Innovative Entrepreneurship Development

1. Innovative Entrepreneurship Development By D.T.Barki Founder & Managing Director Noble Energy Solar Technologies Ltd Hyderabad ITM WARANGAL/DTB/NOV O5

2. Who’s an Entrepreneur? • Farmer is the world’s first and last entrepreneur! • Because: • He does not need formal education to be an enterprise! • He is born risk taker • He never blames anyone when his yield from the field is poor! • He simply follows the nature • Whenever he falls he simply gets up and gets on; he will never term it as a failure! • He may not memorize the name of an evening raga, but he may hum one! • He never produces for his own use! • There’s no point in building enterprise that generates employment for themselves! ITM WARANGAL/DTB/NOV O5

3. How To Build an Enterprise? • Simple: Follow the nature! • Why? Nature does nothing useless, thus said Aristotle • Man is the only animal who builds his house for more than one generation (and creating unemployment for next generation civil/architect engineers!) • E.g., look at the bird’s nest! • NEST is not the abbreviation of Noble Energy Solar Technologies! … ITM WARANGAL/DTB/NOV O5

4. Building Enterprise • Plan Big, Start small • Mission statement: Social oriented rather than material oriented. (May fall but not down) (A billionaire with difference) • Operating Plans: Material oriented • Micro-enterprise should have plans to become mega-enterprise (indicate roadmap and milestones – when?) ITM WARANGAL/DTB/NOV O5

5. Building Enterprise….(contd) • Building enterprise is not building office building: it’s in building the unique product and project • Lotus-ism: Put five star style in the product, not in the living (for micro-enterprise only) ITM WARANGAL/DTB/NOV O5

6. Building Enterprise….(contd) • Build teams inside and outside the enterprise • Plan & Build network as if you own the whole world! ITM WARANGAL/DTB/NOV O5

7. 10 Characteristics of a Forthright Entrepreneur • IMPATIENCE • AWARENESS • INNOVATION • PRAGMATISM • APPRENTISHIP • SEDUCTION • FLEXIBILITY • STUBBURNNESS • JOY • INFECTIOUSNESS ITM WARANGAL/DTB/NOV O5

8. 1. IMPATIENCE *Does not wait for things to happen *He sees yesterday’s problems as today’s opportunities *His impatience causes him to change direction ITM WARANGAL/DTB/NOV O5

9. 2. AWARENESS *Knows that he is not alone in this world. *He lives in peace ITM WARANGAL/DTB/NOV O5

10. 3. INNOVATION *Believes that everything could be different from the way it is, but first he must take a path that has never been taken *Irrespective of hurdles he finds alternative ways of making himself heard ITM WARANGAL/DTB/NOV O5

11. 4. PRAGMATISM *Does not wait around for the ideal resources required to begin his work *He rolls his sleeves and sets to work *His and his associates confidence increases and the resources he needs always turns up! ITM WARANGAL/DTB/NOV O5

12. 5. APPRENTISHIP *Usually has a profound interest in a particular area, and his detailed knowledge helps him find new solutions to old problems ITM WARANGAL/DTB/NOV O5

13. 6. SEDUCTION *No one can survive alone in this competitive world: aware of this…… *Tries to get other people interested in his ideas ITM WARANGAL/DTB/NOV O5

14. 7. FLEXIBILITY *Has an idea in his mind and a plan to make it reality *But constantly adapts to changes ITM WARANGAL/DTB/NOV O5

15. 8. STUBBURNNESS *Can be flexible about his path, but he is, at the same time, focused on his goal *Will never say “I tried that and it did not work” ITM WARANGAL/DTB/NOV O5

16. 9. JOY *Encounters difficult moments, but is happy with what he does. *The inevitable mistakes or blunders he makes do not make him doubt his abilities, for he is able to smile when he does something wrong – *He knows he will be able to put it right later on! ITM WARANGAL/DTB/NOV O5

17. 10. INFECTIOUSNESS *Has a unique ability to make the people around him realize that it is worth following his example *He will, therefore, nevr feel alone, even though he may occasionally feel misunderstood ITM WARANGAL/DTB/NOV O5

18. NEST: An Enterprise A case • 2001: Aishwarya™– affordable solar lamp to replace unsafe kerosene lamps launched with its first batch of 60 lanterns dispatch • 2005: Has become a global co. with 45 countries from 5 continents associated with it! ITM WARANGAL/DTB/NOV O5

19. Keys to Success(How to beat Competition?) • Select Passionate Product/project • New and Innovative approach • Never launch until the product is proven and field tested • Watch for duplicators: If your product is copied by more people within no time – it’s time for you to be on the top! Imitation is the best form of appreciation! Never mind duplicators! They can never duplicate your project! Your USP should be the project innovation • Believe in your uniqueness in this world. And believe that you can create something unique for this wonderful world ITM WARANGAL/DTB/NOV O5

20. Nothing Succeeds Like Success • The world belongs to those who dare and achieve. (e.g., Now worldwide Funding organizations come to fund NEST! But NEST needed them in the start up. • Risk and success are brothers! Greatest risk in life is not taking risk! ITM WARANGAL/DTB/NOV O5

21. …Success • Unfortunately, success is evident only in its destination (not in its journey!) • If you are struggling it is sure sign that you are living and kicking • Suffering is not struggling! • Success is in excess! ITM WARANGAL/DTB/NOV O5

22. Dream There is no charm in dreaming small, Dream Big! It does not cost you!! ITM WARANGAL/DTB/NOV O5

23. Thank you ITM WARANGAL/DTB/NOV O5