blog Entrepreneurship | 5min Read

9 Tips From An Entrepreneurial Workshop for a Successful Start-Up

Published on October 7, 2021

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9 Tips From An Entrepreneurial Workshop for a Successful Start-Up

Entrepreneurial workshops have one thing in common – they are run by a set of successful  entrepreneurs. During the program, each of them has experiences to share, failures they encountered,  and how they made a start-up possible. They teach students of this century, how to actually mitigate  risks and elevate them to success.

Ideas are easy, implementation is hard.

An entrepreneur is someone who has a vision for something and a ‘want’ to create it. The best start-ups generally come from someone who dares to convert a perceived risk into an asset. But there is a reason why some start-ups take off while others crash and burn. Just passion and a clever idea are not enough to build yourself a great story. Diligence, hard work, efficiency, and resources all play a significant part in turning an idea into an epic success story that inspires others. And then there’s that secret ingredient.

It is not about ideas. It is about making ideas happen.

Entrepreneurs should have the gift of seeing things in the present, even if they are in the future. To start a
successful start-up three simple things are needed – An idea, people who want your idea, and a burning desire to succeed.

Here are 9 tips from an Entrepreneur Workshop that will help you in your entrepreneurial journey:

1. Time Management

Managing time efficiently is the hallmark of a successful venture. Judicious allocation of time and  resources implies a well-thought-out plan and a smooth-oiled work culture. Prioritizing time, resources,  and personnel based on the tasks at hand will also ensure that important tasks will get done.  Remember, time is money! 

2. The Right Work, By The Right Person

Working on the right thing, by the right person is probably the only thing more important than working  hard. Trust your instincts and do not hesitate to delegate when the situation calls for it. Do not be afraid to  assert yourself. Have confidence in your abilities. Every time you state what you want, it is a message to  both you and the others about what you think is possible. In the end, nothing should deter you or your  team from giving the best. Each member of the team should work to understand exactly where their  strengths are and work together to ensure that every task gets completed by the person with the best  expertise.

3. Grow Intelligently

All that goes up must come down – but the time you spend staying up is always in your hands. Even  if you do not have the perfect idea to begin with, you can likely adapt. Invent and reinvent. Constantly. 

Grow intelligently and not just rapidly. Setting high expectations, especially of oneself, and living up to them is the key to success. Plan your growth, chart out your goals, and work towards achieving them.

4. Meet, Network, Share

 

 

The start-up community is a close knit group. Seek out fellow entrepreneurs and talk to them about the challenges and thrills you are facing on your entrepreneurial journey. Networking events and social media is a great platform to meet entrepreneurs and learn about their experiences. Networking also provides an opportunity to form valuable partnerships or collaborations. And an Entrepreneur Workshop like Ivy Early Entrepreneur is the best place to grow your network and find mentors.

5. Mentorship

A little help, timely advice and encouragement goes a long way in helping you do better. A good mentor  is a critical asset. Mentors share knowledge, valuable contacts and invaluable nuggets from their oodles  of experience that helps you hack through the thickets of start-up struggle. A mentor is your guardian  angel. Every start-up team and every seasoned entrepreneur needs one good mentor. 

6. Health Is Wealth

The importance of health cannot be overstated. With the obvious workload of running a fledgling start-up  comes the added burden of hopes, aspirations and expectations of many. All this can create a very  stressful environment that has the potential to impact your health adversely. But remember, your health  is what is keeping everything afloat. Take care of your health and everything else will take care of itself.  Eat healthily, take time-offs, exercise regularly, and meditate.

7. Look After Your Finances

While it is important to chase the vision and not the money, managing your finances is of paramount  importance. With increased revenue generation comes many temptations – increase the office space, hire  more resources, buy new machinery etc. But decide on the wants with a very level-headed why. Ensure that  your earnings can absorb the cost of growth. 

8. Execute, Execute, Execute

 

Preparation is important, but the execution is even more important. What sets apart a successful venture is the ability to execute an idea rather than just pitch the idea alone. Execution of an idea tests the concept and helps to critically analyze the plan. Execution also serves as a reality check and helps you to fine-tune your initial idea and incorporate improvements into the model. The best execution geared with the perfect timing results in a successful business.

9. The Secret Ingredient...

The value of an idea lies in the use of it. There are plenty of resources and technological support to help  budding entrepreneurs bring their idea to life. Start-up accelerators, specialized courses, mentorship  programs, and workshops help you to run before you even learn to walk.  

Entrepreneurial Workshops’ curriculum will help you develop an understanding of the major functional  areas of a business. They will also train you in managerial decision-making in a business simulation and  teach you important lessons on success and failure from an integrated case study. 

Big Red Education and our Ivy Early Entrepreneur Program

In our entrepreneurial workshop – Ivy Early Entrepreneur, students go through the process of business development and leave the entrepreneur program having completed a business model canvas, competitive analysis, financial model, minimum viable product, and a pitch deck.

Students get an opportunity to learn from successful entrepreneurs who are alumni of reputed universities and are experts in their respective industries.

These experts serve as coaches guiding students through the processes of developing a business concept. Risk-Taking, Decision Making, Critical Thinking, Problem Solving, Communication &

Storytelling, Design Thinking & Innovation, and Opportunity Recognition are a few of the key learning areas of our program.

On successfully completing the entrepreneur workshop, the guaranteed internship will be extended to all the students within our partner firms and with most of the mentors teaching the program. Students will be provided with a certificate of participation by Big Red Education. This certificate can be used for your college portfolio.

Ivy Early Entrepreneur

11th – 17th Jan 2022

Idea Generation | Market Research | Design Thinking | Pitching

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blog Entrepreneurship | 3min Read

Starting Early, Starting Young – How To Launch A Start-Up?

Published on July 14, 2021

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Starting Early, Starting Young – How To Launch A Start-Up?

“The best way to predict the future is to create it.”

Entrepreneurship is not just about ideas – it is about making the ideas happen. It is about facing challenges regularly and overcoming them. It is about fighting to see your idea turn into a success story. 

So how do you make an idea happen?

How To Launch A Startup

The first & perhaps the most important step in your entrepreneurial journey is to identify your skill & work on converting it into a successful venture. Be so good at something that the world will pay you for it. 

The next important step is to find your target customer base. After all, if you have something to sell, you need someone to sell it to.  

When you have a skill and a customer in want of that skill, focus on completing the project in the best possible manner. Make sure that you deliver and deliver well. Let your service define you. Then, find another customer based on the strength of the work you have done. Once you have a stream of regular customers you are set. 

You just need one skill. Find customers who need that skill and go!

Start Young, Start Smart

Starting young gives you an early-bird advantage and having a mentor to guide you goes a long way in establishing your business. Here’s a fun fact for you: Did you know that more than 40% of successful entrepreneurs start young? Interesting, right? Well, here’s one more: Did you know that 92% of entrepreneurs agree that mentors have a direct impact on the growth and survival of their business? Wow! 

The Young Business Academy program can provide you the mentorship and the guidance you require to kick-start your entrepreneurial venture. 

It is a 6-months program that provides young leaders a platform to solve challenges that bother them, create solutions that are unique to them, and most importantly, it urges them to go beyond just ideating. An idea is only as good as its execution, but execution requires the right set of knowledge and motivation. For learning to be truly transformational and for skills to be picked up and mastered, young leaders need immersion, direction, and commitment. Our program combines all that and brings young leaders and young entrepreneurs the platform to start their entrepreneurial adventures and start strong! 

The Young Business Academy was created to democratize entrepreneurship in India by enabling entrepreneurs across ages and industries to not just think and wonder but to allow them to see their entrepreneurial idea through and to experience the whole entrepreneurial adventure!

  • Our Solopreneur Roadmap will lead you all the way from building your foundation to getting well-paying clients. The program is structured in 3 phases:

    • First Phase: You will focus on building a rock-solid foundation for your business, from identifying the target audience to figuring out price strategies.

    • Second Phase: Here you will build on it further and create a foolproof engine for your system that will help you every step of the way.

    • Third Phase: Here you will ensure the system is ready to be launched by looking at components such as payment links and taxes. You will finish the adventure strong with your new and improved system!

Apply now and in just 180 days, watch your entrepreneurial idea develop into a well paying business!

Big Red Education and our Ivy Early Entrepreneur Program

In our entrepreneurial workshop – Ivy Early Entrepreneur, students go through the process of business development and leave the entrepreneur program having completed a business model canvas, competitive analysis, financial model, minimum viable product, and a pitch deck.

Students get an opportunity to learn from successful entrepreneurs who are alumni of reputed universities and are experts in their respective industries.

These experts serve as coaches guiding students through the processes of developing a business concept. Risk-Taking, Decision Making, Critical Thinking, Problem Solving, Communication &

Storytelling, Design Thinking & Innovation, and Opportunity Recognition are a few of the key learning areas of our program.

On successfully completing the entrepreneur workshop, the guaranteed internship will be extended to all the students within our partner firms and with most of the mentors teaching the program. Students will be provided with a certificate of participation by Big Red Education. This certificate can be used for your college portfolio.

Ivy Early Entrepreneur

11th – 17th Jan 2022

Idea Generation | Market Research | Design Thinking | Pitching

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blog Entrepreneurship | 3min Read

Crash Course On What Really Makes a Person an Entrepreneur

Published on May 19, 2021

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Crash Course On What Really Makes a Person an Entrepreneur

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What makes a person an entrepreneur? Is it genetic? Can you trap it?

The word “entrepreneur” nowadays, appears to be thrown around anywhere for anybody doing anything. It’s used to explain celebrities and commercial enterprise tycoons like Beyoncé, Elon Musk, Marie Kondo, and Jessica Alba. But your cousin who keeps mentioning his idea for coffee-flavored toothpaste would possibly make the list too!

Entrepreneurs pop-up in all varieties of industries and may have broadly distinctive backgrounds. Some construct personal brands, while others work tirelessly on a physical product they believe in. Really, all and sundry may be an entrepreneur, given that there’s an idea and the proper gear to develop it right into a purposeful commercial enterprise.

It really is the result of grit, determination, and a fair bit of luck. Entrepreneurs are often outlined as “trailblazing,” “innovative,” “problem-solving,” “passionate,” and on and on. These may all be tendencies that entrepreneurs can strive for. But, at its core, an entrepreneur is a person who sees a need and takes at the financial chance to begin a business to fill that need.

Your concept may take the shape of a physical product with a physical store — known as a brick and mortar commercial enterprise. Or as opposed to a tangible product, your project could be a countrywide empowerment network.

There’s also been a shift in the worldwide job market that has opened the door for entrepreneurship to emerge as more mainstream. Specifically, the rise of the Gig Economy. Contract work, known as gigging, has become more popular and is taking on greater of the labor market. Where, instead of a long-time period wherein employees are paid salaries through the hour or year, agencies are quickly hiring humans for particular projects. This shift has made it financially less complicated for marketers to locate people to get their companies going, without committing long-time to pay the employees.

Entrepreneurs itch for extra independence. In the gig economic system, you can have multiple methods to make cash, with or without that nine-to-five job. Having separate jobs also can offer a stronger sense of income security than one full-time job. Even if you lose one, you will still be making money. All hail the side-hustle!

Today’s entrepreneurs are well-suited for the economic system because we understand the way to hustle. We’re unbiased thinkers who are comfortable with growing our numerous income streams, advertising and marketing ourselves, and connecting with others.

Even still, entrepreneurship isn’t easy. Taking a monetary gamble is stressful, and so is operating lengthy hours to try to get a mission off the ground. However, as entrepreneurs we believe in ourselves. Yes, there’s economic danger in beginning an enterprise, but there’s money in running a successful one. Entrepreneurial lore is full of rags-to-riches tales, in which human beings pitch the subsequent Snapchat and are released into the enterprise stratosphere. Like, Oprah Winfrey has stated, she spent her early life wearing overalls made of potato sacks. But today, she has become North America’s first black multi-billionaire and “Queen of the Daytime Talkshow.”

But we also need to keep in mind that every entrepreneur with a big success has additionally had masses of failures. It’s not that successful entrepreneurs in no way faced failure; it’s that they didn’t quit. So the bottom line is that every person can be an entrepreneur with a touch of grit, loads of determination, and a bit of luck.

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blog Entrepreneurship | 4min Read

10 Benefits of Immersive Entrepreneurship Workshops

Published on May 5, 2021

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10 Benefits of Immersive Entrepreneurship Workshops

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Early Entrepreneurship has emerged as an interesting subject amongst young students to learn in India. As job opportunities become more scarce as a consequence of Digital Transformation and population growth, entrepreneurship can be seen as a viable career choice among the current generation.

Google defines an entrepreneur as, “ a person who sets up a business or businesses, taking on financial risks in the hope of profit.” But they are so much more than that, they are the real risk takers and motivated to bring a change. An entrepreneur is also thought of as a creator of new concepts, products, services, and business/or procedures.

Are you wondering if you can be one? The answer is, YES!

There are various Early Entrepreneurship workshops in India set up for students to not just learn how to start a business but to inculcate the entrepreneurial mindset amongst the youth of this country. These workshops are a source of learning & experience from successful entrepreneurs and even alumni of Ivy League colleges who help you tap into your creative potential and build a strategic thinking mindset.

Here are a few benefits of an Entrepreneurship Development Programme :

  1. Sparks Creativity : Creative people often solve a problem in a unique way, and this is what can set you apart. Early Entrepreneurship Workshops shape you into a more capable individual equipped to face the realities of the outside world by promoting creative thinking, innovation, and collaboration.

  2. Promotes Effective communication: Effective public speaking skills can help you advance in your career by demonstrating creativity, strategic thinking, leadership abilities, poise, and integrity, all of which are highly respected in every industry. The Effective Communication workshop gives you the opportunity to observe how different people communicate. You’ll soon discover that everyone has their own unique style and interests.

  3. Inculcate Basic Life Skills: Entrepreneurship education teaches you critical life skills such as problem solving in a novel way, resolving real-world challenges, coordination and teamwork, and many others. All of these life skills that determine your personality are impossible to acquire from conventional book and classroom studies.

  4. Effective Leadership development: A good leader is always required to guide the world. If you are motivated to make a difference you will undoubtedly succeed in forging a new Path. These courses strive to incorporate leadership skills in you and help you to begin thinking like a leader while learning about entrepreneurship skills at a younger age.

  5. Helps you learn time management: Working smarter rather than harder is possible with good time management. It prevents procrastination by ensuring that you understand the things on your to-do list and when they must be done. Efficient time management can improve your productivity as well as your personal life.

  6. Opportunity Recognition : Opportunity recognition is a process of actively seeking and perceiving opportunities for new products and services. This is a very crucial aspect of an entrepreneur’s life and therefore learning this intellect process helps you grab onto new opportunities and realise the worth of them.

  7. Makes you a Risk-Taker: Taking chances in entrepreneurship generally requires meticulous preparation and dedication. Learning how to experiment with ideas and being brave enough to make mistakes is one of the best things you can learn at an early age. These workshops give you a platform to experiment, fail and retrospect so that you know how to overcome the challenges.

  8. Decision Making: Early Entrepreneurship programmes aids in the discovery and growth of managerial talent, which is one of the most important and valuable benefits. You learn how to make affirmative decisions for your career as well as for yourself in terms of personal and professional growth.

  9. Prepares you for the outside world: New innovations are advancing every day in the volatile and evolving economy, and your generation is progressing in an uncertain future. It may take years for you to master a specific trade or skill, but it may vanish from the market over time, wreaking havoc on your careers. Therefore, Learning about prospecting, planning and implementation processes will prepare you for your entrepreneurial journey.

  10. Opportunity to learn from professionals:There are few entrepreneurship development programmes that have very qualified Ivy League Mentors. These qualified mentors have vast experience in their domain because of which they can share valuable lessons, case studies, facts & figures from their experience along with providing opportunities for your future which may help you as a guiding path for lifetime.

Every child has a dream in his eyes, but only a few venture towards it. Some lack opportunity while a few lack right guidance and a good mentor. That’s why Big Red Education brings you the Early Entrepreneurship workshop. As we understand the value of your first step into your big journey of owning a billion dollar company one day. These workshops are held under supervision of qualified professionals and provide the certifications to the students participating in it. There have been thousands of students and hundreds of schools participating in this reputed workshop. Do read the testimonials by our beloved students from previous batches. So, What are you waiting for? Why wait for tomorrow if you can do it today?!

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blog Entrepreneurship | 3min Read

5 Indian Entrepreneurs Who Started As Teenagers

Published on February 17, 2021

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5 Indian Entrepreneurs Who Started As Teenagers

Seeing young businessmen in their twenties is not unheard of. It is indeed very inspiring to hear of young people starting up their own businesses. In fact, there are some teenagers who started their businesses as student entrepreneurs. Let’s review five teens who started their own companies because they had a vision, they wanted to succeed and believed in themselves!

1. Ritesh Agarwal

No introduction is needed for Ritesh Agarwal, the “OYO Rooms” brainchild. Ritesh (27) began his career at the age of 17 as a star in the online marketing industry. Oravel Stays’ concept was to give a budget hotel room to a budget traveler. Its name was later changed to OYO. The company began with 11 rooms in a Gurgaon hotel and now has over 65000 rooms in around 5500 properties located in approximately 170 cities in India. According to the ninth edition of the Hurun Global Rich List 2020, Ritesh Agarwal is the world’s second-youngest self-made billionaire after cosmetics queen Kylie Jenner. People like him have been taking entrepreneurship in India to new heights.

2. The Kumaran Brothers

How early is too early for a startup? This question is meaningless to

 Shravan Kumaran and his younger brother Sanjay Kumaran since they have been running a successful business since 2012, when they were pre-teens. They are known as the youngest Mobile Application Programmers in India and are among the youngest in the world. This sibling duo has been making apps for both Android and iOS applications and has produced over 11 applications as well as published a range of Windows applications. With this, they’re not only making their parents proud but also setting examples of leadership for students

3. Advait Thakur

Advait Thakur is a computer programmer and a teenage Internet entrepreneur. Thakur became the CEO and founder of Apex Infosys India at the age of 12. His life story is absolutely unusual from other kids. He is not only a successful tech entrepreneur, but also is working with Google’s AI and Cloud forum and is a Google, Bing, and Hubspot certified professional. Wikia’s Young Entrepreneurs Under 20 list of 2017 ranked him at 4th place. Apex Infosys India is primarily involved in AI, ML, and IoT Sector that provides Digital Solutions. At 14, he developed “Technology Quiz”, an app to help kids learn about science and technology.

During his school years, Advait developed an app named “Autism Awareness” for Google Assistant which allows people to learn about autism, other similar disorders, and their symptoms. He has been recognized as ‘Top 10 Young Entrepreneurs in India 2018’ as well as ‘Most Influential Google Marketing Professional of 2019’. Today, it is easier for a student to go on paths like these through Mentorship programs, Leadership workshops, Summer Schools, and Entrepreneurship Workshops in India which provide you with the right knowledge in a wholesome interactive learning environment.

4. Sreelakshmi Suresh

At around the age of 10, Sreelakshmi Suresh, the youngest web designer and CEO in the world received various accolades in setting up “eDesign,” a company providing SEO, web design, and other Web-related services. She has created more than 100 websites for renowned organizations and institutions. These young minds have written wonderful and powerful entrepreneurial tales. With this, she has broadened her horizon, demonstrated good deeds, and earned respect, applause, and worldwide recognition for herself, thereby laying a foundation for many aspiring student entrepreneurs in India. 

5. Trishneet Arora

In 2013 at the age of 19, Trishneet Arora became one of the youngest “ethical hackers” in the world and started his company “TAC security”. The India-based organization evaluates and checks for organizational vulnerability in order to provide protection to corporations against network vulnerabilities and data theft. His clients include Reliance Industries, Punjab Police (India), Gujarat Police, and the Central Bureau of Investigation. Arora was also one of GQ Magazine’s 50 Most Impressive Young Indians.

Luckily, for the rest of us, it’s not too late. Organizations like The Big Red group provide Ivy league counseling as well as several entrepreneur workshops in India like the Ivy Early Entrepreneur program which helps students in taking the first step towards their successful entrepreneurial journey and keeps them ahead of the rest of the crowd.

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