When one hears the phrase “Startup Hub,” the mind’s eye most likely automatically conjures up images of locations like New York City, San Francisco/Silicon Valley, Boston. However, the Midwest region has been developing some real challenger cities to the “Startup Hub” throne. According to , …
You want a nice car. You want a nice house, and lots of money so you can do everything you want — I get it. But those things aren’t going to make you successful. It’s like Jim Carey said: “I think everybody should get rich …
Donations are used to fund a variety of organizations that are dedicated to helping minority entrepreneurs through tangible, meaningful programs and initiatives. Current grant recipients include Change Catalyst, a nonprofit that provides minority founders with mentorship, education, and funding opportunities. By encouraging a “Give First” …
My Dad never gives up, he never takes it lying down… he started his own blog at the age of 64, started a freelance writing career, alongside an NGO for empowering young people to pursue their dreams and succeed early on. Yeah, talk about drive. …
So you want to write a book. Maybe you’re looking for a new revenue stream. Maybe you have a that you think others should adopt to make their days more efficient. Maybe you’ve had a lot of interesting conversations online lately and want to summarize …
Market orientation (MO) and entrepreneurial orientation (EO) are separate yet important strategic orientations that can coexist and relate to the firm’s performance especially in the development of a new product (Frishmmar & Horte, 2007). Substantial studies show that firms with an entrepreneurial orientation (EO) are …
After receiving a Doctorate from the Harvard Business School, there has been no looking back for Anil K Gupta. Quoted as one of the world’s most influential living management thinkers, Anil is widely regarded as a leading expert on strategy, globalisation and entrepreneurship. In a …
1. Explain in detail what theories and concepts you learned in class are helpful to understand the case. The case discusses an entrepreneur named Sethu Sethunarayanan, who invented and marketed an innovative trap to help poor Irula people (an Indian tribe) catch rats more efficiently. …
Bootstrapping is not a new concept in the startup world, but it is surely the latest fad with more and more founders choosing to use their own funds. Entrepreneurs with bootstrapped companies have built a sustainable business enterprise relying purely on their own investment. Such …
To sum up entrepreneurship, it is a long period of low with one or few major moments of high. Now this might disappoint any budding entrepreneur given the time and dedication one spends on their venture. However, you need not worry! Ask any successful entrepreneur …
Today, Branson is the fourth richest man in the Unites Kingdom with his billions of wealth. The road to success for him is extraordinary due to his own characteristics which makes him so much different from other entrepreneur. Branson started his business in the music …
Entrepreneurs often spend most of their time managing their businesses online. But sooner or later you will be required to visit clients, attend conferences, and map out new markets in-person. The right travel card can either make travel into a necessary sacrifice or an effective …
How do you generally plan your trip? In all likelihood, you usually go to a travel agent to book tickets and prepare an itinerary for you. Am I right? Aurvind Lama, founder of Travelyaari also did the same when he was on a trip. He …
Two IIM-A grads shun Rs 1-cr offer AHMEDABAD: Declining pre-placement offers is nothing new for students of Indian Institute of Management-Ahmedabad, but declining the highest offers ever made in the institute has raised more than a few eyebrows. Two of the six second-year post-graduate programme …
At a young age of 29, the British native of Indian origin Ishveen Anand achieved a significant milestone in her professional career – her name was featured at second position in the Forbes annual list of ‘young game changers, movers and makers’ under the age …
Economics is a social study that studies how society allocates its limited resources to satisfy its unlimited needs and wants. We are a capitalist consumer driven society and so businesses or producers are choosing things that will maximize their profit. These things must have a …
One of the major grievances entrepreneurs in the UAE have long had about starting and scaling business in the country is with regard to the challenges associated with business failure here, with legal structures that initiate criminal proceedings against financial defaults. However, this could now change with the UAE …
Y Combinator is hailed as the most powerful startup accelerator globally and companies helmed by YC are a testament to the same. Some of the most successful stories such as Airbnb, Dropbox, Reddit and more have been honed by YC partners. A couple of Indian …
Smith Systems Consulting is IT services provider delivering business and office automation solutions country wide. We have expertise in project management, software application design, deployment and support. We also provide computing hardware and network installation services. To provide Baderman the most suitable word processing solution, …
After doing his graduation from the University of Pennsylvania, Piramal founded a rural healthcare start-up, ‘Piramal e-Swasthya’. To Piramal’s credit it became a case study at Harvard Business School. After that he went on to complete his MBA from Harvard. In 2012, Anand marked Piramal Group’s re-entry in real estate being its first …
If entrepreneurship is something new to you, then I strongly recommend . Being drawn to the wrong assumption that you are required to build a complicated behemoth is as easy as it is overwhelming. That $100K app — or even the website — is something …
Two days ago, something weird happened to me. I was mistaken for a millennial. It’s not the first time that someone has thought I was younger than my chronological age, despite my grey hair, paunch, and irascibility. But this time the person mistook me for a millennial because …
From the noted process of projecting cash flows, it is then obvious that the systematic approach in tracking the monetary engagements of a particular business organization is very important in scaling the SGR competencies of a particular business. It is suggested though this particular procedure …
The past decade has not only been a harbinger of improving lifestyle, comfort, and convenience for people, but it has also provided significant technological breakthroughs to companies, governments, social enterprises, and society in general. This decade continues to build technology to further expand horizons of …
Inrroduction Business growth is a good goal for most firms in general and is given great weight by the society. This could be seen with the list conjured up by the media, such as ‘Forbes Fast-Growing Companies’ and ‘Inc Fastest Growing Companies’ lists. The reason …
Delver Business communication plays a vital role in my day-to-day work activities as a hairstylist in someone else’s salon. For the most part, I use electronic communicating options like the smartened, multimedia messages, email, and instant messages. Communicating effectively with my clientele by keeping these …
A strong inclination continues to be present, especially among the professionals managing enterprise development to measure entrepreneurship through some techniques. These measurement efforts can vary from plain checklists going up to intricate and exhaustive computer programs. Defining entrepreneurship Achievements in business can be equivocal. You …
The National Association of Software and Services Companies (NASSCOM) came out with its annual report on the startup ecosystem this week, following which Entrepreneur India caught up with NASSCOM President Chandrashekhar Rentala to discuss some key metrics.Why aren’t there enough hardware startups today?Clearly as a …
In 2009, my husband and I were contemplating whether to launch another startup. We'd sold our first company to Intuit and taken a few years off to enjoy family and life. But, as entrepreneurs, we were restless with all the down time and eager to jump …
“What do you do for a living?”“I’m an entrepreneur.”The answer has a sexy ring to it. Plus, there’s a hint of mystery — as if you possess a quality others don't. You've shifted into an entirely different gear that sets you apart. Perhaps there’s a little ego …
Era
Large-scale entrepreneurs emerged in the second half of the 1800s—the Entrepreneurship Era. They built business empires, created enormous wealth, and raised the standard of living for the entire country. Yet success came with a price. Jobs became more specialized—increasing productivity while lowering costs and prices.
Steps
It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth. These phases are summarized in this table, and the Opportunity Evaluation and Planning steps are expanded in greater detail below.
Strategy
Entrepreneurial strategy is the means through which an organization establishes and re- establishes its fundamental set of relationships with its environment. It is strategy characterized by widespread and more-or-less simultaneous change in the pattern of decisions taken by an organization.
Experience
In essence, entrepreneurship is an experience consisting of large numbers of key events such as a first sale, hiring a first employee, losing a big account – events that are processed and made sense of by the entrepreneur.
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