An Engineer from BITS Pilani and a Graduate in Management of Technology from the School of Engineering and The Wharton School of the University of Pennsylvania, and holds a Diploma in Global Leadership & Public Policy from The Harvard Kennedy School of Government. He truly believes in the power of cost effective innovation on all aspects that will lead to value creation across the world, A voracious reader, an avid golfer and an ardent traveller, Ajay spent almost a decade living in the US and across the world and now lives in Gurgaon. In 2011, he was awarded the CNN IBN Youth Icon / Young Indian Leader. Ajay has also authored the bestselling book, ‘Lost Wisdom of The Swastika’. Founder – HarVa(www.harva.co.in) Founder – KFN (www.kfn.org.in)
IMBA students often possess an advantage over other prospective entrepreneurs. According to Small Business Trends, 80% of small business owners hold a bachelor's degree or lower, with just 16% of small business owners holding a master's degree. MBA students benefit from advanced business training -- particularly those who pursue an entrepreneurship concentration or choose electives in entrepreneurship.
Entrepreneurs innovate, dreaming up new products and services that can transform the world. Successful entrepreneurs know how to avoid the pitfalls of starting a business and set themselves up for success. Our entrepreneur guide targets MBA students and provides step-by-step instructions for how to become an entrepreneur. Keep reading to learn how to transform your big idea into a successful business and be your own boss.
MBA students wondering how to become an entrepreneur can follow our 10-step entrepreneur guide to jump start their entrepreneurial journey. While the specifics vary depending on the industry and the product or service, our entrepreneur guide provides a general roadmap for MBA students who want to start a business.
MBA students with an idea can start by asking themselves if their product or service fills a void in the market and who it will help. These questions help prospective entrepreneurs determine whether an idea can sustain a business. In particular, conducting research on market demand plays a central role in transforming a big idea into a business plan. In fact, research from CB Insights shows that a lack of market need represents the number one reason startups fail, accounting for 42% of startup failures.
Will getting an MBA make you a better entrepreneur? Almost certainly. An MBA provides advanced training in business, strategic decision-making, leadership, and management. Earning an MBA can also highlight an individual's entrepreneurial skills, which may impress potential investors. However, entrepreneurs should not stop learning once they earn their degree. Working as an entrepreneur requires a lifelong commitment to learning. Entrepreneurs can pursue formal education after earning their MBA, including certificates or credentials related to their specialty.
There is a strange phenomenon of Hindu temple as they are place of experimentation. We do darshana. The Sanskrit word for philosophy is darsana, which means direct vision. The words symbolize the difference between modern Western philosophy, which mainly relies on an intellectual pursuit and Indian philosophy that relies on a direct vision of truth and pure Buddhi (reasoning). All systems of Indian philosophy claim to be derived from the Veda but the Veda itself is a record of the sages who realized the truth within. To solve life’s questions related to nature of life, death, birth, and cosmic or individual existence, they started making rational inquiries and observations. Unable to find satisfactory answers, they discovered various methods of meditation that help one attain higher levels of consciousness in which one may directly experience the truth.
Each school originated with an enlightened teacher who described his experiences of the truth and method of attaining it. Indian philosophy started with simple levels of human understanding, incorporated the direct experiences of sages down the centuries to become a vast and thorough body of knowledge. Tradition, respect for ancient sages, and infinite quest for knowledge make Indian philosophy so vast that it is difficult for people of other countries to fathom how a group of men could have delved so deep into human nature.