"Every stage of life is an opportunity to enhance your knowledge and to gain an experience out of it!"
Dr. V.G Patel, founding Director of EDI and former economic advisor to GIDC, currently chairman of CERC, shared his experience and insights on entrepreneurship at the Open Discussion Series, Prerna, at the Shanti Business School. He spoke at length on his view of “success mantras” and lessons from high achievers. Every stage of life is an opportunity to enhance your knowledge and to gain an experience out of it, he said. Failure is always learning - you learn from it and start taking the challenge head-on. He brought out the fact that India has had planning capability but always struggled to execute its plans. To be a successful entrepreneur there are many elements which are involved; also one person creates an opportunity but, to achieve a project there has to be a combined efforts of experts from respective domains critical to the project.
He also focused on what makes a successful entrepreneur. As per a World Research it’s not age, religion, caste, family, place, community which determines it but these 13 factors :
- Capitalizing on an opportunity
- Information seeking skills
- Quality commitment
- Commitment to work
- Systematic Planning
- Problem Solving capability
- Self – Confidence
- Use of Influence Strategies
He concluded the session by sharing the 5 key elements which will not only make you a great entrepreneur but also a person. They are: Work, Family, Health, Friends, and Spirit. All five are equally important if one has to a winner. Quoting a Coca Cola CEO, he said life is juggling the 5 balls - only the Work ball is made of rubber while the others are made of glass and do not bounce back, so be careful!
His session was peppered with anecdotal references and advice to the students, amongst which stood out one of respect for their parents.
Debjyoti Sarkar, PGDM 2013-15 batch, said after the interaction: “I am an aspiring entrepreneur and this talk has been most insightful.”
About Shanti Business School (SBS):
Established in 2010 as a Corporate Citizenship Initiative of INR 4,000 Crore Chiripal Group of Industries, SBS has, within a very short period of its existence, firmly established itself as an Institute of distinction, attracting students from across the country to transform them into industry-specific talent, which is increasingly being preferred by the management industry.
SBS offers following Post Graduate Courses:
- 2-year Post Graduate Diploma in Management (PGDM): with specializations in Marketing, Finance, HR & Decision Sciences (Analytics)
- 2-year Post Graduate Diploma in Management – Communications (PGDM-C): with specializations in Digital Communications Management, Media Management, Advertising Management, and Development Communications Management
- In addition SBS also offers a 3-Year Bachelor of Business Administration (BBA) Degree
The cornerstone of SBS’ growth story has been its emphasis on an innovative, industry-driven and comprehensive curriculum taught by eminent academic faculty and industry professionals.