Saturday 10 August 2013

A Lesson on Entrepreneurship by our seniors...

Today was one of the exciting day at NITIE. Our Mandi sir had invited our seniors from batch the PGDIM20 to interact with the students of section B. They carried an experience of a decade and  are achieving heights in industries, we were eager to know how was their journey till this point of time. We wanted to learn from their experience, thought process, new developments.Being the Class representative I got an opportunity to receive them. The alum were Hemant Kumar Jain, Nikhil Kulkarni, Arbit Choudhary.


Prof. Mandi introduced us to the Nikhil Kulkarni and then he passed the proceeding of session to him. Nikhil  Kulkarni is very decent person, I observed him as simple living and high thinking person. Before starting the session he liked to took our views,  that what we are expecting from this session, and what questions does he really need to answer during the session.  In response to this there were several question out of which few of them were - What are the learning from NITIE, which we have to implement in our jobs. What is the scope of starting a our own business venture. How is life post NITIE. These were some of the questions. It was then our  session officially started. The very first topic he talked about is entrepreneurship or starting of one own business venture. There was a clarity of thought in the manner, he was speaking out.

The whole class seemed to be lost in his discussion. They explained entrepreneurship with a great ease. They tried to analyzed our thought that why some of us want to take it up as a career. Basically in my opinion , the were trying to instigate a fire among us to start a business. They helped to us to realise the purpose and satisfaction that we will get. It was not about the glamour or money, It was about what I can. Then they talked about the difficulties arising out of starting a business. The capital we will be require for starting a business could possibly be too high, might be 50 crore would be very little figure for statring a company. It is not easy to raise a capital of such amount and more over it requires more dedication ,personal time. According to him getting a good profile in good company and starting a business is more a like same thing. He told us that there is good amount of earning involved in job which is at par, there is big responsiblity involved as in entrepreneurship as same here in job also, there is lot of big tasks available which gives us the same feel like we are managing the business of our own. In Entrepreneurship we have to make people work in such a way that they are able to generate the revenue three times of their salary. The employee who is working for the company not only generates the revenue but also generates the salary of the manager/people who are above him in the company hierarchy till CEO's. Hemant sir's target as set by his company is to genrates the revenues ten times more than his salary and we can imagine what kind of hard work and managing activities it would involve while doing a job. So, in no way we can say that entrepreneurship is better than doing merely a job.


At some point of time people need satisfaction and motivation and we can derive the maximum satisfaction level from entrepreneurship , we must go for it and on the other hand if we are more satisfied in doing our job for company then , it is not bad either. After giving us the realization of the similarity and differences between  the two he proceeded with the his own experience in NITIE. He told us that there will be plenty of time, we would be getting in NITIE to work upon idea of starting a business , then if we find feasible , we can absolutely go for it.
I thank and express my gratitude to the effort of our Prof. Mandi sir who had arranged such an insightful session with the alumni . Thanks a lot sir.!!!!!

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