Challenges and Opportunities for future Entrepreneurs.

TANYA SINGH

TYBBM

What is entrepreneurship?

Entrepreneurship is the development of a business from the ground up or coming up with an idea and turning it into a profitable business.

Entrepreneurship types

Small Business

Scalable Startups

Large Company Social 

Does age matter?

Jamsedhji Tata Deepinder goyal Richa kar Farrhad acidwalla TATA GROUPS ZOMATO ZIVAME Rockstah Media AGE: 29year 29years 33years 21 years

Startups are getting easier but not entrepreneurship!!!

More access to information

Techniques to mitigate our risk

Easy availability of finance

Cost of entry for a startup is at an all-time low

How challenging can it be? Developing the Vision and Business Idea:

Identifying a problem seeing an opportunity in the problem Coming up with a solution Forging the opportunity into a business idea Integrating the solution into a business plan.

Poor market research: Understanding your potential market.

Detailed business plan: Helps us to figure out exactly how the business will run and the

expenses that will be incurred and the estimated revenue generation

Raising Capital for Startup: Convincing investors about something that does not exist

How challenging can it be? Developing a business team: a business team is needed to cover up or compliment the

weaknesses of the entrepreneur.

Unforeseen challenges: Unexpected law suits, Inconsistent government policy, unpaid bills and taxes etc.

Competition: Formulation of suitable measures to deal with new competition.

Keeping Up With Industrial Changes and Trends: The only thing constant is change! This makes it difficult to find effective solutions.

Opportunities Fresh water industry: water efficient agriculture or fresh water production

Urbanisation: Compact green and smart cities ,Rural growth initiatives.

Fitness and wellness industry: It is estimated to grow to Rs 1,00,000 crore by 2015

App Market: By 2017 it is expected that mobile apps will generate $77 billion worth of revenue.

Software Industry: Annual growth rate of 30 per cent in India.

Opportunities Business Consulting: Help drafting the business plans, strategies, marketing

campaigns etc to the entrepreneurs

Media: Digital advertising and gaming records growth rates of close to 40 per cent annually

Tourism: new forms such as rural, medical and eco tourism.

Food processing industry: With a vision to utilize the large food production in India this industry is given due importance.

Baby Products: It expected to grow significantly at around 17 percent in terms of revenue by 2019 annually.

“Build your own dreams, or someone else will hire you to build theirs” – A.P.J Abdul kalam

Thankyou!