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ENTREPRENUERSHIP IN ENGINEERING WORLD

A CURTAINRAISER FOR FUTURE ENGINEER
ENTREPRENUERS

•

Ramakrishna Mission Shilpmandira
,Belur, WestBengal

14-Oct-13

Dream > Believe > Pursue
AICH

INDRANIL

1
MODULES OF THE PRESENTATION
•

Module 1 - Entreprenuership defined ,triggering
events ,classification , characteristics and traits,stages
in a company

•

Intraprenuership

•

Module2- Social entreprenuerhip

•

Module 3 - Enteprenuership for engineers,Avenues of
entreprenuership ,Importance of enteprenuership
Rewards

DREAM>BELIEVE>PURSUE

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2
ENTREPRENUERSHIP IN
VERNACULAR
Entreprenuership in Hindi उ योग
उप म (pr. udyog upakram)[Noun]

DREAM>BELIEVE>PURSUE

10/14/2013

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ENTREPRENUERSHIP
•

Entrepreneurship is like raising children; it starts with a
moment of enthusiasm, followed by decades of hard
work” -Howard Stevenson

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ENTREPRENUER- DEFINED
Entrepreneur Webster’s – someone who runs a business his or her own
financial risk
An entrepreneur is a person who undertakes the creation of an enterprise or
business that has the chance of profit (or success).
Some qualities of an entrepreneur
-Partnerships
-Robust network
-Realistic view
-Passion!
-Clear strategy
-Technology
-Ethical Behavior
-Flexibility
DREAM>BELIEVE>PURSUE

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ENTREPRENEURSHIP –TRIGGERING
EVENTS
Career Change
Downsizing
M&A
Relocation
Semiretired / retired
Passion for an Idea
Environment
Deregulation / regulation
Disruptive Events

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MY TRIGGERS

Atmano mokshartham jagad hitaya cha,
"For one's own salvation, and for the
welfare of the world".

JOY OF GIVING !

DREAM>BELIEVE>PURSUE

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MY TRIGGERS
BYOB - BE YOUR OWN BOSS !
EMPLOYMENT GENERATION !
CHALLENGES –PERSONAL ,PROFESSIONAL ,SOCIETAL
TO BE REMEMBERED AS A FOUNDER OF AN INSTITUTION
ENTREPRENUER GENERATION
LEARNING LIFE, LIFE LONG LEARNING !

BECTEL MODEL

-PUBLICATION ON

THE WAY!
DREAM>BELIEVE>PURSUE

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ENTREPRENEURSHIP

Business is not a dirty word!

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WHAT SOLUTIONS DO WE HAVE TODAY IN INDIA ?
•

Government jobs – minimal ,reservations!

•

Private sector – Economy driven, Revenue driven ,Recession driven

•

Academic profession – Water , water every where not a drop to drink!

•

Political will to create jobs – Policy paralysis!

•

Skill development- Negligible !

•

Only 9% of Chartered accountants passouts were placed this year!

ENTREPRENUERSHIP IS THE
ANSWER !

DREAM>BELIEVE>PURSUE

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10
MY INFERENCES
•

Know more be more !

•

Knowledge is power !

•

Net work!

•

Go kiss the world !

DREAM>BELIEVE>PURSUE

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CLASSIFICATION OF ENTREPRENEURS
Innovative Entrepreneur - He is the one who introduces a
new product or a new method of production or opens a new
market or explore new source of supply of raw material or carry
out a new type of
organization.- STEVE JOBS
Initiative / Adoptive Entrepreneur – are those who
initiate the successful entrepreneur in technique innovated by
others. – NIRMA
Drone Entrepreneur – are those who will never allow any
change in their production or style of functioning-.HINDUSTAN
MOTORS

DREAM>BELIEVE>PURSUE

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CLASSIFICATION OF ENTREPRENEURS
FABIAN Entrepreneur - are always on caution. They neither introduce nor
changes nor adopt new methods invented by others. They are lazy and
follow old customs, old method of production – Typewriter industry
,pagers .
Another classification
1) Natural Entrepreneur
2) Motivated Entreprenuer
3) Created Entrepreneur
4) Forced Entrepreneur

DREAM>BELIEVE>PURSUE

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ENTEPRENUERSHIP
CHARACTERISTICS AND TRAITS
•

Ability to deal with a series of tough issues

•

Ability to create solutions and work to perfect them

•

Can handle many tasks simultaneously

•

Resiliency in the face of set-backs

•

Willingness to work hard and not expect easy

•

solutions

•

Possess well-developed problem solving skills

•

Ability to learn and acquire the necessary skills for

the tasks at hand

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ENTEPRENUERSHIP
CHARACTERISTICS AND TRAITS
Being an entrepreneur requires specific characteristics and skills that are
often achieved through education, hard work, and planning.
Risk Taker
Businesses face risk. Entrepreneurs minimize risk through research,
planning, and skill development.
Perceptive
Entrepreneurs view problems as opportunities and challenges.
Curious
Entrepreneurs like to know how things work. They take the time and
initiative to pursue the unknown.

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ENTEPRENUERSHIP CHARACTERISTICS
AND TRAITS
Self-confident
Entrepreneurs believe in themselves. Their self-confidence takes care of
any doubts they may have.
Flexible
Entrepreneurs must be flexible in order to adapt to changing trends,
markets, technologies, rules, and economic environments.
Independent
An entrepreneur’s desire for control and the ability to make decisions
often makes it difficult for them to work in a controlled environment.

DEFERRED GRATIFICATION !

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INTRAPRENUERSHIP
•These

are the people working in big organization holding key
positions. They are quite innovative and bring many changes in
products and methods of production. They posses all qualification
of an entrepreneur.Top management is big organizations encourages
people in key positions to come out with new ideas so that they can
bring some changes in products and services. They are also known as
extra corporate entrepreneurs or intrapreneurs. They serve as
Champions to others in the organization.

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DISTINGUISH BETWEEN
ENTREPRENEUR AND INTRAPRENUER
Entrepreneur is employer
Independent in operation
Bears all the risk involved in enterprise
Exhibits higher need for achievement
Profit is the reward

Intraprenuer is employee
Depends on the
organization
Does not bear all the risk
May not have high need
achievement
Attractive salary, promotion

Should have some
professional or
May not have formal qualification
technical qualification
He has to operate within the
Do not have any boundary of operation organizational policy

DREAM>BELIEVE>PURSUE

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SOME WONDERFUL WORDS ON
ENTREPRENUERSHIP
•

"What does not destroy me, makes me stronger." – Friedrich
Nietzsche, 1844-1900
Great works are performed not by strength but by
perseverance." Samuel Johnson 1709-84.

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STAGES OF A COMPANY AND COMPANY
LEADER QUALITIES NEEDED
. Idea Generation – start of the company

•

1

•

Creativity, Innovation, Focused, Visionary,

•

Confidence, Optimism, Independence

•

2. Financing the company

•

Passion, Presentation, Selling, Patience,

•

Listening, Flexibility, Responsible

•

3. Building the company / launch of product

•

Organizer, Networker, Doer, Hard worker,

•

Tactical

•

4. Exit

•

Ability to let go
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MODULE 1 RECAP
•

We looked at Entrepreneurship definition

•

Triggers of entrepreneurship

•

We discussed Personal triggers of Indranil Aich –BECTEL
MODEL

•

Classification of entreprenuership

•

Characteristics and traits

•

We also discussed Intranprenuership and Entreprenuership

•
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MODULE 2
•

SOCIAL ENTREPRENUERSHIP - NEW FORM OF
ENTREPRENUERSHIP !

DREAM>BELIEVE>PURSUE

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NEW KIND OF BUSINESS –
SOCIAL BUSINESS : PMB(PROFIT MAKING
BUSINESS) VS SB(SOCIAL BUSINESS)
•

Creating business models revolving around low-cost products

•

and services to resolve social problem.

•

Social business is for ‘more-than-profit’ combine revenue-

•

generating business with a social-value-generating structure

•

Can be two kinds -

•

Creating services for poor

•

Owned by poor

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THE NEW BUZZWORD :
SOCIAL ENTREPRENEURSHIP
•

So, is entrepreneurship basically entrepreneurship regardless of the
context ?
Or

•
•

is “Social Entrepreneurship” something truly different ?

DREAM>BELIEVE>PURSUE

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WHAT IS SOCIAL ENTREPRENEURSHIP ?
•

Is it Non-profits making money

•

-

•

Process of creating value by bringing together a unique package of
resources to exploit an opportunity, in pursuit of high social returns.

Is it for-profits doing things to show they are not evil.

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THE ONLY BIG DIFFERENCE BETWEEN
COMMERCIAL AND SOCIALENTREPRENEURSHIP:

Denomination of returns !
•

Social and Commercial Entrepreneurship have most of the
same characteristics

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SOCIAL ENTREPRENEURS “LOOK” LIKE
ANY OTHER KIND OF ENTREPRENEUR
Social concern, but also :
Innovativeness
Achievement orientation
Independence
Sense of Control over destiny
Low aversion to risk
Tolerance for ambiguity

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•
•
•

•
•

HOW CAN YOU DO BUSINESS AND
SERVE SOCIAL GOALS ?
WHY IS PROFIT-MAKING NOT
CONFLICTING WITH SOCIAL
OBJECTIVES ?
Promotes R&D, innovation, new technologies
Increases efficiency
Enables penetration to new geographical areas and serve
deeper layers
of low income people.
Helps recover costs and pay back investors, thus encourages
investments

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•

PMBs (Profit Max. Business) vs SBs (Social
Business)

•

How they are same yet different

•

Employ workers, create goods and services for consumers

•

Must recover full costs

•

Profits are important

•

YET objective is to create social benefit and not limited to
personal gains
DREAM>BELIEVE>PURSUE

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A GIVING NATION IS A PROSPEROUS NATION
So why does social
entrepreneurship matter ?

DREAM>BELIEVE>PURSUE

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A GIVING NATION IS A PROSPEROUS NATION

High personal ROI on giving

Happiness

Health

DREAM>BELIEVE>PURSUE

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SOCIAL BUSINESS –
SOME EXAMPLES
•

•

•

Banking and finance is the biggest
beneficiary of technology-enabled social
startups
• Muhammad Yunus, Grameen Bank
(Nobel Peace Prize 2006) ** not founded in India
• Vikram Akula, SKS Microfinance (Social Entrepreneur of the Year
Award 2006)
• Kiva (peer-to-peer micro-lending website) ** not founded in India
Energy
• Solar Electrification - Harish Hande, SELCO (Social Entrepreneur of
the Year Award 2007)
Other examples
• Education (Same Language Subtitling, Janarth - education solutions
for children of migrant laborers)
• Many more…

DREAM>BELIEVE>PURSUE

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SKS, specializing in microfinance
is one of the largest and fastestgrowing microfinance
organizations in the world
(disbursements exceeding
$500 million to about 2.2 million
women)

DREAM>BELIEVE>PURSUE

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33
BANDHAN
•

About Bandhan-Bandhan (meaning togetherness) was born in 2001
under the leadership of Mr. Chandra Shekhar Ghosh, a Senior Ashoka
Fellow. The main thrust of Bandhan is to work with women who are
socially and economically disadvantaged, for their social up-liftment and
economic emancipation. Bandhan commenced microfinance operations
in West Bengal in July 2002. As on date it is working through a strong
network of 1,550 branches with more than 8,610 employees in 17 states
across the country and has reached to above 3 million poor families with
its microfinance operation.Also, Bandhan is actively engaged in the
development space through its education, health, livelihood program,
DREAM>BELIEVE>PURSUE
skill development initiatives.

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34
MODULE 2 RECAP
•

Social entreprenuership -SB VS PMB

•

The difference in definition

•

The process of social entreprenuership

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MODULE 3

•

Enteprenuership for engineers

•

Research and development - design

•

Manufacturing sector

•

Services sector

•

Support industry for both

DREAM>BELIEVE>PURSUE

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36
ENGINEERS IN
ENTREPRENUERSHIP

Design outsourcing
Manufacturing outsourcing
Services of equipments systems outsourcing
IT &ITES
Machinery
Cluster encouragement
Financial services technical services

DREAM>BELIEVE>PURSUE

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37
USEFUL WEBSITES OF ENTREPRENEUR
Websites which can help in preparation of the Business Plan :
www.score.org. This website has templates of the documents on excel
sheet : www.msme.gov.in
Government policies from the ministry of micro small and medium enterprises :
www.laghu-udyog.com
The official web portal of MSME : www.techsmall.com
Website sponsored by SIDBI : www.enterweb.org
Global information networks : www.enterweb.org
The entreprise development websitea knowledgeportal:www.loc.gov.in
Businessplan: www.bplans.com
Procedure for starting MSME:www.opportunityindia.net

DREAM>BELIEVE>PURSUE

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ENTREPRENEURSHIP: THE
IMPORTANCE
Central to the development of economy
The micro and small enterprises (MSEs) constitute over 90% of total
enterprises in most of the economies.
Employment generation
MSE sector accounts for about 39% of the manufacturing output and
around 33% of the total export of the India (in term of value).
Ministry of MSME-GOI

DREAM>BELIEVE>PURSUE

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ENTREPRENEURSHIP: THE IMPORTANCE
•

The nation that fosters an infrastructure of linkages among and between
firms, universities and government gains competitive advantage through
quicker information diffusion and product deployment’..US Council on
Competitiveness 1998

•

‘Leading knowledge based economy in the World’ (Lisbon Council) and
key issue for the EU is to build a ‘climate in which entrepreneurial initiative
and business activity can thrive’.. green paper on entrepreneurship- EC
Commission-2003

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THE RETURNS !

Genius consultants –Times of india HR EXCELLENCE AWARD
2013
DREAM>BELIEVE>PURSUE

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DREAMS CAN NEVER BECOME A REALITY WITHOUT HARD
WORK.

DREAM>BELIEVE>PURSUE

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DREAM>BELIEVE>PURSUE

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WE VALUE EVERYTHING UNDER THE SUN

10/14/2013

44
•

AICH APPRAISERSAUCTIONERS AND VALUERS
We value every thing under the sun

• Partnership firm Started in August 2009
•Valuation Services for Movable And Immovable Assets Construction
and Mining ,Medical Equipments for asset based lenders banks and
financial institutions
•Consulting Partnership With American Appraisals Pvt. Ltd.
•Over 6000 assets valued in three years with a value of around
3000crores INR
•MEMBER COMPANY OF CII ,BNCCI AIMA &IGCC

WE VALUE EVERYTHING UNDER THE SUN

10/14/2013

45
AICH APPRAISERSAUCTIONERS AND VALUERS
We value every thing under the sun

EMPANELMENTS

WE VALUE EVERYTHING UNDER THE SUN

10/14/2013

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AICH APPRAISERSAUCTIONERS AND VALUERS
We value every thing under the sun
•EMPANELMENTS

WE VALUE EVERYTHING UNDER THE SUN

10/14/2013

47
•200% Year on year Growthboth

bottomline and topline
•Strong credit rating
•Qualtrics Rated top 3 in India in Valuation

Services
•Finalist forAIMA -Dr J.S Juneja Award for

Innovation and creativity for MSME
enterprises for 2012 -2013 and ICICI CNBC India Emerging India Awards 2013

WE VALUE EVERYTHING UNDER THE SUN

10/14/2013

48
WE VALUE EVERYTHING UNDER THE SUN

10/14/2013

49
•

KATAICH INFRACORE ENGINEERING PVT. LTD.

•Started with Changling construction machinery distribution and Nawa

crushers
•Year on year growth 200%
•Revenue of ½ million USD in 2011-2012
•Shantui heavy machinery dealership
•Spare parts supplier company
•Started as the flagship company and diversified

WE VALUE EVERYTHING UNDER THE SUN

10/14/2013

50
•

AICH MINING RESOURCES PVT. LTD.
Opencast & Underground Mining of ferrous & non ferrous metal & non
metal mines concept to commisioning projects
•Opencast
•Concept

& Underground Equipment Selection, installation

to commissioning Technical Consulting & Mining Consulting
•Coal

•CHF

Washers Consulting

Concept to Concept to commissioning projects

WE VALUE EVERYTHING UNDER THE SUN

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51
•

AICH MINING RESOURCES PVT. LTD.
Opencast & Underground Mining of ferrous & non ferrous metal & non
metal mines concept to commisioning projects
•Opencast
•Concept

& Underground Equipment Selection, installation

to commissioning Technical Consulting & Mining Consulting
•Coal

•CHF

Washers Consulting

Concept to Concept to commissioning projects

WE VALUE EVERYTHING UNDER THE SUN

10/14/2013

52
A BREIF PROFILE OF INDRANIL
AICH F ABOUT INDRANIL AICH
Chequered career of 18 years in the industry out of which 14 years
in multinationals of repute
Worked in Titagarh Wagons Ltd GoIndustry – Dovebid (Formerly
Henry Butcher) ,UT Limited (JV between Usha Group and
Telehoist of U.K.) Ingersoll Rand India Ltd,TIL (Tractors India
Limited) -Jayashree Textiles, Indian Rayon Group –Rishra.
Award winning Production engineer with MBA from IIFT kolkata .
Publications and teaching assignments in several institutions of
repute .

WE VALUE EVERYTHING UNDER THE SUN

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53
A BRIEF ABOUT INDRANIL AICH
PROFESSIONAL MEMBERSHIPS
International Memberships
Honorary Life member of Royal Institute of Chartered Surveyors (RICS),
London.
Life member American Society of Mechnical Engineers USA
Life member of the Mining ,geological and metallurgical Society of India .
Life Member of Operational Society of India, Quality Circle Forum of India,
Systems Dynamics Society of India
Life Member of Institution of Engineers (Membership No.M-132302-9) and
Chartered Engineer from Institution of Engineers (AM 092132-5).
Approved valuer (Registration No.18328) Category – Production & Industrial
Engineering and Fellow and Life Member of Institution of Valuers.
Member of Indian Council of Arbitration, New Delhi an organization of FICCI
and Ministry of Commerce.Member of Practicing Valuers Association of India

WE VALUE EVERYTHING UNDER THE SUN

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54
A BRIEF ABOUT INDRANIL AICH
A BRIEF ABOUT INDRANIL AICH
INDUSTRY CHAMBER MEMBERSHIPS
Member of Confederation of India Industry Eastern Region
Member of MSME National council CII
Member of West bengal state council
Member of the economic affairs ,taxation and finance subcommittee
Member of the Safety subcommittee
Member of the MSME subcommittee

WE VALUE EVERYTHING UNDER THE SUN

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55
A
You can reach me @
indranilaich@gmail.com
aichappraisers@gmail.com
Mobile +919831088204

WE VALUE EVERYTHING UNDER THE SUN

10/14/2013

56
THANK YOU

DREAM>BELIEVE>PURSUE

10/14/2013

57
Question and Answer Session

DREAM>BELIEVE>PURSUE

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58

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Rama krishna MISSION SHILPA mandira lecture on enteprenuership

  • 1. ENTREPRENUERSHIP IN ENGINEERING WORLD A CURTAINRAISER FOR FUTURE ENGINEER ENTREPRENUERS • Ramakrishna Mission Shilpmandira ,Belur, WestBengal 14-Oct-13 Dream > Believe > Pursue AICH INDRANIL 1
  • 2. MODULES OF THE PRESENTATION • Module 1 - Entreprenuership defined ,triggering events ,classification , characteristics and traits,stages in a company • Intraprenuership • Module2- Social entreprenuerhip • Module 3 - Enteprenuership for engineers,Avenues of entreprenuership ,Importance of enteprenuership Rewards DREAM>BELIEVE>PURSUE 10/14/2013 2
  • 3. ENTREPRENUERSHIP IN VERNACULAR Entreprenuership in Hindi उ योग उप म (pr. udyog upakram)[Noun] DREAM>BELIEVE>PURSUE 10/14/2013 3
  • 4. ENTREPRENUERSHIP • Entrepreneurship is like raising children; it starts with a moment of enthusiasm, followed by decades of hard work” -Howard Stevenson DREAM>BELIEVE>PURSUE 10/14/2013 4
  • 5. ENTREPRENUER- DEFINED Entrepreneur Webster’s – someone who runs a business his or her own financial risk An entrepreneur is a person who undertakes the creation of an enterprise or business that has the chance of profit (or success). Some qualities of an entrepreneur -Partnerships -Robust network -Realistic view -Passion! -Clear strategy -Technology -Ethical Behavior -Flexibility DREAM>BELIEVE>PURSUE 10/14/2013 5
  • 6. ENTREPRENEURSHIP –TRIGGERING EVENTS Career Change Downsizing M&A Relocation Semiretired / retired Passion for an Idea Environment Deregulation / regulation Disruptive Events DREAM>BELIEVE>PURSUE 10/14/2013 6
  • 7. MY TRIGGERS Atmano mokshartham jagad hitaya cha, "For one's own salvation, and for the welfare of the world". JOY OF GIVING ! DREAM>BELIEVE>PURSUE 10/14/2013 7
  • 8. MY TRIGGERS BYOB - BE YOUR OWN BOSS ! EMPLOYMENT GENERATION ! CHALLENGES –PERSONAL ,PROFESSIONAL ,SOCIETAL TO BE REMEMBERED AS A FOUNDER OF AN INSTITUTION ENTREPRENUER GENERATION LEARNING LIFE, LIFE LONG LEARNING ! BECTEL MODEL -PUBLICATION ON THE WAY! DREAM>BELIEVE>PURSUE 10/14/2013 8
  • 9. ENTREPRENEURSHIP Business is not a dirty word! DREAM>BELIEVE>PURSUE 10/14/2013 9
  • 10. WHAT SOLUTIONS DO WE HAVE TODAY IN INDIA ? • Government jobs – minimal ,reservations! • Private sector – Economy driven, Revenue driven ,Recession driven • Academic profession – Water , water every where not a drop to drink! • Political will to create jobs – Policy paralysis! • Skill development- Negligible ! • Only 9% of Chartered accountants passouts were placed this year! ENTREPRENUERSHIP IS THE ANSWER ! DREAM>BELIEVE>PURSUE 10/14/2013 10
  • 11. MY INFERENCES • Know more be more ! • Knowledge is power ! • Net work! • Go kiss the world ! DREAM>BELIEVE>PURSUE 10/14/2013 11
  • 12. CLASSIFICATION OF ENTREPRENEURS Innovative Entrepreneur - He is the one who introduces a new product or a new method of production or opens a new market or explore new source of supply of raw material or carry out a new type of organization.- STEVE JOBS Initiative / Adoptive Entrepreneur – are those who initiate the successful entrepreneur in technique innovated by others. – NIRMA Drone Entrepreneur – are those who will never allow any change in their production or style of functioning-.HINDUSTAN MOTORS DREAM>BELIEVE>PURSUE 10/14/2013 12
  • 13. CLASSIFICATION OF ENTREPRENEURS FABIAN Entrepreneur - are always on caution. They neither introduce nor changes nor adopt new methods invented by others. They are lazy and follow old customs, old method of production – Typewriter industry ,pagers . Another classification 1) Natural Entrepreneur 2) Motivated Entreprenuer 3) Created Entrepreneur 4) Forced Entrepreneur DREAM>BELIEVE>PURSUE 10/14/2013 13
  • 14. ENTEPRENUERSHIP CHARACTERISTICS AND TRAITS • Ability to deal with a series of tough issues • Ability to create solutions and work to perfect them • Can handle many tasks simultaneously • Resiliency in the face of set-backs • Willingness to work hard and not expect easy • solutions • Possess well-developed problem solving skills • Ability to learn and acquire the necessary skills for the tasks at hand DREAM>BELIEVE>PURSUE 10/14/2013 14
  • 15. ENTEPRENUERSHIP CHARACTERISTICS AND TRAITS Being an entrepreneur requires specific characteristics and skills that are often achieved through education, hard work, and planning. Risk Taker Businesses face risk. Entrepreneurs minimize risk through research, planning, and skill development. Perceptive Entrepreneurs view problems as opportunities and challenges. Curious Entrepreneurs like to know how things work. They take the time and initiative to pursue the unknown. DREAM>BELIEVE>PURSUE 10/14/2013 15
  • 16. ENTEPRENUERSHIP CHARACTERISTICS AND TRAITS Self-confident Entrepreneurs believe in themselves. Their self-confidence takes care of any doubts they may have. Flexible Entrepreneurs must be flexible in order to adapt to changing trends, markets, technologies, rules, and economic environments. Independent An entrepreneur’s desire for control and the ability to make decisions often makes it difficult for them to work in a controlled environment. DEFERRED GRATIFICATION ! DREAM>BELIEVE>PURSUE 10/14/2013 16
  • 17. INTRAPRENUERSHIP •These are the people working in big organization holding key positions. They are quite innovative and bring many changes in products and methods of production. They posses all qualification of an entrepreneur.Top management is big organizations encourages people in key positions to come out with new ideas so that they can bring some changes in products and services. They are also known as extra corporate entrepreneurs or intrapreneurs. They serve as Champions to others in the organization. DREAM>BELIEVE>PURSUE 10/14/2013 17
  • 18. DISTINGUISH BETWEEN ENTREPRENEUR AND INTRAPRENUER Entrepreneur is employer Independent in operation Bears all the risk involved in enterprise Exhibits higher need for achievement Profit is the reward Intraprenuer is employee Depends on the organization Does not bear all the risk May not have high need achievement Attractive salary, promotion Should have some professional or May not have formal qualification technical qualification He has to operate within the Do not have any boundary of operation organizational policy DREAM>BELIEVE>PURSUE 10/14/2013 18
  • 19. SOME WONDERFUL WORDS ON ENTREPRENUERSHIP • "What does not destroy me, makes me stronger." – Friedrich Nietzsche, 1844-1900 Great works are performed not by strength but by perseverance." Samuel Johnson 1709-84. DREAM>BELIEVE>PURSUE 10/14/2013 19
  • 20. STAGES OF A COMPANY AND COMPANY LEADER QUALITIES NEEDED . Idea Generation – start of the company • 1 • Creativity, Innovation, Focused, Visionary, • Confidence, Optimism, Independence • 2. Financing the company • Passion, Presentation, Selling, Patience, • Listening, Flexibility, Responsible • 3. Building the company / launch of product • Organizer, Networker, Doer, Hard worker, • Tactical • 4. Exit • Ability to let go DREAM>BELIEVE>PURSUE 10/14/2013 20
  • 21. MODULE 1 RECAP • We looked at Entrepreneurship definition • Triggers of entrepreneurship • We discussed Personal triggers of Indranil Aich –BECTEL MODEL • Classification of entreprenuership • Characteristics and traits • We also discussed Intranprenuership and Entreprenuership • DREAM>BELIEVE>PURSUE 10/14/2013 21
  • 22. MODULE 2 • SOCIAL ENTREPRENUERSHIP - NEW FORM OF ENTREPRENUERSHIP ! DREAM>BELIEVE>PURSUE 10/14/2013 22
  • 23. NEW KIND OF BUSINESS – SOCIAL BUSINESS : PMB(PROFIT MAKING BUSINESS) VS SB(SOCIAL BUSINESS) • Creating business models revolving around low-cost products • and services to resolve social problem. • Social business is for ‘more-than-profit’ combine revenue- • generating business with a social-value-generating structure • Can be two kinds - • Creating services for poor • Owned by poor DREAM>BELIEVE>PURSUE 10/14/2013 23
  • 24. THE NEW BUZZWORD : SOCIAL ENTREPRENEURSHIP • So, is entrepreneurship basically entrepreneurship regardless of the context ? Or • • is “Social Entrepreneurship” something truly different ? DREAM>BELIEVE>PURSUE 10/14/2013 24
  • 25. WHAT IS SOCIAL ENTREPRENEURSHIP ? • Is it Non-profits making money • - • Process of creating value by bringing together a unique package of resources to exploit an opportunity, in pursuit of high social returns. Is it for-profits doing things to show they are not evil. DREAM>BELIEVE>PURSUE 10/14/2013 25
  • 26. THE ONLY BIG DIFFERENCE BETWEEN COMMERCIAL AND SOCIALENTREPRENEURSHIP: Denomination of returns ! • Social and Commercial Entrepreneurship have most of the same characteristics DREAM>BELIEVE>PURSUE 10/14/2013 26
  • 27. SOCIAL ENTREPRENEURS “LOOK” LIKE ANY OTHER KIND OF ENTREPRENEUR Social concern, but also : Innovativeness Achievement orientation Independence Sense of Control over destiny Low aversion to risk Tolerance for ambiguity DREAM>BELIEVE>PURSUE 10/14/2013 27
  • 28. • • • • • HOW CAN YOU DO BUSINESS AND SERVE SOCIAL GOALS ? WHY IS PROFIT-MAKING NOT CONFLICTING WITH SOCIAL OBJECTIVES ? Promotes R&D, innovation, new technologies Increases efficiency Enables penetration to new geographical areas and serve deeper layers of low income people. Helps recover costs and pay back investors, thus encourages investments DREAM>BELIEVE>PURSUE 10/14/2013 28
  • 29. • PMBs (Profit Max. Business) vs SBs (Social Business) • How they are same yet different • Employ workers, create goods and services for consumers • Must recover full costs • Profits are important • YET objective is to create social benefit and not limited to personal gains DREAM>BELIEVE>PURSUE 10/14/2013 29
  • 30. A GIVING NATION IS A PROSPEROUS NATION So why does social entrepreneurship matter ? DREAM>BELIEVE>PURSUE 10/14/2013 30
  • 31. A GIVING NATION IS A PROSPEROUS NATION High personal ROI on giving Happiness Health DREAM>BELIEVE>PURSUE 10/14/2013 31
  • 32. SOCIAL BUSINESS – SOME EXAMPLES • • • Banking and finance is the biggest beneficiary of technology-enabled social startups • Muhammad Yunus, Grameen Bank (Nobel Peace Prize 2006) ** not founded in India • Vikram Akula, SKS Microfinance (Social Entrepreneur of the Year Award 2006) • Kiva (peer-to-peer micro-lending website) ** not founded in India Energy • Solar Electrification - Harish Hande, SELCO (Social Entrepreneur of the Year Award 2007) Other examples • Education (Same Language Subtitling, Janarth - education solutions for children of migrant laborers) • Many more… DREAM>BELIEVE>PURSUE 10/14/2013 32
  • 33. SKS, specializing in microfinance is one of the largest and fastestgrowing microfinance organizations in the world (disbursements exceeding $500 million to about 2.2 million women) DREAM>BELIEVE>PURSUE 10/14/2013 33
  • 34. BANDHAN • About Bandhan-Bandhan (meaning togetherness) was born in 2001 under the leadership of Mr. Chandra Shekhar Ghosh, a Senior Ashoka Fellow. The main thrust of Bandhan is to work with women who are socially and economically disadvantaged, for their social up-liftment and economic emancipation. Bandhan commenced microfinance operations in West Bengal in July 2002. As on date it is working through a strong network of 1,550 branches with more than 8,610 employees in 17 states across the country and has reached to above 3 million poor families with its microfinance operation.Also, Bandhan is actively engaged in the development space through its education, health, livelihood program, DREAM>BELIEVE>PURSUE skill development initiatives. 10/14/2013 34
  • 35. MODULE 2 RECAP • Social entreprenuership -SB VS PMB • The difference in definition • The process of social entreprenuership DREAM>BELIEVE>PURSUE 10/14/2013 35
  • 36. MODULE 3 • Enteprenuership for engineers • Research and development - design • Manufacturing sector • Services sector • Support industry for both DREAM>BELIEVE>PURSUE 10/14/2013 36
  • 37. ENGINEERS IN ENTREPRENUERSHIP Design outsourcing Manufacturing outsourcing Services of equipments systems outsourcing IT &ITES Machinery Cluster encouragement Financial services technical services DREAM>BELIEVE>PURSUE 10/14/2013 37
  • 38. USEFUL WEBSITES OF ENTREPRENEUR Websites which can help in preparation of the Business Plan : www.score.org. This website has templates of the documents on excel sheet : www.msme.gov.in Government policies from the ministry of micro small and medium enterprises : www.laghu-udyog.com The official web portal of MSME : www.techsmall.com Website sponsored by SIDBI : www.enterweb.org Global information networks : www.enterweb.org The entreprise development websitea knowledgeportal:www.loc.gov.in Businessplan: www.bplans.com Procedure for starting MSME:www.opportunityindia.net DREAM>BELIEVE>PURSUE 10/14/2013 38
  • 39. ENTREPRENEURSHIP: THE IMPORTANCE Central to the development of economy The micro and small enterprises (MSEs) constitute over 90% of total enterprises in most of the economies. Employment generation MSE sector accounts for about 39% of the manufacturing output and around 33% of the total export of the India (in term of value). Ministry of MSME-GOI DREAM>BELIEVE>PURSUE 10/14/2013 39
  • 40. ENTREPRENEURSHIP: THE IMPORTANCE • The nation that fosters an infrastructure of linkages among and between firms, universities and government gains competitive advantage through quicker information diffusion and product deployment’..US Council on Competitiveness 1998 • ‘Leading knowledge based economy in the World’ (Lisbon Council) and key issue for the EU is to build a ‘climate in which entrepreneurial initiative and business activity can thrive’.. green paper on entrepreneurship- EC Commission-2003 DREAM>BELIEVE>PURSUE 10/14/2013 40
  • 41. THE RETURNS ! Genius consultants –Times of india HR EXCELLENCE AWARD 2013 DREAM>BELIEVE>PURSUE 10/14/2013 41
  • 42. DREAMS CAN NEVER BECOME A REALITY WITHOUT HARD WORK. DREAM>BELIEVE>PURSUE 10/14/2013 42
  • 44. WE VALUE EVERYTHING UNDER THE SUN 10/14/2013 44
  • 45. • AICH APPRAISERSAUCTIONERS AND VALUERS We value every thing under the sun • Partnership firm Started in August 2009 •Valuation Services for Movable And Immovable Assets Construction and Mining ,Medical Equipments for asset based lenders banks and financial institutions •Consulting Partnership With American Appraisals Pvt. Ltd. •Over 6000 assets valued in three years with a value of around 3000crores INR •MEMBER COMPANY OF CII ,BNCCI AIMA &IGCC WE VALUE EVERYTHING UNDER THE SUN 10/14/2013 45
  • 46. AICH APPRAISERSAUCTIONERS AND VALUERS We value every thing under the sun EMPANELMENTS WE VALUE EVERYTHING UNDER THE SUN 10/14/2013 46
  • 47. AICH APPRAISERSAUCTIONERS AND VALUERS We value every thing under the sun •EMPANELMENTS WE VALUE EVERYTHING UNDER THE SUN 10/14/2013 47
  • 48. •200% Year on year Growthboth bottomline and topline •Strong credit rating •Qualtrics Rated top 3 in India in Valuation Services •Finalist forAIMA -Dr J.S Juneja Award for Innovation and creativity for MSME enterprises for 2012 -2013 and ICICI CNBC India Emerging India Awards 2013 WE VALUE EVERYTHING UNDER THE SUN 10/14/2013 48
  • 49. WE VALUE EVERYTHING UNDER THE SUN 10/14/2013 49
  • 50. • KATAICH INFRACORE ENGINEERING PVT. LTD. •Started with Changling construction machinery distribution and Nawa crushers •Year on year growth 200% •Revenue of ½ million USD in 2011-2012 •Shantui heavy machinery dealership •Spare parts supplier company •Started as the flagship company and diversified WE VALUE EVERYTHING UNDER THE SUN 10/14/2013 50
  • 51. • AICH MINING RESOURCES PVT. LTD. Opencast & Underground Mining of ferrous & non ferrous metal & non metal mines concept to commisioning projects •Opencast •Concept & Underground Equipment Selection, installation to commissioning Technical Consulting & Mining Consulting •Coal •CHF Washers Consulting Concept to Concept to commissioning projects WE VALUE EVERYTHING UNDER THE SUN 10/14/2013 51
  • 52. • AICH MINING RESOURCES PVT. LTD. Opencast & Underground Mining of ferrous & non ferrous metal & non metal mines concept to commisioning projects •Opencast •Concept & Underground Equipment Selection, installation to commissioning Technical Consulting & Mining Consulting •Coal •CHF Washers Consulting Concept to Concept to commissioning projects WE VALUE EVERYTHING UNDER THE SUN 10/14/2013 52
  • 53. A BREIF PROFILE OF INDRANIL AICH F ABOUT INDRANIL AICH Chequered career of 18 years in the industry out of which 14 years in multinationals of repute Worked in Titagarh Wagons Ltd GoIndustry – Dovebid (Formerly Henry Butcher) ,UT Limited (JV between Usha Group and Telehoist of U.K.) Ingersoll Rand India Ltd,TIL (Tractors India Limited) -Jayashree Textiles, Indian Rayon Group –Rishra. Award winning Production engineer with MBA from IIFT kolkata . Publications and teaching assignments in several institutions of repute . WE VALUE EVERYTHING UNDER THE SUN 10/14/2013 53
  • 54. A BRIEF ABOUT INDRANIL AICH PROFESSIONAL MEMBERSHIPS International Memberships Honorary Life member of Royal Institute of Chartered Surveyors (RICS), London. Life member American Society of Mechnical Engineers USA Life member of the Mining ,geological and metallurgical Society of India . Life Member of Operational Society of India, Quality Circle Forum of India, Systems Dynamics Society of India Life Member of Institution of Engineers (Membership No.M-132302-9) and Chartered Engineer from Institution of Engineers (AM 092132-5). Approved valuer (Registration No.18328) Category – Production & Industrial Engineering and Fellow and Life Member of Institution of Valuers. Member of Indian Council of Arbitration, New Delhi an organization of FICCI and Ministry of Commerce.Member of Practicing Valuers Association of India WE VALUE EVERYTHING UNDER THE SUN 10/14/2013 54
  • 55. A BRIEF ABOUT INDRANIL AICH A BRIEF ABOUT INDRANIL AICH INDUSTRY CHAMBER MEMBERSHIPS Member of Confederation of India Industry Eastern Region Member of MSME National council CII Member of West bengal state council Member of the economic affairs ,taxation and finance subcommittee Member of the Safety subcommittee Member of the MSME subcommittee WE VALUE EVERYTHING UNDER THE SUN 10/14/2013 55
  • 56. A You can reach me @ indranilaich@gmail.com aichappraisers@gmail.com Mobile +919831088204 WE VALUE EVERYTHING UNDER THE SUN 10/14/2013 56
  • 58. Question and Answer Session DREAM>BELIEVE>PURSUE 10/14/2013 58