Tag Archives: Entrepreneurship

Entrepreneurship for Kids- Classes 6 to 9

Workshop / Course Content:

This is a 1 day workshop on Sunday (January, 6 2019). In this workshop children will learn basics of entrepreneurship, managing money, saving, sharing and spending. Exposure to markets and stocks will also be discussed (Public and Private Companies). The course will also encourage reading habits. Encourage children to ask questions and also inculcate the habit of saving. Children will be asked to come up with entrepreneurial ideas that solve problems and take part in entrepreneurial group discussions with other kids.

register now

 

Prerequisites for attending:

Read about 2 businesses you like.

Location:

DCKAP

L76A, L Block, 21st Street, Anna Nagar East

Chennai 600102

Who can register?

Children from Classes 6 to 9

When is this happening?

January 6, 2019 9:45  am to 12:30 pm

Course/Workshop Fee:

Rs. 490

register now

Students Limit:

20 (Registration is on a first come first basis only)

Questions?  – You can post your comments here in the comments section below (or) submit a question (or) You can call +91-8939548303

P:S Thanks to the overwhelming response to the first Entrepreneurship for kids workshop we had in July 21-22, 2018 this year (for Kids Classes 1-5). You can watch the video in the youtube link here.

Entrepreneurship for Kids

Workshop / Course Content:

This is a 2-day workshop Saturday (July 21) and Sunday (July 22) from 10 am to 12:30 pm. In this workshop kids will learn basics of entrepreneurship, managing money, saving, sharing and spending. The course will also encourage reading habits for the kids. Encourage kids to ask questions and also inculcate the habit of saving. Kids will be asked to come up with entrepreneurial ideas that solve problems and take part in entrepreneurial group discussions with other kids.

register now

Entrepreneurship for Kids

Prerequisites for attending

A Book that you have completed reading and would also like to donate to other kids.

Read about two businesses you like and be ready to share some information about the same.

Location

DCKAP

L76A, L Block, 21st Street, Anna Nagar East

Chennai 600102

Who can register?

Children from Class 1 to 5 (Ages 6 to 11)

When is this happening?

July 21 and 22,  10 AM to 12:30 PM

Course/Workshop Fee

Rs. 975

register now

Students Limit

22 (Registration is on a first come first basis only)

Questions?  – You can post your comments here in the comments section below (or) submit a question (or) You can call +91-8939548303

The Hard Thing About Hard Things – Ben Horowitz – A Must Read

The Hard Thing About Hard Things by Ben Horowitz is a great read. Ben Horowitz is the co-founder of Andreessen Horowitz and one of Silicon Valley’s most respected and experienced entrepreneurs offers essential advice on building and running a startup. The ’Hard Thing About Hard Things’ is not an autobiography and as the title suggests, hard things are hard. Ben talks about persistence and trusting your gut instincts.

He offers insights into hiring his ace salesman Marc Cranney when the board thought he was not the right choice. This paid great dividends. Successful sales is a result of everyone’s work. CEOs should spend a lot of time on hiring and ensure the hiring process set forth by the company constantly brings in the best people. Great CEO’s constantly assessed if they continue to bring in the best people and team on board.

Ben also talks about

  • having regular one on one meetings with the employees.
  • Being transparent with things.
  • Not just painting the good picture, however also being transparent with the problems and encouraging teams to come up with ideas to solve them.
  • Not keeping setbacks to oneself. The more brains that are working on hard problems, the better.

Culture

Culture will be the biggest differentiator. However, great culture with no viable or a thriving business does not make sense. You need to get the product and the business right. This is where culture will help to expand and grow. Employees should be asking questions. If they don’t, you have a problem.

Product

It is important to make your product 10 times better / offer more value than what is being offered in the market. Otherwise, there is not enough motivation for the customer to switch. Gain market shares fast on what you are selling.

Karthik Chidambaram DCKAP

The Book and the Author

Job of a CEO

CEO‘s job is knowing what to do and getting the company to do what you want. Here is another interesting observation from the book. “Don’t clown people in front of their peers. While it’s okay to give certain kinds of feedback in a group setting, you should strive never to embarrass someone in front of their peers”. Once the company is off the ground and stable enough it makes sense to pay the CEO at market salary. You should spend a lot of time on training your staff. This is the best investment one can make for his team. If you have more than 3 new initiatives in a quarter, you are trying too much.

The company should be a place where employees believe that as long as they keep doing their job well, the company will take very good care of them in all aspects. CEO cares more about the employees than she cares about herself. Ben recommends not being too positive. “ My Single biggest personal improvement as a CEO occurred on the day when I stopped being too positive”

Ben talks about a Good Product Manager and a Bad Product Manager. This is widely referenced on the internet. Here are some key qualities he outlines.

Good Product Manager

  • A good Product Managers is the CEO of a product. He lists the qualities of a good product manager.
  • Good Product managers take full responsibility and measure themselves in terms of the success of the product.
  • Good Product managers are marketing counterparts to the Engineering Manager
  • Good Product Managers anticipate the serious product flaws and build real solutions
  • Good Product Managers focus the team on revenue and customers

Hard things are hard because there are no easy answers. Running a company is always a roller coaster ride. Ben’s company Opsware stock plummeted below $1 and was close to being delisted from the stock exchange. The kind of strategies he deployed, people he met and to turn around the company, persistence paid off. He ended up selling Opsware for over $1B.

Not only Ben shares his learnings and experiences in this book, one thing I found interesting was his reference to other books he read. One such mention (multiple times) was High Output Management by Andy Grove. This is my next read.

Organizing the Un-Organized – OLA AUTO

A couple of years ago, I was naive to think that the auto (three wheeler travel vehicle in India – used similar to a taxi at a lower rate for passengers) would be non-existent in a few years and the drivers would move on. I was wondering why the drivers who are adept at driving autos are not moving to driving cars as it would be a natural progression.  The problems for autos were plenty:

  • The prices were not regulated.
  • When you talk to a driver, you never know if he would accept your request based on your destination.
  • If the destination is a fit, price does not match and there is a 3 minute bargain with the diver while the fuel in the auto gets wasted.
  • Once you accept the ride and get in, when the auto nears the destination the driver is upset that the location is far than what he had originally assumed.

The state tried its best at times to regulate the auto fares and sometimes they ignored for various reasons. The driver’s were not to be blamed because of the overhead costs they would have to pay when driving. Things were just not working out and it was a never ending story.

IMG_6259-compressed

OLA made an announcement that it will expand its reach to the autos in Chennai. My immediate reaction was that the system would fail. It is a herculean task to get the auto-drivers organized unlike the cabs. I heard about OLA AUTO in Chennai from my mom and every time I would walk down the street to get an auto, she would ask me to use OLA.

I installed OLA App on my phone and requested an auto through the app. I was immediately able to call the driver / vice versa to confirm directions. The maps was accurate as it picked my exact address. I had my first OLA Auto ride, a week ago.  The driver was very happy and all I had to pay was Rs. 10 over the meter price. No bargaining, no destination checks, no complaints from driver / and more. This was exciting. On regular chats with the drivers:

  • They are very happy about the service.
  • More autos are getting registered with OLA.
  • No complaints about what they make every day. They understand and fall in line.
  • If it goes this way, they will have a decent living.

I also met a driver who works full-time as a Car driver in a household and drives an auto (via) OLA for a few hours in the night. It makes perfect sense as the booking app helps find him customers.

This is a great example of big ticket Entrepreneurship. Solve problems and grow your business. Your country adapts to your entrepreneurship dreams and you not only create a business, more importantly you make livelihood easier for other people in your country.

Dream Big – If one were to think about working with thousands of drivers in the un-organized sector, it is difficult even today, however this is where the opportunity is. You do not depend on the Government for everything and the State looks up to you for assistance for solving their problems. Better economy, better lives and better opportunities.

Thank you OLA! This could very well be your honeymoon period, so keep innovating!  We love you and also learn from you on how to adapt one’s business to the location being served in, solve problems and scale.