Entrepreneurship development Phases

This slide lecture is available on youtube for reference
https://youtu.be/l3zQloxHSJQ

1. Entrepreneurship Development P hases Presented by Mr. Amos Gamaleal David Assistant Professor Department of Mechanical Engineering Panimalar Institute of Technology, Chennai 1

2. Entrepreneur The word “entrepreneur” is derived from the French word ‘ entreprendre ’, meaning, “to undertake” An individual who organizes and operates a business , taking on financial risk to do so. The term “entrepreneur” seems to have been introduced into economic theory by Cantillon (1755) 2

3. ENTREPRENEUR E: xamine needs, wants, and problems to see how they can improve the way needs and wants are met and problems overcome. N: arrow the possible opportunities to one specific “best” opportunity T: hink of innovative ideas and narrow them to the “best” opportunity R: esearch the opportunity and idea thoroughly E: nlist the best sources of advice and assistance that they can find 3

4. ENTREPRENEUR P:   lan their ventures and look for possible problems that m i ght arise. R :  ank the risks and the possible rewards . E:  valuate the risks and possible rewards and make their decision to act or not to act . N:  ever hang on to an idea, no matter how much they may love it, if research shows it won't work . E:  mploy the resources necessary for the venture to succeed . U:   nderstand that they will have to work long and hard to make their venture succeed . R:   ealize a sense of accomplishment from their successful ventures and learn from their failures to help them achieve success in the future. 4

5. Four aspects 5

6. Characteristics of an Entrepreneur 6

7. Types of Entrepreneurship 7

8. Types of Entrepreneurship 8

9. Types of Entrepreneurship 9

10. Types of Entrepreneurship 10

11. Process for Entrepreneurship 11

12. Identification of Opportunity Need for Textile by Dhirubhai Ambani 12

13. Having a Clear Vision "A vision without implementation is just a dream with closed eyes."  Martian Colony, Hyper Loop– Elon Musk 13

14. Coax others towards your vision Infosys Group of 7 members – Narayana Murthy 14

15. Resource Gathering Jio – Mukesh Ambani 15

16. Creating the Venture World`s Largest Solar Power Plant– Gautam Adani 16

17. Bringing Adaptability with Time Nokia`s Failure and now bouncing back 17

18. SWOT Analysis 18

19. Start Up 19

20. Start up 20

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23. Facebook acquisitions and Mergers – 88 companies WhatsApp ($19 billion) Oculus VR ($2 billion) Instagram ($1 billion) CRTL-labs (between $500 million and $1 billion) LiveRail ($500 million) Onavo (between $100 million and $200 million) tbh (less than $100 million) Redkix (less than $100 million) Parse ($85 million) Atlas Solutions (between $50 million and $100 million) 23

24. Funding and Schemes in India Atal Incubation Centre – Rs . 10 Crores over a period of Five years - http:// www.niti.gov.in NewGEN IEDC - Rs 25 lakh MSME Market Development Assistance The Women Entrepreneurship Platform ( WEP) Iccha Shakti: motivating women entrepreneurs to start their business  Gyaan Shakti: Provides knowledge and ecosystem Karma Shakti: Provides hands-on support to entrepreneurs to set up or scale business Self Employment Lending Schemes Credit Line 2 – Micro Financing Scheme - Only NGOs and Self-Help Groups Swarojgar Credit Card - Small artisans – 25000 Venture Capital Scheme for Agri-Business Development – 50 lakhs 24

25. Funding and Schemes in India Pradhan Mantri Mudra Yojana : The scheme is divided into three modules:  Shishu : covering loans upto Rs 50,000/- Kishor : covering loans above Rs 50,000/- and upto Rs 5 lakh Tarun : covering loans above Rs 5 lakh and upto Rs 10 lakh Sustainable Finance Scheme – Sustainable Energy 25

26. Funding and Schemes in India https://startuptalky.com/list-of-government-initiatives-for-startups/ 26

27. Crowd Funding Websites Kickstarter Indiegogo Patreon Crowdfunder ( Shopify App) GoFundMe Fundable Crowdcube Crowdfunder 27

28. Crowd Funding Products PEBBLE TIME SMARTWATCH Goal: $500,000 Amount Raised: $20,338,986 Time Required: 32 days (Feb. 24, 2015-March 27, 2015) Number of Funders: 78,471 Platform:  Kickstarter FLOW HIVE Goal: $70,000 Amount Raised (two campaigns): $14,927,624 Time Required ( Indiegogo ): 56 days (Feb. 23, 2015-April 19, 2015) Number of Funders (two campaigns): 40,457 Platform:  Indiegogo , Indiegogo InDemand 28

29. Crowd Funding Products COOLEST COOLER Goal: $50,000 Amount Raised: $13,285,226 Time Required: 53 days (July 8, 2014-Aug. 29, 2014) Number of Funders: 62,642 Platform:  Kickstarter Kingdom Death: Monster 1.5 Goal: $100,000 Amount Raised: $12,393,139 Time Required: 45 days (Nov. 24, 2016-Jan. 7, 2017) Number of Funders: 19,264 Platform:  Kickstarter 29

30. Crowd Funding Products BAUBAX TRAVEL JACKET Goal: $20,000 Amount Raised (two campaigns): $11,609,614 Time Required ( Kickstarter ): 59 days (July 7, 2015-Sept. 3, 2015) Number of Funders (two campaigns): 55,949 Platform:  Kickstarter , Indiegogo InDemand EXPLODING KITTENS Goal: $10,000 Amount Raised: $8,782,571 Time Required: 31 days (Jan. 20, 2015-Feb. 19, 2015) Number or Funders: 219,382 Platform:  Kickstarter 30

31. Crowd Funding Products OUYA Goal: $950,000 Amount Raised: $8,596,474 Time Required: 30 days (July 10, 2012-Aug. 8, 2012) Number of Funders: 63,416 Platform:  Kickstarter 31

32. Self Assessment Tool 32

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37. Thanks for your Patience and Support All the Best 37

38. Any Questions? 38