5 articles on Entrepreneurship, by the Editor, JAM, Rashmi Bansal
Rashmi Bansal answers an interesting query by Aadesh Jain – the much needed gyan for the entrepreneur in you“I am a final year Bachelor of Management Studies student from Mumbai. I am taking the CAT’ in November and had a few questions. I would be really glad if you could answer them. I found out that the average salary of an IIM-A gradutate is around 15 lacs. I do not have any work experience but I still feel that I could earn a lot more than that in a few years after completing BMS by starting my own business or joining my dad’s business depending on where my passion lies. – Read the full article
Company: Mom’s Kitchen
Founded: September 1 2006
Educational background: Vinamra (IT BHU 2005 batch, Infosys from campus placement); Aswini Rathod (NIT Allahabad 2005 batch, Cognizant from campus placement).
Mom’s Kitchen was set up by two young chaps who didn’t know the first thing about cooking.. Rashmi Bansal brings you their amazing story.
Vinamra and I are childhood friends. Initially we were posted in Bangalore, then we moved to Pune.We had big dreams in our college days. Ki kuch karna hai. That coupled with the frustration of working in a big company (“at the end of the day you know, you do nothing!”) led to the idea of starting a business.
Being bachelors living alone we sensed that there was a big gap in food. And from the beginning we knew ki hamein khana ghar ghar pahunchana hai. We ourselves used to order a local dabba. But we felt there in no ‘brand name’ in this business.
Vinamra left Infy while I continued to work for a while…..Read the full article
11 IIM A grads and one from IIM Calcutta have opted out of placement to start their own companies. This is now a yearly phenomenon. In the spirit of the season then, Rashmi Bansal has the dope on a company started by Bschool grads of 2004 vintage. No, it’s not a dotcom, tech or consulting start up but a real, live sweat and blood business. But stress is something they probably don’t worry about. Or at least have a way to deal with.
Company: CMYK Health Boutique Private Limited, operating the ‘Four Fountains’ spas.
Started in: Jan 2007 Founders: Anurag Kedia (IIT B ,IIM A (2004) Saurabh Garg (IITB, IIM A) Sunil Rao (Sydenham, SP Jain) Arnab Mitra (IIT D, IIM C)* *was part of original team but recently quit for family reasons.
The business: Four Fountains is chain spa. Therapies are priced very reasonably – from Rs.199 to Rs.1,349 (at most spas prices begin at Rs.2,000 upwards). – Read the full article
If entrepreneurship is your calling, but you don’t know how or where to begin, you may want to consider the ‘Start Your Business’ Program (SYB) offered by S P Jain Institute of Management. Currently the among the first such programmes offered in India, the SYB program is business neutral – be it fast food, garments, software or janitorial services – as long as the business idea results in a profitable and scalable enterprise that generates wealth and employment.
SYB is aimed at working executives, practicing professionals, family business members, ex-servicemen and even spouses. The program equips a potential entrepreneur with the managerial skills he/she needs to create a successful enterprise. – Read the full article
He is a topper from IIM Ahmedabad. He’s shy. He loves Bihar. He speaks broken English. And he is a vegetable vendor! Meet Kaushalendra, a desi young man currently doing some pioneering work in the field of vegetable retail.
1) What inspired you to be an entrepreneur and start doing something on your own? Did you always want to do this?
Since childhood, I have been learning many ‘should be done in agriculture sector’ things in Bihar. I always found farmers had nobody to look up to who would come and take away their miseries. Being a farmer’s child, I thought I have been given an opportunity (of being well educated and knowledgeable) to do something for our society.
2) Is your work completely charitable or are you also making a livelihood out of this?
We are not doing any charity. We are making our livelihood out of this as well.Read the full article
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