Entrepreneur.pptx fo knowledge and information

Entrepreneur.pptx fo knowledge and information

1. TOP Entrepreneur B usiness J ourney Presented By: ARSAN-UL-HAQ

2. D ifference between Entrepreneurs and Businessman The significant difference between an entrepreneur and a businessman is that:   An E ntrepreneur comes up with a unique concept or idea. W hile a Businessman sets up a business as a new entrant in an existing market on industrial or commercial grounds.

3. Ritesh Agarwal As a teenager, Ritesh started selling SIM cards in a small Indian town.   He decided to move to the capital of India , Delhi . Ritesh found himself attending events and conferences where he met with successful business owners . Drop out of college and begin his entrepreneurial journey. He was only 17 . Through his love for traveling. He think how difficult it was for budget travelers in his country to find decent accommodation that met their basic needs .

4.   This made him launch his first large-scale business venture, called “Oravel Travels” in 2011 .   Using the portal, travelers could easily discover pocket-friendly bed and breakfast joints, private rooms, and serviced apartments all across India . Secure funding for around $40,000 from Venture Nursery through   India's first angel-backed ( give financial, material, or moral support ) startup accelerator . Ritesh believed in running his company not as a businessman but as a customer first.  he ended up staying at over 100 bed and breakfasts all over the country.

5. He realized  the real issue wasn’t just the discovery of affordable hotels in India, but rather the lack of service quality . The business model did not suit the Indian market; Ritesh was now left with only Rs30 in his bank account.  Instead of giving up, he worked on tweaking his original business model for Oravel Travels and submitted it to the Thiel Fellowship – a two-year program that enables  young college dropouts to receive a $100,000 grant for building their businesses . Selected for the grant.

6. In 2013, Oravel Travels was relaunched as OYO Rooms (On Your Own). { W hich sounds like something a teenager might make up } The new model helped participating small and independent hotel owners improve the quality of their services through major and minor upgrades .   Ritesh receive Business World Young Entrepreneur Award . OYO Rooms eventually expanded to become OYO Hotels & Homes,  a full-fledged hotel chain that includes more than 43,000 hotels across 80 countries . By 2020, 27-year-old Ritesh Agarwal’s net worth was estimated to be $1.1 billion , making him the second-youngest , self-made billionaire in the world.

7. OYO founder Ritesh Agarwal

8. What is the motto of OYO Rooms? #AurKyaChahiye OYO estimated revenue : $629 million in FY22 OYO expects its revenue in FY23 to be $ 751 million

9. THANK YOU