Entrepreneurship in a very broader sense is delineating as an ingenious and innovative response to the setting. It’s the propensity of mind to require calculated risks confidently to attain preset business targets. Entrepreneurship could be a continued perform instead of a once for all, or probably intermittent activity. The term ‘Entrepreneurship’ is usually used synonymously with the enterpriser. The enterprise is actually a magnet and therefore the functions performed by him show the method of entrepreneurship. Entrepreneurship could be a mission whereas the entrepreneur could be a missionary.
AIMS AND OBJECTIVES:
The aim of this project is to have an interview with an eminent businessman. The eminent businessman to interview is Ashwin Srivastava.
There are many objectives for this project. Major few objectives are given below.
- To understand the journey as an entrepreneur
- To know what it is like to be an entrepreneur at a young age
- To understand entrepreneurship
- To ascertain any doubts regarding entrepreneurship
- To understand the benefits and disadvantages of entrepreneurship
METHOD AND METHODOLOGY:
The method used to gather the required information on the project is an internet survey method. The Internet has extensive information on this subject. It has a vast collection of data on entrepreneurship and also on Ashwin Srivastava. The survey has unveiled information about this topic which has covered major few points which are listed below and explained in a detailed report of the project.
- Who is Ashwin Srivastava
- Interview of Mr. Ashwin Srivastava
DETAIL REPORT OF PROJECT:
Who is Ashwin Srivastava
Ashwin Srivastava is an entrepreneur who is an Indian venture capitalist who founded Idein ventures in 2015. Ashwin has completed his Bachelor of Technology and Master of Technology from IIT Bombay. He holds a degree in technology. In college, he spattered in theatre, took half in AI competitions, was a member of hostel council, and manager of The Entrepreneurship Cell, IIT Bombay. Ashwin spent his childhood in St. Xavier’s, Sahebganj and so did his 11th and 12th education from Old Delhi Public College, R. K. Puram.
Interview of Mr. Ashwin Srivastava
1) Hi Ashwin and welcome. You’re from India thus I even have to raise, what’s unaccustomed entrepreneurial India? most of the people accept India as an area to induce low-cost labor and source stuff.?
Ashwin: The new India has additional individuals taking risks, and even additional individuals willing to facilitate the method of taking risks. Entrepreneurial India is swarming with angel investors and venture capitalists, who have currently understood that India may also initiate. And India is innovating, like ne’er before! Labor continues to be low cost and that we still source, however, we tend to additionally savvy to utilize the ever-increasing economic process.
2) Did the crisis modification the business rules? What does one suppose, throughout the crisis corporations source additional or cut disbursal altogether, outsourcing included?
Ashwin: To some extent, it did. India saw an odd trend, totally different from what the United States showed. we tend to did see a variety of huge firms losing big bucks and businesses together with outsourcing showing loss, however, the amount additionally brought risky entrepreneurs within the business world who needed to profit from the negative times. variety of tiny businesses multiplied considerably throughout the crisis, and plenty of businesses focused on these SMEs additionally surfaced.
3) You recently started a brand new company, what’s it about?
Ashwin: Well, this question seems like a continuation of my previous answer. Because we have a tendency to conjointly started our company to utilize the actual fact that the Republic of India has quite 2.5 million SMEs and this range is growing at a really high rate. Our company Incept creates, sells, and services a distinctive workplace Automation product for SMEs (small and medium businesses).
4) So who precisely is your customer?
Ashwin: each little and medium-sized enterprise across India belongs to our current target cluster, and that we also are observing world growth. little retailers yet as business offices will get pleasure from the United States of America. we have a tendency to are beginning with Time Management Biometric Systems and can progress to several additional exciting products.
5) What is what makes your company special?
Ashwin: this can be a stimulating question, considering the actual fact that there area unit quite 600 corporations in an Asian country who offer workplace automation product. However, once you contemplate the actual fact that our product area unit created with solely SMEs in mind, we have a tendency to become somewhat special. boost this the actual fact that our product is novel and innovative, and that we become even additional special. However, the ultimate nail on the wall of specialty is that the manner we have a tendency to do our business: our business model is such we have a tendency to don’t involve distributors or resellers, however, sell and repair our product directly, victimization our own service partners.
6) Did you begin alone otherwise you have some partners?
Ashwin: I started with the assistance and support of an enterpriser who had seen the risks to return out clean, Hariom Sharma. And nowadays we’ve got a twelve member dedicated team.
7) What are the foremost troublesome things to beat once beginning a corporation in India?
Ashwin: although the solution might vary supported the arena to that a corporation belongs, the largest drawback long-faced by the U.S.A. and conjointly by varied different entrepreneurs, is that the legal tangle that forces you to require undesirable steps. for instance, the taxation system within the country is thus complicated and poorly managed, that little businesses still suffer vastly and also the worst effects are seen throughout commencing.
8) However, was your path from plan to obtaining the primary customer?
Ashwin: robust however exciting. we have a tendency to set to pitch the thought to a client who might are the last selection for our merchandise. However, once varied conferences, once he was convinced, we have a tendency to knew that we’d succeed. Thus we have a tendency to took the robust road, hoping to induce rewards if we have a tendency to are ready to cross it.
9) What regarding the future? New product lines? New customers?
Ashwin: Future plans embody growth into tier two and three cities of Republic of India. And talks of growth to different countries following similar economy as the Republic of India are on. Among new product lines, we have a tendency to be next arising with remote worker police investigation systems.
10) Any recommendation for youth not having the bravery to start out their own businesses?
Ashwin: As I conjointly mentioned in one among our company’s newsletters, attempt to run naked publically and that’s once you’ll be able to become an enterprise. you’ll be able to become an improved enterpriser at any age by taking masters of business administration categories.
ANALYSIS OF DATA:
Twenty 1st century is acknowledged because the new entrepreneurial era and entrepreneurship have become a celebrated word nowadays because of some huge corporations like Microsoft, Oracle, Apple etc. The founders of those corporations took the danger and created their corporations internationally illustriously. The success stories of those businessmen are exalting the younger generation, in order that they are showing a larger inclination towards business rather than service.
Even nowadays it’s believed that entrepreneurs are born and not created. However, there are pieces of evidence to indicate that it’s not true. Entrepreneurial skills are often generated through the active role of the network. However, we tend to cannot deny the actual fact that some communities are a lot of entrepreneurial than others. The rationale behind this could be the distinction between the social and cultural atmosphere and not the heredity. In such communities, there’s no social stigma one connected to business failures. For several others, entrepreneurship isn’t a good choice. In India, entrepreneurship is wanted primarily based instead of chance based. People that haven’t any different suggest that of resource enter for self-employment, and a few of them acquire entrepreneurial skills over an amount of your time. Throughout the history of entrepreneurship completely different students of various disciplines of social sciences tried to outline and create mentally the abstract plan of entrepreneurship.
To conclude my findings,
The entrepreneurship is employed in each sphere of life whether or not it’s family, business, government, group or enterprise. It plays a major role in four-dimensional development of the state. The govt. is making incentives to foster entrepreneurship which might contribute to social, economic, psychological, political and environmental development of the state.
Development of entrepreneurship has become a movement in India. It gained a heap of importance because of the widespread state of each educated and uneducated. Entrepreneurship development conception is predicated on the very fact that people may be developed and their concepts may be born-again into action through an organized and systematic programmed for the businessperson.
The discussion has revealed:
The ways in which are not any totally different from that of the other young start-up. however, there are quite a few unconventional ways that which you’ll apply. you need to have a product prepared before you approach investors. Once you’ve got the merchandise, it’s easier to urge angel funding than VC funding for a field start-up.
There are a few opinions and suggestions by family and friends whom I discussed my project findings with, they are given below:
- There should be proper funding for any startup for collegians from the college itself
- There should be seminars of eminent entrepreneurs held in colleges to inspire the youth.
My profound gratitude to all the faculty members of the Department, for their timely assistance and encouragement throughout my research work.
I duly acknowledge the encouragement and support from the research scholars in the department, and all my colleagues and friends.
It gives me immense pleasure to take the opportunity to all the people who are directly or indirectly involved in the completion of my project based on an interview of an eminent businessman.
With deep reverence, I offer my deepest gratitude _____, without whom this project could not have been fulfilled.
Lastly, I thank Almighty, my parents, family members, friends and teachers for their constant encouragement and support without which this project would not be possible.
Name of School/College
BIBLIOGRAPHY / REFERENCE: