Cut the rope

Cut the rope

You cannot be an entrepreneur if you do not cut the ropes. If you are wondering what I am talking about, then watch the latest Batman movie, ‘The Dark Knight Rises’. It is an engrossing story about how the hero overcomes his own fears to defeat the villain. For entrepreneurs, the battle is not outside, it is inside.

A leap is what it takes

In the movie, there is a scene where the hero, Batman, is thrown in a deep well, which is a prison that no one has come out of except a child. It requires immense physical strength to climb a huge wall and then take a leap to get out. Hundreds of prisoners tried getting out earlier, and for the failure of falling while taking the last leap, they always used to tie a rope around their waist, so that they will at least save their lives in case they are not able to catch the top in their final leap. Our hero also ties a rope and starts climbing. All other prisoners and our audience look in awe as he reaches nearly to the top, but while taking the last leap, he falls down, only to be saved by the rope.

Cut the rope

Cut to the next scene, our hero decides to cut the rope around his waist. He climbs the huge wall, while knowing well that any false step will be his last. He reaches near the top, takes a look at the distance ahead, readies for jump, leaps, and… yes, this time he makes it out of the prison with his last leap.

Secret of success

The only child who had crossed the wall earlier had done it out of fear – no backup, no plan B, no support, no second option. And Batman, our Hero, also makes it only when he decides to cut the rope – that is the secret of success of entrepreneurs. They cut all ropes that bind them – a monthly salary, regular incomes, club memberships, weekly holidays, social/comfortable lives etc, and then take a jump. If you keep thinking that these ropes will save you if you fail in your business, then you do not take that effort required or stretch yourself to your true potential.

So go ahead, leap for your love! Be what you want to be!

Article originally published in http://newindianexpress.com/education/edex/article1237802.ece

Nurture Talent and Intaglio – IIM Calcutta present Launchpad for Students

In a unique initiative for students across India, Nurture Talent in association with Intaglio – The International Business Summit of IIM Calcutta announced Launchpad 2013. Launchpad is a mega business plan contest being organized by one of the premier institute of India. As a preliminary round of the mega business plan contest, a series of 50 workshops will be organized by Nurture Talent Academy. During these workshops, experienced entrepreneurs, investors and industry experts from Nurture Talent will guide, train and mentor young students across colleges, covering subjects like business planning, finance, investments, marketing and technology in a lively and interactive format. Each workshop will end with a contest among the participants and the top 3 teams will get a chance to go to the next round of Launchpad.

The mega-finals of Launchpad will be held at IIM Calcutta campus itself, where students will get a chance to present their plans and strategies to judges including venture capitalists, investors, and entrepreneurs. Top teams will also get a chance to get incubated at IIM Calcutta.

ISM Dhanbad's entrepreneurship summit

ISM Dhanbad’s entrepreneurship summit

Nurture Talent Academy and ISM Dhanbad’s entrepreneurship cell announced their association for promoting entrepreneurship among young students of the institute. NTA will be conducting a workshop for ISM Dhanbad’s students in the campus and also mentoring the participants of Bizkraft Business Plan Competition. Genesis and Concetto are bringing together the e-summit at ISM Dhanbad and Bizkraft will be organised to identify and recognize the future entrepreneurs through the unique business plan competition. More details available in below link:

http://www.concetto.co.in/events.html

Hurry up and email your entries now to genesis@ismu.ac.in

Interview with an Upcoming Edupreneur

You know that you are about to meet someone incredible, when a google search of “PriyadeepSinha” yields 1500 search results for your reading pleasure .Here is a summary of his carbon footprint and the impact he has created so far through his startup ADD-on-GYAN Educational Services:

Priyadeep Sinha is recent graduate (2011 batch) at MIT, Manipal where he studied Mechanical Engineering. Having a childhood dream since the 8th Grade to have his own enterprise, he is now exclusively taking care of marketing and sales, product launches, legal department and media representation at ADD-on-GYAN – his start-up in the education sector. He has been a winner of over 10 technical presentation and Business-Plan Contests. He has helped and mentored many teams from Manipal University develop their business plans and win at various institutes across India. He has held leadership positions at college (President, Renewable Energy Club – Manipal) and school (House Captain) levels.

He was awarded ‘Global Achievers Award for Educational Excellence for 2012′ by Economic Development Forum, India. Recently, he was also selected as the ‘Achiever of the Year – 2011′ by ManipalBlog.com. He was the creator of Synergia – Manipal’s 1st ever Renewable Energy based Technical Fest and served as its first convener. He also has international work exposure as a Research Scholar at Strathclyde University (Glasgow, United Kingdom) in 2010. He is deeply interested in the education sector and was a selected fellow at Teach for India – 2011 which he could not undertake due to his commitments to ADD-on-GYAN

Here are excerpts from interview conducted by Nurture Talent Academy-India’s 1st Training Institute for Entrepreneurs :

NTA :What motivated you to take this initiative?

Priyadeep: I did not want to join the rat race and get a job, I wanted to do something different which was meaningful and useful, like change the inefficient education system in India. That is why I took up this initiative.

NTA: What roadblocks did you hit? How did you overcome them?

Priyadeep: 1) Raising money-I am grateful that my family supported me and helped me out financially in the initial stages. ADD on GYAN is now incubated at MUTBI (Manipal University Technology Business Incubator).

2) Forming a team-Getting the right mix of individuals for the team was initially very difficult.

NTA: What is an average workday like for you?

Priyadeep: No two days are ever the same, every day is different. I work 12-15 hours a day and sleep for about 4-5hours.

NTA: What are the most crucial things you have done to grow your business?

Priyadeep: Building a team was the most crucial part for me.

I currently have 5 members working full time and 20 interns.

 NTA: What’s the worst business advice you’ve ever received?

Priyadeep: Worst business idea I have ever received is “You have to lie and make things up to sell your product.” For example if a pencil costs Rs 1 to make, sell it for Rs 10.

I have never implemented this.

NTA: What’s the best business advice you’ve ever received?

Priyadeep: Listen to your heart and have the courage to follow your heart and intuition.

NTA: What is your favourite book/movie of all time?

Priyadeep: The Godfather by Mario Puzo is my favourite book and it is also my favourite movie of all time.

NTA: Which inspiring personality past/present would you like to have dinner with? Why?

Priyadeep: Steve Jobs

He was my biggest inspiration. He did what he liked, lived life on his own terms. Being the richest man in the cemetery did not matter to him. Going to bed at night feeling that he had done something wonderful, that’s what mattered to him.

NTA: If you were to start another business, what might it be?

Priyadeep: I am a big foodie, I love to eat. So I would probably start a restaurant.

NTA: Many entrepreneurs complain about not succeeding in business due to lack of adequate funding, what is your take on this matter?

Priyadeep: They are not entirely wrong in complaining. It is comparatively easier starting up in the US than it is in India. In India every tiny detail is scrutinised and is very difficult to start up by yourself without help. In the US start-ups receive more help both financially and otherwise.

NTA: How would you describe your leadership style?

Priyadeep: I am a team player at heart. I treat my team like my family. I do not like bossing people around unless it is necessary.

NTA: In your opinion, does an entrepreneur need an MBA to be successful? Are you planning to do an MBA in the future?

Priyadeep:  I don’t believe an MBA is necessary for being successful as an entrepreneur. An MBA becomes necessary when you are moulding someone to take the top management seat in an already established company. I would not do an MBA in the near future, say in the next 6 – 8 years.

NTA: Finally, Your advice to young entrepreneurs

Priyadeep: Do what you like to do, go by your gut instinct and stop worrying about other trivial things.

Link to Facebook page: https://www.facebook.com/AOGES?ref=stream

You can follow Priyadeep on twitter@PriyadeepSinha

Website: http://www.addongyan.com/

Blog: http://priyadeepsinha.com/

-Interviewed by

Harshith Mallya

Campus Ambassador,

Nurture Talent Academy

 

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