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Archive for June, 2011

Entrepreneurship Lessons

Posted by Sandeep Shelke on 26th June 2011

What is an enterprise? What is entrepreneurship?

It seems glamorous and rewarding but it is an serious commitment of resources before you even see a dime. We worked for a startup, iKnowledge Academy, for more than 2.5 years. Where we ended up in financial losses and following are the lessons which can be outlined from our journey. Hope those would be help you in your endeavor.

Entrepreneurship lessons from own experience:

Lesson 1: Market Survey and Need Analysis is must.

Dont ever take your customer for granted. Especially Bharatiy consumers very aware and demanding. You must be able to get your first paying customer at very early stage.

Lesson 2: Must have clear vision and mission.

Do not jump-start because you feel time is ripe with few months or years target. Have larger picture ready in your mind.

Lesson 3: Start small.

Means do not overspend on premises, infrastructure. Do not lease bigger space than needed rather don’t hire till you desperately need one. Adjust in available resources until your revenue surpasses expenses.

Lesson 4: Your focus must be inline to the vision. And your action should be inline to mission.

Don’t accept any business/work because it will ease your current financial pressure. Rather act according to your mission and vision which in turn will become the brand for your venture. Do not ever cheat on your mission.

Lesson 5: Divide your goal into shorter targets with deadlines of e.g. 1 month, 3 month timeline.

Having smaller incremental targets is always very helpful. Do not be over enthusiastic about figures because they are dreams. So concentrate on achievements in smaller targets while having larger aims.

Lesson 6: Know your strengths and weaknesses.

Always do a SWOT analysis. Don’t get stuck in the jugglery of internet while doing SWOT. Simply put across what needs to be done to run your business successfully and what you know/don’t know. What challenges are there and what may appear in future. This shall give you brief idea for action plan.

Lesson 7: Dont waste time in improving weakness rather get external help as soon as you realize.

Do not try to do all things by yourself. Entrepreneurship is all about getting things done with most efficient and effective way.

Lesson 8: No internal pressure.

Make sure there is no personal/family/relatives/friends pressure on you, else that would eat all your energy and leave you dried when you will need it most.

Lesson 9: Survival and sustenance comes first.

Consider having at least six month savings for your survival and sustenance which will help you concentrate on work than personal finances.

Lesson 10: Dont wait for someone to approach you.

Talk to as many people as possible when you are in confusion. But don’t follow everyone use your conscience.

We committed all possible mistakes and finally ended up losing a lot of revenue. The loss did hurt us due to this failure but we did not give up:

कर्मण्ये वाधिकारस्ते म फलेषु कदाचना,
म कर्म फलहेतुर भुर्मतेय संगोस्त्वाकर्मणि

[I can do my duty but I don’t have any control over the results. I’m not the cause of the results and I won’t be attached to inaction.]

We are more resolute to another journey now and that shall lead us to yet another milestone. This one was one such milestone where we realized this isn’t what we can do best.

Jai Bharat!

In Marathi व्यावसायिकतेचे धडे.

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Posted in उद्यम व्यवसायिकता, माझे विचार, संस्कृत | 5 Comments »

Chanakya Institute of Public Leadership

Posted by Sandeep Shelke on 26th June 2011

This post is to share an opportunity to learn ancient political and economics wisdom along with modern theories absolutely free. The experts in politics and economics will help learn it in traditional Guru-Shishya way.

**** CHANAKYA INSTITUTE OF PUBLIC LEADERSHIP ****

Who Runs this:

This program is hosted by Dept of Philosophy in University of Mumbai Vidyanagari, Kalina campus @Mumbai. The management team details.

Aim:

This is a training school for future leaders inspired by ancient Bharatiy wisdom. CIPL wants to institutionalize the ancient spiritual knowledge with emphasis on practical application in the society. Read more

Program Details:

6 month residential program

Program in 2 parts “Kautilya Arthashastra” and “Modern politics and management techniques”

Read more

Exceptional:

To uphold Guru-Shishya parampara no fees will be charged to Shishya.

Gurukul parampara would be used to deliver knowledge.

6 full-time and 25 visiting faculties for a batch of 45.

Read more

Who can apply:

Existing and Aspiring public leaders.

Members of political parties.

Students and researchers of governance.

Eligibility:

Graduate in any discipline with at least 50%.

Age group between 25-30 years.

No gender bias.

Selection procedure:

Written test,

Interview and

Discussions

******

This program looked very promising to me. I’ve applied and ask aspirants to apply too. Applications are still open.

Jai Bharat!

Related Post

A great first step to a career in politics

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Posted in इतिहास, भारत, माझे विचार, राजकारण | 2 Comments »

Quote of the Year

Posted by Sandeep Shelke on 24th June 2011

दर्द होता रहा छटपटाते रहे, आईने॒से सदा चोट खाते रहे,

वो वतन बेचकर मुस्कुराते रहे हम वतन के लिए॒ सिर कटाते रहे

-This I received as a forward from Rohit RHSS.

Jai Bharat!

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Posted in भारत, माझे विचार, राजकारण | 2 Comments »

MFH – Bigot artist bare naked now

Posted by Sandeep Shelke on 15th June 2011

I wont write anything here. Simply posting the screenshot of Indian Express interview of MF Husain by Shekhar Gupta.

Jai Bharat!

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Posted in इतिहास, भारत, माझे विचार, राजकारण, हिंदू | No Comments »

If you can live with Resources of Land then you can also understand Culture & Language

Posted by Sandeep Shelke on 14th June 2011

Excellent and very interesting step by Karnataka Govt.

Source : Banglore Mirror

If you are new to Bangalore and dreaming of settling down here, you will have to pass the Std VII exam in less than one year and prove that you can read and write Kannada.

The Kannada Development Authority (KDA) has recommended that the state government bring out a legislation to get non-Kannadigas in Karnataka to clear the basic Kannada examinations. The KDA, headed by MLC ‘Mukhyamantri’ Chandru, submitted its recommendations to the state government on Monday.

Chandru explained, “With several IT companies and MNCs coming to Karnataka, lakhs of non-Kannadigas have settled in the state. If they could live with the land, water, air and other resources of the land, they should also understand the culture, history and language of the land.

“Hence, we have recommended that learning Kannada be made mandatory. All non-Kannadigas who have been living in Karnataka have to learn Kannada and clear at least the Std VII Kannada exam in one year’s time.

“Besides, the government should arrange for online Kannada learning centres to reach out to the tech population among non-Kannadigas.”

The KDA has also recommended takeover of all palm scriptures currently possessed by various citizens and declare them as government property.

This apart, the KDA wants the state government to direct all telecom service providers in Karnataka to use Kannada software in mobile phones.

Chief minister B S Yeddyurappa said, “All the recommendations would further develop the language. The government will implement the recommendations on priority basis at the earliest.”

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Posted in World Affairs, राजकारण | No Comments »

Disaster in waiting

Posted by Sandeep Shelke on 13th June 2011

Andhra Pradesh farmers threaten to go on crop holiday.

“There is no MSP(minimum support price). Suicide is the only other option. We have nothing to invest,” said another farmer.

This is disaster in waiting. Wake up now for be ready to be slaves at the hands of food growing nations.

“When there is a market for international exports, I don’t understand why the Government is hesitating to let the poor farmers benefit?” said Indian Consortium of Farmers Secretary Chengal Reddy.

This clearly indicates the government (UPA especially Congress) apathy towards the agriculture.

Jai Bharat!

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Posted in शेती | No Comments »

 
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