Ganpat University, Centre for Entrepreneurship and Incubation Centre in support with Student Start up and Innovation Policy Report : Entrepreneurship 101- Module-II

To give a much needed impetus to budding Entrepreneurs, Ganpat University undertook important initiative for strengthening the student start up ecosystem by launching an Entrepreneurship 101 for students registered under SSIP. Entrepreneurship 101 was organized by Ganpat University in support with Student Start Up and Innovation Policy, in pursuance to facilitate Entrepreneurship spirit among our students and to enhance and elevate the entrepreneurial Ecosystem, Ganpat University Centre for Entrepreneurship and Incubation Centre conducted Accelerator training Program Entrepreneurship 101. The First Module was over spanning a period of 24 hours.

About The Programme: Given the riskiness of a new venture, the acquisition of capital funding is particularly challenging, and many entrepreneurs deal with it via bootstrapping: financing a business using methods such as using their own money, providing sweat equity to reduce labor costs, minimizing inventory, and factoring receivables. While some entrepreneurs are lone players struggling to get small businesses off the ground on a shoestring, others take on partners armed with greater access to capital and other resources. In these situations, new firms may acquire financing from venture capitalists, angel investors, hedge funds, crowdsourcing, or through more traditional sources such as bank loans. Entrepreneurship 101_Module-II on Finance and Accounting is a comprehensive training program to start and run a business for budding entreprenuers, who are often need to understand business terms that may not be well defined in a standard dictionary. Our glossary of business terms provides definitions for common terminology and acronyms in business plans, accounting, finance, and other aspects of small business.

INAUGURAL CEREMONY OF ENTREPRENEURSHIP 101

Prof Remi Mitra, Center for Entrepreneurship, GNUI welcomed the guest Dr.Saurabh Dave, Expert lecturer and all the participants registered in the SSIP and incubates and suggested that Sometimes entrepreneurs think they can leave the finance and the numbers to the bookkeepers and accountant,which is not a good Idea . An entreprenuer certainly want to have a bookkeeper. Which can be use them to collect and analyze the financial data, to understand the underlying financial flows of a business. That's key to your understanding of how to manage a business. And sometimes finance is not about money. This Modele-II includes Phase 1:Insights into Business and Accounting, Phase 2:Key role of Finance & Taxation Policies for Emerging Startups, Phase 3:Introduction to Business Planning and learn how to build an effective business

plan for your venture.

Dr. Saurabh Dave, Dean-Incubation Centre & Student Start-up Policy, GUNI welcomed all the participants and given the speech on Start-up and different opportunities for Startup. He motivated the student by giving the example of different startups which are Incubated in incubation centre and also suggested the students about the importance of finance and accounts in startups.

PHASE 1: INSIGHTS INTO BUSINESS AND ACCOUNTING

The First Phase of Entrepreneurship 101 was conducted on February 01, 2020 on the topic Insights into Business and Accounting. This block consisted on various aspects of basics Finance and Accounting terms necessary for budding entrepreneurs included subtopics like Nature & Purpose of Business,Forms of Business Organisation, Basic Accounting Terms, Principles of Accounting.The Resource person for this session was Mr Hrashesh Jasvani ,Chartered Account and the Founder of Think Tank Edventures. The mode of delivery of session were lecture, discussion, case study, simulation techniques where more than 70 students participated from various educational background including Engineering, Management and Pharmacy participated and interacted during the session.

PHASE 2: KEY ROLE OF FINANCE & TAXATION POLICIES FOR EMERGING STARTUPS.

The Second Phase of Entrepreneurship 101- Module-II was conducted on February 02nd, 2020 where in a seminar: Key role of Finance & Taxation Policies for Emerging Startups was done for more than 70 students from various educational background including Engineering,Management, Pharmacy participated. A one day hands on training programme was designed to make students more effective in Funding Opportunities for Start Ups - Seed Funding - Venture Capital Funding - Loans from Financial Institutions - Start Up Assistance under Government Schemes as well as in Sources of Finance  Raising of Funds - Debt v/s Equity  Capital Budgeting & Working Capital Mr Harshesh Jasvani and the Mr.Anand Jasvani founder of Think Tank Edventures provided their expertise to the students.

PHASE 3: INTODUCTION TO BUSINESS PLANNING AND LEARN HOW TO BUILD AN EFFECTIVE BUSINESS PLAN FOR YOUR VENTURE

The third Phase of Entrepreneurship 101_Module-II was conducted on February 08, 2020 which introduced the students to the details on Introduction to Business planning and to build an effective business plan this phase focuses on the subtopics like Entreprenuerial Oppurtunities and Business Failure,Defining the Business Plan,Authoring the Business Plan,Sales Forcasting,Managing the Sales Pipeline,Pricing . This session was taken by CA Ms.Anju Pasari more than 70 students participated from various educational background including Engineering, Pharmacy, Management participated and interacted during the session. Ms.Pasari have given the task to the students and asked them to create a business plan on Healthy food products.Students in a group made the business plan and presented their idea.