ENTREPRENEURIAL ENTREPRENEURIAL OPPORTUNITIES IN OPPORTUNITIES IN SERVICE SECTORSERVICE SECTOR

EFFECT OF GLOBAL ECONOMIC EFFECT OF GLOBAL ECONOMIC CRISISCRISIS

Stock Market CrashStock Market Crash Panic in the BankingPanic in the Banking sectorsector Down Fall Of IT &ITES industries Down Fall Of IT &ITES industries Automobiles industries becomes immobileAutomobiles industries becomes immobile Manufacturing has declined.Manufacturing has declined.

IMPACT OF GLOBAL-MELT DOWNIMPACT OF GLOBAL-MELT DOWN

Attrition Attrition Investors fear.Investors fear. Poor Packages.Poor Packages. Reduced Reduced

PRODUCTIONPRODUCTION Cost cutting.Cost cutting. Demand has reduced.Demand has reduced.

STATISTICAL -PROOFSSTATISTICAL -PROOFS

Source:www.ilo.orgSource:www.ilo.org

THE D0WN-WARD SPIRALTHE D0WN-WARD SPIRAL

ENTREPRENEURIAL ENTREPRENEURIAL OPPORTUNITIES OPPORTUNITIES

OPPORTUNITIES FOR OPPORTUNITIES FOR ENTREPRENEURENTREPRENEUR

BANKING AND FINANCIAL.BANKING AND FINANCIAL.

TELECOMMUNICATION.TELECOMMUNICATION.

INFORMATION TECHNOLOGY.INFORMATION TECHNOLOGY.

TOURISM.TOURISM.

MEDICAL.MEDICAL.

TRANSPORTTRANSPORT

HOTELHOTEL

WHO IS AN WHO IS AN ENTREPRENEURENTREPRENEUR

An An entrepreneurentrepreneur is a person who has is a person who has possession of an possession of an enterprise, or , or venture, and , and assumes significant accountability for the assumes significant accountability for the inherent risks and the outcome. He is an inherent risks and the outcome. He is an ambitious leader who combines land, labor, ambitious leader who combines land, labor, and capital to often create and market new and capital to often create and market new goods or services .goods or services .

“ “Entrepreneurship isEntrepreneurship is about seeing things about seeing things

the way they are and the way they are and then trying to make then trying to make them the way you them the way you think they should think they should be”be”

    - Narayana Moorthy - Narayana Moorthy

OPPORTUNITIES IN ITOPPORTUNITIES IN IT START A SOFTWARE COMPANYSTART A SOFTWARE COMPANY A recent McKinsey & Company-A recent McKinsey & Company-

Nasscom report estimates that India Nasscom report estimates that India needs at least 12,000 new businesses needs at least 12,000 new businesses to achieve its target of building a $ 87 to achieve its target of building a $ 87 billion IT sector by 2015.billion IT sector by 2015.

Govt. is providing stable policies, Govt. is providing stable policies, low taxes, infrastructure availability.low taxes, infrastructure availability.

OPPORTUNITIES IN OPPORTUNITIES IN BANKING & FINANCEBANKING & FINANCE

New private banks could take the Indian New private banks could take the Indian banking sector to the next level by banking sector to the next level by continuing to innovate and develop continuing to innovate and develop differentiated business models to profitably differentiated business models to profitably serve the rural/low income and affluent serve the rural/low income and affluent segments.segments.

According to a report by research firm According to a report by research firm RNCOS—'Booming Insurance Market in RNCOS—'Booming Insurance Market in India (2008-2011)'—the total life insurance India (2008-2011)'—the total life insurance premium in India is projected to grow to premium in India is projected to grow to US$ 259.72 billion by 2010-11.US$ 259.72 billion by 2010-11.

OPPORTUNITIES IN OPPORTUNITIES IN TELECOMTELECOM

Low teledensity (18%) offers huge future potential. Low teledensity (18%) offers huge future potential. Rapidly developing robust telecom infrastructure.Rapidly developing robust telecom infrastructure. Increasing demand due to changing lifestyles and Increasing demand due to changing lifestyles and

growing attraction for mobiles with new features. growing attraction for mobiles with new features.

DSDS

source : www.ima.comsource : www.ima.com

OPPORTUNITIES IN OPPORTUNITIES IN MEDICALMEDICAL

The hospitals segment is estimated to The hospitals segment is estimated to reach a level of $45 billion by 2012 reach a level of $45 billion by 2012 from the present level of $22 billion as from the present level of $22 billion as leading players in the sector are leading players in the sector are significantly increasing their significantly increasing their investments in tier II and III cities.investments in tier II and III cities.

The present number of nine beds per The present number of nine beds per 10,000 people in India is far behind the 10,000 people in India is far behind the world average of 40 beds per 10,000.world average of 40 beds per 10,000.

source : ASSOCHAM source : ASSOCHAM & YES BANK& YES BANK

OPPORTUNITIES IN OPPORTUNITIES IN HOTEL & TOURISMHOTEL & TOURISM

Growth in the Indian tourism Growth in the Indian tourism industry has fueled the growth industry has fueled the growth of Indian hotel industry.of Indian hotel industry.

Low cost airlines.Low cost airlines. Hotels in India have a shortage Hotels in India have a shortage

of 1,50,000 rooms.of 1,50,000 rooms. Travel and tourism sector Travel and tourism sector

accounted expected to generate accounted expected to generate 40,037,000 jobs i.e. 7.2 per cent 40,037,000 jobs i.e. 7.2 per cent of total employment by 2019.of total employment by 2019.

ROLE OF SHGROLE OF SHG A Self-Help Group (SHG) is A Self-Help Group (SHG) is

a group of a group of entrepreneurs having homogenous social having homogenous social and economic backgrounds, and economic backgrounds, voluntarily coming together voluntarily coming together to save regular small sums of to save regular small sums of money.money.

Micro-capital assistance Micro-capital assistance raised hopes for small raised hopes for small enterprises.enterprises.

““FUTURE LIES IN THOSE FUTURE LIES IN THOSE ENTREPRENEURS WHO SEE POOR AS ENTREPRENEURS WHO SEE POOR AS

THEIR CUSTOMER”.THEIR CUSTOMER”.

TREASURE HUNTTREASURE HUNT

““OPPORTUNITIES IN OPPORTUNITIES IN RURAL MARKETING”RURAL MARKETING”

6,00,000 Villages.6,00,000 Villages. Growing 5 times faster than Growing 5 times faster than

Urban.Urban. 100 Million to 140 Million 100 Million to 140 Million

as of Aug 2009.as of Aug 2009.

HURDLES IN RURALHURDLES IN RURAL High distribution cost.High distribution cost. Banking and credit problems.Banking and credit problems. Highly dispersed.Highly dispersed. Thinly Populated.Thinly Populated. Mass research problems.Mass research problems. Less awareness.Less awareness.

TRADITIONAL STEPSTRADITIONAL STEPS Use of rural distributors.Use of rural distributors. More Focus on men.More Focus on men. Haats and Melas.Haats and Melas. Decentralized Markets.Decentralized Markets. Employment for Villagers.Employment for Villagers.

EntrepreneurshipEntrepreneurshipmeans independentmeans independentthinking and the abilitythinking and the abilityto do what you think isto do what you think isrightright    -WARREN BUFFETT-WARREN BUFFETT

BEING BUDDING MANAGERS WE BEING BUDDING MANAGERS WE SHOULD NOT BE A JOB SEEKER WE SHOULD NOT BE A JOB SEEKER WE SHOULD BE A JOB CREATOR.SHOULD BE A JOB CREATOR.