Entrepreneur | Entrepreneurship India » People

Narayana Murthy

Sagar — Sat, 08 Jan 2011 06:39:19 +0000

Founder of Infosys, Mr. Narayan Murthy is legendary person who brought Indian company in the listing of NASDAQ. He brought up the IT sector in India and created lot of employment opportunity in India. He dreamt of forming IT company with his six friends and his wife Sudha assisted in accomplishing dream. In the year 1981 when he was dreaming to have his company but somewhere was lacking behind in generating funds. The unknown savings of his wife Rs. 10, 000 helped him to take the first step which brought turning point in his life.
According to him people who strive to achieve their dream, people who work hard are not backward people, instead they are forward. Apart from giving new route to IT industry in India he is also known for his simplicity. He believes in sharing wealth with needy people. The more he gets, the more he shares. In the year 1991 when Indian doors for liberalization where left open, he got hold of this opportunity and then never turned back.
However huge his company may be but his way of living life is still simple. This small town Mysore boy has still not changed his life style and this can be know because still he does not know to drive a car. During Saturdays when drivers have off, Mr and Mrs Murthy prefer to travel by company’s bus. They are continuing to maintain low profile, then however good the amount of money they earn.
Narayan Murthy was offered for security of Z category when Dr Rajkumar was kidnapped by Veerappan. This gentlemen did not accepted the security offer as he does not want people near to him get to face disturbance because of security.
Childhood days of Mr. Murthy
Since his school days he was sharp in studies and would mark himself in crowd by intellectual means. His father was teacher in a high school and he belonged to poor family. He wanted to pursue engineering from Indian institute of technology that it IIT as it is the dream of every student. For entrance test they did not had any coaching classes and used to study in a stone Mantap. He did not had to struggle a lot in solving sums and used to help friends in studies.
During childhood days he was dreaming to get admission in IIT under the shed of tree. He appeared for the test and cleared it with good marks. His parents were happy to know the results but their financial condition was not so good that he can spend so much money behind engineering. All his friends went to complete their studies and that day Narayan Murthy decided that he would do something big in life. He was not jealous for friends nor he was angry, he just wanted to prove himself the superior without studying from IIT.

Today this man “Narayan Murthy” is right in front of us who brought high development in software industry. He says that institution is not making your life, you are the one who is making it by your own skills and hard work.

Women Entrepreneurs

Prathamesh — Fri, 08 Oct 2010 10:16:00 +0000

Multitasking work can be accurately done by women entrepreneurs as they have ability to handle work and household chores together. Ability to take and handle pressure can be found in women to greater extent. Their desire to prove themselves superior and to show they are nowhere far behind the men, brings in positive fighting spirit in them.

In country like India which is considered to be male dominant country, it becomes very difficult for women to prove themselves. Now the dominance has got reduced to greater extent and women power is increasing in various fields like business, sports, politics, etc. Talking about successful women entrepreneurs it can be said that they have ability to fight in a long run and to actually deal with difficult situations.

Following are some of the positive things which you can find in women entrepreneurs:

· They are quiet self disciplined and do not dare to disobey the rule.

· You can find good determination power and vision to become successful.

· Proper planning is followed by them depending on the vision.

· They have tactics to handle difficult situation.

· Good determination power.

· Positively accepting failure.

· Hitting nail at the correct time.

· Aptly making use of opportunity.

· Bring life to the business lifestyle.

· Accurately dealing with customers and using soft spoken language.

· Women have that in born talent to convince people.

· Tendency to respect business ethics and values.

· They trust their intuition while taking decision.

· Good interaction skills.

Following are some of the negative things which you can find in women entrepreneurs:

· Many times lack of confidence is found in women during the time of circumstances.

· During the tensed situation they avoid eye contact or sweats.

· You can find lot of complaining attitude and many times some have less adjusting capacity.

· Household disparities reflect their work to larger extent.

· Anger and unpleasantness comes out easily.

· Less control over emotions.

· Always good in making excuses and making faces.

· Expect understanding from everyone in business environment.

· Gives explanation for not to be done mistakes.

· Somewhere possess bitchy nature.

· They are not perfect in their words.

· Give aggressive reaction to vague matters.

· Emotional get involved in business.

· Their emotional side affects business decisions.

Above mentioned are some of the positive and negative points present in women. Negative points mentioned are quiet curable. For women entrepreneur it is very much important to learn that there is no place for emotions in business. You have to be strong enough to accept the fact and face the diverse situations.

Good presence of mind will help them to follow the correct path while running business. Women entrepreneurs need to keep personal and professional life completely different. These days you can find more of young women entrepreneurs as today young blood is very aspiring and have high ended dreams. If you look at today’s top women entrepreneurs, one thing can be said that proper determination, confidence and quick thinking can take anyone ahead in future.

Business Entrepreneurs

Prathamesh — Fri, 01 Oct 2010 09:46:00 +0000

When you work for yourself as a business entrepreneur you tend to put more amount of effort to achieve success. Even if you are working as home based business entrepreneurs you have to face challenging situations as nowhere competition is less. Effective business people are those who have correct timing of catching hold of opportunities and who possess ability to accurately deal with difficult situations.

What are challenges faced by business entrepreneurs?

Fund raising

You have a business plan ready; you are ready to implement the idea and what if during such situation you are not able to arrange for funds. There are various ways of raising funds like having public issue, opting for personal loan, gaining credits, etc. Depending on your business plan select the correct alternative and start the procedure of collecting funds. Fund raising is the challenging thing as here there is involvement of investors trust in you.

Identification of problem

Many time your efforts are hundred percent towards your business but then to the outcome is not good. Such situation arises when there is some hidden problem which you are not able to identify by your naked eyes. Identify the problem by digging various business related issues and try to think about problem from different perspective. Take help of other business associates to gain some solution as it is difficult for single person to identify particular problem.

Team building capacity

How important is your business team for your business? Business team possess group of people which participate in taking decision, planning strategies, etc. However talented you may be but some businesses require multiple people to perform task. It is always challenging job to build up strong team which can successfully deal with critical situations.

Correct location for business

Finding correct location for business is always a brainstorming job. If you are home based business entrepreneur then location will not be a problem for you. While looking for correct location some things which you need to consider are price of area, transportation avenues, access to labor, near to railway station, amenities, favorable law, political situation, etc.

Gaining quality customers

Once you are done with setting up of business then comes the part of gaining confidence of customers. To gain quality customers you need to adopt proper marketing strategies. Initially it is always difficult to gain desired customers as competition is tough in market for business entrepreneurs. In such situation you need to have skill of dealing with average or bad customers. During developing stage of business even bad customers are god for you.

Striving in competition

Competition is never less in market. However old your business is or you are new to business; competition faced by every business person is the same. It is always difficult to strive in competitive market and so be ready with different plans to deal with different kind of situations.

How to successfully come out of different challenges?

Collect details of your business

What business you are carrying? What is the motive of your business? Who are your competitors? What kind of strategies are to be adopted? How to gain customers? Get answers to all such questions as this can only help you to face challenges and bring positive outcome. Let different brains come together and find answers to different questions as this will help to look at situation from different perspective.

Understand competitor’s technique

Who are your competitors? Get answer to this question and then try to find out the business techniques used by them. This will help you in planning strategies and creating competitive environment. Make use of techniques which can bring you out as toughest competitor in market. Give fight by making use of brain rather than making use of powers.

Keep yourself positive

However tough the situation may be, do not lose your hopes, determination to work and positive attitude. Being positive can help you in a long run to achieve success. Today if situations are not in your favor, wait for tomorrow as you can make it work in your favor by showing positive attitude and correct amount of confidence.

Attend business related seminars

Try to attend more seminars and trade shows as they can add more to your kitty of knowledge. Keep socializing and be in touch with other business associates to learn the trends going on in market. Whether you are small business entrepreneur or large business entrepreneur, it is always good thing to attend seminars and participate in discussion sessions.

Understand marketing techniques

Keep a tab on marketing techniques used by your rivals as this can help you to give a tough fight. Whether you win or not is the second thing, but giving tough fight and marking your presence is also a big thing. Learn different marketing techniques and try to promote your business to maximum extent.

Make use of professional approach

Never bring in personal grudges in your business. Always make use of professional approach to deal with difficult situations. Showing professionalism in market can help you to build good image in front of other business associates.