Author: yazdi

Education

10 Entrepreneurial Lessons from Rajasthan Royals

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1.Always start with a low cost operation : when you are a new player , keep your operations low cost . Run a tight ship (remember the 1st edition , Shane Warne was coach , mentor and capt all rolled in one) . Dont emulate your competition by matching up to their big pockets when you cant afford to . Just because your competition does it doesnt mean you have to do .

2.If you are the owner then be there : look how shilpa and raj are there at every fixture . If its still start of the business the owner entrepreneur needs to be seen with the team . Doesnt mean you supervise things but being there sends out a clear message to the team ‘ we are there and we care ‘

3.Get a Good CEO to run the ship : Remember Shane Warne and now Rahul Dravid , go out and find out the best in the business and hire them . Give them the freedom and watch them perform.

4.You dont need stars to be up there in the sky : Remember the first edition , Shane Warne lead a team of young talent to win the trophy . Names like Swapnil Asnodkar and Sohail Tanveer became house hold names.

5.Search , Groom and Promote young talent : Todays stars like Ravindra Jadeja ( Sir Jaddu ) and Yousuf Pathan all started in RR . Today they have upcoming stars like Sanju Samson , Dishant Yagnik and Manmeet Singh.

6.Have a blend of talent and experience : Today the team that delivers is a good balance between young talent and old experience . So while you have Shane Watson and Brad Hodge playing along with Stuart Binny and Sanju Samson.

7.There is no fixed formula for success : Look at the way RR experiments with its line up changing positions of key players . Experiment till you get the combination right . Just because something worked in a certain situation doesn’t mean it will work . If you are a tight ship it’s always better to build multifaceted talent . Which team could dare to select someone like Pravin Tambe at the age of 41 and who hasn’t played a single first class match . Never fear to experiment

8.Play the underdog tag : Look how smartly RR plays the underdog tag so as to shift pressure on the big boys . Leave the orange caps and the purple caps for others , let everyone perform . Keep the opposition guessing not knowing who is going to come out and perform today .

9.Be strong in your own backyard : RR’s record on its home ground is impeachable . so if you are a young company consolidate your position on your home turf . Dont let competition

10.Shit Happens : you may find a few bad eggs on your journey to success . Don’t let it bother your team . Talk to them on a one on one basis just like Rahul did and tell them to put it all behind. Remind them of the values the team stands for and convince them that nothing succeeds like success .

Raj Bhat

News, Startups

Runway to Success

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Runway to Success is a brand new TV series by Lufthansa and ET NOW. A reality show that recognizes SMEs with the most powerful business case. Built on three successful seasons of Pioneering Spirit – A Product of Lufthansa, the new series is an improved avatar which is sharply focussed on you the entrepreneur. Spread over 11 episodes in which a shortlist of 27 entrepreneurs will compete for a Grand Prize empowering them to take off – quite literally – on the ‘Runway to Success.’

Sign On: It all begins with innovative entrepreneurs sharing the story of their big business idea. Of these, our business experts handpick a shortlist of the 27 most compelling business cases, which will then be featured on the programme.

Pitch in: On air, the first 9 episodes of Runway to Success will showcase the untold mantras of industry icons who have charted a new flight path to success. In each episode, 3 entrepreneurs will make their best business pitch to the icon, who will then pick a winner with the help of our business expert. Each episodic winner will win a Business Class Ticket to Europe and a TiE mentorship.

Take off: The 9 episodic winners compete in the Semi-finals for a spot among the top 3 who will battle it out in the Grand Finale to win:

  • A Lufthansa Business Class ticket to Europe
  • A sponsorship to an entrepreneurial programme at Cambridge
  • A TiE mentorship
  • A 3-month open office mentorship from Canaan Partners

Click Here for the website

Calendar, News, Startups

Microsoft BizSpark India Startup Challenge 2013 Multiple Cities – Big Impact

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Microsoft BizSpark India Startup Challenge 2013 is a unique platform to identify and promote upcoming startups with a promising product in focus areas of connected devices and continuous services across India by submitting their business ideas on Cloud Computing and Mobility.

Microsoft BizSpark India Startup Challenge 2013 for the first time is organized in 10 different cities with a national grand finale in Bangalore. The event will be held between May 25 – June 7, 2013.  Last date for submission of entries 5 May 2013

Grant Prize of $70K cash and $2M worth of non-cash prizes.

Click Here for more information

Mentoring, Startups

What’s the Deal With the Sudden Rash of Incubators?

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Ajeet Khurana
If you have been in the Indian startup space for the past couple of years, you would have noticed that the past 15-odd months have seen an abnormally high number of announcements of new private incubators and accelerators. What are these strange animals? What do they want from us? And what is it that has caused the sudden rash?
What are incubators or accelerators?
Before we examine what has caused the heightened interest in incubators or accelerators, let us take a moment to recollect what they are all about. Sure there are some philosophical differences between these two beasts, i.e., incubators and accelerators, but in essence the give-and-take equation with startups remains similar.

Click Here for the interesting article

Business Ideas, Motivations, News

Crash Course on Creativity

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This crash course is designed to explore several factors that stimulate and inhibit creativity in individuals, teams, and organizations. In each session we will focus on a different variable related to creativity, such as framing problems, challenging assumptions, and creative teams.

The course is highly experiential, requiring each student to participate actively, taking on weekly projects. Each Wednesday a new challenge will be presented, and the results are due the following Tuesday. Some of the challenges will be completed individually, and some will be done in teams. There will be a two-week project toward the end of the course that will allow you to use all the tools you have learned.

To foster collaboration and learning between the students, we will craft teams for each assignment. Each project will be done with a different team, so students get a chance to work with a wide variety of participants. All submissions will be viewed and evaluated by the course participants. There will also be a course Twitter feed and Facebook page, and several scheduled Google Hangouts that will enable active discussions on specific topics.

Click Here for more

Courtesy : Raj Bhat

Finance, Startups

Venture Nursery

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VentureNursery (VN) is India’s first angel-backed start-up accelerator. Established in March 2012 by two like-minded Angel Investors -Shravan Shroff, Founder and former MD, Fame Cinemas and Ravi Kiran, former CEO-South East & South Asia, Starcom MediaVest Group and Co-Founder and Managing Partner, Friends of Ambition, the accelerator runs its physical premises out of Mumbai, India.

Based on our belief that the angel ecosystem must focus primarily on maximising the success potential of start-ups, VentureNursery undertakes an intensive and immersive coaching and mentoring role in the chosen start-ups and helps each with end-to-end infrastructural and learning support.

Click Here for their website

Calendar, Finance

Finance for Non Finance Managers

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THE LAYMEN CONSULTANTS 
Presents
Finance for Non Finance Managers

Date: 20th April 2013

Venue: The Hilton Mumbai, Near International Airport, Mumbai, India

Timing: 8.30 am to 6.00 pm

 

Introduction

The objective of the training programme is to provide a fishing rod to the participant, to dig into the subject of finance at will and take out all that matters for better commercial decision making. It is highly essential that senior managers in an organization are self equipped to systemize all their business functions in line with the financial objectives of the promoters.

The Laymen Consultants believe that “IF EXPLAINED SIMPLY”, everyone has the ability and the right to increase his awareness and knowledge on any subject he or she desires. To make a permanent shift in your thought process about finance, we bring you a one day training programme which covers the following.

 

Programme flowchart

 

8.30 -9.00 Breakfast
9.00 -10.00 Introduction to The World of Finance – Assessment of your Understanding of Finance, in which form does it exist around us, what are the key macros and thought processes required to enter the Subject
10.00 – 11.00 Concepts of Finance – Accounting Principles, Forms of Business Organisation
11.00-11.15 Tea and Coffee Break
11.15 – 1.00 Balance Sheet – Macro Imaging the business and how it Results in Capital Formation. Reading and Analyzing, How it helps in Taking financial decisions, Check on Other Functions in the organization
1.00– 2.00 Lunch
2.00 – 3.30 The Profit & Loss Account – Micro Imaging the Business and how it results in current account inflow and outflow
3.30 – 3.45 Tea and Coffee Break
3.45 – 5.00 Working Capital Management and Ratio Analysis – Factors which are useful in Decision Making
5.00 – 6.00 Question and Answer session

 

Who should attend?      

  • Senior Sales and Marketing managers
  • General Managers and Vice Presidents
  • Directors, Promoters & Chief Executive Officers
  • Advisors and consultants to senior corporate executives

Carry any balance sheet that you wish to understand and we will solve all your queries LIVE!

 

Facilitator

Anuraag Gupta – Chief Investment Officer at Profound Consulting – a multimillion dollar investment and financial consultancy firm

He is also an educationist and guest lecturer on the subject of finance & Investment at various reputed management schools like Mumbai University, S P Jain Institute of Management & Research, Rotary Clubs & various Small & Medium Enterprises with more than 2000 hours of training behind him

 

EVENT PARTNER

 

Fees

INR 8500/- per participant
INR 6500/- per participant (for TIE Members)

Covers

  • Participation Fee
  • Breakfast, Lunch and tea/coffee
  • Literature

 

Enrollment:


Nominations & Enquiries : Ankita, Course Co-Ordinator – +91 9819711002

502, A-Wing,                                                                                                   Tel:             +91-22-25708790

Delphi, Hiranandani Business Park,                                                    Facsimile: +91-22- 25704357
Powai, Mumbai – 400076.                                                                       E-mail:       info@thelaymenconsultants.com
Cheque Favouring “The Laymen Consultants” along with Enrollment form can be Couriered or Hand Delivered to our Postal Address.

E-mail your confirmation at info@thelaymenconsultants.com to arrange for physical collection of Enrollment Form and Cheque.
Click here to download registration form http://www.thelaymenconsultants.com/rform.doc

Website: http://www.thelaymenconsultants.com

Facsimile: +91-22- 25704357

Courtesy : Dolly Dhamodiwalla