Dr. Kiran Kumari Patil – Small Enterprise India

NATIONAL STARTUP DAY AND ITS SIGNIFICANCE

Jan 30, 2023Jan 30, 2023 Dr. Kiran Kumari Patil

India is recognized as a startup hub and such initiatives encourage innovation across sectors. January 16 is marked as National startup day with a motto to encourage the spirit of entrepreneurship and promote the achievements of Indian startups. It is also commemorated to provide a platform for start-up entrepreneurs to discuss innovation for India’s youth and their contribution to the economy. The motive behind encouraging the idea of entrepreneurship is to give a boost to schemes like Make-in-India. India has emerged as one of the largest hubs for young startups,…

STRENGTHENING INSTITUTION INDUSTRY INTERACTIONS THROUGH ACADEMIC INNOVATIONS AND INCUBATORS

Aug 30, 2022Aug 30, 2022 Dr. Kiran Kumari Patil

The relationship between academia and industry is a well-known concept. However, improvement is necessary to move from the traditional exchange of funding for research to the creation of long-term strategic partnerships incubators and innovation activities in the academic organization. The purpose of this study is to explore and design an innovative and sustainable framework to improve the industry-academia link by leveraging academic innovations and incubators and to highlight the challenges faced. This work enhances the existing body of literature and knowledge regarding collaboration and offers concrete steps to be taken…

Intellectual Property Rights, Critical For The Success Of Startups

May 18, 2022May 18, 2022 Dr. Kiran Kumari Patil

When entrepreneurs begin on their unique business idea, they do not doubt that their idea would be a commercial success in the market; their main focus is initially to start giving the appearance to the venture. In the middle of so many different things that go into starting and building a startup from a single idea, the word “Intellectual Property” (IP) is generally not just their main focus. And even if they think about IP protection, it seems to be too costly for a startup to work on. Entrepreneurs must…

Women Entrepreneurs for Building Strong Economy

Apr 22, 2022Apr 22, 2022 Dr. Kiran Kumari Patil

Entrepreneurship is one of the most important elements necessary to build the economy. Every nation tries to improve economic growth for prosperity and better living standard for its people, and an entrepreneur is a catalytic agent of change. In the past few decades, the role of women in our society has changed drastically and for the better. Women are now encouraged to occupy corporate positions. The gender stereotypes which were more prevalent in society decades ago are slowly getting dissolved. Women bring a different set of perspectives to problem-solving that…

All About Start-up IDEAS: Essential Steps to Evaluate Yourself & Business Idea

Feb 4, 2022Feb 6, 2022 Dr. Kiran Kumari Patil

Starting a business takes time and energy, and one must undergo periods of extended self-reflection to find a business idea that’s both realistic and viable. Better yet, once you have a good idea, how can you be sure it will blossom into a successful venture? These early planning stages are essential. Don’t skimp on brainstorming, and put your ideas to the following test. Start by analysing yourself and your strengths. What interests you? What are you naturally good at? What are you good at? If you’re the go-to person for certain…

Technology Adoption is The Only Path to Sustained Growth for SMEs

Sep 28, 2021Sep 28, 2021 Dr. Kiran Kumari Patil

Technology adoption in the SME context is a growing area of interest in developing countries. Technology adoption is also crucial for the growth of business in the private sector. Especially during the Covid-19 pandemic, the majority of Indian SMEs shift online to scale up and succeed, with small business owners waking up to the need for technology as the only path for sustained growth. Small businesses don’t necessarily have the resources to make large investments in technology but the disruption has made them realise how adopting to digital can…

Start-Up Funding Challenges and Types

Aug 23, 2021Aug 23, 2021 Dr. Kiran Kumari Patil

Building your own company is exciting, but it can also be hard, and it requires investment, a lot of it. Finding funding has and always will be a challenge for any start-up, but having adequate financial resources is critical to your company’s ongoing success. Innovative products and business models are the foundations of a promising start-up. However, you’ll also need a steady flow of funds, especially in the early stages, to turn those ideas into reality. Funding is crucial for improving technology, hiring the right people, and launching a comprehensive marketing strategy…

Role of Emotional Intelligence in Entrepreneurial Journey

Jul 23, 2021Jul 30, 2021 Dr. Kiran Kumari Patil

Emotional intelligence, in a nutshell, is the skill of detecting and understanding emotions in others as well as oneself. Emotional intelligent people are generally good at managing their own emotions and helping others manage theirs. Emotionally intelligent people are good at putting themselves in someone else’s shoes and seeing challenges from different perspectives, which can also help them solve problems for their team and clients. Entrepreneurship requires to of maturity in understanding things from others perspective and most of times it is proved that Emotional Intelligence plays a key role…

Essentials to Convert an IDEA into Reality

Jun 19, 2021Jun 19, 2021 Dr. Kiran Kumari Patil

For an aspiring entrepreneurs, it is often common to come up with a variety of crazy ideas for new businesses without much clarity on implementation and how to convert idea into business venture. We can think of a business concept as a bridge between an idea and a business plan. Basically it focuses one’s thinking so that the entrepreneur can identify the opportunities and challenges of his/her proposed venture. Converting an idea into a business concept requires thinking about how the product or service will be sold and the targeted…

Business Sustainability through Collaboration and Partnership

Apr 16, 2021May 29, 2021 Dr. Kiran Kumari Patil

Doing everything yourself can be tempting in the beginning when funds are few and ambitions high. While there’s nothing wrong with a hands-on approach, taking on more than you can handle, especially in areas where you lack experience, can be damaging. Sustainable growth is among the biggest challenges any business leader faces, but it isn’t a problem if we find right partners to collaborate with. Collaboration is one of the keys for unlocking sustainability. No single organization or sector has the knowledge or resources to “go it alone.” Leaders from…

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