One % Loan Vapasi Project

One Percent ( 1 % ) Loan Vapsi Learning Project  

Objective:  To guide the students to apply, and generate an economic value being a student as as part of curricular learning

Target audience All students who took loans and those who are interested to make an earning tooo !

Mode of working :  Students are oriented, discovered, and start enterprising in themselves 

Salient Principles : 

• Application of what  is learnt in the past, what is currently is being learnt , and what will be learnt in future  through practice. 
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• Student does ONES OWN ENTERPRISING , It is  NOT EMPLOYMENT, 
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• Focus is LEARNING and EARNING 
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• Formalism ( rather than in- formalised )  enterprising 
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• Ethical and legal enterprising 

 Mode of Evaluation 

50 % Economic Value Creation

25 % Proof of  Practice

25 % Learning  and Theo rising, Report Submitted
 
Duration of the project  : 2.5 Months ...  I Year end Project

Why this project ? 

70 - 80 percent students take loans for their studies . Student loans play crucial and positive role in facilitating the students to come for higher studies.  It will be impossible for most of these students to take to higher studies without the students loans . 

Loans dictate and shape future career and lives of the most of the students. Students with loans undergo high distress due to loans till they repay the loans. Repayment becomes a challenge and also pain for the students. Repayment of loans emerges as an important factor int he lives of the students . It is often noticed that 99 %  of these students take to the route of employment and  repay their loans through the salaries.

So far colleges make no attempt to help the students to repay the loans . Rather academics will act mute in case of student loans and their impact on the lives of the students. At best the academics try to arrange emplyment for the students where in students earn their salary and pay back the loans .

It is being realized that academics can play an important and critical role in preparing the students to pay their loans in an effective way . Towards this, it is planned that  academics can encourage the students to apply their learning and start making earning as part of curricular learning . An important point to be noted  here is that . Earning as part curricular learning itself  is considered here as LEARNING. 

This course try to implement this thought as an elective .

Student Enterpreneurship is DIFFERENT from Enterpreneurship

Student Enterpreneurship is different from Enterpreneruship ! 

Most people understand that Student Enterprising is nothing but entrepreneurship by students . No. It is not ! Student enterprising is very different from regular enterprising . 

There is need to understand the difference between these two things . 

Enterpreneurship is .. Customer needs, enterprise, profits, 

Student Entrepreneurship is .. 

-  Resources is .. What one basically  is endowed with ! Time, Pool of talent, 

- Purpose is .. student addressing ones own problem !  

- Opportunity is ..  It is mandatory for the students to use their resources,

- One shot affiar .. Not continous and permanent interest 

- Vision is not.. Enterprise and Enterprenerus and Fortunate 500 profits ..  but learning and just surviving for learning  

 
Student Entrepreneurs are different from bunch of regular entrepreneurs !
1. It is this that normal entrepreneurs why they start a business ..
"Here really is only one good reason to start a business: You’ve discovered a market need – a customer problem that begs to be solved – and have the passion and commitment to come up with a better solution than what’s out there. That’s what real entrepreneurs do.

Source .. https://www.entrepreneur.com/article/254561
OK this is fine.. But in case of student entrepreneurs why they start their business is quite different .. This is what I feel ..
2. Student Entrepreneurs do not realize Customer Problem. They realize their personal PROBLEM.. Their personal problems are many which trigger a student to enterprise .They are .. ..
How to FUND their studies through their learning ? Most important problem
Where to / How to PRACTICE what they are learning ?
3. The issue before a student entrepreneur is .. S/he is endowed with something called KNOWLEDGE .. SKILL..
Want to check if it Is it there OR not ?
Ensure that it exists !
and want to keep continuously having the KNOWLEDGE with him .. ?
Why not use what one has and get over the problems one is facing .. is the TRIGGER for student entrepreneurs !
It is great to solve ones own problem with what one is endowed with !
Aab thak kareeda, kareeda padai ! 1
Asj se bechunga , bechunga kamayee ! !
dr prasad

College Student Startups - Teach a man to Fish Model

BUSINESS START-UP Guides

Making Sustainable Education Simpler

Starting student  enterprises is a great way for students to generate extra income and provide students a chance to learn valuable practical and business skills.

While there are lots of obvious businesses that almost all college students  in developing countries could try - like keeping chickens - there are lots of more unusual possibilities too.

The COLLEGE BUSINESS START-UP series of 2 page guides aims to provide schools looking to start up their own enterprises with some alternative ideas for business activities to consider.

Each guide provides some basic facts about the product, what you need to get started, costs, and potential for income generation - along with links to websites where you can get more detailed information if needed.

The great thing about many of these businesses is that they serve a double purpose. A student  with a educational toys business can use the busienss experience to enahnce ones own leaning. It can also be used to enhance others learnng too. 

Similarly a school which sells solar cookers can save parents money on firewood meaning they can pay their fees more easily, or or use their savings to buy school books - as well as the environment of course!
 

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Download BUSINESS START-UP Guides

The full series of guides are free to download using the links below.

1. Brick Making Business Guide 
Bloques De Tierra Comprimido Guia de Negocios (espanol)

2. Dried Fruit Business Guide

3. Fruit Juice & Jam Making Business Guide

4. Solar Cooker Business Guide

Gandhi Book Sales ..

Solar Lights Selling

Deewali lights Selling

More Guides Coming Soon!!!!

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Help Us Improve The Guides
As ever we rely on your feedback to help us improve our materials, and to inspire other organizations.
If you have managed to use these guides to successfully start a school business or if you have any suggestions for additional guides you'd like to see, please let us know - send comments

Vikram Wakulla ... BollyScope... Enteprrise

Vikram Wakula... BollyScopoe.


What Vikram  recalled of Bolly Scopoe..

Vikram Wakhlu Hello Sirs! Always a pleasure to hear from you.

Bollyscope☺. I think it was the most critical aspect of my stint at NITIE.

The memories are quite fresh, I'm sure, for everyone involved. And the lessons learnt were many, some more important than others, but all my personal opinions (a few in contradiction to the wisdom Rohit tried to impart in subsequent conversations) hence open to debate.

Here's what I think:

1. The start up exercise is a must from the academic perspective. Getting into the game is the first step and unless you have an idea about the technicalities, it'll always be an unnecessary, imaginary hurdle.

2. The exercise could benefit from a little structure. 

We all jumped in head first, and hoped that things would work out. 

The basic idea and business model for bollyscope itself underwent a sea change 3 times, for practical reasons before we finalised an approach. That took months, and only the most interested (3 out of 40 odd) survived that phase, which has an impact on the morale of the remaining players. And this was in spite of the constant support and engagement by Rohit.

3. Practically, the venture failed because the job at hand had become too involved and massive for the remaining partners to execute. No one had any skin in the game, because there was no real price of failure, not even the petty sums invested. I do believe we had a workable and scalable model at the end, and the lives of everyone involved would have been dramatically different today had some effort been put into the execution.

4. Overall, if the activity were to happen as a complete 3 month module, rather than just a side project on one of the subjects, the outcome might be more favourable.

It might be more prudent to figure out the concept and business model before hand, on a tight deadline no doubt, but before teams are formed and capital is raised, just to ensure continued participation based on interest.

And finally I belive that while head first might not be the right way to get in, getting in with both feet is important, so an appropriate stick and carrot approach would need to be put in place.

Most importantly, while entrepreneurship may not be everyone's cup of tea, everyone must take a shot at it, because while you are educated to be an employee, you may just have it in you to be an employer. And nothing makes more sense, in a lot of aspects, than to create jobs rather than to take one up.

Rohit Tripathi said of .. 

Certain issues .. that need to be kept in mind .. of Student Enterpreneurhsip .. 

- Is it BIG canvass that is generally picked up by the students is the issue for failure of Bollyscope  ? 

Why not the students take small and tiny part of the big chunk of the business idea .. 

- Is it asking for more and more and different things is the right thing  for the students to succeed ? 

- Is it normal habit for the people to think of big businesses when ever thy think of enterpreneurship ! Is it not a blunder ! .. 

Why cannot think of daily bread rather than life bread ! 

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ESOPs for Student Enterpreneurs - A Case is here

ESOPs to Student Enterpreneurs : A Case 

1 Nikhil a allumni enterpreneur and worked with KPMG posted as following: 

Any supply chain guys interested in taking up an entrepreneurial route? I have an opportunity (not idea stage but already proven biz model) where I can get you involved as a COO (with heavy ESOP component). Please PM me if interested.

2 Nitie Prasad Teegala  Posted among the students .

 

I wish Let E Cell campaign this among the seniors and juniors.. Requirement is like this . " ....Anyone who has done on ground supply chain / logistic work like managing vehicle movement, managing people (workers), managing warehouse etc ".... will do .. This will be great opportunity .. Dont miss.. All the best . Our expectaiton of our allumni has changed.. They are supposed to promote a hate feeling current students for your NAUKRI.. and they need to support the current students with Master / Owner Opportunitities.. All the best . dr prasad

Please campaign if any other student is interested.. ! 

 

3 Sanchay Lahri..final year student  responded like this . 

 

 Hello Sir,  I thank you for your kind offer. But as you are already aware I'm pretty much occupied with Sihi Agro at the moment.

I will forward this mailer to people who I believe will have an interest in such kind of an opportunity.

Regards

4  Nikhil Das one enterprising allum who passed out 2 yrs back responded as following 

@nikhil sir, I would be interested to explore this opportunity.. 

This is how student enterprising works. Allumni who passed out connects  current students with potential enterprises . Then they will say that we are already on the job. Why not somebody else try it out ! 
This the beauty of Student Enterprising !