When reports came out that Patanjali Ayurved Ltd (PAL), promoted by yoga guru Baba Ramdev, had recorded gross revenues of ₹2,500 crore (around $380 million USD) in fiscal 2015, business strategists and journalists went into a tizzy.
Several MBA applicants targetting the top bschools in the world, who work with MBA Crystal Ball admission consultants have dabbled in entrepreneurship in some form or another. Some do it on a full-time basis either because of inheritance (family business background) or because they were first generation entrepreneurs who decided to launch their own start-ups. … Read more
Though we obsess about corporate jobs with high salary packages, a large percentage of men and women in India get their income from small business ideas that they’ve tapped into to launch their small-scale home businesses. Some of them are gender specific, while a large number aren’t. Some of them may require an upfront investment, … Read more
Even the best startups in India and abroad, that are now on the cusp of taking off on a growth trajectory venture capitalists love, have struggled with the fundamentals at some stage. The folks who bear the immediate brunt of these teething troubles are the startup employees. Those intrigued by the phenomenal growth prospects that … Read more
Entrepreneurship can be among the most rewarding and demanding career options anyone can take up. With the rewards come the challenges as well. While most of the issues highlighted by entrepreneurship blogs focus on general problems that aren’t gender or region specific, the problems faced by successful women entrepreneurs in India isn’t talked about much. … Read more
While many dream of entrepreneurship, there are reasons why MBA students won’t start their own companies immediately after graduating. For such folks who aren’t ready yet to embrace true-blue entrepreneurship, thanks to their MBA education loans, there is another option. Join a start-up.
Family business management in India has it’s own unique set of challenges, succession planning being one of top ones. The other being in the area of human resources. Employees working in family business will constantly have the temptation to leave and join a mainstream corporate environment where the work culture and incentives are a little … Read more
It’s a common topic for group discussions and MBA interviews. ‘Entrepreneurs are born not made. Discuss.’ says the moderator and the shortlisted candidates (who’ve never had any exposure to entrepreneurship) take off on a passionate and aggressive spiel. If you’ve ever see the MTV Roadies audition rounds, you can visualise what’s happening. Unfortunately, the evaluation … Read more
Here’s an intriguing phenomenon. We have seen the same trend in applicants who work with us on the MBA Mock Application Process (MBA MAP). A significant number of MBA applicants explicitly list entrepreneurship as a post MBA goal in their admission essays. They do a fantastic job in explaining the brilliant entrepreneurial idea they have … Read more
The NYU Stern MBA program at New York University might be known as one of the best Finance programs in the world. And being located in the commercial capital gives it a huge advantage – career opportunities in the financial services industry with investment banks doling out the best salaries and bonuses in the business. … Read more
In India, family owned businesses have done very well. They generate a lot of jobs and keep the economy growing. Millions of employees work with a single entrepreneur managed or family businesses. Quite a few of such family businesses grow into empures, big enough to take on the might of the best multinational companies. But … Read more
Guy Kawasaki has been there, done that, several times over. He shot into the limelight in the mid eighties as the evangelist for Apple’s Macintosh. After a brilliant track record there, he moved on to become a successful serial entrepreneur launching technology businesses ranging from databases (4th Dimension) to content aggregating websites such as Alltop.com. … Read more