development center for aspiring entrepreneurs to identify strengths and development needs
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Transcript of development center for aspiring entrepreneurs to identify strengths and development needs
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Development Center for Entrepreneurs
June 2013
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What Entrepreneurs Need to Succeed?
Funds – Investors/ VCs/ Banks etc.
Right Connections – Networking platforms
The ‘right’ attitudes and
behaviors
Surge in various funds/ angel investors/ VCs etc in India looking to invest in high return and scalable business models
Several platforms such as TiE, NEN etc which help entrepreneurs connect with each other/ guides/ mentors etc.
Most successful entrepreneurs make it big inspite of a lack of funds or great networks simply on the strength of their attitude – be it positivity, perseverance, passion etc. On the contrary, many well moneyed and well connected entrepreneurs are unable to see a good business idea through. Why?
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The concept
• DEVELOPMENT CENTER FOR ASPIRING ENTREPRENEURS– Identifying and defining a set of attitudes and behaviours
that successful entrepreneurs exhibit – Enabling aspiring entrepreneurs to understand where they
measure up on these attitudes and behaviors– Doing a gap analysis and identifying strengths and gap
areas and helping entrepreneurs action plan on how they can inculcate and exhibit winning attitudes and behaviours.
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Delivery Format
2 Day long workshop with
several individual and group exercises
Psychometric profiling
Detailed report for every aspiring entrepreneur
One-to-one feedback and
action planning session
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Primary research to create a competency framework
Designing the product
Marketing through tie ups with entrepreneurial forums
Delivery across large section of entrepreneurs
Modus Operandi
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Preliminary findings
• Top AttributesAttribute Cluster
What it means
Value drivenTrust worthy, High on integrity, Quality concerned
Customer driven
Adopts customer first approach, Anticipates customer needs, Manages customer expectations
Personal leadership
Self motivated, passionate, Self confident, Optimistic, Personally inspired, Thinks big
Innovator
Critical thinker, Adaptable, Open minded, Information seeking
• Bottom AttributesAttribute Cluster
What it means
People Leadership
Building high performing teams, Delegation, Does succession planning, Networking ability, Communication skills
Business Acumen
Commercial savviness, Systematic planner, Institutionalizing success factors
Ability to work with non-structure
Ambiguity tolerance, Spontaneity, Reliance on gut feel, Impulsive