Definitions : Entrepreneur

Entreprende to undertake

An entrepreneur is a person who is responsible for setting up an
enterprise. He is one who has the initiative, skill for innovation and who looks
for high achievements. He is a catalytic agent of change and works for the
good of people. He puts up new Greenfield proects that actually creates wealth,
opens up employment opportunities and fosters other sectors.

!he entrepreneur is a critical factor in the socio"economic change. He is
the key man who envisages new opportunities, new techni#ues, new line of
production, new products and co"ordinates all other activities.

$. %. &. 'ay

An entrepreneur is the economic agent who unites all means of
production, the labour force of the one and the capital or land of others and who
finds in the value of the products which results from their employment, the
reconstitution of the entire capital that he utilises and the value of the wages,
the interest and the rent which he pays as well as profit belonging to himself.

(. !he )ew Encyclopaedia defines an Entrepreneur as

An individual who bears the risk of operating a business in the face of
uncertainty about the future conditions.

*. %oseph A. 'chumpeter

!he entrepreneur in an advanced economy is an individual who
introduces something new in the economy a method of production not yet
tested by e+perience in the branch of manufacture concerned, a product with
which consumers are not yet familiar, new source of raw material or of new
markets and the like.

!he function of an entrepreneur is to reform or revolutionise the pattern
of production by e+ploiting an invention or more generally an untried
technological possibility for producing a new commodity.


,. -eter Drucker defines

An entrepreneur as one who always searches for change, responds to it,
and e+ploits it as an opportunity. Entrepreneurs innovate.

./nnovation is the specific tool of entrepreneurs, the means by which they
e+ploit changes as an opportunity for a different business or a different
service. /t is capable of being presented as a discipline, capable of being learned,
capable of being practised. Entrepreneurs need to search purposefully for the
sources of innovation, the changes and their symptoms that indicate
opportunities for successful innovation. And they need to know and to apply
the principles of successful innovation.0

1'ystematic innovation consists in the purposeful and organised
search for changes and in the systematic analysis of the opportunities such
changes might offer scope for economic and social innovation.2

3. 4rancis walker

!he true entrepreneur is one who is endowed with more than a average
capacities in the task of organising and coordinating the various other factors
of production. He should be a pioneer, a captain of industry.
6.
A good entrepreneur is one who is capable of inspiring confidence in
people, and has the ability to motivate them to work with him in fulfilling the
economic goals set by him.

New Concept of Entrepreneur:

!he term .entrepreneur0 has been defined as one who detects and
evaluates a new situation in his environment and directs the making of such
adustments in the economic systems, as he deems necessary. He conceives of
an industrial enterprise for the purpose, displays considerable initiative, grit
and determination in bringing his proect to fruition, and in this process,
performs one or more of the following:

a. -erceives opportunities for profitable investments,
b. E+plores the prospects of starting such a manufacturing enterprise,
c. 5btains necessary industrial licenses,
d. Arranges initial capital,
e. -rovides personal guarantees to the financial institutions,
f. -romises to meet the shortfalls in the capital, and
g. 'upplies technical know"how.

Not entrepreneur in strict sense:
6opy
/mitation
)ot entrepreneur
Drug peddler
&ootlegger
&lack marketer
&rothel keeper
Definition Entrepreneurship

/t refers to a process of action an entrepreneur undertakes to establish
his7her enterprise. /t is a creative and innovative response to the environment.
Difference :
Entrepreneur Entrepreneurship
8efers to a person:
9isualiser
6reator
5rganiser
/nnovator
!echnician
/nitiator
Decision"maker
-lanner
:eader
;otivator
-rogrammer
8isk"taker
6ommunicator
Administrator
8efers to a process:
9ision
6reation
5rgani<ation
/nnovation
!echnology
/nitiative
Decision
-lanning
:eadership
;otivation
Action
8isk"taking
6ommunication
Administration

Entrepreneur v7s -rofessional ;anager

According to the 'achar 6ommittee on 6ompany :aw = A -rofessional
;anager is an individual who
a. &elongs to the profession of law, accountancy, medicine, engineering or
architecture, or
b. /s a member of a recognised professional body or institutional body or
institution e+ercising supervisory urisdiction over its members, or
c. /s a holder of a degree or diploma in management from any recognised
university and possesses not less than five years0 e+perience in an
e+ecutive capacity in a company, corporation or a body corporate or in
the government, or possess minimum of ten years0 e+perience in an
e+ecutive capacity in a company, corporation or a body corporate or in
the government.


-rofessional ;anager
Entrepreneur
A -rofessional ;anager is
one who specialises in the
work of planning,
organising, leading and
controlling the efforts of
others. He does so through
systematic use of classified
knowledge and principles. He
subscribes to the standards
of practice and code of ethics
established by a recognised
body.
An entrepreneur has great
motivation to manage his
business successfully. He is
keenly devoted to develop
business through innovation
and is satisfied when his
efforts give him positive
results. He is the investor,
risk"bearer, manager and
controller. !he entrepreneur
may appoint a manager and
delegate some of his
functions.
!he entrepreneur lays down
broad policy for business,
assumes risk and makes the
business a going concern.

!he entrepreneur may be a manager but a paid manager cannot ac#uire the
position of an entrepreneur.

Entrepreneurial Environment

a. -olitical
b. Economic
c. 'ocial
d. !echnological
e. :egal
f. 6ultural

a. -olitical
i. -olitical Atmosphere
ii. >uality of :eadership
b. Economic
i. Economic -olicies
ii. :abour
iii. !rade
iv. !ariffs
v. /ncentives
vi. 'ubsidies
c. 'ocial
i. 6onsumer
ii. :abour
iii. Attitudes
iv. 5pinions
v. ;otives
d. !echnological
i. 6ompetition ? 8isk
ii. Efficiency
iii. -roductivity
iv. -rofitability
e. :egal
i. 8ules ? 8egulations

f. 6ultural
i. 'tructure
ii. Aspirations ? 9alues

Environment for Entrepreneurship

Entrepreneurs appear to have been motivated by a combination and
interaction of the following factors of environment:

$. 'ocio"economic environment
(. 4amily background
*. 'tandard of education and technical knowledge
,. 4inancial 'tability
3. -olitical stability and government0s policy
6. 6aste and religious affiliation
@. Availability of supporting facilities
A. Achievement motivation, and
B. -ersonality and personal skill

!he environmental factors may be summarised as follows:

$. Entrepreneurship is not influenced by a single factor but is the
outcome of the interaction and combination of various environmental
factors.
(. &y changing the environment, society can be recreated.
*. /t is the .desire to make money0 that drives one to start an industry
rather than the amount one owns.
,. Encouraging government policy and social recognition influence a
person to become an entrepreneur.
3. ;odify the educational system so as to produce more ob"creators
rather than ob"seekers.

6lassification of /ndustries
/ndicators
6apital /nvested
5utput 9olume
)o. of Employees employed
8aw ;aterial 6onsumption
-roduction 6apacity


Home /ndustries 6ottage /ndustries

'mall 'cale /ndustries !iny /ndustries


;edium 'cale /ndustries :arge 'cale /ndustries
6ottage /ndustry:

;anufacturing activity is carried out by the owner himself along with
his family members ? relatives or at the most with a ma+imum of B
employees.
'mall 'cale /ndustry

:arge 'cale /ndustry
:ow 6apital High 6apital
:ow financial resources High financial resources
'mall 'cale operations :arge 'cale operations
!raditionally managed -rofessionally managed
'ole proprietorship7-artnership 6ompany form
:imited local coverage Cide area coverage
:abour intensive 6apital intensive
Autocratic leadership -articipative leadership
:ess :egal formalities 6omple+ :egal formalities
4le+ible structure 8igid structure
High Government assistance )ormal Government
assistance
:ow output volume High output volume
:ow managerial skills High managerial skills


Advantages:

'mall 'cale /ndustry

:arge 'cale /ndustry
-rovide employment
opportunities
High bargaining power, low ordering cost,
High Discount, bulk purchase
-romoting local talent,
resources and local self
sufficiency
E+pertise knowledge back up
8emoves regional
discrepancies
Cide distribution channels
/ntegration with large sector /ntegration with !echnical, financial,
marketing and managerial economies



6lassification of /ndustries

a. Dse &ased 6lassification :

i. &asic /ndustries

Chich provide essential input for the development of the other
industries and the economy. E.g. iron ? steel industry forms a
basis for the development of the engineering industry. 4ertili<er
for agriculture, coal, oil ? electricity, cement etc.

ii. 6apital Goods /ndustries

Chich produce machinery, e#uipment or tools. A capital good is
one which is instrumental in producing other goods ? services.
6apital goods do not directly serve any consumption
re#uirement. !hey are used to produce consumer goods and
service.
e.g.
Hand tools and machine tools
'peciali<ed e#uipments
Electric ;otors
Heavy 9ehicles etc.

iii. /ntermediate Goods /ndustries

!hose which manufacture goods that have already undergone
manufacturing process but which form input for other industries
as material for further processing, part or component.
e.g.
6otton 'pinning
!yers ? !ubes
;anmade fibers
&olts, nuts, screws, spring
;etal etc

iv. 6onsumer Goods /ndustries

!he output of which serve the final consumption re#uirement.

a. 6onsumer Durable
"'erve the consumer over a relatively long periods.

b. 6onsumer )on"durable
"Goods which are used up at once or within a
relatively short periods.

b. &ased on 5wnership

i. 6entral Government
ii. 'tate Government
iii. 'tatutory 6orporations
iv. Government Departments
v. -rivate 'ector
vi. %oint 'ector

c. 'i<e of /ndustries

i. !iny " 3 lakh
ii. 'mall " 3"$EE lakh
iii. ;edium " $EE 3EE lakh
iv. :arge " 3 $EE 6rore
v. 9ery :arge " 5ver $EE 6rore


d. /nput &ased 6lassification

i. Agro"based

"Chich uses agricultural product as the maor input, like sugar,
ute te+tiles etc.,

ii. 4orest"based

" Chich use forest products as their maor inputs, like plywood,
paper industry

iii. ;arine"based

" Chich depend mostly on marine products like fish etc.,

iv. ;etal"based

" Chich are based on metals like, engineering industries

v. 6hemical"base

" /ndustries like fertili<ers, pesticides, paints and varnishes,
drugs ? medicines etc. as chemicals are their maor or basic
inputs.

6ottage /ndustries :

o !hose industries and crafts which are carried on, in the home
of the artisan.
o Assisted by family members.
o )o power is used.
o !ools and instruments used are simple.
o E.g. hand"spinning, handloom"weaving, toy"making, rope"
making, wood"work etc.








'mall 'cale /ndustries :

o 4actory"type industries having investment in plant ?
;achinery does not e+ceed 8s. $EE lakh.
o ;ostly use power and small machines
o Employ small number of workers.
o /nclude Ancillary /ndustries having investment in plant ?
machinery does not e+ceed 8s. @3 lakh.
o ;anufactures parts, components, intermediate products,
render services like repairs etc.
o Also includes !iny /ndustries in which investment in plant
and machinery is worth below 8s. 3 lakh regardless of the
location.

!raditional 'mall /ndustries:

Fhadi and other village industries,
Handloom industry
'ericulture
Handicrafts etc.

;odern small /ndustries :
Dsing power and employing labour and with investment in plant ?
machinery not e+ceeding 8s. 6E lakhs.

9illage /ndustries
Any industry with a capital investment up to 8s. $3EEE per artisan
and located in a village with a population below $EEEE and produces any
goods or renders any services with or without the use of power and in which the
fi+ed capital investment in plant ? machinery, land and building per artisan
or worker does not e+ceed 8s. $3,EEE.

/nvestment :imits :

!he definitions of small scale industries has undergone changes over
the years in terms of investment limits in the following manner:

Gear /nvestment limit
18s.2
Additional
conditions
$B3E Dp to 8s. 3 lakh
in fi+ed assets
H3E persons
with power
H$EE without
power
$B6E Dp to 8s. 3 lakh
in plant ?
machinery
)o condition
$B66 @.3 =
$B@3 $E =
$BAE (E =
$BA3 *3 =
$BB$ 6E =
$BB@ $EE =

-roect:

A -roect is a specific activity on which money is spent in e+pectation of
returns.
'pecific starting point
'pecific end point
'pecific 5bectives

A proect has a specific geographic location and would serve a group of
population.

Every proect has three basic attributes.

$. !he /nput: Chat proect will consume.

8aw ;aterials, Energy, ;anpower, 4inancial 8esources,
5rganisational 'et"up

(. !he 5ut put: Chat proect will generate.

-roduction of Goods, 'ervices, 4inancial 5utput

*. !he 'ocial 6ost &enefit 6haracteristics.

!he sacrifice, which the society will be called upon to make and the
benefits, which will accrue to the society.











'couting for -roect /deas:

$. Analyse the -erformance of E+isting /ndustries
(. E+amine the /nputs ? 5utputs of 9arious /ndustries
*. 8eview /mports ? E+ports
,. 'tudy -lan 5utlays and Government Guidelines
3. Guidelines to /ndustries
6. :ook at the 'uggestions of 4inancial /nstitutions and Developmental
Agencies
@. /nvestigate :ocal ;aterials ? 8esources
A. Analyse Economic and 'ocial !rends
B. 'tudy )ew !echnological Developments
$E. Draw 6lues from 6onsumption Abroad
$$. E+plore the -ossibility of 8eviving 'ick Dnits
$(. /dentify Dnfulfilled -sychological )eeds
$*. Attend !rade 4airs
$,. 'timulate 6reativity for Generating )ew -roduct /deas.
4acets of -roect Analysis

;arket Analysis
!echnical Analysis
4inancial Analysis
Economic Analysis
Ecological Analysis

;arket Analysis:

/s concerned primarily with two #uestions:
Chat would be the aggregate demand of the proposed product7service
in futureI
Chat would be the market share the proect under appraisalI

!he kind of information re#uired are :
6onsumption trends in the past and the present consumption level
-ast and present supply position
-roduction possibilities and constraints
/mports and e+ports
'tructure of competition
6ost structure
Elasticity of demand
6onsumer behaviour, intentions, motivations, attitudes, preferences,
and re#uirements
Distribution channels and marketing policies in use
Administrative, technical, and legal constraints






!echnical Analysis:

!he #uestions raised in technical analysis are:
Chether the preliminary tests and studies have been done or provided forI
Chether the availability of raw materials, power and other inputs has been
establishedI
Chether the selected scale of operation is optimalI
Chether the production process chosen is suitableI
Chether the e#uipment and machines chosen are appropriateI
Chether the au+iliary e#uipments and supplementary engineering works
have been proved forI
Chether provision has been made for the treatment of effluentsI
Chether the proposed layout of the site, buildings, and plant is soundI
Chether work schedule have been realistically drawn upI
Chether the technology proposed to be employed is appropriate from the
social point of viewI

4inancial Analysis:

!he aspects, which have to be looked into, are:
/nvestment outlay and cost of proect
6ost of capital
-roected profitability
&reak"even point
6ash flows of the proect
/nvestment worthwhile ness udged in terms of various criteria of
merit
-roected financial position
:evel of risk


Economic Analysis:

Also referred to as social cost benefit analysis, is concerned with
udging a proect from the larger social point of view. !he #uestions sought to
be answered are:

Chat are the direct economic benefits and costs of the proect
measured in terms of shadow 1efficiency2 prices and not in terms of
market pricesI
Chat would be the impact f the proect on the distribution of income
in the societyI
Chat would be the impact of the proect on the level of savings and
investment in the societyI
Chat would be the contribution of the proect towards the fulfilment
of certain merit wants like self"sufficiency, employment, and social
orderI

Ecological Analysis:

Ecological analysis should be done particularly for maor proects, which
have significant ecological implications like power plants and irrigation
schemes, and environmental polluting industries 1like bulk drugs,
chemicals, and leather processing2. !he key #uestions raised in ecological
analysis are :

Chat is the likely damage caused by the proect to the environmentI
Chat is the cost of restoration measures re#uired to ensure that the
damage to the environment is contained within acceptable limitsI



;arket ? Demand Analysis

Fey 'teps:

$. 'ituational Analysis and 'pecification of obectives
(. 6ollection of 'econdary information
*. 6onduct of market survey
,. 6haracterisation of the market
3. Demand 4orecasting
6. ;arket -lanning

$. 'ituational Analysis and 'pecification of obectives

!o get a =feelJ for the relationship between the product and its market.

(. 6ollection of 'econdary information

General 'ources of 'econdary /nformation:
a. 6ensus of /ndia
b. )ational sample survey reports
c. -lan 8eports
d. 'tatistical Abstract of the /ndian Dnion
e. /ndia Gear &ook
f. 'tatistical Gear &ook
g. Economic 'urvey
h. Annual 'urvey of /ndustries
i. Guidelines to /ndustries
. Annual 8eports of the Development Cing, ;inistry of 6ommerce
and /ndustry
k. Annual &ulletin of 'tatistics of E+ports and /mports
l. !echno"Economic 'urvey
m. /ndustry -otential 'urveys
n. !he 'tock E+change Directory
o. ;onthly 'tudies of -roduction of 'elected /ndustries
p. ;onthly &ulletin of 8eserve &ank of /ndia
#. -ublications of Advertising Agencies
r. 5ther -ublications

*. 6onduct of ;arket 'urvey
!he information sought may relate to one or more of the following.
!otal Demand and rate of growth of demand
Demand in different segments of the market
/ncome and price elasticity of demand
;otives for buying
-urchasing plans and intentions
'atisfaction with e+isting products
Dnsatisfied needs
Attitudes toward various products
Distributive trade practices ? preferences
'ocio economic characteristics of buyers

,. 6haracterisation of the ;arket
Effective demand in the past ? present
&reakdown of demand
-rice
;ethods of distribution and sales promotion
6onsumers
'upply and 6ompetition
Government -olicy

3. Demand 4orecasting

6. ;arket -lanning
-ricing
Distribution
-romotion
'ervice


!echnical Analysis

!echnical Analysis is concerned primarily with:

;aterial inputs and utilities
;anufacturing process 7 technology
-roduct ;i+
-lant 6apacity
:ocation and site
;achineries and e#uipments
'tructures and civil works
-roect charts and layouts
Cork schedule

$. ;aterial inputs and Dtilities

;ay be classified into four broad categoriesK

a. 8aw ;aterials
/. Agricultural products
//. ;ineral -roducts
///. :ivestock and forest products
/9. ;arine products

b. -rocessed /ndustrial ;aterials and components

&ase metals, semi"processed materials, manufactured parts,
components, sub"assemblies
c. Au+iliary materials and factory supplies

6hemicals, additives, packaging materials, paints, varnishes, oils,
grease, cleaning materials etc.

d. Dtilities -ower, water, steam, fuel etc.


(. ;anufacturing -rocess 7 !echnology

a. 6hoice of !echnology

-lant 6apacity
-rincipal /nputs
/nvestment outlay and production cost
Dse by other units
-roduct mi+
:atest developments
Ease of operation

b. Ac#uiring !echnology
!echnology licensing
5utright purchase
%oint venture arrangement

c. Appropriateness of !echnology

*. -roduct ;i+
,. -lant 6apacity

!echnology re#uirement
/nput 6onstraints
/nvestment 6ost
;arket 6onditions
8esources of the firm
Government policy

3. :ocation and 'ite

-ro+imity to 8aw materials and markets
Availability of infrastructure
Government -olicy
5ther 4actors


6. ;achineries and E#uipments

a. -lant 1-rocess2 E#uipments
b. ;echanical
c. Electrical
d. /nstruments
e. 6ontrols
f. /nternal !ransportation 'ystem
g. 5thers

6onstraints in selecting ; 7 E
-rocurement of -lant ? ;achinery

@. 'tructures and 6ivil Corks

'ite -reparation and Development
&uildings and 'tructures
5utdoor Corks

A. -roect 6harts ? :ayouts

a. General 4unctional :ayout
b. ;aterial 4low Diagram
c. -roduction :ine Diagram
d. !ransport :ayout
e. Dtility 6onsumption layout
f. 6ommunication :ayout
g. 5rganisational :ayout
h. -lant :ayout

B. Cork 'chedule

8eflects the plan of work concerning installation as well as initial
operation.

!o anticipate problems
!o establish the phasing of investments
!o develop a plan of operations
4inancial Analysis

6ost of -roect
;eans of 4inancing
Estimates of sales ? production
6ost of production
Corking capital re#uirement and its financing
Estimates of working results
&reak"even point
-roected cash flow statements
-roected balance sheets

$. 6ost of proect

:and and site development
&uilding and civil works
-lant and machinery
!echnical know"how and engineering fees
E+penses on foreign technicians and training of /ndian technicians
abroad
;iscellaneous fi+ed assets
-reliminary and capital issue e+penses
-re"operative e+penses
-rovision for contingencies
;argin money for working capital
/nitial cash losses

*. ;eans of finance

,. Estimates of 'ales ? -roduction

3. 6ost of -roduction
;aterial 6ost
Dtilities 6ost
:abour 6ost
4actory overhead cost

6. Corking capital re#uirements ? its financing

@. -rofitability -roections

a. 6ost of -roduction
b. !otal administrative e+penses
c. !otal sales e+penses
d. 8oyalty and know"how payable
e. !otal cost of production 1aLbLcLd2
f. E+pected sales
g. Gross profit before interest
h. !otal financial e+penses
i. Depreciation
. 5perating profit 1g"h"i2
k. 5ther income
l. -reliminary e+penses written off
m. -rofit 7loss before ta+ation 1Lk"l2
n. -rovision for ta+ation
o. -rofit after ta+ 1m"n2
:ess dividend on " -reference capital
" E#uity capital
p. 8etained profit
#. )et cash accrual 1pLiLl2

A. &reak even point

B. -roected cash flow statements

$E. -roected &alance sheets










6heck :ist for 4easibility 8eport

$. E+amination of public policy with respect to the /ndustry.
(. &road specifications of outputs and alternative techni#ues of
production.
*. :isting and description of alternative locations.
,. -reliminary estimates of sales revenue, capital costs and operating costs
of different alternatives.
3. -reliminary analysis of profitability for different alternatives.
6. ;arketing analysis.
@. 'pecification of product pattern and product prices.
A. 8aw material investigation and specification of sources of raw material
supply.
B. Estimation of material energy, flow balance and input prices.
$E. :isting of maor e#uipment by type, si<e and cost.
$$. :isting of au+iliary e#uipment by type, si<e and cost.
$(. 'pecification of sources of supply for e#uipment and process
know"how.
$*. 'pecification of site and completion of necessary investigation.
$,. :isting of buildings, structures and yard facilities by type, si<e
and cost.
$3. 'pecification of supply sources, connection costs and other costs
for transportation services, water supply and power.
$6. -reparation of lay"out.
$@. 'pecification of skill"wise labour re#uirements and labour costs.
$A. Estimation of working capital re#uirements.
$B. -hasing of activities and e+penditure during construction.
(E. Analysis of profitability.
($. Determination of measures for combating environmental
problems.
((. Analysis of the past performance of the enterprise responsible for
implementing and running the proect with respect to proect completion,
capacity utilisation and profitability.
(*. 'tate of preparedness to implement the proect rapidly.
6ontents of a -roect 8eport.

$. 5bective and scope of the report.
(. -roduct characteristics 1 'pecifications, product uses and application,
standards and #uality2
*. ;arket position and trends 1installed capacity, production and
anticipated demand, e+port prospects and information on import and
e+port, price structure and trends2.
,. 8aw materials 1re#uirement of raw materials, prices, sources and
properties of raw materials2.
3. ;anufacture 1-rocesses of manufacture, selection of process, production
schedule and production techni#ue2.
6. -lant and machinery 1E#uipment and machinery, instruments,
laboratory e#uipments, electric load and water supply and the essential
infrastructure2.
@. :and and &uilding 18e#uirement of land area, building, construction
schedule2.
A. 4inancial implications 14i+ed and working capital investment, proect
cost and profitability2.
B. ;arketing channels 1!rading -ractices and marketing strategy2.
$E. -ersonnel 18e#uirement of staff, labour and e+penses on wage
payments2.



Entrepreneurs:
a. -hanendra 'ama www.redbus.in
i. /nspiring :eadership
1Cill, 9ision, 9alues, 'kill2
ii. /nnovative 'trategies
iii. Distinct /dentity 1 -urpose, 9alue, 6ulture2
iv. -rocess Driven /mplementation
v. Cin"Cin relationship with stake holders
b. Ashank Desai ;astek
i. 8isk !aking
ii. :ook at 5pportunities
iii. 4ind 8ight &usiness for you
iv. &eing adaptive to 6hange yourself ? business
v. &uild business for scalability
vi. 9alues and 9ision
vii. Gou are responsible be accountable
Enablers :
$. Education
(. 9alue
*. 8elationship
/nnovation : 5ne should be 4ast, 'mart ? 'imple
!o innovate product
/nnovate -rocess
/nnovate people.
!oday0s re#uirement
$. -ortability
(. 4le+ibility
:everage !echnology 1to understand 4uture2.
6. 'umant Gatn 4oundation
$. 6omprehension
(. Analysis
*. 6onceptualisation
,. /mplementation
Emotional Attachment is must to make difference.
;ano 'harma uni#ote#, 4inland
$. 8isk !aker from comfort <one to uncomfortable <one
(. &elieving in oneself
*. )o Degree Dream
,. 6ourage )ot to give up.
3. 8eady for change
6. Don0t listen to )egativity
'uccess 6reating environment for success for others.
;oney is ust like 'oldiers.