ENTREPRENEUR MEANING
Vellayan Subbiah, chairman of Cholamandalam Investment & Finance Co, wins EY World Entrepreneur of the Year award
Vellayan Subbiah, executive vice-chairman of Tube Investments of India and chairman of Cholamandalam Investment & Finance Co, has won the EY World Entrepreneur of The Year 2024 title. Subbiah was chosen from nearly 5,000 businesspeople worldwide. India's fourth win in 24 years solidifies its status as the only country across EY regions to achieve this feat. Subbiah's leadership in his family's business and his transformation of TII, a 70-year-old manufacturing company, demonstrate his humble and personable approach to leadership.
Leadership with Heart: The awakening of the soul in business
Not only do empathetic leaders lead by example in pressure cooker situations, they also have a knack for using emotional intelligence.
Lesson for entrepreneurs: What are the common mistakes startup founders make and how to avoid them?
India has the third largest startup ecosystem in the world, with 1.17 lakh entities (DPIIT), nearly 1,710 venture capital funds, 794 accelerators and incubators (Tracxn), and several government initiatives like Startup India. Despite this fervour and support, financial and otherwise, the startup journey is extremely difficult.ET Wealth lists the typical mistakes most founders make and tell you how to tackle these
How startup founders can build the right MVP
Building an MVP allows you to test, iterate, and pivot your product based on actual user feedback with minimal resources.
Out of school, into startups: Young founders are on the rise, ready to even pause studies to chase their entrepreneurial dreams
In 2023, Ayush Pathak and Aryan Sharma founded Induced, assisting businesses in automating workflows with AI. Apoorv Singh launched Connect AI with Asta. Himanshu Rajpurohit's startup, Strangify, provides corporate mental health solutions. Dyumna Madan's ProjectClay helps students find career paths.
Murthy & Kris want next govt to ease way for entrepreneurs
Infosys founder NR Narayana Murthy said no country has solved the problem of its poverty without encouraging its entrepreneurs. Gopalakrishnan said the new government at the centre must push for more public and private spending on research.
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How Amazon Smbhav Venture Fund is funding small businesses with a digital-first focus
The fund’s portfolio includes investments across industries like consumer brands, healthcare and financial services; it has invested in brands such as Acko, Cashify, Fitterfly, Axio and M1xchange.
Turning trash into cash: Entrepreneurs redefine waste management
A growing number of entrepreneurs are turning trash into cash through tech and innovation. Can it make a difference to the mounting challenge of waste management?
ET Explainer: How Airchat works, and what its relaunch means for the social audio segment
Naval Ravikant and Brian Norgard have relaunched Airchat, a voice-centric social media app, which is quickly gaining popularity. The app focuses on audio recordings, and has currently opened access on an invite-only basis. Airchat aims to offer a unique user experience in the social audio segment.
Disgraced entrepreneur Sam Bankman-Fried sentenced to 25 years in prison for $8 bn fraud case
U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTX customers did not actually lose money and finding that he lied during his trial testimony.
Voice of pod: Why entrepreneurs are turning into popular hosts of podcasts
A marketing expert, who has worked with a unicorn founder on their podcast, points to two factors behind this chat show zeal. “Capital is scarce. It goes to people with high visibility. Also, while it takes crores of rupees to pull off traditional advertising, podcasts are low-cost with a massive impact because they work as content,” he says, requesting anonymity.
Voice of pod: Inside India's entrepreneur-led podcast boom
Entrepreneurs are turning into popular hosts of podcasts, which double as personal branding exercise as well as indirect advertisement for their companies and their guests.
Bounce-back tips from Gautam Adani: Five mantras for entrepreneurs
Gautam Adani, Chairman of Adani Group, shared his entrepreneurial journey and key principles for success at a recent YPO event. He spoke about the importance of resilience, managing complexity, embracing local models, withstanding criticism, and staying humble in the face of success.
Prudent’s Sanjay Shah on what latest AMFI circular means for mutual fund distributors
Sanjay Shah discusses the impact of the latest AMFI circular on mutual fund distributors and the opportunity it presents for wealth relationship managers. SEBI's comment on smallcap, midcap categories has led to a shift towards balanced advantage and largecap categories. Shah says: "Overall, we believe it is a good thing. It will definitely spur competition. The distributors have to pull up their sleeves and become more competitive on product basket, innovations, and services."
Amongst entrepreneurs; best and biggest will get most of the money: Manish Kejriwal
Manish Kejriwal from Kedaara Capital discusses the funding winter and predicts consolidation among entrepreneurs. Private equity funds are now more disciplined, focusing on unit economics and future profitable growth. There is a projected decline in financing in 2024, but green shoots are expected amidst the consolidation.
Starting up after 50: Lessons on entrepreneurship from the ‘wisdom generation’
Entrepreneurs over 50 are finding success by leveraging their years of expertise and experience. Vivek Srivastava, founder of Integrated Brand Heuristics, emphasizes the need for persistence and building a committed team. Daisy Malik, founder of The Roots Organic and Natural Store, highlights the challenges of marketing and advocating for organic food. Rekha Kochhar, founder of Boutique Bites of Health, shares her accidental journey into entrepreneurship and the importance of lifelong learning and innovation.
Multiverse of food-fluencers: Too many influencers mean the money pot is stirring only for some
In the throes of pandemic and amid extended lockdowns, even those less inclined towards cooking had started looking up food recipes online, widening the audience base of many culinary content creators. When Instagram launched Reels, it led to an unprecedented reach, paving the way for ‘foodfluencers’ to attain remarkable follower counts.
Mind Over Money | Advice to young entrepreneurs - clarity of mind enables decision making to discern opportunities: Shreedha Singh
“Yoga began as a fun or not-so-serious activity after my post-graduation but it has now become a thrice-weekly ritual. I use an app called Asana Rebel for yogas ranging from restorative to dynamic.”
Umesh Revankar on how new RBI norms will impact Shriram Finance & what Paytm partnership means
“The NBFCs which are basically into asset-backed lending, may not have much challenge. But the NBFCs which are modelled on the unsecured loan may have a certain challenge in raising resources or even cost of raising resources. So it depends upon the individual NBFCs. But as an industry, I feel the NBFC will have an alternative option of raising resources from other sources.”
The rise of the solopreneur: Reinvention is the key to career longevity
From waves of corporate layoffs to geopolitical instability to “quiet cutting” — when an employer does not fire you but reassigns you to a job you may not like — it all points to a realization that reinvention may be the order of the day when it comes to managing your career.
Indian climate action entrepreneurs win Prince William's Earthshot Prize 2023
In the "Fix Our Planet" category, Aadith Moorthy's Boomitra emerged as the winner for its work with struggling farmers the world over. "The last year has been one of great change and even greater challenge. A year in which the effects of the climate crisis have become too visible to be ignored," said William, the Prince of Wales.
Making home abroad: Hybrid work for corporate honchos means moving to London, Dubai & Singapore
Key reasons stoking this trend include better infrastructure, quality of life, wealth preservation and growth. Many of these promoters told ET on the condition of anonymity that India is important as a growth market, but many countries outside offer ease of living.
70-hour workweek par for course for Indian startup founders
ET spoke to over half-a-dozen founders of early-stage startups to unicorns, who said that if one is looking to build something big and impactful, they need to stretch that extra mile.
India’s individual enterprise: A system needs to be evolved to empower and enable small entrepreneurs
While one routinely hears stories of small businesses becoming big, these are not the real big story. There are a million or more small businesses that won’t ever list. They will remain privately owned by their proprietors, who will innovate and modernise, strategise and specialise, but remain unlisted.
Starting up: How to navigate through challenges, and build a resilient company
Establishing and growing a business is challenging, but setbacks can be opportunities for learning and growth. Failure is a crucial part of entrepreneurship and offers valuable lessons. Capital challenges should be seen as opportunities to seek funding and explore financial support. During difficult circumstances, entrepreneurs should stay composed and make tough decisions.
Forging a new path: ET Women Ahead shines spotlight on the most successful women in India Inc
The final list of 29 – selected from an initial list of 115 female leaders from corporate India – are the names to keenly watch for in the days ahead. If previous track records are anything to go by, they are all set to scale even greater heights in India Inc.
Shaping Your Future: BBA in Human Resource Management and Career Possibilities
The BBA Human Resources Management program is a three-year undergraduate program that focuses on the fundamentals of managing human resources in organizations. It covers business fundamentals, management, and economic planning. Graduates can find career opportunities in both the private and public sectors, with job roles such as Human Resources Manager and Talent Acquisition Manager. The program offers a high starting salary and provides a strong foundation for further study, such as an MBA or MA in Human Resources Management. Top universities in India offering this program include ICFAI Business School - [IBS] Hyderabad and Woxsen University Hyderabad.
Building Strong HR Foundations: Pursue a One-Year Diploma Program in Human Resource Management
A Diploma in Human Resource Management is a one-year certificate program that provides students with fundamental knowledge and managerial skills for effectively managing people as resources. The course is open to students who have completed a recognized 10+2 level education and can be pursued after passing the entrance exam or based on merit. Graduates of the diploma program can pursue further studies at the bachelor's and master's level to enhance their knowledge and skills in the field. Career options for diploma holders include HR managers, HR trainee managers, domain experts, and performance analysts.
Many companies from Japan, Korea, Europe and North America want to take part in India's growth story: Hans-Paul Burkner, BCG
“I do not like the term China Plus One or Europe Plus One. It makes India look like an appendix to somebody else and that certainly is not acceptable. India has enormous potential in its own right and that is why the plus one is the wrong term in my view.”
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