Upload
augustine-jose
View
150
Download
4
Tags:
Embed Size (px)
Citation preview
.AN INTRODUCTION
TO
ENTREPRENEURSHIP
Entrepreneurship
The process of creating wealth
by bringing a unique package of resources
to exploit an opportunity
WARREN EDWARD BUFFET
“Oracle of Omaha”
Chairman and CEO of Berkshire Hathaway, a conglomerate holding company with its headquarters in Omaha
Aged 80
Childhood days
Showed interest in making and saving money Door to door selling
Chewing gum Coca Cola Weekly Magazines
Worked in his grandfathers grocery store Delivered newspaper
Initial Investments
Bought a used pinball machine in partnership with a friend and placed it in a local barber shop
In few months, the partnership had several machines in different locations
Sold the whole business for a lump sum amount
Stock Market At the age of 14 Warren Buffet made
his entry into Share Market He invested the amount he received
from selling his pinball machines into various companies and a farm
By the time he finished his college he accumulated around $90,000 in savings measured in 2009 dollars, which will be more than Rs.40 lakhs
Career
Worked as a stock broker at Omaha Taught “Investment Principles” at
University of Nebraska Joined Banjamin Graham’s
partnership His starting salary was $12,000
Approximately $97,000 (Rs.45 lakh) adjusted to 2008 dollars
Partnership Businesses
In 1956 Banjamin Graham retired Buffets personal savings were above
$174000 above $1.2 million (Rs.5 crores) adjusted
to 2009 dollar value Started Buffets partnership Ltd Entered into various partnerships
As a billionaire
Net Worth – US $45 billion (2010) Ranked second wealthiest in 2009 Currently ranked as third wealthiest Noted for his personal frugality
despite his immense wealth Have pledged to give away 99% of his
fortune for philanthropic causes primarily via Gates Foundation
Buffet still lives in $31,500 house which he bought in 1957
Warren Buffet with Bill Gates
Warren Buffet with US President Barak Obama
Sunil Bharti Mittal
Profile - Sunil Bharti Mittal
Chairman and Managing Director of Bharti Enterprises.
A US$7.2 billion turnover company Runs India's largest GSM-
based mobile phone service In 2007, Sunil Mittal was awarded
the Padma Bhushan, India's third highest civilian honor
Early Stages
A first generation entrepreneur Mittal started his first business in April
1976 at the age of 18 Initial capital investment was
Rs.20,000 borrowed from his father His first business was to make parts
for local bicycle manufacturers
Growth Stages
In 1980 he sold his bicycle parts and yarn factories and moved to Mumbai
In 1981, he purchased importing licenses from other companies
Imported Suzuki Motors's portable electric -power generators from Japan
The importing of generators was suddenly banned by the Government
Telecom Industry In 1984, Sunil Mittal started assembling
push-button phones in India Bharti Telecom Limited (BTL) was
incorporated Entered into a technical tie up with Siemens
AG of Germany for manufacture of electronic push button phones
By the early 1990s, Mittal was making fax machines, cordless phones and other telecom gear
As mobile phone operator
In 1992, Sunil Mittal successfully bid for one of the four mobile phone network licenses auctioned in India
One of the first Indian entrepreneurs to identify the mobile telecom business as a major growth area.
In 1995, launched services in Delhi
Airtel
Bharti Cellular Limited (BCL) was formed to offer cellular services under the brand name AirTel
Bharti became the first telecom company to cross the 2-millon mobile subscriber mark.
Bharti also brought down the STD/ISD cellular rates in India
New Venture
In November 2006, Sunil Mittal struck a joint venture deal with Wal-Mart, the US retail giant, to start a number of retail stores across India.
Managing Director
V Guard Industries
Veega Land Cochin
Wonderla Bangalore
Career
Kochouseph Chittilappilly started his career as a Supervisor in an electronics company, Telics, a medium-scale company in Thiruvananthapuram promoted by the state government to make electronic stabilisers
He served there for three years
Formation of Partnership Firm Chittilappilly founded V Guard
Industries Ltd in 1977 with two employees for making stabilisers in partnership
The company's initial production was 50 stabilisers per month
He used to ferry his products in Thiruvananthapuram on a Lambretta scooter, hard selling his wares
Own Venture
In 1992, the partnership concern was dissolved and Kochouseph Chittilappilly continued the business as a proprietary concern
1996, the company was incorporated under the name of V-Guard Industries Limited.
Veega land, Cochin
started in April 2000, with an investment of Rs 60 crore
Veegaland was India's first amusement park to be awarded the ISO 14001-2004 for environmental friendliness and conservation of natural resources
Wonderla, Banglore
started with an investment of Rs 85 crore
Wonderla is one of the largest amusement parks in India
Kochouseph Chittilappilly considered as one of the most
successful businessmen in Kerala He authored a book, Practical Wisdom
which is an account of practical management techniques from his personal experiences as an entrepreneur
won many prestigious awards and recognitions
Rs.300 Crore Business House
Women Entrepreneurs
Beena Kannan
1980 After university joined the family textile
retailing business, working with her father and husband.
She became one of the most noticed wedding silk sari designers in south India
Her unique contribution appears to be her efforts to retain the pride of place for saris even in the face of onslaught from Western and North Indian fashions.
Achievments Beena Kannan attracted attention when the
longest ever silk sari created by her (half a km long) entered the Guinness Book of Records and Limca Book of Records in 2007.
She has launched her sari designs in UAE (2007) and USA (2009).
In 2009 received “Lifetime Achievement Award” from Coimbatore Erode Weaving community
Thank You