“If you want to change the world, be an entrepreneur”, says Mr. Vasanth Kamath, one of three speakers that attended the Pre-Provenance workshop held by Manipal University Technology Business Incubator (MUTBI), on the 21st and 22nd of October, 2016.
Mr. Kamath, who has been affiliated to T.A. Pai Management Institute as well as MUTBI, had the crowd’s attention with a concise yet informative presentation. He focused on the important assets of any budding entrepreneur, which included a clear direction for your idea, creating a mantra for your organization, and last but not the least, adding flair to your business model by employing specificity and simplicity. He also advocated for the 10-20-30 rule for anyone who wishes to make a successful business model- 10 slides, 20 minutes, 30 point presentation.
While Mr. Vasanth Kamath’s primary focus was to define what an entrepreneur does, the second speaker for the day, Mr. Vijayendra started off on a lighter note, with comical videos, and anecdotes to add to his speech. Mr. Vijayendra, who is a dentist by profession, and founder of a Fine Arts Institute in Udupi, is an alumnus of Kasturba Medical College, Manipal. He mentioned that there’s two possible scenarios while selling your product in the market, you can either convince a customer, or confuse them. He spoke at length about the importance of adequate moral support from your family members, and peers in the workplace.
Due to unavoidable circumstances, the third speaker, Mr. Vinod Madhavan, was unable to make it to Day 2 of the Pre-Provenance workshop. However, Mr. Vasanth Kamath stepped in, and went on to give students comprehensive examples of business plans as well as the reasons behind the decline of certain start-ups. He listed ten reasons why a substantial number of entrepreneurs fail, and mentored the crowd on their upcoming task, shaping a foolproof business model for Provenance.
Provenance is an annual event by MUTBI, conducted over a course of several months. The students are judged for the most avant-garde and valued business model. The first round of which started on the 25th of October.