Mantra for growth: Proper planning, perfect strategy
Expert panel at Innovators Roundtable, hosted by NSRCEL at IIMB, discusses ways to help entrepreneurs scale up
March 24, 2015: The challenge to the growth of an entrepreneur is her preparedness to scale from a proprietary set up to a company format. The entrepreneur could feel overwhelmed by the challenge of unlocking the full potential of her business model and raising capital and that’s where sessions on strategy, planning and best practices could come in handy, observed a panel of experts at the innovators roundtable at IIM Bangalore on March 24 (Tuesday).
Themed around ‘Building Foundation for Growth’, the roundtable was jointly hosted by the Indian Institute of Corporate Affairs and the NSRCEL at IIM Bangalore.
“Dream big, but start small,” advised J K Jolly, Joint Director, Indian Corporate Law Service Academy, Ministry of Corporate Affairs to a packed auditorium comprising aspiring entrepreneurs, students and incubatees of NSRCEL.
Offering a brief overview on entrepreneurship and different business formats in the Indian context, he said: “A successful trade is all about proper planning and perfect strategy.”
The panellists included M R Bhat, Registrar of Companies (ROC), Bengaluru; Dr Bhaskar Chatterjee, DG & CEO, Indian Institute of Corporate Affairs (IICA); Neela Badami, Partner, Samvad Partners; Debraj Mookerjee, Professor, IIT Delhi and Anil B Suraj, Visiting Faculty, IIMB. “We are willing to do anything to encourage entrepreneurship and we are grateful to IICA for providing a platform and opportunity to be a part of the evolution process,” said G Sabarinathan, Associate Professor, Finance & Control area, IIMB, who moderated the panel discussion.
The panel discussed how different formats of business, be they a one-person company, a limited liability company or a private limited company, have their own set of challenges and that consolidating the foundation of any business calls for management of future courses of action.
“It is delightful to see a growing number of young confident people who want to start their own organizations and grow their ventures with a vision. However, when we deal with young entrepreneurs, we have to teach them about best practices that have made good ventures great,” pointed out M R Bhat.
“The beauty of innovation is that you can make mistakes as part of the learning process but will have to learn from them and keep going forward until we succeed,” observed Divya Rajput, Head-Centre for Business Innovation, Indian Institute of Corporate Affairs, New Delhi, who anchored the panel discussion.
Mantra for growth: Proper planning, perfect strategy
Expert panel at Innovators Roundtable, hosted by NSRCEL at IIMB, discusses ways to help entrepreneurs scale up
March 24, 2015: The challenge to the growth of an entrepreneur is her preparedness to scale from a proprietary set up to a company format. The entrepreneur could feel overwhelmed by the challenge of unlocking the full potential of her business model and raising capital and that’s where sessions on strategy, planning and best practices could come in handy, observed a panel of experts at the innovators roundtable at IIM Bangalore on March 24 (Tuesday).
Themed around ‘Building Foundation for Growth’, the roundtable was jointly hosted by the Indian Institute of Corporate Affairs and the NSRCEL at IIM Bangalore.
“Dream big, but start small,” advised J K Jolly, Joint Director, Indian Corporate Law Service Academy, Ministry of Corporate Affairs to a packed auditorium comprising aspiring entrepreneurs, students and incubatees of NSRCEL.
Offering a brief overview on entrepreneurship and different business formats in the Indian context, he said: “A successful trade is all about proper planning and perfect strategy.”
The panellists included M R Bhat, Registrar of Companies (ROC), Bengaluru; Dr Bhaskar Chatterjee, DG & CEO, Indian Institute of Corporate Affairs (IICA); Neela Badami, Partner, Samvad Partners; Debraj Mookerjee, Professor, IIT Delhi and Anil B Suraj, Visiting Faculty, IIMB. “We are willing to do anything to encourage entrepreneurship and we are grateful to IICA for providing a platform and opportunity to be a part of the evolution process,” said G Sabarinathan, Associate Professor, Finance & Control area, IIMB, who moderated the panel discussion.
The panel discussed how different formats of business, be they a one-person company, a limited liability company or a private limited company, have their own set of challenges and that consolidating the foundation of any business calls for management of future courses of action.
“It is delightful to see a growing number of young confident people who want to start their own organizations and grow their ventures with a vision. However, when we deal with young entrepreneurs, we have to teach them about best practices that have made good ventures great,” pointed out M R Bhat.
“The beauty of innovation is that you can make mistakes as part of the learning process but will have to learn from them and keep going forward until we succeed,” observed Divya Rajput, Head-Centre for Business Innovation, Indian Institute of Corporate Affairs, New Delhi, who anchored the panel discussion.