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Entrepreneurship means being able to execute plans even in resource-constrained environments. | | Photo credit: Freepik
T.India has emerged as the third largest startup ecosystem in the world, yet students are unaware of the resources available to build a career in their field of choice. Entrepreneurship is a choice that students can always make. Aspiring entrepreneurs constantly challenge the status quo and seek new avenues to learn more about the nuances of doing business. Collaborating with fellow students, coaches and professors and learning interdisciplinary work increases exposure to entrepreneurial activity and thinking. Entrepreneurship means being able to execute plans even in resource-constrained environments. Her three rules of entrepreneurship are to be creative, resilient and visionary. Here are some tips to help students who want to become entrepreneurs.
Take advantage of university resources
Take full advantage of university resources such as the Incubation Center and Venture Studio to develop your ideas and access resources and mentoring. In some cases, this is done in collaboration with the government under schemes such as his ATAL Innovation Mission, Venture Capital Assistance Scheme (VCA), Aatmanirbhar Bharat App Innovation Challenge and Startup India Initiative.
make connections
Build relationships with peers, alumni, professors and industry experts who make your journey possible. Whether it’s an internship or a thesis, the right connections open up new opportunities, allow you to grow and build your own team.
create a business plan
Outline your goals and plan how you will achieve them. Building your academic paper on your actual business goals and plans is a great way to get ahead of your plans for the future.
find a mentor
Running a business is challenging. Luckily most professors are always experienced and happy to share a few tips with newbies.
creativity is key
You don’t have to do anything “new” or out of the box, but it’s important to do it differently. Whether it’s enhancing an existing product or service, or adapting a different business model to apply a solution to a problem.
Capital increase plan
Capital can come from many sources, so plan your pitch to investors in advance. Amounts and funding sources vary.
think about branding
Branding is not only a logo or a tagline, it is what sets your product apart from your competitors and makes your product unique. This helps consumers remember, relate to, and like your product.
register
The business must be registered with the government. Check if you have completed the Doing Business As (DBA) form. If your business is online, the first step is to buy a domain name and trademark it.
Apart from the above, build strong communication skills, strategic thinking and planning skills, and the ability to deal with the unexpected.
I am the director of the Isect Group.
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