E-Cell, from IIT Kharagpur, conducted an Entrepreneurship Awareness Drive at Dr Ambedkar Institute of Management Studies and Research (DAIMSR), Nagpur, on Tuesday, October 4. It was conducted to re-establish the spirit of entrepreneurship among all the students of India. Around 500 students participated in the press conference, which had successful entrepreneurs like Dr Suhas Buddhe (MD, Bio Care India,) Dr Mujahid Siddiqui (Advisor at Eleap), Shashikant Chaudhary (President, Tie Founder at Nagpur Angels) and Baldev Singh Rawat (ResumeltUp Services). They discussed the various ways to become a successful entrepreneur and shared their new and innovative ideas with students. They guided all the budding entrepreneurs, who had come from various cities, about the importance of a well planned and well researched entrepreneurship agenda.
Speaking about the enthusiastic entrepreneurs of Nagpur who start with a bang but end up regretting, Shashikant Chaudhary told Nation Next, “It’s a good idea to open a new venture in Nagpur, but one must religiously follow two basic phases – search phase and executive phase. The search phase includes searching of creative and implementable ideas. They should make a module, data sheet and a budget to evaluate the pros and cons of their ideas. People in Nagpur feel that they have brilliant business ideas so they immediately start implementing their ideas, as they get insecure of somebody else implementing it. When their idea backfires, they don’t know what to do and that’s the biggest problem of Nagpurians. The search phase should be carried out for at least six months. The executive phase includes execution of the ideas that are zeroed in during the search phase.” Nagpur is growing at a fast pace and it’s among the smart cities too. Soon, Nagpur would be able to boast of McDonald’s too.
Prof. Ajay Gidwani of DAIMSR told Nation Next that the event’s main motto is to spread awareness about entrepreneurship and the importance of patience and time in students’ lives. It takes at least five years to grow any business. He said, “We keep hearing about the success stories of Facebook, Ola Cabs, Paytym, etc, but we never see the efforts and time behind it. One cannot always succeed in his first attempt. It’s a failed project and not a failed life! Entrepreneurs should start with a small venture and a minimum capital. Nagpurians dream big and land up with nothing. They back out of their project if it fails, but it’s not the solution. Entrepreneurship is a gradual and an inbound learning process. Entrepreneurship is not a bed of roses. Success takes time and we need to understand and accept our failures. There is nothing wrong in failing; it’s a learning process and that’s all the awareness drive is about.