Two Stories Defining the Entrepreneurship

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Generally people ask what is entrepreneurship??
What is innovation??
or similar kind of questions..

In this article we are going to present two stories which will tell you the real meaning of entrepreneurship.

First story is of around 1950s.
There was a old farmer in a village, Who used to produce very good quality of water melon.
He was like a god for children of that village … why???
Any child of that village can had a free treat in his farm at any time.And that treat was of “Best Water Melons” in his field.

But what is the point to share it here??

wait wait…let me complete the story…

There was a condition for those children, that they can’t bite the seeds they have to chew them and spit into a bucket kept in farmer’s farm.

That was the era when there was no concept of hybrid seeds or commercial seeds.By doing this kind of activity that farmer used to get best seeds for next year and that is too free of cost. And result was that his water melons were best in the town.

Isn’t it the real definition of Entrepreneurship???

The second story is of Mr. Tulsi Tanti, Mr. Tanti reached the land of Gujrat to establish his own “Textile Industry”. For running his machines he needed a boiler. At that time the fuel cost was around 30-40% of his total startup cost.
He tried a number of combination of boilers and fuel engines.But he failed all the time.
Then he realized that if he want to reduce his cost he has to decrease the dependency on fuel because for every combination he needed fuel.

Then he came-up with the idea of “Wind Mills”.
Have you heard about “Suzlon” ???? Suzlon is the world’s 5th largest wind power providing company.And Suzlon was started by “A Textile Entrepreneur”…Mr. Tanti is mainly in “Wind Mill Area”…..

as at techaloo we always say

“Need Is The Seed To Your Business…”

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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