Eabs Students At The World Entrepreneurship Forum

Both Sidharth Dash and Aditya Shankar had unforgettable experiences in Lyon and were fortunate enough to rub shoulders with the whos-who from the world of entrepreneurs. Being treated as delegates was an absolute honor which was made complete with a red carpet welcome and complementary Caviar, Champagne and Pte de Fois Gras, said Aditya and Sidharth.

During their stay, the two got to see how beautiful Lyon is. The city is full of beautifully sculpted churches, chapels, cathedrals, villas, manors and palaces. Narrow streets of cobble-stone are banked by delightfully decorated restaurants, bars, shops, museums, and theatrical workshops, said Aditya. Lyon is the birthplace of the Cinematograph, as the illustrious Lumiere brothers hailed from here. For a die-hard movie buff like me, visiting some of their works was an amazing experience, he added.
As they began to participate in various activities, both realized that the Indian edition of JWEF, held from September 2 to 4, 2010 was among the best organized forums with the topics discussed and recommendations brought out being relevant and realistic.
On the third day of their stay, the event was declared open by the President of WEF and EM Lyon Prof. Patrick Molle and WEFs founding partner and KPMG Frances Chairman Jean-Luc Decornoy, who focused on prevalent global issues and how these could be solved using entrepreneurial techniques. Moreover, a panel of entrepreneurs shared their experiences on being successful and also discussed how they were going the whole hog to incubate and encourage entrepreneurship in their respective ventures.
The other members of the opening panel included S.M.J Mwambenja, MD & CEO of Exim Bank of Tanzania, Dr. Barak Ben-Avinoam, CEO of Iris Ventures of Israel, Lisa Fecteau of Groupment of Canada and brothers Fernando and Carlos Moncayo Castillo founders of Startups Ventures of Ecuador.

Dr. Barack spoke on how entrepreneurial Israel is and how government policies and financial tools are leveraged there to encourage entrepreneurship. Mwambenja spoke about difficulties faced by entrepreneurs in Tanzania
Jose Mulero, who among other entities owns the Olympique Lyon Football Club, and Syed Babar Ali, ex-Finance Minister of Pakistan and founder of Lahore University of Management Sciences were also present.
Later in the days, cocktail parties were held, which gave the two a perfect platform for networking and both made complete use of this while exchanging business ideas. This was a great learning experience as they interacted with some very sharp brains.
The action was mostly held in the opulent Metropole. It was here that Prof. Molle spoke about the vision of the WEF and its mission of Shaping the World of 2050.
This was followed by a rousing panel discussion which consisted of the following members who addressed some critical issues:

1) Sir Fazle H. Abed (Bangladesh): Founder of BRAC, the largest NGO in the world and winner
of the prestigious Ramon Magsaysay award, addressed the issue of Entrepreneurship at the
Bottom of the Pyramid.
2) Elmar Mock (Switzerland): Creator of SWATCH and founder of Creaholic, focused on
Innovation and Development of High-Growth organization
3)Prof. Zoltan Acs (USA): Director of Center for Entrepreneurship and Public Policy, targeted the topic Fabric of Entrepreneurial Cities as his pet issue.
4) Prof. Alain Fayolle (France): Professor of Entrepreneurship at EMLyon Business School, spoke
about Entrepreneurship Education.

Aditya got his 15 minutes of fame as he was given the honor of presenting in front of more than one thousand and five hundred people who hailed from more than 60 countries; with many extremely successful entrepreneurs amongst the crowd.
He talked about how he wanted to create a company that would deal in off-setting harmful effects of nuclear waste and make nuclear energy a clean energy. We could use nuclear energy to drive automobiles, run agricultural tools and provide electricity to a completely nuclear powered city, he said. This was approved by the audience with a rousing applause. Dr. Nikhil Agarwal, Director of EABS and founding member of WEF, who was also present there, was delighted with this response.
Though Sidharth did not address the crowd, his dream of starting a tourism company in his home state Orissa, in-order to help in its development, received kudos.
What followed later was a humbling experience when people actually came to them and gave their cards, asking both where they came from and what EABS was all about.

EABS was omnipresent and everyone had Pune on their minds after the presentations. The two were present in Lyon from November 1 to 6.

Entrepreneurship Embodies A Jump Into The Unknown World

The World has a way of encouraging us that wealth arises from those that toil hard and get a well paying career in some financial institution on Wall Street. While I do not challenge that you can get really rich managing other people"s money as a fund manager or if you like to run an investment company like Warren Buffet, you can join in the fray. For the majority of us, we just like to do our own thing and enjoy the freedom that exists in creating our own ideal of a business.

Entrepreneurship therefore embodies a jump into the unknown world and one of the most essential means today of building wealth while still keeping your own freedom. This idea of entrepreneurship is not new and existed many years ago when the founding fathers were still roaming the new world and carried with them this overwhelming sense of adventure. Would you like to experience this kind of passion and excitement in your life today? This article will feature three ways to begin.

Firstly, decide if your current situation is for you. Some people really love their area of work but hate their job. If you fall into this, category then spend some time educating yourself all you can about your business and then begin brainstorming about possible alternatives related to your current industry. For example, many venture capitalist companies in the valley have among them experienced dot com CEOs that add their wealth of experience the deals that they do. Other stories include people who start selling their former company's items and later became large dealer wheelers who are big time traders.

Second, figure out how to get into the industry of your dreams. Taking for granted that you want to change career or profession, getting an MBA may be actually a good bet if you think you are the academic sort. Else, why not get a job in a related industry. For example, stories abound of accountants, lawyers who find jobs in fortune 500 companies and later become the CEOs of such companies.

Thirdly, Get something that will give you sufficient money to test your business ideas each month and to test your market. The internet allows you to test various money making ideas and learn what actually works and can make you money. Focus your off work time on certain segments of your business daily and have unwavering faith.

Wrapping Up, making money via entrepreneurship is crucial to making wealth on an exponential basis. By all means get a job as that will be part of the process, but remember wealth is obtained when your geta stake in in a business rather than remaining as a mere employee. Take action today to reach your money and freedom dreams!