Plan and Project, to Propel and Prosper
At initial stages, new ventures generally do not have much of conceptual, past revenues, or assets as is required to prove credibility for bank funding.
With the emergence of knowledge-driven economy, entrepreneurial process turned out to be technology driven
The emergence of entrepreneurs takes place with the opportunities originating from the social, economic, and political environment.
Implementation of technology by entrepreneur involves access to information and research fields. With the advent of startup promotion schemes, early stage entrepreneurs with funding agencies as the support, try to develop and deploy technologies to solve specific customer problems. This process further requires other stakeholders to handhold the entrepreneur further in order to minimize the risk of losing the sustenance of the startup.
Uncovering a new function in a prevailing resource, using an unknown method making it valuable enough to compete in market, we have innovation there and the firm is entrepreneurial.
Value proposition, Customer Traction, Business model, Availability of funding options, Product market gap and pivot, Product placement in market, Feasibility assessment and Consistent position in market
Identify gaps and opportunities, a comprehensive report that includes a project plan with timelines and milestones, a cost analysis, and a schedule.
Business mentors are key— Mentors act as navigators, Mentors can provide unbiased views. Mentoring is a consistent process- while you may not need one all the time, but just the fact that having an experienced one who you can reach out to any time provides great comfort.
B. Tech in Dairy Technology and a Masters degree in Business Entrepreneurship
at National Project Management Unit (NPMU)
of Prime Minister Formalization of Micro food Enterprises (PM FME) Scheme
under Ministry of Food Processing Industries (MoFPI)
at Indian Institute of Food Processing Technology,
Thanjavur, Tamil Nadu, India.