entrepreneurship - take the plunge!
DESCRIPTION
What do you need to be an Entrepreneur? Nothing!You need to take the plunge!TRANSCRIPT
www.omlogic.com
Kapil NakraCEO and Cofounder, OMLogic Consulting
Asia Pacific Institute of Management Studies, New DelhiSeptember 3, 2008
Take the Plunge
www.omlogic.com
About Me
• Graduated from IIT-Delhi in 1999• Started first venture,Whizlabs in Oct 2000• Whizlabs become a leading Online Brand in
IT Certification Domain.• Exited Whizlabs in Oct, 2007.• Started OMLogic, an Online Marketing
Company in May 2008.
www.omlogic.com
Want to be an Entrepreneur?
www.omlogic.com
What are you waiting for?
www.omlogic.com
Confidence
Experience
Idea
Team
Professional Network
Education
PatienceAbility to work hard
Money
Resources
UrgeDelegation
Risk Taking AbilityBusiness Background
Business Plan
Advisors
Market Understanding
Family Support
Financial Stability
Nothing is Required
www.omlogic.com
Jump off the Cliff
www.omlogic.com
Why I Succeeded?
• “Team defining Idea” versus “Idea defining team”
• “Thinking customers” versus “Thinking product”
• Measured Growth - Plans are useless, Planning is priceless
• “Buying Cycle” versus “Product Development Cycle”
www.omlogic.com
• Let the gut overpower Investment discipline
• Did not stay flexible
• Did not keep the Big Picture Alive
Red Flags I did not notice?
www.omlogic.com
It’s a different world
• Think extremes: King or Nobody
• Be the one
• Work endlessly
• And enjoy doing that
