Ravi Tharoor on LinkedIn: Five myths of entrepreneurship In Masters of Management, Adrian… (2025)

Top Five Reasons why Entrepreneurs Fail...Entrepreneurship is a tricky thing and unless, entrepreneurs are on top of the game all the time, the chances for failure are very high. Research has shown that not more than 10% of all new ventures go past the second year of their existence and that entrepreneurs often end up on the wrong side of success.Problems with Funding :-The first of these reasons relates to the funding aspect. As we all know, new ventures and startups need funding at all stages of their lifecycle and hence, the entrepreneur has to ensure that the venture capitalists and the financial institutions back him or her from the word go and continue their assistance throughout the process.Staffing Issues :-The second reason why entrepreneurs fail is related to staffing wherein the entrepreneurs often do not staff their ventures with the right resources and often fail to have the required resources when the venture takes off.Further, not having the right resources because either they are too expensive or they do not want to take the chance of working for a startup.Nowadays, many employees do not want to risk their futures by joining a startup whose future is uncertain.Operational Mismanagement :-The fourth reason why new ventures fail is the operational aspect wherein the entrepreneur fails to manage the nuts and bolts of running the business in an effective, efficient, and efficacious manner.For instance, many entrepreneurs often do not involve themselves in the ground realities of running the business and leave this to others wherein they concentrate on the bigger picture.Peaking too Early or Too Late :-The fifth reason why many entrepreneurs fail is that their ventures often peak early or peak late leading to missing the curve when the right combination of ideation, incubation, and execution is actualized leading to success.For instance, some entrepreneurs have great and game changing ideas but peak too early meaning that they misread the signals from the market. This often leads to burnout and fatigue especially when the desired momentum has to be generated.

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𝟳 𝗠𝗶𝘀𝗰𝗼𝗻𝗰𝗲𝗽𝘁𝗶𝗼𝗻𝘀 𝗮𝗯𝗼𝘂𝘁 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀𝗵𝗶𝗽As someone navigating the world of entrepreneurship in the beauty industry, I've encountered numerous misconceptions that can often discourage or mislead aspiring founders. Especially as part of my ESSEC BEAUTY CHAIR journey and attending courses like "Building a Beauty Brand" and "Activating a Beauty Brand", this has become more apparent. Recently, I had the privilege of attending a workshop by Yann Cramer, where the experience challenged many of the myths I had internalized. These are some insights - 1. 𝗜𝘁 𝘀𝘁𝗮𝗿𝘁𝘀 𝘄𝗶𝘁𝗵 𝗮 𝗯𝗿𝗶𝗹𝗹𝗶𝗮𝗻𝘁 𝗶𝗱𝗲𝗮: Successful businesses often emerge from identifying simple, everyday inefficiencies and finding clever solutions. Like switching to squeeze bottles for condiments – sometimes the simplest ideas can revolutionize an industry.2. 𝗜𝘁'𝘀 𝗮𝗹𝗹 𝗮𝗯𝗼𝘂𝘁 𝘁𝗲𝗰𝗵: While technology drives innovation in numerous sectors, it's not a mandatory component for entrepreneurial success. Take the fashion industry, for instance – entrepreneurs can thrive by prioritizing quality, comfort, and meeting customer needs without relying heavily on cutting-edge tech.3. 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀𝗵𝗶𝗽 𝗶𝘀 𝘆𝗼𝘂𝗻𝗴: The notion that entrepreneurship is a young person's game is a myth. Look no further than Colonel Harland Sanders, who founded the KFC empire in his 60s. 4. 𝗜𝘁 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝘀 𝗮 𝗰𝗼𝗳𝗼𝘂𝗻𝗱𝗲𝗿: Many believe a co-founder is essential for a successful startup. However, numerous businesses have been built by a single founder who later brought in partners or team members. 5. 𝗜𝘁 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝘀 𝘃𝗲𝗻𝘁𝘂𝗿𝗲 𝗰𝗮𝗽𝗶𝘁𝗮𝗹: Contrary to popular belief, not every startup requires massive venture capital funding. Depending on the industry and business model, bootstrapping and self-funding can be just as effective, especially in the early stages.6. 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀 𝗻𝗲𝘃𝗲𝗿 𝗾𝘂𝗶𝘁: The myth that successful entrepreneurs never quit is far from reality. In fact, 90% of founders don't hit it out of the park with their first venture. The ability to recognize when it's time to pivot or walk away from a failing business is a valuable skill.7. 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀 𝗮𝗿𝗲 𝗯𝗶𝗴 𝗿𝗶𝘀𝗸 𝘁𝗮𝗸𝗲𝗿𝘀: While entrepreneurship involves inherent risks, successful founders aren't reckless gamblers. They carefully assess potential risks and rewards, taking calculated chances on opportunities that offer a favorable risk-reward ratio.𝗧𝗵𝗲 𝗸𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆?𝘿𝙤𝙣'𝙩 𝙡𝙚𝙩 𝙘𝙤𝙢𝙢𝙤𝙣 𝙢𝙞𝙨𝙘𝙤𝙣𝙘𝙚𝙥𝙩𝙞𝙤𝙣𝙨 𝙖𝙗𝙤𝙪𝙩 𝙚𝙣𝙩𝙧𝙚𝙥𝙧𝙚𝙣𝙚𝙪𝙧𝙨𝙝𝙞𝙥 𝙙𝙚𝙩𝙚𝙧 𝙮𝙤𝙪 𝙛𝙧𝙤𝙢 𝙥𝙪𝙧𝙨𝙪𝙞𝙣𝙜 𝙮𝙤𝙪𝙧 𝙙𝙧𝙚𝙖𝙢𝙨. Success often lies in challenging conventional wisdom and embracing a mindset of continuous learning and adaptation.#entrepreneurs #entrepreneurship #ESSEC

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🚀 7 𝐌𝐢𝐬𝐜𝐨𝐧𝐜𝐞𝐩𝐭𝐢𝐨𝐧𝐬 𝐀𝐛𝐨𝐮𝐭 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬𝐡𝐢𝐩Yesterday, I had the privilege of attending a workshop by Yann Cramer that challenged some common misconceptions about entrepreneurship. As someone who's been contemplating starting my own venture, it was eye-opening to see how many of these myths were holding me back. Here are a few key takeaways that resonated with me:1️⃣ 𝐈𝐭 𝐬𝐭𝐚𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐚 𝐛𝐫𝐢𝐥𝐥𝐢𝐚𝐧𝐭 𝐢𝐝𝐞𝐚: Contrary to popular belief, entrepreneurship doesn't always start with a groundbreaking idea. Sometimes, it's about recognizing everyday problems and finding simple solutions. Like the shift from glass bottles to squeeze bottles for sauces – it's all about making life a little easier!"𝐉𝐮𝐬𝐭 𝐭𝐡𝐞𝐫𝐞 𝐦𝐮𝐬𝐭 𝐛𝐞 𝐚 𝐛𝐞𝐭𝐭𝐞𝐫 𝐰𝐚𝐲" 2️⃣ 𝐈𝐭'𝐬 𝐚𝐥𝐥 𝐚𝐛𝐨𝐮𝐭 𝐭𝐞𝐜𝐡: While technology plays a significant role in many industries, it's not a prerequisite for success. Take the fashion industry, for example. By focusing on quality and comfort, entrepreneurs can make meaningful strides without relying on the latest tech trends.3️⃣ 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬𝐡𝐢𝐩 𝐢𝐬 𝐲𝐨𝐮𝐧𝐠: There's no expiration date on entrepreneurship. We all know the famous example Colonel Harland Sanders, the founder of Kentucky Fried Chicken (KFC)."𝐓𝐡𝐞 𝐫𝐞𝐚𝐥 𝐝𝐢𝐥𝐞𝐦𝐦𝐚 𝐢𝐬 : 𝐬𝐡𝐨𝐮𝐥𝐝 𝐈 𝐬𝐭𝐚𝐫𝐭 𝐲𝐨𝐮𝐧𝐠 𝐰𝐢𝐭𝐡 𝐥𝐢𝐭𝐭𝐥𝐞 𝐨𝐟 𝐭𝐡𝐞 𝟑 𝐜𝐚𝐩𝐢𝐭𝐚𝐥𝐬?"4️⃣ 𝐈𝐭 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐬 𝐚 𝐜𝐨𝐟𝐨𝐮𝐧𝐝𝐞𝐫: No, it doesn't. Haven't we seen many business start without a co-founder in shark tank? Yes, we did.All you have to do is start with the means at your disposal.𝐀 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 𝐜𝐚𝐧 𝐛𝐞 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐝 𝐛𝐲 𝐚 𝐜𝐨𝐫𝐞 𝐟𝐨𝐮𝐧𝐝𝐞𝐫 𝐰𝐡𝐨 𝐭𝐡𝐞𝐧 𝐟𝐢𝐧𝐝𝐬 𝐜𝐨-𝐟𝐨𝐮𝐧𝐝𝐞𝐫.5️⃣𝐈𝐭 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐬 𝐯𝐞𝐧𝐭𝐮𝐫𝐞 𝐜𝐚𝐩𝐢𝐭𝐚𝐥:Contrary to popular belief, not every startup requires a hefty investment. It all depends on the industry and the nature of the idea. Sometimes, bootstrapping can be just as effective.6️⃣ 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬 𝐧𝐞𝐯𝐞𝐫 𝐪𝐮𝐢𝐭: They do ! 90% of the founders didn't become successful with their first business. They understand and analyse when it's time to quit and start a new one.𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬 𝐝𝐨𝐧'𝐭 𝐡𝐚𝐯𝐞 𝐭𝐡𝐞 𝐥𝐮𝐱𝐮𝐫𝐲 𝐨𝐟 𝐭𝐡𝐫𝐨𝐰𝐢𝐧𝐠 𝐠𝐨𝐨𝐝 𝐦𝐨𝐧𝐞𝐲 𝐚𝐟𝐭𝐞𝐫 𝐛𝐚𝐝.7️⃣ 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬 𝐚𝐫𝐞 𝐛𝐢𝐠 𝐫𝐢𝐬𝐤 𝐭𝐚𝐤𝐞𝐫𝐬: While entrepreneurship involves risk, successful founders aren't reckless gamblers. They carefully assess risks and seek opportunities with a favorable risk-reward ratio.💡 𝐓𝐡𝐞 𝐁𝐨𝐭𝐭𝐨𝐦 𝐋𝐢𝐧𝐞: Don't let misconceptions hold you back from pursuing your entrepreneurial dreams."𝐒𝐭𝐚𝐫𝐭 𝐬𝐦𝐚𝐥𝐥, 𝐛𝐮𝐭 𝐬𝐭𝐚𝐫𝐭 𝐧𝐨𝐰, 𝐟𝐢𝐧𝐝 𝐦𝐨𝐫𝐞 𝐫𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐚𝐥𝐨𝐧𝐠 𝐭𝐡𝐞 𝐰𝐚𝐲."What are some misconceptions about entrepreneurship that you've encountered? Let's keep the conversation going! 💬#entrepreneurship #startups #investment #career

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In the dynamic world of entrepreneurship, the journey from an idea to a successful startup can be fraught with challenges. One of the most significant hurdles for aspiring founders is securing the necessary funding to bring their vision to life. I would be discussing on the stages of sourcing for funding. PRE-SEED FUNDING It is also know as” pre-seed capital” this is when you need money to turn your idea into something tangible. It is a initial round of financing that helps startup before the full development of a product. The funding of this stage is basically from the founder’s personal savings, family , friends or Angel investor who belief in the idea of the product of the team behind the product.Some key points about pre-seed funding are:1.) Most common uses of this pre-seed fundingi. Setting up infrastructure e.g materials, equipments and office space.ii. Designing your initial product iii. Developing the MVP( minimum viable product)iv. Achieving early milestones.2.) Purpose of Pre-seed funding: it is about turning idea into something tangible that can attract further investment.i. Validate set up ideaii. Develop a prototype iii. Conduct market research 3.) Amount of pre-seed funding: It vary widely but it usually range from a few thousand to a couple of hundred thousand dollars. It should be enough to cover initial expenses like product development, marketing and operational cost.4.) Investors of pre-seed: They are typically mere risk-tolerant since the product is in it infancy. They include:i. Family and friends( often 1st source for many entrepreneurs)ii. Angel investors: individual who invest their personal funds in the startups, they have appetite for risk.iii. Incubators and Accelerators: programs that provide funding, mentorship and resources in exchange for equity.5.) Equity: paper-seed investors in exchange for their investment often receive equity in the company. This means they own a percentage of the startup and may have a say in business decisions as it grows.Difference Between Pre-seed and Seed feeding1.) seed funding typically functions as the official round of funding, it involves more formal investing and provides more instrumental growth after the pre-seed funding stage.2.) Founder tend to get higher investments through seed funding than pre-seed funding for instance pre-seed is $50000 to $250000 while seed funding $2million upward.3.) During the seed funding round , investors typically want the company to have gained a degree of traction while pre-seed funding precedes the product development in most cases.#3MTTlearning#3MTTNigeria#Productmanagement #Lasucbt18

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The Proven Power of Experience: Why the Average Founder of a Successful Startup is 45Author: George BregmanDebunking the Myth of the Young EntrepreneurIn the fast-paced and ever-evolving world of startups, there is a persistent myth that the path to success is paved by young, visionary founders brimming with innovative ideas. However, a groundbreaking study conducted by Harvard Business Review has shattered this preconception, revealing a surprising truth about the average age of successful startup founders.The Reality of Startup Founders' AgesContrary to popular belief, the average age of founders of new companies is not in the early 20s or 30s, but rather a more seasoned 42 years old. Even when narrowing the focus to startups that have secured patents, venture investments, or operate in the technology sector, the average founder age still hovers around 40 years old.The Pinnacle of Success: 45 Years OldThe most remarkable finding from the Harvard Business Review study is that the founders of the fastest-growing 0.1% of startups have an average age of 45 years old. This statistic holds true regardless of the metric used to define "rapid growth," be it an increase in employee headcount, sales volume, or successful exits through public offerings or acquisitions.The Power of Experience and MaturityThe data clearly demonstrates that experience and maturity are key ingredients in the recipe for startup success. Seasoned entrepreneurs possess a wealth of knowledge, industry connections, and problem-solving skills that younger founders often lack, allowing them to navigate the complexities of building a thriving business more effectively.Trailblazers who Defied the OddsThe study also highlights the stories of iconic entrepreneurs who achieved their greatest successes later in life, defying the conventional wisdom about the ideal startup founder profile. Steve Jobs, for instance, created his most successful product, the iPhone, at the age of 52, while Jeff Bezos saw Amazon's capitalization grow exponentially when he was 45 years old.Embracing the Advantages of AgeRather than viewing age as a disadvantage, successful startup founders are increasingly recognizing the advantages that come with experience and maturity. Older entrepreneurs possess a deeper understanding of their industries, more extensive professional networks, and a greater capacity for strategic decision-making – all of which can be instrumental in driving the rapid growth of a new venture.The Empowering Message for Aspiring EntrepreneursThe findings of the Harvard Business Review study deliver a powerful message to aspiring entrepreneurs: it's never too late to start. Whether you're looking to launch a new business or transform an existing one into a thriving startup, the statistics are on your side... Read next: https://lnkd.in/eVdRFdq3

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[Navigating through Entrepreneurship: StudentsCatalyst 2nd Forum 🚀 ]I am thrilled to have joined the StudentsCatalyst 2nd forum! This forum dives deep into the world of entrepreneurship, and to summarize it all up, here are a couple of key takeaways I received throughout the forum:Sociopreneurship Concept as explained by Ka Risky Altaresh- When creating a business, find a problem that connects to yourself. Make sure that the business shows your identity- Don't run away from a problem, look at it as an open path for us to solve that problem- Meet your dark times- It's better to have a small amount of people who are really interested in your business rather than a huge amount who aren't fully interested- Find your "why" and create this as a vision ahead!Funding & Upskilling Opportunities by Ka Darryl Ratulangi- There are different types of funding according to their stages, usually venture capital would fund a startup during its development stages. This includes times of operational rollout & when the startup is showing signs of growth- Not all businesses are suited to be funded by Venture Capital- Choosing the right instruments to fund your business is important! As these instruments have their degree of risk and return- In business, competition is not a bad thing, something that we create must have a competitive advantage- We don't always need to find new market opportunities, entering a market without any competitor isn’t always the best option Founder & Startup Essentials by Ka Joe William (汪奕峰)- Founder is the key to a successful startup!- Many factors can determine whether your startup will survive or not, it's not always profit- Find the right business partner for you. One that can complement yourself and have different skills than you. - Humans are bound to have a consumptive lifestyle, break the chain and make your lifestyle around becoming a founder- When finding a problem use these 3 steps: Find the market, understand the customer, list the problem that occurs- Your approach to a team member is really important, know your leadership brand!Lastly, I had the privilege of gaining insights from a talk show with Ka Andien Yudistira Gareth, Ka Raka Eka Pramudito, and Ka Fathia Fairuza where they shared their stories and journey towards success! Through this talk show, I learned the importance of setting standards for myself and embracing the mindset that there's no need to rush things, countless possibilities await in the future.Big thanks to StudentsCatalyst for organizing the second forum, featuring many incredible speakers who greatly expanded my knowledge and provided valuable insights! Here's to network, inspire, and go beyond!#studentscatalyst #scnb4 #peopleofsc #learning #softskills #entrepreneur

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Zero to One: Notes on Startups, or How to Build the Future, written by the legendary entrepreneur and investor Peter Thiel, is a groundbreaking book that provides invaluable insights and strategies for individuals looking to create innovative startups and disrupt industries. In this review, we will delve into the key features, benefits, and use cases of this thought-provoking book.One of the key features of Zero to One is Thiel's distinctive perspective on what it takes to build a successful startup. The book challenges conventional wisdom and encourages readers to think critically about the business landscape. Thiel's emphasis on creating something truly unique and valuable, rather than simply competing in existing markets, sets this book apart as a must-read for aspiring entrepreneurs.Zero to One is not just a theoretical exploration of startup strategies; it also offers practical advice and actionable steps for turning ideas into reality. Thiel draws from his own experiences as a co-founder of PayPal and an early investor in companies like Facebook to provide real-world examples and case studies that bring his concepts to life. Readers will find valuable insights on every page, whether they are seasoned entrepreneurs or first-time founders.The benefits of implementing Thiel's principles outlined in Zero to One are immense. By following his guidance, individuals can learn how to identify untapped opportunities, build durable monopolies, and create sustainable growth for their startups. Thiel's contrarian approach challenges readers to think differently, fostering innovation and creativity in an increasingly competitive business environment.The use cases of Zero to One extend far beyond the realm of startups. The principles discussed in the book can be applied to any business or organization seeking to carve out a unique position in the market. Whether you are a seasoned executive looking to drive innovation within your company or a budding entrepreneur with a groundbreaking idea, Zero to One offers invaluable insights that can help you navigate the challenges of building something truly revolutionary.In conclusion, Zero to One: Notes on Startups, or How to Build the Future, is a seminal work that deserves a place on the bookshelf of anyone with aspirations of creating something extraordinary. With its thought-provoking content, practical advice, and inspirational stories, this book has the power to catalyze innovation and drive success for individuals and businesses alike. Embrace Thiel's vision of going from Zero to One, and unlock the potential to build the future you envision.And that wraps up our review! Don't forget to hit that like and subscribe button for more awesome content. Your support means the world to us. For more information, check the link in the description.Check out the product here: https://lnkd.in/eKHHtqHB

Entrepreneurship and innovation: Ideas and opportunities for startupsEntrepreneurship drives economic growth and shapes the future.1.Disruptive technologies continue to shake up the status quo in the 21st century. Innovative people with the ability to identify opportunities and execute ideas effectively are propelling the world economy into new stages that will potentially change humanity's trajectory for decades or even centuries to come.In addition to bringing much-needed innovation to the global marketplace, entrepreneurs are responsible for a significant amount of value in the world economy. In fact, small to medium-sized enterprises–SMEs–and the entrepreneurs who lead them account for 55% of GDP in developed countries. More than 90% of businesses worldwide are SMEs, employing half the world's population.However, there's a lot to learn on the path to becoming a successful entrepreneur.In this article, we'll delve into entrepreneurship, methods for generating startup ideas that offer innovation opportunities, and raising funds through venture capital and angel investors to support growth strategies for your innovative ideas.Introduction to entrepreneurship and business innovationEntrepreneurship refers to the process of identifying and pursuing opportunities to create and manage new businesses or ventures. Entrepreneurs are individuals who take the initiative to innovate, organize resources, and take risks in order to bring their ideas to life and achieve success in the business world.Innovation is the lifeblood of entrepreneurship. What that means is to succeed you should develop and implement creative ideas, products, services, and processes that add value or improve existing solutions.Innovation is vital for businesses to survive in today's competitive landscape.2.It helps businesses adapt to change, fosters growth, and separates a business from its competition.Identifying startup opportunitiesAccording to world-renowned consulting firm McKinsey, the three main elements are knowing your who, what, and how.3.Let's explore this further.The who:Identify the customers and what pain points they need to be addressedThe what:Pinpoint how to solve these pain points and fill gaps in the market in a compelling and executable wayThe how:Create a business model canvas that generates valueThe first step in identifying the who, what, and how before generating startup ideas is to do a market analysis that'll help you understand your market, its needs, and any gaps you can fill. 4. Idea generation and innovation strategiesThe word innovation is often used interchangeably with creativity, and that's precisely what you'll need to create an innovative business idea. Here are a few techniques for creating business ideas and fostering an entrepreneurial mindset.Brainstorming#StartUps #Entrepreneurship #Brainstroming #Ideas #Innovations #Fintech #DigitalBanks #EMI #PSOPSP #Tech #Investments #Mindset

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-STARTUPS FAIL, ENTREPRENEURS DON'T! The EDP session yesterday with Aryan Kumawat sir was so influencing that I'm actively evaluating about it.Aryan sir shared his insightful perspectives on the theme of Entrepreneurship.🌟Who is an entrepreneur? Why should I be an entrepreneur? How to get the idea? How to validate the idea? and, How to work on its design thinking?These were few questions concisely explained by Aryan sir!He also shared few myths's and their reality associated with Entrepreneurship.❌MYTH 1-If i have an million dollar idea, I will get funded.✅REALITY- Idea don't get funded, it's the team,the business model,the solution,the opportunity that gets funded.❌MYTH 2- All startups are funded.✅ REALITY- 99 of 100 startups would die. Only 1% of remaining ones get funded.❌MYTH 3- You should startup if you think you've a great idea.✅ REALITY- Ideas are dime of dozen. An entrepreneur would startup when is able to identify a big problem, posses the right skill set.❌MYTH 4- A great innovation or a great product is a great business.✅ REALITY- Business model is what makes a great business. An innovation/product might solve a problem but to become a great business, the model has to be financially viable.❌MYTH 4- I want to be my boss and startup will give me money and fame.✅ REALITY- You will be alone, broken, frustrated and will always be juggling.Right from customer to employees to investors everyone will be your boss.🌟 DESIGN THINKING- You all must be wondering about what is design thinking?Is it thinking about the design?🤔 yes many of us think this way!But to elucidate- Design thinking is the way how designer think🌟It is a HUMAN CENTRIC ,PROBLEM SOLVING FRAMEWORK.To simplify- Jump into the shoes of the user/consumer and think what he wants or think about the perspective of user.How do you apply Design Thinking?🌟1. EMPATHIZE- to understand the sentiments of customer.🌟2. DEFINE- to explain the meaning or nature of idea clearly and precisely. 🌟3. IDEATE- to generate and develop ideas or concepts. It involves brainstorming, thinking creatively, and exploring potential solutions or innovations.🌟4. PROTOTYPE- it is an initial or preliminary model of a product used to test and validate concepts, features, and design before full-scale production or implementation. 🌟5.TEST- this involves conducting experiments,or assessments to gather data and insights, often to ensure that a product or idea meets specified criteria or functions as intended.🌟6.IMPLEMENT-It involves executing or carrying out the necessary actions to make a strategy or solution operational and functional.Aryan sir's session truly encouraged me and enchanced my comprehension about the idea of entrepreneurship.I sincerely appreciate the efforts put by JECRC University and JECRC Incubation Centre for conducting this session!🌟

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I’ve been working with early-stage ventures for several years and would like to share some observations with founders, aspiring founders, and entrepreneurs looking for their next or first venture.While entrepreneurs come in many shapes and sizes, a few categories seem to recur. The first is the visionary entrepreneur: someone who discovers a game-changing idea or technology with real potential to benefit the world. These entrepreneurs are highly motivated, driven by a deep belief in their idea, and either possess the technical expertise or are committed to building a team around their vision. These are the founders who are often primed for success because their passion keeps them focused, even through challenges.Another common group I call the rainbow chasers. These individuals may have been drawn to entrepreneurship by the allure of success stories and wealth, but they lack a specific, compelling vision. They pivot frequently, hopping from idea to idea, never staying with one long enough to see it through. Without that essential inspiration, they struggle to commit to the long-term journey a successful venture requires.Then there are the steady builders, who approach entrepreneurship more like a job. They may lack the spark of a visionary but are willing to follow a path methodically. While they often create stable, lifestyle companies, they rarely generate the kind of breakthrough ventures that become unicorns or transformative successes.If you’re considering launching a science or technology-based venture and find yourself in the first category—the visionary with a strong, focused drive—we want to talk to you. If you’re in one of the other categories, find the idea that truly moves you, and when you do, we’re here to help you bring it to life. Success requires commitment, a team, and a product that engages customers. That’s what builds a venture that can make a real impact in the economy and beyond.

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