Is MBA a necessity for entrepreneurship?

Business
Masters in business administration , a very prestigious degree in a country like India. It lines up the career path to the corporate world and business literates. With several specializations in its umbrella like HR, Marketing, Finance and several others providing a very smart and specific understanding and knowledge of the relayed profession. A two year course with several promises of sky-high packages. Why MBA? If you are a business aspirant, the first career oriented suggestion that knocks on your door is "go for MBA". And quiet naturally so, it seems like the best option. India is known for its provision of several business degrees in several renowned institutions that offer it. There are about 20 established IIM's(Indian Institute of Managements) with several super-new IIM's being established by the government.…
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AGILE – A Foundation Programme For Budding Entrepreneurs

AGILE – A Foundation Programme For Budding Entrepreneurs

Business, Marketing Strategies
Few years back we all were aware about some career options which were named as Engineers, Doctors, Architects, Government job employees, and rest as private employees. The person who didn’t fall into any of these career options was someone who was known as  ‘Businessman’. Well, the scenario now has completely changed with the change of ruling parties. A new career path has emerged which is one the most happening and exciting in today’s world. It is known as ‘ Entrepreneurship' or ‘Startup'. The young generation is going crazy behindthis path. Manyare not aware from where to start and how to start. A right guidance, mentoring at all stages is missing somewhere. To fill in this missing requirement and give right direction to the enthusiast entrepreneurs , we are launching a…
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Want to be an ENTREPRENUER:  Go Now

Want to be an ENTREPRENUER: Go Now

Business, Marketing Strategies, Tax
In recent few years, policies of governments have gone through drastic changes to open up the new opportunities for an ambitious entrepreneur. Consequently, even the cynical people would say that this is absolutely the right time to begin with a start up and start something of one’s own owning to the taxation and other reliefs in this regard. Why now?  Indirect tax regimes have been radically simplified, especially for small tax payers with the introduction of GST. There are considerably less tax compliances than erstwhile VAT, Excise and CST. Government has some serious character towards the development of young entrepreneurs. With initiatives like ‘start mobile app’ and almost negligible compliance, it is even possible to register a start up only in a day. Important of all, new ventures would straightway…
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How to Start a Business in 2018: Guidelines for Startup Enthusiast

How to Start a Business in 2018: Guidelines for Startup Enthusiast

Business, Marketing Strategies, Tax
"India’s ranking in the World Bank ease of doing business survey for 2018 climbed a record 30 notches to 100", when our Honorable PM shared this report with a tweet, he received all round applaud. Yes of course this is a good news for all Indians and especially for the one's who are aspiring to be known as 'entrepreneurs'. The passing year has opened many gateways for start up enthusiast with innovative ideas, who were flooded with ideas to bring in revolution in education, healthcare sector etc. The Government brought revolution in the government process of starting/registering a company in India. The e-SPICe form revolutionised the way the company registration process was carried out for ages. The 'Simplified Proforma for Incorporating Company Electronically', known as SPICe form reduced the company…
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Startup Weekend Indore

Business
STARTUP WEEKEND INDORE An event by Techstars, powered by Google for Entrepreneurs, an event which promotes entrepreneurs to ideate their business ideas, find their co-founders and of course win prizes from Google itself was held with much enthusiasm in Indore on 15 December 2017. The event is backed by Google authorized facilitators and have been organized in over 150 countries and more than 1000 cities as of now. It was indeed an honour for BizMentors to be one of the sponsors and for me as one of the Mentors to the budding start-ups. I truly enjoyed being part of the event as there is so much to learn from the student who are filled with enthusiasm, zeal and of course lot of passion. Mentoring them, giving them a right direction wherever needed…
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Startup Culture – Progression in Tier-2 Cities

Startup Culture – Progression in Tier-2 Cities

Business, Marketing Strategies
In the lobby of Indian ecosystem, only sound that utter nowadays is "start-up". And emerging of start-up culture on India’s vast landscape every other day is just mind boggling. It is because of the shift in professional perceptions which is to move away from mundane tasks on a daily basis to do something much more innovative and valuable. However, the value which made this topic so essential in Indian economy is the demographic status where this culture is emerging. Bengaluru and New-Delhi are the hub for start-up culture for a long time but a bunch of small cities like Pune, Indore and Jaipur today, are making their presence felt in the same club. Reports from a study shows that 20% of startups are deriving from tier 2 and tier 3…
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GST Composition Scheme: ‘A double edged sword’

GST Composition Scheme: ‘A double edged sword’

Business, Tax
Outrightly, with the recent increase in the limit to opt for composition scheme from earlier 1 crore to 1.5 crore; yet again it has been a dicey question for about 3 million migrating small taxpayers that if to opt for the composition scheme or register as a normal tax payer, if to file quarterly returns or to avail input tax credit, if to play on scale of economies or to expand business outside the state. Let’s evaluate! Why do I opt for Composition Scheme? Apparently, it offers you more profit ratio than otherwise would have earned because of low tax rates applicable to a composite dealer. Unlike normal tax payer, a composite trader is charged at flat 1% of the turnover, composite manufacturer at the rate of 2% and restaurant service…
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