stay hungry stay foolish-book review

Stay hungry stay foolish

By:- Kapil Rajput GR No:- 84 Chetan Panara GR No:- 86

Ms Rashmi Bansal

About Author• Rashmi Bansal is a writer, entrepreneur and youth expert

• She is the author of two bestselling books on entrepreneurship– Stay Hungry Stay Foolish– Connect the Dots– I Have a Dream, on social entrepreneurs, is releasing in Mid 2011

• She is co-founder and editor of JAM (Just Another Magazine)

• She  is a columnist on popular Indian news portal Rediff.com

• She is a consultant for international youth research agencies such as The Futures Company (a division of WPP, London ) and Flamingo Research (Singapore )

• She has been a guest lecturer at various business schools of repute including IIM Ahmedabad, IIM Bangalore, ISB, S P Jain

• It is about 25 IIMA graduates

• Who chose the rough road of entrepreneurship

• Diverse in age, in outlook and the industries they made a mark in it

• One thing in common: they believed in the power of their dreams

• Seeks to inspire young graduates to look beyond placements and salaries

• Parts in which story is divided: – The Believer– The Opportunist– The Alternate Vision

What is the book about?

Sanjeev BhikchandaniSanjeev Bhikchandani PGP’89PGP’89 The book of JOB The book of JOB

THE BELIEVERAbout him

The birth of a new venture

Hurdles on the way to success

Milestone

“Different people measure success differently”

Advise by Sanjeev Bhikchandani

Be early & do not exaggerate.Get great people.Don’t start business to make money.Spot opportunities.Get smart people.Your choices affect family.

Shantanu Shantanu PrakashPrakash

PGP’88 PGP’88 Rock with it, Roll with it Rock with it, Roll with it

THE BELIEVER

Family BackgroundEducation1st Company – Delhi Stock ExchangeLaunch of a new CompanyStart of EDUCOMPStruggleEducomp’s Revenue

Advise by Shantanu Prakash

Risk-reward equation.

Business better than job for IIM-A.

Do what interests you.

Nirmal JainNirmal Jain PGP’89PGP’89 It’s all about THE HONEYIt’s all about THE HONEY

OPPORTUNIST

Mr. Nirmal Jain Chairman & MD

1989-1994 Hindustan Lever Ltd

1994- “Inquire”

1995- “Probity Research & Services Pvt. Ltd.

1995-1999 Tough time

1999- All or Nothing

Made profit of rupees 10 lakhs

Mr. Venkataraman- Co Promoter

2000- Raised $ 5 million

Stock Market & NASDAQ crashed

2001-2003 Dotcom Bubble Burst

“Paani Chala Gaya”

2003- 7.5 Crores

2007- 160 Crores

2009- 152 Crores

Advise by Nirmal Jain

Build a core team.

Be prepared to fall.

Don’t attach emotions with business.

Do job before starting business.

Only one leader.

Deep Deep KalraKalra PGP’92PGP’92 Tripping Tripping alongalong

OPPORTUNIST Introduction of Mr. Deep KalraHis thought for his MBA degreeWhat make him Learn New Things Idea Generation for Make my Trip.ComDecision makingNumber of EmployeesCompetitors of the initial stage Identification of MarketsChanges are part of every BusinessCurrent features of Make my Trip.comToken of advice to the Entrepreneurs

Advise by Deep KalraChoose your field very carefully.

Plan your funding very carefully.

It’s all about people.

Make friends at work.

Don’t focus too much on exits.

S.B.DangayachS.B.Dangayach PGP’72PGP’72 A Sense of A Sense of OWNERSHIPOWNERSHIP

The Alternate Vision

Introduction.

Joined Asian Paints in 1972 at 20 years of age.

In 1974, joined Bharat Vijay Mills Pvt. Ltd.

New Plastic Venture.

Advise by S.B.Dangayach

Convergence between what conscience tells & what you do.

Do what your conscience tells you.

Vijay MahajanVijay Mahajan PGP’81PGP’81 Basic InstinctBasic Instinct

The Alternate VisionIntroductionSense of addressing to issues of inequality & social

justice.Worked with Philips after graduation & joined IIMA

in 1981.Worked with N.G.O. like FAIR & ASSEFA.Birth of PRADAN in 1983.Left PRADAN on 31st December,1990.Back to India & shifted to Hyderabad.

Birth of Basix in 1996.Successful working by 1998-99.Shocking results of assessment study in 2002.Business successful in 2007.Overall Personality.

Advise by Vijay Mahajan

Get up & walk every time you fall down.

Persist in operational difficulties.

Learn from experience, from critics, from competitors, from failures, from summer trainees, from mother-in-law & from regulations.

Interacting with our eco-system.