Entrepreneurship Development Support

10th December, 2016 Entrepreneurship Development Support 1

How Many Of You Are In

• Skills Training?• Livelihood Creation? • Teaching Financial Literacy?• Mentoring and Handholding?• Entrepreneurship Development?



Look Carefully


And This ?


What Do You See Here ?

Young Lady

Babushka(Grandma)

Depends


Entrepreneurship Development Support

For the

Economically BackwardRural Society

Ulhas KamatI Create India

10th December, 2016

Growth

Trees Grow


Development

People Develop


DEVELOPMENT•A new stage in a changing or evolving situation.•It is a Process10th December, 2016 Entrepreneurship Development Support 10

Development Success

Depends on Process & Not on Intent


Components• Initial Stage

•What we start with (Raw Material)

• Process• System, Tools, People (Implementer)

• Final Stage•What we end with (Finished Product)


Effectiveness• Understand “Raw Material”• Design Process and Tools

•Being Aware of Characteristics•Being Cognizant of Reaction or Response and Environment

• Achieve Desired End Result10th December, 2016 Entrepreneurship Development Support 13

“Raw Material”

• Academic Achievement - Low• Financial Resources - Shortage• Information- Asymmetry• Skills – May Exist• Confidence – Lacking• Tradition/Culture• Gender Issues• Low Penetration of Technology


Desired Outcome• Economically Empowered

Individual or Family in Rural Areas• Businesses Started• Jobs Created• Quality of Life



Entrepreneurial Skills

Mentoring

Domain Knowledge

Access to Capital

Entrepreneurship Success Factors

Domain Knowledge• Skilling• Traditional Crafts• Hobby• Vocational Education• University of “Hard Knocks”



ROAD MAP• Create Entrepreneurship Awareness

• Dispel Myths• Change The Mind Set

• Training – Entrepreneurial Skills• Mentoring• Financial Linkages• Handholding10th December, 2016 Entrepreneurship Development Support 19

MYTHS• Entrepreneur is a RISK Taker

•Mitigates RISK•Takes Calculated RISK

ART of Risk MitigationA VOIDR EDUCET RANSFER


….Myths• Money is the most important

requirement to start a businessIDEA is

• Government Gives Money If I Belong To ……………………


10th December, 2016 22Entrepreneurship Development Support

Entrepreneurship is not a Subject It is an

Attitude

Entrepreneurship ……………

Change Of Attitude

• Stories• Role Models• Discussions• Part of Awareness Creation


Content• Audience Appropriate • Devoid of Theoretical Overload

& Definitions• K.I.S.S. (Keeping It Short and

Simple)


TOPICS• Idea Generation• Home Work – Research• Business Arithmetic• Financial Literacy• Life Skills – CNN

•Communication, Negotiation, Networking,


We have to make them learn!

We Can’t Teach



Learning Styles

By Seeing or Observing

By listening

By Doing (Tactile)

Which Style ?

•Depends on Subject•Majority (almost 70%)

learn by doing



Methodology• Highly Interactive• Fully Participatory• Group Activity• Adaptive• Learning by Doing







MENTORING

• One-on-One• Capacity Building• Instilling Self Confidence


Financial Linkages

• Schemes: PMEGP DAY - NRLM DAY - NULM MUDRA

SHISHU KISHOR TARUN


I Create Process


Business Incubation• Set Up Business Incubation Centers (BIC)• Follow the 5 STEP PROCESS

Awareness Training Mentoring Financial Linkages Handholding

• BIC is different from TIC (Technical Incubation Centers)


I H

The Mantra


©OPE

Key To Success

Good Idea Great Homework, Opportunity identification and meticulous Planning Excellence In Execution

10


1

SUCCESSCUSTOMER

• Product or Service Quality

• Meeting Commitments

• Customer Relations

CASH FLOW• Managing Cash Flow• Cost Reduction


Mentoring & Handholding

Who Will Do This ?GEM

Grassroots Entrepreneurship Mentor

Traits Of GEM• Zeal and passion for helping

underprivileged• Ability to Facilitate• Administrative skill – Plan and Organize

events• Willing and able to do the out-reach• Networking Capability• People Skill10th December, 2016 Entrepreneurship Development Support 45

Potential Sources

• Teachers in Higher Secondary Grades• Teaching Faculty of Colleges• Retired Bank Officers• Retired Professionals (Business

Executives, Engineers etc.)• Trainers in life-skills, soft-skills or

vocational skills


Call to Action• Establish Business Incubation

Centers• Recruit GEMs and Build their

Capacity• Make Use of I Create Model – Idea to

Execution


I Create Offer• I Create is willing to:

Share Intellectual Property Build Capacity – Institutional &

Individual• Urge NSDC to Integrate Entrepreneurship

with Technical Skills Training – I Create willing to be Knowledge Partner


Dr KalamDouble click on the box to hear Dr. Kalam



[email protected]

+91 963 22 55 990

Entrepreneurship Development Support

Small Business & Entrepreneurship