successful enterpreneur

8/6/2019 Successful Enterpreneur

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BECOMING A

SUCCESSFUL

ENTREPRENEUR


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Who is an Entrepreneur?

A person who organizes, operates, andassumes the risk for a business venture.

An entrepreneuris a person who has

possession of a new enterprise, venture or ideaand assumes significant accountability for theinherent risks and the outcome

Entrepreneur is one who starts the businessfrom scratch i.e. initiating the plan , materializingand implementing .

An Entrepreneur is a person who organizes andmanages a business undertaking, assuming therisk for the sake of profit. Any person who startsand operates a business is an entrepreneur.


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BECOMING A SUCCESSFUL

ENTREPRENEURBecoming an entrepreneur is not an easy task!There are certain qualities that are absolutelynecessary if one would like to become successfulin his/her business ventures.


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QUALITIES OF A SUCESSFUL

ENTREPRENEUR

Leadership/ Ability to lead

Self Confidence and Optimism

Competitiveness

Being Highly Energetic

Specialized Knowledge of your field Determination & Focus

Ability to get things done

Creative And Innovative

Self reliance ( taking responsibility)

Highly Competitive

Do Not Hesitate To Take Risks

Patience

Being Organized (ability to meet deadlines)


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Th

ree Aspectso

f Entrepreneursh

ip

1. The identification/recognition of marketopportunity and the generation of a

business idea (product or service) toaddress the opportunity


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Th

ree Aspectso

f Entrepreneursh

ip

2. To gather resources in the face of risk topursue the opportunity


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Th

ree Aspectso

f Entrepreneursh

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3. The creation of an operating businessorganization to implement the opportunity-

motivated business idea


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Entrepreneursh

ip

Some advantages

You are your own boss Enjoy the profits from you efforts

Sense of pride in your business

Flexibility in your work schedule


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Entrepreneursh

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Some disadvantages Will need to put in long hours

Need money to start

Have to keep up with government rules andregulations

May have to mark hard decisions (hiring, firing,etc.)

May lose money


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SOME SUCCESSFUL INDIAN

ENTREPRENEURS


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DHIRUBHAI AMBANI Built India's largest private sector company.

Reliance is the first Indian company to feature inForbes 500 list Over time his business has diversified into a corespecialisation in petrochemicals with additionalinterests in telecommunications, informationtechnology, energy, power, retail, textiles, infrastructure

services, capital markets, and logistics.

Dhirubhai Ambani is credited with shaping India'sequity culture, attracting millions of retail investors in amarket till then dominated by financial institutions.

Dhirubhai Ambani was named the IndianEntrepreneur of the 20th Century by the Federation ofIndian Chambers of Commerce and Industry (FICCI). Apoll conducted by The Times of India in 2000 voted him"greatest creator of wealth in the century".


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MUKESH AMBANI

Born:April 19, 1957

Chairman and Managing Director of Reliance Industries

Limited, India's largest private sector company Chosen as ET Business Leader of the Year2006; Ranked42nd among the World's Most Respected Business Leadersand second among the four Indian CEOs featured in a surveyconducted by PricewaterhouseCoopers and published inFinancial Times, London, November2004.

Mukesh Ambani did his Bachelors in Chemical Engineeringfrom University ofBombay and Masters in Business

Administration from Stanford University, USA.

Mukesh Ambani joined Reliance in 1981 and was the brainbehind Reliance's backward integration from textiles intopolyester fibres and further into petrochemicals. He was alsothe incharge of Dhirubhai's dream project Reliance Infocomm.But after the split in the Reliance Empire, Reliance Infocommwent to his brother Anil Ambani


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ANIL AMBANI

Born: June 4, 1959

Chairman of Anil Dhirubhai Ambani Group

Earlier, before the split in the Reliance Group, Anil Ambaniheld the post of Vice Chairman and Managing Director inReliance Industries Limited (RIL).

After the split in Reliance Group, Anil Ambani founded AnilDhirubhai Ambani Group. He is the Chairman of all listedGroup companies, which include: Reliance

Communications, Reliance Capital, Reliance Energy andReliance Natural Resources Limited.

Chosen as the 'CEO of the Year2004' in the Platts GlobalEnergy Awards and MTV Youth Icon of the Year' in September2003, 'The Entrepreneur of the Decade Award' by the BombayManagement Association, and 'Businessman of the Year

Award' by leading Business Magazine, Business India in1997.


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JRD TATA

Born: July 29, 1904 in ParisDied: on November29,

1993

In 1938, at the age of34, JRD was elected Chairman of Tata & Sons

making him the head of the largest industrial group in India.

Was Chairman of Tata & Sons for 50 years

Had the honor of being India's first pilot

Launched Air India International as India's first international airline

Received Bharat Ratna in 1992.

He started with 14 enterprises under his leadership and half acentury later on July 26, 1988, when he left ,Tata & Sons was aconglomerate of95 enterprises which they either started or in whichthey had controlling interest.


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RATAN TATA

Born: December28, 193

Ratan Tata is presently the Chairman of Tata Sons, the holdingcompany of the Tata Group. Ratan Naval Tata is also the Chairman ofthe major Tata companies such as Tata Steel, Tata Motors, TataPower, Tata Consultancy Services, Tata Tea, Tata Chemicals,

Indian Hotels and Tata Teleservices.

Honored with Padma Bhushan, one of the highest civilian awards in2000.

In 1991, Ratan Tata took over the Chairmanship from JRD Tata.


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ADI GODREJ Chairman of Godrej Group

Adi Godrej was born in a business family. His father's namewas Burjorji Godrej and his mother's name was Jai Godrej.More than a century age, the Godrej's were intomanufacturing locks and vegetable-based soaps.

After the liberalization process, Adi Godrej restructuredcompany's policies to meet the challenges of globalisation.

Under Adi Godrej's leadership, the group is also involved inphilanthropic activities. Godrej is major supporter of the WorldWildlife Fund in India, it has developed a green businesscampus in the Vikhroli township of Mumbai, which includes a

150-acre mangrove forest and a school for the children ofcompany employees.


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NARAYANA MURTHY

Born:August 20, 1946

One of the founders of Infosys Technologies Limited

Narayan Murthy began his career with Patni ComputerSystems inPune. In 1981, Narayana Murthy founded Infosys with six othersoftware professionals. In 1987, Infosys opened its firstinternational office in U.S.A.

Narayana Murthy is the Non-Executive Chairman and ChiefMentor of Infosys Technologies Limited. He is a living legend andan epitome of the fact that honesty, transparency, and moralintegrity are not at variance with business acumen. He set newstandards in corporate governance and morality when he steppeddown as the Executive Chairman of Infosys at the age of 60.

Asiaweek magazine featured him in a list of Asia's 50 MostPowerful People. In 2001, Narayana Murthy was named byTIME/CNN as one of the 25 most influential global executives. Hewas the first recipient of the Indo-French Forum Medal (2003) and

was voted the World Entrepreneur of the Year - 2003 by Ernst andYoung. The Economist ranked Narayana Murthy eighth on the listof the 15 most admired global leaders (2005) and Narayan Murthyalso topped the Economic Times Corporate Dossier list of India'smost powerful CEOs for two consecutive years - 2004 and 2005.


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KUMAR MANGALAM BIRLA

Born: June 14, 1967

Chairman of the Aditya Birla Group

The group is India's third largest business house. Majorcompanies of Aditya Birla Group in India are Grasim, Hindalco,UltraTech Cement, Aditya Birla Nuvo and Idea Cellular.

Aditya Birla Group's joint ventures include Birla Sun Life(Financial Services) and Birla NGK (Insulators).

He is a Chartered Accountant and did his MBA (Masters inBusiness Administration) from the London Business School,London. Kumar Mangalam Birla took over as Chairman in 1995,at the age of28, after sudden demise of his father, notedindustrialist Aditya Birla, after whom the group is named.

Kumar Mangalam Birla has won several honors. Major amongthem include The Business Leader of the Year (2003) by TheEconomic Times, Business Man of the Year - 2003 by BusinessIndia, and The Ernst & Young Entrepreneur of the Year - India in2005.


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LAKSHMI MITTAL

Born in a remote village, he got his start when his family movedto Calcutta and opened a small steel mill. He has a personalstake of87.4 percent in the $22 billion (2004 sales) MittalSteel. He recently bought Ukraine's largest steelmaker in a

televised auction. His company now accounts for morethan10% of the worlds steel production.


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KIRAN MAZUMDAR SHAW

Born: March 23, 1953

Chairman & Managing Director ofBiocon Ltd, India's biggestbiotechnology company. In 2004, she became India's richestwoman.

In 1978, she joined as Trainee Manager with BioconBiochemicals Limited in Ireland. In the same year, Kiran

MazumdarShaw founded Biocon India in collaboration withBiocon Biochemicals Limited, with a capital of Rs.10,000. Sheinitially faced many problems regarding funds for her business.Banks were hesitant to give loan to her as biotechnology was atotally new field at that point of time and she was a womanentrepreneur, which was a rare phenomenon.

Kiran MazumdarS

haw is the recipient of several prestigiousawards. These include ET Businesswoman of the Year, BestWoman Entrepreneur, Model Employer, Ernst & Young'sEntrepreneur of the Year Award for Life Sciences & Healthcare,Leading Exporter, Outstanding Citizen, Technology Pioneer, etc.Government of India also felicitated her with Padmashri (1989)and Padma Bhushan (2005).


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SHIV NADAR Shiv Nadar is the Chief Executive Officer of Hindustan ComputersLimited (HCL), India's largest infotech conglomerate

He figures in the Forbes list of Indian billionaires

In 1982, HCL came out with its first computer. Today, HCL derives

80% of its revenue from computers and office equipment.


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SUBROTO ROY Chairman of the Sahara Group.

Subroto Roy began his journey in 1978, when hefounded Sahara in 1978 with three workers in the northernstate of Uttar Pradesh as a small deposits para-bankingbusiness. Today, the group has diversified into a giantbusiness conglomerate with interests in housing,entertainment, media and aviation.

Sahara Group presently runs a private airline,entertainment and news television channels, a newspaper,and claims to own some 33,000 acres of real estate acrossIndia. It also sponsors the Indian cricket and hockey teamsand intends to move into life insurance, housing finance,

consumer products, sportswear, and healthcare.

Sahara Group has a huge complex in Lucknow, UttarPradesh. The complex is known as Sahara City.


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SUNIL MITTAL Chairman and Managing Director ofBharti Group, India's largestGSM-based mobile phone service provider

After graduating from Punjab University in 1970s, he set up a smallbicycle business in Ludhiana in partnership with his friend. By 1979,Sunil Mittal realized that his ambitions could not be fulfilled inLudhiana, so he moved out to Mumbai from Ludhiana.

In 1982, Sunil Mittal started a full-fledged business selling portablegenerators imported from Japan.

In 1986, Sunil Bharti Mittal incorporated Bharti Telecom Limited(BTL) and entered into a technical tie up with Siemens AG ofGermany for manufacture of electronic push button phones.Gradually he expanded his business and by early 1990s, SunilMittal was making fax machines, cordless phones and othertelecom gear.

In 1995, Sunil Mittal founded Bharti Cellular Limited (BCL) to offer

cellular services under the brand name AirTel

Sunil Bharti Mittal was chosen as one of the top entrepreneurs inthe world for the year2000 and amongst 'Stars Of Asia', by'Business Week'. He also received IT Man of the Year Award 2002from Dataquest and CEO Of the Year, 2002 Award (World HRDCongress).


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VIJAY MALLYA

Chairman of the United Beverages (UB) Group; Launched a newdomestic airline called Kingfisher Airline, Rajya Sabha M.P.

The UB Group has diversified business interests ranging from alcoholicbeverages to life sciences, engineering, agriculture, chemicals,

information technology and leisure.


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NARESH GOYAL

Founder Chairman ofJet Airways, , India's largest domestic airline

Jet Airways presently operates over320 flights daily to 48destinations, of which five are international.

Naresh Goel also figures in Forbes list of Indian billionaires.


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RAHUL BAJAJ

Rahul Bajaj is the Chairman of the Bajaj Group, whichranks among the top 10 business houses in India.

The Bajaj Group has diversified interests ranging fromautomobiles, home appliances, lighting, iron and steel,

insurance, travel and finance.


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SHOBHANA BHARTIA

Born - 1957

Daughter of renowned industrialist KK Birla,Shobhana Bhartia is the vice-chairperson aswell as the editorial director of the HindustanTimes group, which is among India's majornewspaper and media houses.

Shobhana Bhartia was also handed the GlobalLeader of Tomorrow award by the WorldEconomic Forum in the year1996. Then againin the year2001, she received the OutstandingBusiness Woman of the Year award. The

National Press India Award was given toShobhana in the year1992.

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