Professional Documents
Culture Documents
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Developing Enterprising Individuals Student id: 7690930
Table of Contents
ACKNOWLEDGMENT 4
Acknowledgment
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Developing Enterprising Individuals Student id: 7690930
Last but not the least, I would like to thank Prof. Jonathan Styles
who allowed me to write this report and helped me whenever I
needed. He was a great help and always eager to help.
Introduction
“Person who exercisesinitiative by organizing a venture to take
of an opportunity and, as the decisionmaker, decides what, how,
and how much of a good or service will be produced. He or she
suppliesrisk capital as a risktaker, and monitors and controls the
business' activities as a manager. The entrepreneur is usually a
sole-proprietor, a partner, or the one who owns the majority of
shares in an incorporated venture. According to the Czech-US
economist Joseph Alois Schumpeter (1883-1950), entrepreneurs
are not necessarily motivated by profit but regard it as a
standard for measuring achievement or success. He discovered
that they (1) greatly value self-reliance, (2) strive for distinction
through excellence, (3) are highlyoptimistic (otherwise nothing
would be undertaken), and (4) always favor challenges of
medium risk (neither too easy, nor ruinous).”
(http://www.businessdictionary.com/definition/success.html)
Believe it or not millionaires do not grow on trees. They are
actually quite hard to come by. However, they do exist.
Millionaires are not a myth. They make their millions in various
ways. Some inherit it from their family. Others make it the hard
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Developing Enterprising Individuals Student id: 7690930
way they earn it. Some earn it by being famous movie actors.
Some are famous entertainers. Some sign million dollar sports
contracts and yet others are simply outstanding entrepreneurs
who followed a dream. Kamlesh Agarwal is one of the latter. He
has come a long way since working in his uncle’s small
sariprinting workshop he know owns around ten furnishing stores
across India and is involved with various other business activities
as is discussed in the case study below.
Case Study
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Developing Enterprising Individuals Student id: 7690930
Making of an entrepreneur
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Developing Enterprising Individuals Student id: 7690930
Since most of his furnishing stores were settled and more or less
organized he again tried to try his hand in other ventures. He
opened up a franchise of Sony, the electronic giant. He also
partnered with a garment manufacturer to open up three
garment stores in Kolkata. He launched all the three stores on
the same day housing garments for men, women and children
along with other accessories. The stores did not do well since the
very beginning and the partnership went on for a few years
Kamlesh incurred heavy losses. Eventually in 2005 he sold the
two manufacturing units he had set up, the franchise as well as
the departmental stores to enter the real estate market. In his
first project itself he promoted 200 flats. He also bought a few
lands and is involved in a number of projects.
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Developing Enterprising Individuals Student id: 7690930
Analysis
Methodology
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Developing Enterprising Individuals Student id: 7690930
It can be seen in the above analysis that the staff members have
a very high opinion of Kamlesh. They look up to him as a mentor
and a guide. We can see that Kamlesh seems to be highly
entrepreneurial, as he has obtained a very high average in
almost all entrepreneurial traits. Out of a maximum rating of five
he has scored above four in all the qualities that must be present
in an entrepreneur. With his life history it can be seen that he
has been highly entrepreneurial all through taking risks. He is not
someone who would sit back and be satisfied with a working
business. He is in quest for more all the time. According to
various theories an entrepreneur is one who is always in quest
for something more. Kamlesh’s passion to excel is unmatchable.
He has a high self- belief, which enables him to take risks to
undertake newer ventures. It can also be seen that he is not
someone to sit back and crib over his losses rather he learns
from his mistakes and strives to do better each time. His
leadership quality comes from his personality which commands
respect automatically. All his staff immensely respect him and
believe in him.
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Developing Enterprising Individuals Student id: 7690930
Conclusion&Reccomendations
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References
1. Entrepreneur
definition
;http://www.businessdictionary.com/definition/success.html
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Appendix
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Developing Enterprising Individuals Student id: 7690930
– An individual who is self-employed and has the passion to take risks and be
successful.
– it was destiny more than choice I went to buy a place to open a sari shop but
ended up setting up a furnishing store….(narrates the whole story)
1. What kind of business have you been other than your main line business?
– Many. I have tried to do everything that I thought I was capable of and would
fetch me profits………(narrates the various businesses)
1. Where were you born and what brought you to the city of Kolkata?
– I was born in Nakipur a small town in Rajasthan. I came to the city with my uncle
at the age of 5 and lived here ever since.
– I was born in a huge joint family in India and have 6 sisters and 2 brothers. My
fathers brothers also used to live with us. In fact we still live together in the
same house running different businesses. I have a wife and 2 sons. My mother
also lives with me…………..
1. What kind of lifestyle did you have prior to starting your business.?
– I belonged to a not so well to do family so lifestyle consisted of living from hand
to mouth.
– I started working with my uncle then got a partnership offer then opened my
own stores and in the same way good things kept happening.
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1. Looking back on your experience, among skills, attitude and knowledge which is the
key to success.
– according to me it’s the attitude of a person which makes him successful I got
the knowledge and skills from the experience but it was my attitude that helped
me move on.
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