1. 01-06-2016 1Entrepreneurship
By: Beyaas Bhattacharjee
Roll no.- 198

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Starting a business, typically
a startup company offering
an innovative product,
process or service. The
entrepreneur perceives an
opportunity and often
exhibits biases in taking the
decision to exploit the
opportunity.

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5. Talent
 Creativity
 Courage
 Focus
 Networking
 Opportunity sorting
 Resourcing
Technique
 Skill sets
 Experience
 Techniques to develop and
manage temperament
Temperament
 Ego drive
 Mission
 Activator
 Dedication
 Competition
 Responsiblity
 Performance
 Opportunity
taking
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6. You can work at
your own pace.
Freedom to
spend your time
doing what’s
important to
you.
You have the
power to create
something from
nothing. The
opportunity to
control your
destiny.
A world of
knowledge is
available
Location
independence .
Different
environments
can foster
innovation and
creativity.
The chance to
leave a lasting
legacy. You will
have the time of
your life
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7. OlaCabs, popularly known as ola, is a mobile app for
personal transportation in India. Ola started as an
online cab aggregator in Mumbai, now based out
of Bengaluru and is among the fastest growing
businesses in India.
Founded on 3 December 2010 by Bhavish Aggarwal
(currently CEO) and Ankit Bhati. By 2014, the company
has expanded to a network of more than 200,000 cars
across 85 cities. Value of ola as on September 2015 is
$5 billion.
Ola provides different types of cab service ranging
from economic to luxury travel to auto taxis. The cabs
are reserved through a web browser or a mobile app.
This cab service supports both cash and cashless
payment options with Ola money. It claims to clock an
average of more than 150,000 bookings per day and
commands 60 percent of the market share in India.01-06-2016 7Entrepreneurship

8. Top reasons why start ups
fail
 Building a wrong product
Not being able to build the right team
Lack of unique value propositions
Failing to pivot or change directions
No mentors or advisors
Slowness to launch
CEO/founders unable to make decisions
Unaware of market competitors
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Dark
side
Health
conditions
Sense of
distrust
Failure
more often
than
success
May not be
able to raise
money/go
cashless
Cofounders
may leave
you mid
way
Self worth
issues

10. Tips to begin with...
 Don’t blindly follow the herd
 Overcome failures by
assessment, recalibration and
pivoting
 Communication and culture are
key to start up success
 Pursue inflection points
 Think positive, though the world
is not equal or predictable
 Stop obsessing about exits
 Stay the course
 Spot trends – and trucks
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