groups and launch our new product in the market. We had to make a questionnaire,
and to a public survey before launching the product or service. It was a really fun session in
which I learnt how other people also think about the market. We discussed so many ideas
during this session. Everyone gave such a unique idea and then we discussed on each idea’s
pros and cons. Only, then we chose the best idea and made the questionnaire. It really
helped me to think out of the box and many creative ideas came in my mind. I also learn’t
how market survey is so much important before launching of any product or service. A
proper questionnaire can help the company to get all relevant information about what
people need and what not. Then our questionnaire was examined by seniors and they cross
questioned us about the same. I got to learn how people can look the same product so
differently and have so much contrasting perspective.
Then, we had a session on ‘Marketing Management and Accounting Management’ by ‘Dr.
Pritesh Shukla’ which was the one of the best session. He showed us so many advertising
videos, which were so amazing and helpful. I learnt that, nowadays, marketing can break or
make the products. He even showed some award winning advertisements which we
couldn’t understand while watching for the first time. Afterwards, he explained us the real
meaning of it. The session was very interactive as well as knowledgeable at the same time. I
got a totally new perspective about the world of marketing. I also learnt that how social
media acts like a game changer for marketing. I also learnt the difference between the
techniques of new and old marketing. Modern marketing has evolved a lot and now
companies had to spend a huge amount of the products or services.
Then, we had session on ‘Finance Management’ by ‘Dr. Dhaarna singh rathore’ which taught
us about important aspects of how finances should be handled. I learnt that finance is like a
lifeblood for any business. We need to maintain adequate amount of finance for the smooth
functioning of business. The effective management of finance is very important for business
to meet it’s goals. We even can’t neglect the importance of finance at any time and at any
situation. She told us how one can acquire funds from investors and how to issue shares. I
also learnt that investors and shareholders are the most important people in the business
after customers. I also learnt that proper use and allocation of funds can lead to improve the
operational efficiency and profitability of any business. When the finance manager uses the
funds properly, they can reduce the cost of capital and can even increase the value of
business. So, finance management is one of the most important aspect for any business.
Then, we had a session on ‘General Management’ by ‘Dr. Kshama Sharma’ who gave us a
case study to analyze which was very informative. She taught us various aspects of human
resource management in the organization. She taught us how a person sees geographical
location, culture in the organization, colleagues, peers, family and various other factors
before joining the organization. Before that, I used to thought that how much salary you are
getting is the only factor an employer sees. It was a really interactive session and
enlightening session. I also learn’t that the better a company treats its employees, the better
efficiency it will gets from them. To increase the productivity of employees organization can
take various steps to do it whether awarding them with bonuses or giving awards or
providing work freedom. All theses things now matter more to the employees along with
their salaries.
Then, we had a session on ‘Personal Management’ by ‘Dr. Rajbir Saini, Vice President-HR,
Reliance Industries’, who gave us a very valuable and interesting lecture. He told us to first
know more about yourself before choosing any business or job. Try to introspect about
yourself, know your strengths, weaknesses and many other things which can influence your
decision of choosing your career. All and all his session was very inspiring as he even shared
many stories of himself too. He even talked about his businessman friends what type of
difficulties they face while doing business and what precautions they take. He was himself a
very experienced person who shared his view points and perspective about new
entrepreneurs. He talked about what skills they lack and how can on improve it. It was too a
very informative, interactive and knowledgeable session for us.
Then, we had session ‘Ethics and Value of Gandhian Philosphy in entrepreneurship’ by ‘Dr.
Dilip Shah’, who talked about certain ethics and values of Gandhiji and how one can
inculcate them in their business. He made us aware of certain principles of Gandhiji and
what were the objectives of them. He talked about values such as non-violence, trust, unity
and many more which Gandhiji used to believe and practiced. He even taught us how this
values can help in economic development and growth. He shared his own views and gave
his own perspective why one should follow these values. If someone follows these principles
and values in their own business it can help in improving the relationship among employees
which would increase their efficiency and which would directly affect the profitability of the
business. He even gave us the book written by him in which he has mentioned all the
philosophies of Gandhiji and even explained them. This shows how a true follower he is of
Mahatma Gandhi.
Then at the last day we went to visit ‘Adani Port’ which was a truly an amazing experience. I
learnt so much about it which I previously didn’t know. The port is India’s largest private
multi-port. They handle all types of cargo including bulk, break bulk, containers, automative,
crude, petroleum products, edible oil and many other. It has multi-model connectivity to the
north western and central parts of India. It even provide convenient international trade
gateway to Europe, Africa, America, and the Middle East. We even went to the controller‘s
room from where they control all the ships which are coming and going. They even showed
the offices and even showed how they store their chemicals. They even talked about the
precautions they have to take for storing them. The one thing I liked the most was even that
port was extended in such a large area, there was cleanliness at every corner. It was a great
and so informative experience to visit the port and know so much about their management.
Lastly, I just want to conclude that this whole programme taught me a lot and I wanted to
thank all the faculties who came and shared their experience and knowledge with us and
especially, to Mr. Sandeep Sharma who managed this whole programme in such a organized
manner. It was really a great experience. In just a month, I have learn’t so much which is so
important to me and which will surely going to help me in near future, if I will open my own
business or even if I do a job at any place. This programme changed my whole perspective
of how entrepreneurs function and being an entrepreneur is not just having a great idea.
There so many things which we have to take into consideration before converting the idea
into a successful product or service. So, I am grateful to every faculty who came and gave us
such a valuable sessions.