International Consortium for Innovation and Entrepreneurship Research (ICIER)
ICIER-IIMB International Conference on Entrepreneurship Education and Training: Design, Delivery and Effectiveness during 29-31 January 2015
Please click the slide show which is displayed on the right side
How To Create A 'Killer App': A Guide For
Entrepreneurs
Entrepreneurs in mobile ecosystems are learning how to create
killer applications that can disrupt resource rich, entrenched players
Click the below
link to know more
The Secret Sauce of Successful Entrepreneurs?
It’s all in their Head.
As Stanford Psychology Professor and renowned author Carol Dweck writes
in her book, Mindset:
The New Psychology of Success, a person's mindset is the
better predictor of success.
What Does
WhatsApp's Win Mean For the Future of Texting
With Facebook forking
out $19 billion for WhatsApp, could 2014 be the year when most of us give up on
texting and use instant messaging instead?
Read more: http://www.entrepreneur.com/article/231708#ixzz2uLIKSRkT
Which Start-Up Could Be the Next Big Thing?
When it comes to technology
start-ups, there are a lot of paths to success.
ICIER-IIMB International Conference on Entrepreneurship Education and Training: Design, Delivery and Effectiveness during 29-31 January 2015
Please click the slide show which is displayed on the right side
How To Create A 'Killer App': A Guide For Entrepreneurs
Entrepreneurs in mobile ecosystems are learning how to create
killer applications that can disrupt resource rich, entrenched players
Click the below
link to know more
The Secret Sauce of Successful Entrepreneurs? It’s all in their Head.
As Stanford Psychology Professor and renowned author Carol Dweck writes
in her book, Mindset:
The New Psychology of Success, a person's mindset is the
better predictor of success.
What Does
WhatsApp's Win Mean For the Future of Texting
With Facebook forking
out $19 billion for WhatsApp, could 2014 be the year when most of us give up on
texting and use instant messaging instead?
Read more: http://www.entrepreneur.com/article/231708#ixzz2uLIKSRkT
Read more: http://www.entrepreneur.com/article/231708#ixzz2uLIKSRkT
Which Start-Up Could Be the Next Big Thing?
When it comes to technology
start-ups, there are a lot of paths to success.
Where Start-ups Are Matters More Than What They Pay
Whether you’re looking to lure the
most customers or attract the best employees, where you set up
shop is a critical decision that should not be based solely on the
cheapest lease available.
To know more, click the below link
Six Whopping Lies Told About Entrepreneurs … Sometimes By
Entrepreneurs Themselves
As more people aspire to become entrepreneurs, it is important
to dispel many of the misperceptions about this species. Here are six big ones
that even some entrepreneurs believe:
The following post is by Bill Aulet,
the managing director of the Martin Trust Center for MIT
Entrepreneurship and a senior lecturer at the MIT Sloan School of
Management.
Click the below link for more details
When to Call and When to
Email
It might seem old fashioned, but sometimes making a call is the
best way to get an answer, says entrepreneur Jason Womack. You can speak a lot
faster than you can type and picking up the phone to do something like
scheduling a meeting is always the better option.
“People do business with people
they trust.”
Click the below link to know
more
William Heinecke, an Early Entrepreneur in Asia, is Still Finding
Success
BANGKOK – William Ellwood Heinecke has always followed his
instincts.
He started his first businesses, cleaning offices and selling
advertising, as an expatriate high school student in Bangkok. He was a
millionaire before he reached voting age.
Defying conventional wisdom at the time about overseas
appetites, he introduced pizza to Asians in the early 1980s, the start of an
empire of retailers, restaurants and resorts built around classic brands like
Pizza Hut, Sizzler, s across 22 countries. He has moved up the value
chain, developing his own successful brands.
Please click the below link to know more
Self-Finance or Raise Money? A Quandary for Start-Ups
The founder and chief of RJ Metrics, Robert J. Moore, and his
co-founder chose to finance the business with their own money.
Roman Stanek and Robert J. Moore had the same dream. The two
entrepreneurs saw businesses collecting lots of data about their customers’ Web
transactions and decided there could be a huge market in helping those
businesses analyze the data to determine who their customers were and how best
to reach them
Vodafone to Buy Germany’s Top Cable Giant for $10 Billion
The British telecommunications giant Vodafone
announced that it was buying the German cable operator Kabel Deutschland
for 7.7 billion euros, or $10.1 billion. The deal, one of the largest in Europe
this year, follows almost six months of jockeying to acquire Kabel Deutschland,
Germany’s largest cable operator
Click the below link to know more
How To Raise An Entrepreneur
A very influential article by an young entrepreneur, how and
what factors influenced him and many more.
Please click the below link to read more
What Angel Investors Want Now
U.S. angel investment trends are shifting. The mobile sector is
getting ever more attention and the health-care sector is losing dollars,
according to the second annual Halo Report, released today from the advocacy
organization Angel Resource Institute, entrepreneur-focused Silicon
Valley Bank, and the National Science Foundation‐backed data
research firm CB Insights
College Entrepreneurs Create Software to Help Businesses Thrive
To Dan Shipper, those few lines at the bottom of a digital
message offer significant untapped potential. “Companies that aren’t taking
advantage of e-mail signatures to promote their products and services are
missing out on opportunities to connect with their customers,” he says.
The 21-year-old junior at the University of
Pennsylvania began writing code when he was 10. After creating
and selling several successful websites, Shipper
was ready for a new project. In 2011 he partnered with Patrick Leahy and Justin
Meltzer, both seniors majoring in entrepreneurship at the Wharton School at UPenn,
to develop Airtime, a program that creates banners that turn e-mail signatures
into branded messages.
Airtime allows brands to develop
multiple banners for their e-mail signatures and track the number of
impressions and click-through rates for each. After a brief beta period to test
the concept, the UPenn entrepreneurs launched the company (airtimehq.com) in January
2012. Within weeks the program had attracted international clients.
Without disclosing revenue, the founders report that more than
300 customers have signed on for their free plan or for packages priced at $10,
$50 or $150 per month. Further, they say, starting the company cost nothing
more than their time, domain purchase and hosting fees. “Our goal was to
concentrate on businesses that have minimal startup costs and are profitable
from the start, which is something that is possible with software companies,”
Shipper explains.
Once Airtime was operational, the
partners were eager to launch another software project. This time they focused
on the screen-sharing model for customer service, which allows brands to guide
consumers through websites. With other screen-sharing systems, users have to
download a program to a home PC, then allow a service rep to control their
computer, which raises privacy concerns. The trio’s second business, Firefly, is download-free
and limits viewing to the one website the customer is visiting (as opposed to
allowing access to the entire computer). “A lot of companies didn’t know this
was even possible,” Meltzer says. “It allows them to [handle more calls] in the
same amount of time.”
In three months Firefly snagged 150 customers. Users can sign up
for a free plan or pay $15, $30 or $60 per month to use the screen-sharing
program.
The software also attracted the attention of Dorm Room Fund, a
pilot program started by First Round Capital that plans to invest $500,000 in
student-run enterprises around Philadelphia by the end of 2014. Firefly
received $20,000 in funding.
“They are talented and motivated and one of the best student
entrepreneurial teams at [UPenn],” says Talia Goldberg, a Dorm Room Fund board
member. “They are going after a proven market with a product that
differentiates itself [and] had a very clear way to generate revenue. It
embodies the kind of businesses Dorm Room Fund wants to invest in.”
The funds will be used for customer acquisition. In the
meantime, Shipper says, the experience of running two successful software
companies is paying huge dividends for the three students: “Coming up with a
concept, building a product, marketing it and talking to investors has been an incredible
learning experience.”
Common Fatal Flaws in a Start Up
1. Product rather than
Market Focused.
1. Most common with
corporates and engineers.
2. Starts with a great
idea or product stumbled across.
3. Instead start with
a narrow market problem defined.
2. Individuals must be
teachable to be Investible.
3. Think global, act
locally – rather than thinking locally to take globally.
4. Vision definition
is skipped. Movements have nothing to move with.
5. You are probably
not in the business you think you are in. American Express is in the
short term money market, McDonald’s is in real estate.
6. Lack of secured
company value enables competitors to reverse engineer and copy. A Patent is not
enough. Develop multiple revenue models, contracts, systems and
processes, digital IP, data and emotional commitment…
7. Me too small
businesses are not entrepreneurial ventures.
8. Fast growth does
not occur organically or traditionally. It cannot be ‘planned’. It requires
opportunity creation in each moment and network science application.
9. Incremental
innovation is part of managing a large mature firm. Radical innovation is
part of new venture creation and 80% of Board targets.
10. Plan to Exit via
trade sale, even if goal is IPO. If you cannot establish trade sale
strategic value, then investors will see through the veneer.
11. Transactional
rather than social focus.
12. Focus on manufactured
markets such as government subsidies, grants and VC valuation rounds.
13. New markets must be
made aware, have opportunity to observe, to be educated with a chance to
try. They cannot be ‘sold’ to.
14. Leaders are
controllers rather than enablers.
15. Entrepreneurs have
commercialised three or more opportunities. Not one. Not two. You may want to
be an Entrepreneur. You may have entrepreneurial characteristics. That is
different.
16. Boards set
strategic direction as a team, contributing intellectual capital and
network. Executives execute, leading administration, operations,
marketing and finance. Companies need both.
17. Labour hours limit
capacity for growth. Automate. Goal: one-to-many creation.
How to Win a Business Negotiation
If you are in business, then you will be a negotiator.
Without transactions, business doesn’t happen, and every
transaction involves a certain amount of negotiation.
Please click the below link to know more
http://www.entrepreneur.com/article/226009#ixzz2NnVsEVlx
Maintaining Your Startup’s Focus
Why many startups fail ?
In many cases, a new venture falters for obvious reasons–not
enough capital; before its time; founder fatigue … the list goes on.
Yet other instances of failure seem inexplicable.
To know more, please click the below link
http://www.entrepreneur.com/article/225935
7 Paybacks an Alma Mater Can Offer Young Entrepreneurs
Student-entrepreneurs have it easy. When they want advice, they
ask their professors who’ve likely been there and done that. When they need
resources, they head off to the campus computer lab or research facilities.
When they need test subjects, they turn to their classmates.
To know more, click the below link
College Entrepreneurs Find a Green Niche in an Online
Farmers Market
When the entrepreneurship club at Colby College in Waterville,
Maine, challenged students to come up with ideas to stimulate the state’s
small-business economy, Danny Garin, an economics and government major,
envisioned a virtual farmers market stocked with local produce and artisanal
products.
“There are a lot of high-end markets [here], but nothing that
replaces the farmers market experience,” Garin, 21, explains.
Please click the below link to know more
How the Farm-to-Table Movement Is Helping Grow the Economy
This movement is started in the US and can be tried in India
also.
It is very encouraging to see so many restaurants and consumers
choose to source and eat locally. The food tastes better, is healthier,
has less of an impact on the environment, farmers retain more of each food
dollar spent, and local economies benefit by keeping more dollars in
the area.
Please click the below link to know more
Bigwalk
Bigwalk is the smartphone application to dornate an artificial
leg for those who cannot easily walk. It is a for profit social
enterprise based in Korea and helps the amputees. An interesting business model
which needs to be examined.
Website: http://www.bigwalk.co.kr
Business Model: for profit
Sector : Social Enterprise
Country: South Korea
Every day we wake up and walk to the bathroom to wash, walk to
the kitchen to eat, walk to the room to get changed, walk to work, walk to
supermarket to buy stuffs, walk to meet friends and people, and walk to
exercise.
Walking. This seemingly common and small action done on daily
basis seems really trivial to many people. However, there are people who cannot
do such daily and regular activity. Thus Bigwalk has decided to give special
meanings to our walks so that we can share with those who cannot.
Bigwalk is a free application which enables smartphone users to
donate by walking, a daily life activity. Just by starting the application and
walking, the users can donate 1 won per 100m.
First, Bigwalk starts out by helping out the amputees. Amputees
in Korea are increasing at a rate of 25 people per day, adding up to 8694
amputees per year. But leg prosthesis is highly expensive even with the
government’s financial support. Thus Bigwalk wishes to provide amputees with
safe and high quality artificial legs with the donations collected.
Bigwalk wishes to create a new business/donation platform where
giving and donating is part of every day life.
Bigwalk wishes to open up the opportunity for the public to be
aware of the significance of small sum donation.
Bigwalk wishes to achieve and make things possible by putting
meanings into walking, a small and everyday behavior.
Bigwalk wishes to share by walking.
“Walk to Give – Bigwalk”
Problem
There are currently about 180,000 amputees in Korea alone. The
number is constantly increasing: 25 more amputees per day, 725 per month, and
about 9000 per year. Amputees are people whose legs are cut off and cannot
walk. Most of amputation is acquired by car accidents, anti-personal mind, and
frostbite and so on. Thus amputation many times brings amputees to desperate
situation causing psychological trauma. For these people, there are prosthetic
legs, also known as artificial legs which could help them to walk again. However
such legs are highly expensive: lower leg prosthesis costs 5,500,000 won and
femoral leg prosthesis costs 8,500,000 won. Because of the exorbitant cost,
even private sectors are unwilling to help out amputees. Not only the cost but
many people are unaware of the seriousness of the sufferings that amputees go
through. In fact, according to one research, only 192 out of 735, about 26.2%,
heard about amputees in Korea. Lack of awareness is also a crucial problem. And
yet, there is no effective organization or government support to help these
people out. Many are avoiding the problem because of the high cost of
artificial legs. Many do not even recognize the problem. More importantly,
amputees are problems in many parts of Asia. There are over 500,000 lower limb
amputees alone in Nepal, most suffering from a loco-motor disability. Of them,
about 90.5% suffer from economic problems as well.
Solution
Bigwalk helps amputees by a free application where users can
donate just by walking. For every 100m, 1 won is collected and directly donated
to the amputee via Korean Walking Association, one of current partners. The
donation money comes from advertising services or products related to walking
and health. Bigwalk does not have a specific targets. However, Bigwalk hopes to
expand throughout the nation and eventually around the world so that the size
and speed of donation can increase and more amputees can be helped out.
The Most Entrepreneurial Colleges
Mining its database of 20 million college grads, LinkedIn identified alumni of these
schools as founders of the most companies with 10 or more employees.
Click the below link to know more
http://www.forbes.com/sites/michaelnoer/2012/08/01/the-most-entrepreneurial-colleges/
3 Strategies for Using Facebook’s Promoted Posts
One of the newest Facebook features, called Promoted Posts,
allows business pages with 400 or more “likes” to pay from $5 to $100 so that
more fans — and friends of fans — see their posts in their News Feeds on
computers and mobile devices.
To know more, please click the below link
How to Become Risk Savvy
An entrepreneur is a person willing to take a risk with money to
make money.” An article by Steve Strauss. To read more, click the
link below
How to Compete with the Big Chains?
Think and Act Locally
What do you do as a small, independent retailer when a major
food chain, big-box store or national franchise becomes a direct competitor?
All along you’ve been specializing in items that aren’t in the mainstream but
sell well, and then some big outfit like Sears or Walmart decides they’re going
to horn in on your action.
Click the below link to know more details
Here’s a way to boost youth employment: Help them start up.
At the Young Entrepreneurs Academy, or YEA, middle and high
school students in certain parts of the country can participate in a
nine-month-long afterschool program that attempts to guide them through the
process of starting a business — from developing a business plan and pitching
investors to obtaining funding and building a website.
Please click the below link to know more
Could Faculty Entrepreneurs Drive Innovation?
Entrepreneurship is an increasingly hot topic on college campuses these days.
Across the country, administrators at schools large and small are hurrying to
create or beef up existing programs, hoping to attract top young talent and the
alumni donations and federal grant money that could come with it. But all the talk
about entrepreneurship may be leaving one very important group out of the
conversation — university professors.
To know more, please click the below link
Academia Suppresses Creativity
Creativity enhances life. It enables the great thinkers, artists
and leaders of our world to continually push forward new concepts, new forms of
expression and new ways to improve every facet of our existence. The creative impulse
is of particular importance to scientific research. Without it, the same
obstacles, ailments and solutions would occur repeatedly because no one stepped
back and reflected to gain a new perspective.
To know more, Click the below link
Get Great Publicity
A good PR campaign is often crucial to the success of your
business or personal brand. The rewards that you can get from free
media exposure, by positioning yourself as an expert in your field, far
outweighs the rewards of a paid advertisement.
To know more, please click the link below
Mind Hacks: How Innovators Really Arrive At Their Big Ideas
One of the stranger articles Inc.
magazine ever ran was a 2002 piece about the neuroscience of innovation.
Actually, it wasn’t really about innovation as much as where and how innovators
get their ideas. Only it wasn’t that either. It was really about what kind of
peculiar mind-hacks top innovators use to come up with their ideas and—the
strange part—it opens with a discussion of inventor and futurist Ray Kurzweil’s employment of lucid
dreaming to solve vexing engineering problems.
Click the below link to know more
Student finds new way of turning plastic into biofuel
[CAIRO] A method for generating biofuel by breaking down plastics using a low-cost catalyst will be
developed further in the United Kingdom next month
Click the below link to know more
The Edupreneur
India will need newer educational institutions by the thousand
to meet its lofty human developmental goals. This time is ripe for the education
entrepreneur, both for the numbers that have to be generated and the quality
that will be needed. Meet the trailblazers by Deepshikha Punj.
( Please click the below link to read this article which
is published in Indian express on 01-July-2012)
How Place impacts Entrepreneurship
Simple question: how are business startups going from the idea
phase to real action and implementation? How does place – the physical location
of this conversion of ideas into action – have an impact on entrepreneurship?
And where can we track this relatively new phenomena as it happens?
To know more please click the link below.
http://www.entrepreneur.com/article/226009#ixzz2NnVsEVlx
http://www.entrepreneur.com/article/225935
3 Strategies for Using Facebook’s Promoted Posts
Entrepreneurship is an increasingly hot topic on college campuses these days. Across the country, administrators at schools large and small are hurrying to create or beef up existing programs, hoping to attract top young talent and the alumni donations and federal grant money that could come with it. But all the talk about entrepreneurship may be leaving one very important group out of the conversation — university professors.