This was presented at Thakur College of Engineering and Technology as a basic means to introduce students to Entrepreneurship. It covers everything, from starting with the Idea to Deployment.
3. WHAT’S OUR STORY?
TEAM EOTO
From Left:
- Parth Shah (Exec. Editor)
- Aakash Jhaveri (Chief Evangelist)
- Vikrant Patankar (Exec. Producer)
- You know me!
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4. WHO IS AN ENTREPRENEUR?
He’s an Entrepreneur!
Jeff Bezos
CEO of Amazon Inc.
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5. WHO IS AN ENTREPRENEUR?
He’s an Entrepreneur!
Vijay Shekhar Sharma
CEO of PayTM
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6. WHO IS AN ENTREPRENEUR?
He’s an Entrepreneur!
Your Grocery Store wale
Uncle!
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7. WHO IS AN ENTREPRENEUR?
He’s an Entrepreneur!
The Bhel Puri wala!
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8. Entrepreneur-ship!
A person who sets up a business or businesses,
taking on financial risks in the hope of profit. Also
known as Businessman / Tycoon.
The activity of setting up a business or businesses,
taking on financial risks in the hope of profit. Also
known as Business.
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9. HOW TO GET STARTED?
1. Idea!
2. Business Model
3. Team
4. WORK
5. Overcome
6. Eureka!
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10. BEFORE YOU START OFF…
Clear out Legal Aspects (Partnership Deeds, Company
Registration, Contracts / Agreements, Patents / IPs)
Understand your Business / Revenue / Income Model
Get INVESTMENT!
A. Bootstrap
B. VC / Investor
C. Angel Investor / Incubator
Get started!
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14. VALUATION
“Unlike valuing companies with revenues,
assets and longer track records there is no
agreed upon standards
for startups. Valuation of a pre-revenue
company is often one of the first points of
contention that must be negotiated between
angels and entrepreneurs.” - Forbes
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15. VALUATION
Back in 2014, Xiaomi received $1.1 Billion in
funding and was valued at a whopping $45B while
investors were aiming at valuation increasing two-
fold to $100B. But, in two years, today Xiaomi is
valued less than $4B. Obviously, multiple factors
are responsible for the fall of Xiaomi, often dubbed
as “Apple of the East”.
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CASE STUDY:
16. REVENUE / REVENUE GROWTH
A Business needs to sustain. For sustainability, you require
Profit / Income. If you’re in loss for a long period, it’s not
business.
Revenue growth is necessary, but it needs to be along with
Profit. Positive Revenue Growth along with negative Profit
is of no use to anyone.
It’s good that your business crossed $1 Billion in revenue,
but it’s of no use, because you lost $250 Million at the
same time.
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