development center for aspiring entrepreneurs to identify strengths and development needs

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Information about development center for aspiring entrepreneurs to identify strengths and...

Published on February 22, 2014

Author: pritiagarwal



we have developed a new product called EDGE (Enabling, Developing and Growing Entrepreneurs). It is a development tool to identify strengths and development areas of new entrepreneurs on a set of pre defined competencies. It aims at providing structured growth and development to entrepreneurs.

Development Center for Entrepreneurs June 2013

What Entrepreneurs Need to Succeed? Most successful entrepreneurs make it big inspite of a lack of funds or great networks simply on the strength of their attitude – be it positivity, perseverance, passion etc. On the contrary, many well moneyed and well connected entrepreneurs are unable to see a good business idea through. Why? The ‘right’ attitudes and behaviors Funds – Investors/ VCs/ Banks etc. Surge in various funds/ angel investors/ VCs etc in India looking to invest in high return and scalable business models Right Connections – Networking platforms Several platforms such as TiE, NEN etc which help entrepreneurs connect with each other/ guides/ mentors etc.

The concept • DEVELOPMENT CENTER FOR ASPIRING ENTREPRENEURS – Identifying and defining a set of attitudes and behaviours that successful entrepreneurs exhibit – Enabling aspiring entrepreneurs to understand where they measure up on these attitudes and behaviors – Doing a gap analysis and identifying strengths and gap areas and helping entrepreneurs action plan on how they can inculcate and exhibit winning attitudes and behaviours.

Delivery Format 2 Day long workshop with several individual and group exercises Psychometric profiling Detailed report for every aspiring entrepreneur One-to-one feedback and action planning session

Modus Operandi Primary research to create a competency framework Designing the product Marketing through tie ups with entrepreneurial forums Delivery across large section of entrepreneurs

Preliminary findings • Top Attributes Attribute Cluster What it means Trust worthy, High on Value driven integrity, Quality concerned Adopts customer first approach, Anticipates customer needs, Manages Customer driven customer expectations Self motivated, passionate, Personal Self confident, Optimistic, leadership Personally inspired, Thinks big Critical thinker, Adaptable, Open minded, Information Innovator seeking • Bottom Attributes Attribute Cluster What it means Building high performing teams, Delegation, Does succession planning, Networking ability, People Leadership Communication skills Commercial savviness, Systematic planner, Institutionalizing success Business Acumen factors Ambiguity tolerance, Ability to work with Spontaneity, Reliance on gut non-structure feel, Impulsive

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