Vikram Wakula... BollyScopoe.
What Vikram recalled of Bolly Scopoe..
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.
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.
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 !
-
-
-
-
