Entrepreneurship session at IIT Kanpur

Entrepreneurship Cell (E-Cell) team at IIT Kanpur invited me to talk about “idea to business-plan” to some students (budding entrepreneurs). I ended up speaking about different things, hopefully I covered what they were looking for.

I mostly iterated what successful leaders, entrepreneurs and businessman have shared over the years.

A very brief and high level outline of my talk:

  • started session with Derek Sivers‘ Ted talk “How to start a movement
    • an entrepreneur is seen as half-naked guy who is dancing alone, different from crowd, in Indian society.
    • it takes courage to start something while you have choice to work for the best companies
    • there would be skeptics but don’t worry about that.
  • what it takes to be an entrepreneur?
    • get going and get your feet wet, enjoy challenges, trust your instincts, get a good mentor, learn from experiences, learn from others)
    • be prepared for uncertainty, rapid growth, quick and drastic changes, limited resources and resource conservation
    • respect time, short cycles and more results
  • some stories
  • YouTube: first in solving problem but very late in figuring out business-model
  • Flickr: their idea and usefulness
  • Bulkr: how Prakaz came up with a useful product, while he is/was in job. Build something that you would use
  • Directi: about two brothers who have built a great company with little or no funding
  • Allies: why we got started, how we do some things, some pains and gains
  • some books
    • Blink: instinct and intuition. what customers do? how they do? avoiding asking what they want because human preferences are unstable
    • The Tipping Point: why certain ideas tip
    • ReWork: a new way of thinking business
    • Freemium: business model. why freemium works? examples: google-apps, e-books, etc.
  • some of my experiences
    • funding: bootstrap on your own, if you can. or take as less as you can from outside. retain control and ownership. go to someone who can not only give you money but also be your mentor
    • hiring: difficult to attract smart folks. share your ideas/vision. give equity instead of high salaries
    • operations: equally important. be ready to take care of things so that your team can execute your ideas
    • challenges: getting ideas executed, getting customers, getting a good team, getting a good accountant, etc.
    • sales/marketing: various market-places, complicated tender process, social-media, word-of-mouth, freemium
    • retaining customers: commitment, think of them before your own personal gains, good process, good support
  • importance of connections
    • keep in touch with everyone you know or would know
    • go and enjoy parties (twitter, linkedin, facebook)
    • follow gurus and interact with them over social-networks (twitter, facebook, linkedin)
    • go out, help others and get helped

After session, couple of teams discussed their ideas with me and wanted my thoughts. I shared what I knew, hope I could be of some help.

Thanks to entire IITK E-Cell team for inviting and giving me an opportunity to share some of things I know. It feels great to give back.

I already know, I need to get better speaking on stage. With every opportunity and effort, I am getting better. Hopefully, I can engage audience and be entertaining in coming years.

I would hopefully elaborate some these items, when I feel like. I am posted these as a record/note to myself, before I forget what I talked about :-)

  • Good to see, you are back on track after couple of years of ups and downs. Now you are already pushing things, before you knew it. And thats I think is important in every phase, whether its life or job or company. Self believe.
    Best wishes.

  • Karan

    Abdul, thanks for sharing your talk. I am really keen to learn more about “entrepreneurship”. It will be great if you can share your experience as an entrepreneur.

    Will be looking out for more posts in this column.

  • Hey Abdul – Good to see you sharing your journey with next gen.


    • Hey Brij,

      Yeah trying to express what I have experienced, also trying to learn from everyone. Talking about your thoughts and experiences to others, get those validated.

      What you say about above talk? Feedback (additions. modifications. corrections.)?

  • Sudiptojoel

    Hi, Nice to see you shared ur experience…