Re: [MTC Global] Do you believe the modified version of Pareto's principle holds?

Most entrepreneurs fail in doing a proper feasibility /viability
study. Right resources at the right time and their proper utilisation
is required, true but much before that an indepth grassroot market
analysis is needed, as regards funds there are lots of agencies and
banks wherein a good innovative business plan would definitely fetch
in funds. Finally 3F's are there, friends, family and fools. I have
been mentoring start ups wherein funds was not the issue but the
scalability needs detailed strategic attention . I have delivered
sessions on entrepreneurship to myriads of entrepreneurs and start ups
and the motivation is lacking in most.

Finally, my word of caution people who cannot manage themselves can
barely dream of managing / leading resources

--
Warm Regards,

Dr. Subrata Chattopadhyay
M.Sc Physics(C.U),PGDCA,MBA,PhD- Management Studies
(ISM,Dhanbad),Certified Management Teacher-MTC Global

Associate Professor & Head-Corporate Relations, Future Institute Of
Engineering and Management,Team Future, www.teamfuture.in
Mob: 09836107275/09830632572
Dir:033-24348230
Fax:033-24345641



On 8/6/14, Virendra Goel <goel.virendra@gmail.com> wrote:
> Having been Director of a State Financial Corporation, I have evaluated new
> as well as old cases that failed. As per my study and my experience, there
> are two major causes of failures - if they are taken care of success rate
> will increase manifold:
>
> 1. Each Industry has a critical factor - this critical factor may be
> location or availability of raw material, labor or manpower in relation to
> the location, fast redundancy of technology, distance between the
> consumption point and production point, speculative nature of the product
> demand , etc. etc. Entrepreneurs fail to take this critical factor into
> account to satisfy themselves that they have capability to manage this
> critical factor.
>
> 2. Shortage of Funds: First and foremost when project report is being made
> ,
> figures of costs and volumes of production and sales and sales prices are
> manipulated to arrive at the required DER and DSCR ratios. In order to
> create margin on capital assets, prices are inflated , hence margin is
> created in the books without bringing actual money. Higher loan and higher
> interest component effects the financial viability of the project.
> Similarly, a project takes some time to establish the project i.e. 1 to 2
> years and standard gestation period of two to three years before reaching
> cash break-even stage before being able to generate real profits. In the
> same period, funds are drawn for domestic needs also from the factory and
> one day entrepreneur finds himself in cash stripped state and everybody
> refuses to helpt him at this stage.
>
> Regards
> Virendra Goel
>
> -----Original Message-----
> From: join_mtc@googlegroups.com [mailto:join_mtc@googlegroups.com] On
> Behalf
> Of Dr.Subrata Chattopadhyay
> Sent: Tuesday, August 05, 2014 3:29 PM
> To: Prof. Bholanath Dutta
> Cc: join_mtc@googlegroups.com
> Subject: [MTC Global] Do you believe the modified version of Pareto's
> principle holds?
>
> Dear Prof. Datta,
>
> With your kind
> permission just thought to think aloud with the group. Would be grateful if
> the learned members throw some light upon it.:
>
> 99 % of the entrepreneurial journeys are failures; 1% succeeds ........it
> needs to be scaled up to 20% for gaining industry balance....So that 80% of
> the people can work in 20% of the ventures....a modified version of
> Pareto's
> principle that I thought of
>
> --
> Warm Regards,
>
> Dr. Subrata Chattopadhyay
> M.Sc Physics(C.U),PGDCA,MBA,PhD- Management Studies (ISM,Dhanbad),Certified
> Management Teacher-MTC Global
>
> Associate Professor & Head-Corporate Relations, Future Institute Of
> Engineering and Management,Team Future, www.teamfuture.in
> Mob: 09836107275/09830632572
> Dir:033-24348230
> Fax:033-24345641
>
> --
> MTC GLOBAL- Educate, Empower, Elevate
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