Odisha Channel Bureau
BHUBANESWAR: XSeed, the idea and initiative cell of XIMB organised `Kickstart-Entrepreneurship Awareness Drive 2017’ here on Sunday.
This drive was aimed at inspiring the future entrepreneurs to shape their ideas into successful start-ups and to make the students of XIMB-XUB aware of the opportunities as well as the challenges faced in Entrepreneurship.
The speakers for the occasion were Nitin Jain (Co-founder, OfBusiness), Pranjal Parashar (Founder, Repup.co), and Arvind Pani (Co-founder, Reverie Inc.).
Nitin Jain was the first speaker of the day. He shared with the students his personal mantra and the things an entrepreneur would need in order to succeed in a startup. His formula of (MR)P emphasised on the importance of mindset, risk taking, and how perseverance can enhance the startup’s success exponentially.
“Timing of the idea is more important than the idea itself,” he advised the students. He ended his talk with a simple note that learning the fundamentals would take you a long way.
The next speaker was Pranjal Parashar. “When trying to solve problems, ask if the problem is worth solving”, he said.
He insisted on formulating standard processes and adhering to them religiously. He stressed on the fact that 80% of the success is linked with the execution of the idea.
He also mentioned that we need to utilize the growing access to market, talent, and capital in our current economy. He ended the speech by asking the budding entrepreneurs not to build a product because it is cool but because it would be useful for the consumers.
The third speaker of the day Arvind Pani started with an interactive discussion on how a paradigm is formed.
He urged the students to not have a sense of entitlement. “Fear is the biggest thing that prevents us from becoming an entrepreneur,” he stated.
He also discussed key elements of a start-up like the transition from corporate to start-up environment, the importance of choosing the right co-founders, fund raising, team and culture, and most importantly, integrity.
“If faced with choices, then choose the most difficult choice,” he advised the audience.
The speeches were followed by an extended, interactive question and answer session. Professor D.V. Ramana ended the session by sharing his views and learnings. He added that Entrepreneurship has actually transformed itself from the business jargons and conventional norms.
The event concluded with a vote of thanks proposed by Karunaditya Tripathy, coordinator of XSeed.