Entrepreneurial
Mindset & Skills Development Training
14/01/19
Entrepreneurial Mindset
& Skills Development Training started with 25 participants from six RUB
Colleges. The program is designed to facilitate development of ‘The
Entrepreneurial mindset and skills’ of the participants, an initiative of the
Entrepreneurial Development Centre. It is a program to train the young mind to
entrepreneurial adventure. The workshop commenced with welcome speech by the
organizer, Mr. Tenzin Rabgay followed by deliverance of few good words by the
President of Gedu College of Business Studies.
The President spoke to 25 participants a necessity to have an
entrepreneurial mindset in changing and difficult current scenario of Bhutan.
Mrs Sonam Choden advised the participants to think out of box, have creative
thinking and possess financial education which are very important component for
entrepreneur. The participants were
provided with the working lunch.
After the triggering
impact made in the minds of the interested participants by the President, Dean
of Research and Linkage of GCBS started the formal session of the training. The
Dean introduced on the entrepreneurship concepts and aspects. Entrepreneurship
as told is a process and mindset. The program ended by briefing on the
essential entrepreneurial traits and competencies. The program commenced at 9
am sharp till 4 pm. It breaks at 10:30 am till 11 am for tea and 1 pm to 2 pm
for lunch.
15/01/2019
The second day of workshop
dealt with “Innovation and Entrepreneurship” facilitated by Mr. Tshewang
Drukdra and Tenzin Rabgay, faculty of GCBS. Types of innovation are explained
with the help of examples. Trainees were made to think one innovation and share
in the exercise. Caution for entrepreneurs and deadly mistakes of entrepreneurs
were also reached to the ears of participants. With the introduction it
instilled in the mind of trainee, who are mostly without entrepreneur and
business background, it sparked in the mind of trainee a need to understand and
think about entrepreneurship. Participants were informed about design thinking
and importance of empathizing customer. The participants were made to carry
activity of going to the town and empathizing with the customers (observe and
enquire them). Students thus were inoculated with knowledge of the importance
of market research and understanding of the customer for entrepreneurship. Before
students were sent facilitators briefed the way to observe and inquire.
16/01/19
The session commenced
with second step of design thinking i.e. Problem Definition followed by
ideation. Students were made to ideate on the issues based on research market
carried during empathizing stage. To screen ideas four steps were taught:
brainstorming, macro-screening, micro-screening and SWOT analysis, and these
give rise to final idea. PESTLE analysis was also introduced.
17/01/19
The fourth step of
design think is development of Business Model and to develop business model
students were told that there are nine components. Fifth step of Design
Thinking is Prototyping of what one has ideated. Students were given an
activity of prototyping business ideas they generated in a group. As loopholes
are to prop at any point of time in any of the stages of developing business
model it is important to rectify them. Even students were found making mistakes
in ideation phase indicating that market survey is not carried properly during
empathizing phase. The facilitator reiterated that those five steps in design
thinking is never a linear step; it is rather reiterative which gives room for
removing loopholes in a business or design thinking.
18/01/19
“Information Technology
& Entrepreneurship” was taught by Mr. Jamyang Tenzin, IT officer of GCBS
where he focused and taught on how to use excel in business. Basics of doing
arithmetic in excel were shared to students and importantly students were
taught how to calculate Net Present Value (NPP), Internal Rate of Return (IRR)
and Return on Investment (ROI) which is important and needful to an aspiring
entrepreneur and businessmen who deals with sum, account and financing in the
interest of time and convenience.
21/01/19
Students were taken to
a field visit at Babesa where Greener way factory, Enterprise founded by CEO,
Karma Yonten , is located. Trainees were received and ushered to factory by CEO
himself and were given a short inspirational talk related to his company
wherein he told each trainee to be useful and do something for the country if
there is a problems to be addressed instead of complaining. He reiterated a
need to reach out to many about importance of segregating the wastes and
keeping Bhutan clean. Next trainees
visited Chang Zamtok where Startup Building for the Entrepreneur is placed.
Students were supposed to visit to plant of Green Road project yet due to time
constraint and some obligations Mr. Rikesh, the founder Entrepreneur had, the participants
missed a chance to visit his factory. Nonetheless Rikesh was kind enough to
explain us about what he is doing apart from manufacturing tar made up of
molten plastic mixed with bitumen. He designed a machine that manufactures
plastic fencing pole, land measuring reading pole, flower pots and decorative
items which can last for long period of time and which is environment friendly
than sending wastes to landfills.
22/01/19-24/01/19
Starting from 22nd
till 24th January, trainees were taught how to develop a business
plan. Format of a business plan includes Executive summary, marketing plan,
production and technical plan, Organization and management plan and financial
plan. Students were made to experience as seller, buyer and entrepreneur
through activity made to work in a group where they used their own real money. It
was the key session familiarizing participant a step closer to real world of
entrepreneurship.
25/01/19
“The Effective Business
Communication” contained of conducting effective meeting, writing minutes in a meeting,
writing official business and rectification of few common errors in English
that many students make.
26/01/19
Karma Yonten, founder
of Greener Way lectured the participants on the topic “Mentoring and
Networking” and it was very appropriate for an entrepreneur himself to talk to
participants on that topic. He shared his own experience of working as an
entrepreneur and how important networking plays in entrepreneurship. The speech
that he delivered was very inspirational and food for a thought for the
participants to think as big as him. The program ended with closing statement
by the organizer thanking each participant, management and working team that
ensured a successful end. The participants were awarded with certificates.
Entrepreneurial Mindset & Skills Development
Training
Entrepreneurial
Mindset & Skills Development Training started with 25 participants from six
RUB Colleges at Gedu College of Business Studies. 21 students and four faculties
gathered from Gedu College of Business Studies, Paro College of Education,
Sherubtse College, College of Science and Technology, Taktse College of
Language and Studies and College of Natural Resources. The program was designed
to facilitate development of ‘The Entrepreneurial mindset and skills’ of the
participants, an initiative of the Entrepreneurial Development Centre. The
program started with welcome speech by the organizer, Mr. Tenzin Rabgay
followed by deliverance of few good words by the President of Gedu College of
Business Studies. The President, Dr.
Sonam Choden informed participants about the necessity to have an
entrepreneurial mindset in changing and difficult current scenario of Bhutan. She
advised the participants to think out of box, have creative thinking and possess
financial education which are very important component for entrepreneur.
Dean
of Research and Linkage of GCBS initiated the formal session of the training by
introducing the aspiring entrepreneurs about the concept, aspects, essential traits
and competencies of entrepreneurship. One of the most important things for
entrepreneurs is a “Design Thinking” which involves empathizing customer,
defining problems, ideating solutions, developing a business model and prototyping
and those steps are taught theoretically and through activities within and out
of class. The participants were made to go to the town and empathize with the
customers (observe and enquire them). Brainstorming, macro-screening, micro-screening,
PESTLE analysis and SWOT analysis were tools insinuated in the minds of
participants for conducting market research.
Executive
summary, marketing plan, production and technical plan, Organization and
management plan and financial plan, part and parcel of developing business plan
were learned by the participants through teaching and exercises of making them
experience as seller, buyer and entrepreneur by using their own real money. It
was the key session familiarizing participant a step closer to real world of
entrepreneurship.
Basics
of doing arithmetic on excel and calculation of Net Present Value (NPP),
Internal Rate of Return (IRR) and Return on Investment (ROI) were also taught
during “Information Technology and Entrepreneurship” session, time saving and necessary
skills for entrepreneurs and businessman. Additionally, “The Effective Business
Communication” was also reached to the ears of trainees which contained
conducting effective meeting, writing minutes, writing official business
letters and rectification of few common errors in English.
Besides
classroom sessions trainees were also taken to a field visit at Babesa and
Chang Zamtok where Greener way factory and Startup Building for the
Entrepreneurs are located respectively. Participants met Karma Yenten, CEO cum
founder of Greener Way and Mr. Rikesh Gurung, the founder of Green Road
project. The workshop concluded with facilitation by Karma Yonten, founder of
Greener Way on the topic “Mentoring and Networking.” He shared his own
experience of working as an entrepreneur and how important networking plays in
entrepreneurship. The speech that he delivered was very inspirational and food
for a thought for the participants to think as big as him. The program ended
with closing statement by the organizer thanking each participant, management
and working team for bringing a successful end. The participants were awarded
with certificates. Each session commenced at 9 am sharp till 4 pm. There were breaks
at 10:30 am till 11 am for tea and 1 pm till 2 pm for lunch. The participants
were provided with the working lunch.
No comments:
Post a Comment