SOW SEEDS OF ENTREPRENEURSHIP

Schools teach the basic sciences and math that lay the foundation for higher education. They also teach students to think ‘out-of-the-box’; however the extent of going beyond the conventional depends on individual tastes. As compared to institutes abroad, Indian schools are limited when it comes to practical education. Most of us, irrespective of whichever generation we may be from, would have acquired more than our fair share of bookish wisdom rather than actual working knowledge of anything. This is one of the reasons we are afraid to venture into dark waters for the fear of the unknown. Books may teach us to flap our hands & legs and hold our breath to swim but reality is much more difficult, especially when one is taking baby steps!

For decades there has been debate on whether academics are the right people to teach entrepreneurship and if, in fact, it is something which can be learnt. Some argue the only way these skills can be taught is by entrepreneurs themselves dissecting their successes and failures and sharing real-world, practical experience. Others say entrepreneurship cannot be taught; that successful entrepreneurs have distinct traits which are innate, and that certain people are hard-wired to see opportunities and pursue them through new and innovative means.

A course on entrepreneurship for high school students has become the need of the hour to empower students to think out-of-the-box, look at unconventional ways for problem-solving and identify needs that have not been met, says Husien Dohadwalla.

Schools should accommodate a more practical method of education so that children will not be afraid to try what they want as they get older. For the seeds of ideas to germinate, a lot of effort, motivation and sacrifice is needed. While growing up, a young adult spends about 70% of his or her time in school, where teachers and peers have the power to make or break them. Therefore, it is very important for schools to realize this and groom each student with utmost care and responsibility.

Practical schooling approach will aid students from all socio-economic backgrounds because it helps cultivate unconventional talents and skills. Early exposure to an environment that hones their penchant for innovation plays an important role in developing the characteristics that are critical to become successful business magnates.

Students will develop analytical skills and core competencies which will help them become future tycoons. They will also develop practical skills like identifying business opportunities, making business plans, applying and coordinating the business growth.

Within our education system, entrepreneurship should be transversal competent. By developing a common description of entrepreneurship as a competence, one can fill in the gap between the world of education and the professional world.

Keeping these factors in mind, ENTREPRENEUR VISION program designed by ICCE is the need of the hour. This program will aid participants to understand a practical approach towards Entrepreneurship and create a better future for nation.

GREEN REVOLUTION OR FOOD REVOLUTION ?

The global population is skyrocketing, the climate is changing, and diets are shifting. So how do you tackle the problem of feeding 9 billion people by 2050?

It’s only 2017 and we produce enough food for 10 billion people, so why are we defaulting to a scientific solution? Science can address the technical aspects of food production — yields, shelf life, etc. — but the technical aspects of food production aren’t the problems when it comes to feeding nine billion people, or dealing with the agricultural impact of climate change, or accommodating shifting diets. These problems are, almost exclusively, social and political.

“Twenty-first-century challenges require 21st century approaches,” said Sally Rockey, executive director of FFAR. While many people tend to view agriculture as a tradition-bound system, “it really is a cutting-edge science.”

This may be true, but nowhere is it written that a 21st century approach MUST involve advanced technology, precision-everything, and patching together a broken food system with duct tape made out of patents.

We have an intractable food problem because it’s a people problem, not a technological one. Its solution will involve deliberate choices to do with less quantity and fewer options in a world where the supermarket and its infinite bounty and instant gratification are regarded as a global ideal.

“Revolution” is agriculture oriented toward locality, diversity, redundancy, seasonality, mass participation, and ecological integration. Revolution is farms, and the technologies for distributing food, focused on producing food for a community or region instead of the gaping maw of a global marketplace. Revolution is communities around the world largely independent of food products, methods, and technologies owned outside of those communities.

A Green Revolution would be a fundamental re-engineering of the way food is produced and consumed around the world.

PERSUASION IS NOT MANIPULATION

Temptation, Enticement, Prompting. Big words with one simple meaning; PERSUASION- The ability to influence people. In layman language we are talking about People skills. Entrepreneurs wouldn’t trade them for the world. The ability to deal with people is priceless.

Being a good entrepreneur means being able to effectively convince an investor that you have a great idea, persuade partners that your approach is right, and convince potential customers that the solution is right for them. If all your ideas are intuitively obvious to everyone, you probably aren’t thinking outside the box, or don’t really have the next big thing.

Remember though, Persuasion is not manipulation. Manipulation is coercion through force to get someone to do something that is not in their own interest.  Persuasion is the art of getting people to do things that are in their own best interest that also benefit you.

Here are few tricks you can use in your benefit to persuade your potential clients and customers:

  • If it’s True, Come Out and Say It-Don’t beat around the bush. Don’t give expectations that could not be met. However, if you execute and are good at what you do, say so. While other vendors that the individual calls will give them a sales pitch that all sound the same and is the same song a dance, you come out and say what you want to say. If you want the potential client’s business, tell them. “We can work hard for you and produce. I want to take this account on.” Who else is saying that?
  • Persuade the Persuadable- Everyone can be persuaded, given the right timing and context, but not necessarily in the short term.  Political campaigns focus their time and money on a small set of swing voters who decide elections.  The first step of persuasion is always to identify those people that at a given time are persuadable to your point of view and focus your energy and attention on them.
  • Persistence Pays- The person who is willing to keep asking for what they want, and keeps demonstrating value, is ultimately the most persuasive.  The way that so many historical figures have ultimately persuaded masses of people is by staying persistent in their endeavors and message.  Consider Abraham Lincoln, who lost his mother, three sons, a sister, his girlfriend, failed in business and lost eight separate elections before he was elected president of the United States.
  • Compliment Sincerely – We are all so positively affected by compliments, and we’re more apt to trust people for whom we have good feelings.  Try complimenting people sincerely and often for things they aren’t typically complimented for, it’s the easiest thing you can do to persuade others that doesn’t cost anything but a moment of thought.
  • Set Expectations- Much of persuasion is managing other’s expectations to trust in your judgment.  The CEO who promises a 20% increase in sales and delivers a 30% increase is rewarded, while the same CEO who promises a 40% increase and delivers 35% is punished. Persuasion is simply about understanding and over-delivering on other’s expectations.
  • Don’t Assume  – Don’t ever assume what someone needs, always offer your value.  In sales we’ll often hold back from offering our products/services because we assume others don’t have the money or interest.  Don’t assume what others might want or not want, offer what you can provide and leave the choice to them.

 

DON’T UNDERESTIMATE GLOBAL WARMING

For three decades, environmentalists have been claiming that if we don’t do something to fight global warming, we’ll all turn into pumpkins by the end of the century or so. Yet they’ve made very little headway in getting humanity to act on their suggested remedies.

The amount of Global Warming is often measured relative to the late 19th century even though this is about 100 years after the start of the industrial revolution, when humans started burning large amounts of fossil fuels.

According to the Paris Agreement on climate change, the world should try to limit global warming to as close to 1.5C as possible to avoid its worst effects, such as deadly heat waves, sea level rise that threatens coastal cities and more violent storms.

One of the researchers, Professor Michael Mann, said the Intergovernmental Panel on Climate Change (IPCC) had been using a definition of pre-industrial “that is likely underestimating the warming that has already taken place”.

“That means we have less carbon to burn than we previously thought, if we are to avert the most dangerous changes in climate,” he said.

“When the IPCC says that we’ve warmed 1C relative to pre-industrial, that’s probably incorrect. It’s likely as much as 1.2C.”

Meeting a 1.° C target is obviously more difficult if the change already experienced is 1.2 degrees rather than the 1.0 that had been broadly accepted. The new information doesn’t make the world any warmer, but it could have an effect on programs designed to meet the 1.5 degree goal. Either the total change allowed under agreements needs to go up to adjust for this early change, the definition of the allowed change needs to be redefined to make it clear it’s relative to 1880, or programs will have to be rapidly accelerated to try and hold off that final bit of change.

The study, described in the journal Natural Climate Change, found that anything from 0.02C to 0.21C of warming could already have taken place before the late 19th century.

The lower end of that range would mean the current use of the late 19th century is reasonably accurate, but the upper end would be a substantial change.

Professor Mann, of Pennsylvania State University, said that either the Paris targets “have to be revised” or the world could simply decide that they only wanted to restrict warming relative to the 19th century.

The new information doesn’t make the world any warmer, but it could have an effect on programs designed to meet the 1.5 degree goal. Either the total change allowed under agreements needs to go up to adjust for this early change, the definition of the allowed change needs to be redefined to make it clear it’s relative to 1880, or programs will have to be rapidly accelerated to try and hold off that final bit of change.

MISTAKES THAT CAN HAMPER AN ENTREPRENEUR

 

Mistakes are common; in fact they’re inevitable. They also can make you a more cautious and wiser businesspersonAll entrepreneurs make at least one expensive mistake when setting up a new business. But some mistakes are so costly they can sink a cash-strapped new company.

Following is list of crucial startup stumbles. Even if an entrepreneur is doing everything else right, committing even one of these mistakes can seriously damage the startup’s credibility and chances of successful launch.

1.Client communication failures

One of the most common mistakes a growing professional services firm makes is failing to effectively communicate with clients. According to a recent study, client communication is the most important factor influencing the success of a project. But this is often easier said than done.

Ninety percent of survey respondents selected email as one of their top three methods of communication during projects, but email is built for private communications between a few individuals, whereas delivering successful projects is a team endeavor. For most professionals today, relying on email means entire chains of communication are put in silos between teammates, withholding valuable information in their inboxes that’s inaccessible to both colleagues and clients.

With growing teams and bigger projects, it’s impossible to keep track of every small detail using traditional manual approaches, such as copying and pasting or multiple all-hands meetings. While new collaboration tools are trying — unsuccessfully — to replace email entirely, the real solution is to use project management software that integrates with email automatically, tracking conversations and treating the content of their messages as assets to share across the team.

2.“We don’t have any competition.”

As you brief potential advisors, investors and partners regarding your startup, you want to convey how exciting, ground-breaking and unique you are, right? But one of the silliest things you can say is, “We don’t have any competition.” Even if you have a new, dramatically better solution for addressing a certain customer problem, your customers do have another way of currently addressing that problem or issue. It’s crucial to address how you’re going to steal share from the established players — the current way of doing things.

3. “Build it and they will come.”

Inventors and innovators often tend to minimize the importance of marketing and sales. They get caught up in just how cool their solution is, and just assume that, once it’s available on the market, customers will simply stampede to buy it. Good luck with that.

Even though every Entrepreneur comes up their own innovative solution, they do not last long without proper sales and marketing technique.

4. Overly optimistic market penetration assumptions.

Another serious business planning chaos is claiming that your new startup is going to conquer the majority of its addressable market, from scratch, in just three to five years. Think about it: even the most heroically successful new market launches in history, such as the iPad and the iPod, achieved no better than 30-50% market penetration in 7 years. And those are extremely successful outliers. Are you going to do better than that, as a startup with limited marketing resources?

5. Choosing the wrong team. 

This is the most expensive startup mistake, claims Bill Aulet, managing director of the Martin Trust Center for MIT Entrepreneurship and author of Disciplined Entrepreneurship.

Pick your team carefully and base your choices on the skills you need, common values and trust. Don’t let friendship cloud your judgment.

6. Take advantage of every opportunity to network.

It’s not just who you know, it’s who knows you. Your calendar may be booked from sunrise to sunset, but even 30 minutes at a networking event will pay off in the long run. Visibility is the first rule of networking. Make sure you have your presence at all social networks. . In order to promote your business, it’s essential to see and be seen.

FEARLESS ENTREPRENEUR.

Becoming an Entrepreneur became more common than ever after Modi’s Startup India campaign. Yet most of those entrepreneurs are no longer in business. Every day we read about startup ventures crumbling to soil. It can make you think twice about giving up on the 9-6 lifestyle.

It’s natural to feel dubious about your decision. No entrepreneur is a born badass who would nail every target and aim of the organization. They fall, they crumble and they learn. What is important is to remember your lesson. Because your fall will help you learn how to fly.

Giving up is not an option for a passionate Entrepreneur. Success isn’t a result of spontaneous combustion. You must set yourself on fire. To become a fearless Entrepreneur, one must always remember these lessons:

  1. The journey is the best part.

It’s easy to look at that mountain and shy away from the hard work. It’s intimidating to begin with. But along the journey, you embark on something new. This journey is the most enjoyable part of the process.

All successful entrepreneurs look back on their respective journeys with a great fondness. Don’t be afraid of the journey embrace it.

  1. Cherish what drives you.

What drives an Entrepreneur isn’t money alone. It’s what they can do with that money. For you it might be that big house, that fast car or that dream vacation to Hawaii. Embrace what drives you. Use that to get you through the hard times.

Make sure to keep your aspiration in front of you all the time. Nothing can motivate you more than knowing what you want.

  1. Mistakes are tuition. Learn from every one you make.

It’s quite simple. We will make mistakes. Some are incredibly expensive. Don’t go out of your way to make mistakes but learn from every one you do make. Set aside some time to reflect on why you made that mistake and what you can do to make sure you don’t make that same mistake again.

  1. Adapt or perish.

Entrepreneurship is competition on a landscape that is always changing. They must either adapt or die. It’s that simple. Constantly monitor your competitors and your market. Enjoy your success without ever becoming complacent.

Always be on your toes.

  1. Never, ever, ever give up.

Malcolm Gladwell popularized the idea that it takes 10,000 hours to master a complex skill.

But the real key of mastering a complex skill is grit; the ability to stick with something long enough to log those 10,000 hours.

People with grit are like anti dilettantes. Rather than flit from thing to thing, gritty people pick something and stick with it. They’re tenacious, dogged, persevering, and they absolutely refuse to give up.

The grittiest people don’t just work longer and harder, although that is part of the equation. They keep a laser focus on their goal and say, “No, thanks,” to anything that gets in their way.

Be a true fearless Entrepreneur. Don’t listen to anyone other than yourself. Stay focused. And never give up on your goal.

 

TO SAVE THE WORLD, START SMALL

“A society grows great when old men plant trees whose shade they know they shall never sit in.”
— Greek proverb

Global warming has increased in vast increments in the last decade. In fact, in the last 50 years, the earth’s global temperature has increased by 3%. Pollution caused by the release of carbon dioxide into the air creates a blanket over the atmosphere. Global warming can cause a whole chain of events to rupture ecosystems, weather patterns, and a variety of other factors. We all play a part in our future.

To save the world, there is no need of any committee or agreement. We can do this by simply altering our lifestyle a little. Take small steps that won’t change our life but make a difference to the world.

Replace Regular Incandescent Light bulb: Replace regular incandescent light bulb with compact fluorescent light (CFL) bulbs. They consume 70% less energy than ordinary bulbs and have longer lifetime.

Go Solar: Many people have caught the energy efficient band wagon of solar energy. Having solar panels installed is something readily possible and available. Incentives and discounts given by government agencies and energy companies make solar energy something to look into.

Reduce Waste: Landfills are the major contributor of methane and other greenhouse gases. When the waste is burnt, it releases toxic gases in the atmosphere which result in global warming. Reusing and recycling old items can significantly reduce your carbon footprint as it takes far less energy to recycle old items than to produce items from scratch.

Use less Hot Water: Buy energy saving geysers and dishwasher for your home. Avoid washing clothes in hot water. Just wash them in cold or warm water. Avoid taking frequent showers and use less hot water. It will help in saving energy require to produce that energy.

Plant a Tree: Planting trees can help much in reducing global warming than any other method. They not only give oxygen but also take in carbon dioxide, during the process of photosynthesis, which is the main source of global warming.

Reuse Towels: Hang towels to dry, instead of popping them back in the wash after a few uses.

Spread the Awareness: Always try your best to educate people about global warming and its causes and after affects. Tell them how they can contribute their part by saving energy that will be good for the environment. Gather opportunities and establish programs that will help you to share information with friends, relatives and neighbors.

By being just a little more mindful, we all can play our part in combating global warming. These easy tips will help preserve the planet for future generations.

FOOD FOR THOUGHT

Earth is getting hotter.

Not something we are unaware of.

From Agriculture to Infrastructure to how humans consume energy, the National Climate Assessment Development Advisory Committee spotlights how a warming world may bring widespread disruption.

Agriculture feeds and clothes the world. Although the long-term effects of climate change are still largely unknown, scientists can observe short-term effects of climate change on crops and animals. In addition, scientists can prognosticate about the changes that are likely to occur in agriculture if global climate change causes changes in temperatures and rainfall. Farmers will see declines in some crops, while others will reap increased yields.

With rapid climate change, aside from yields, climate change will also affect food processing, storage, and transportation—industries that require an increasing amount of expensive water and energy as global demand rises—leading to higher food prices.

The future course of global food production will depend on how well societies can adapt to such climatic changes, as well as the influence of other pressures, such as the competition for land from biofuel production. The IPCC concluded that in the poorer, low-latitude countries, climate change could seriously challenge the capacity to adapt for a warming of more than 3°C. The richer, higher latitude countries are likely to have a greater capacity to adapt and exploit changing climatic conditions.

But we can’t ignore the potential for “surprises” down the line. There are many uncertainties in such predictions. The world has not seen such changes in climate for millennia, and so it is impossible to know how our agricultural systems will react in the real world.

 

IF OPPORTUNITY DOESN’T KNOCK, BUILD YOUR DOOR

If you don’t come across the opportunity you want, you have to take the initiative to increase your chances of getting that opportunity.

Creating opportunities for yourself is the door. The particular opportunities you want and the plan for getting them depends on what vocation, market or personal interest you are pursuing. The opportunities you need to create can depend on developing personality, personal attributes or simply mechanical steps such as filing a resume. If you want to be an actress, you have to take a film test and try out for a role after having gone to theater school or gotten some relevant experience. These steps might be considered building the door more literally. Without a door, opportunity has nothing to knock on. The specific door you should build depends on what sort of opportunities you are interested in.

For Entrepreneur things are no better. Entrepreneurs take action in their own hands instead of waiting around for success to just come around the corner. They become successful because they strive for success. They open window of opportunities, instead of just waiting until it opens for them.

And like the quote above said, “If opportunity doesn’t knock, build a door.” This just shows that you mustn’t leave your business’ success to chance. You have to take the necessary steps in order to reach your goal. In business, there’s no lucky break. It’s all about the preparations and the opportunities you make. You base how much work you’ve done by the results.

Success is never just handed out to entrepreneurs, we work for it. But most of all, we make them happen through our actions, preparations and the opportunities we make for our business and ourselves. Think about it.

Have you created great opportunities lately?

 

CLIMATE CHANGE IN INDIA

It is a controversial question to learn whether the emerging war with Pakistan and China poses a greater threat to India or the changing climate. No one can answer what future they hold for India.

We might not be familiar with what future holds but we do understand that currently global warming is causing loss to Indian environment. The reality can be seen in melting glaciers, disintegrating polar ice, thawing permafrost, changing monsoon patterns, rising sea levels, changing ecosystems and fatal heat waves.

Scientists are not the only ones talking about these changes. From Kashmir to Kanyakumari, every part of India is struggling with the impact of climate change.

But this is just the beginning. We need to act to avoid catastrophic climate change. While not all regional effects are known yet, here are some likely future effects if we allow current trends to continue.

Impact on Indian economy:

  • Late or Early monsoon affect the agriculture. And if agriculture affected whole Indian economy is affected. It is the major demand generating sector. So, Low production will lead to shortage of food, inflation in food, change in interest rates, low sells of items like TV, mobiles, car, bike and so on because of people need food now, not luxury. So, every sector will be affected, hence they will also lower their production. It may also start job cut.
  • Floods (because of manmade reasons, urbanization etc. affect the climate) can lead to destruction of roads, railways and many other infrastructures. Its renovation prices are in billions. So, direct impact on GDP and account from any natural hazard. And life loss is also there. It also leads to short term inflation because of shortage of food. Climate change can cause a decline of 9% of India’s GDP.
  • Heat Wave or extreme rain may lead to stopping the daily production in factories and holidays in companies. Direct impact on production.
  • Due to climate change, many tourism places are also affected.
  • More usage of fertilizer and all that because of decreasing fertility of soil.

Never before has humanity been forced to grapple with such an immense environmental crisis. If we do not take urgent and immediate action to stop global warming, the damage could become irreversible.