Now accomplish your business dreams with just Rs 1000!
Have you ever thought of starting a business with a startup fund of just Rs. 1000? Yes, you read it right! An innovative business with a meager amount of Rs. 1000!
This is the next big venture that the Indian School of Business (ISB), Hyderabad is planning to introduce. In an attempt of stimulating the commercial skills, students of Indian School of Business carried on pioneering businesses in the campus itself. The businesses that they ran were not just for name sake but they actually churned out profits and that too with just Rs. 1000. 
The school hosted a venture called Planning an Entrepreneurial Venture under which the students ran various businesses. Some of the highlights that dotted the campus were:
- Party dancing workshops
- Gift a rose
- Bid for a dinner date
- Cartoon drawing
- Book binding
- Spa services
Hundred students from the school participated in the session. They were arrayed in teams of three and four each and as such there were 32 teams. The partakers even succeeded in generating revenues amounting to Rs 3, 50,000 and the profits margin even crossed Rs 1,00,000 within a week. The venture indeed turned a success in the first go!
The ISB has now decided to introduce the course as a selective option for learners pursuing the 1 year MBA program. The students will be granted an amount of Rs. 1000 and then they will be expected to plan and carry on a business assignment and generate currency within a week. This will indeed help them in testing their expertise.
Students are required to adhere to certain rules while carrying on their ventures. They shall not be allowed to use any kind of additional funds from other sources but shall be allowed to reinvest the wealth earned to grow further. Once the week ends, the teams will have to return the amount of Rs. 1000 and will also have to chunk out half of their profits. This amount shall be used by the school for welfare purposes like:
- Charity
- Competitions
Undeniably, this is going to prove to be very beneficial. The learners will get to gain practical experience while pursuing their studies itself and this shall help them in facing the market well in future.
The main idea behind this is to help students in nourishing their business skills. Through this they shall learn the technique of forming workable business ideas. It shall aid in teaching them the realistic terms of business so that they don't have to face problems in future once they land into the market. In fact, two to three ventures ran into losses," said professor Subromania Sarma, senior director at PGP Projects.
The participants portrayed their experiences and statement of accounts besides the three key learning's. The school has been focusing on inculcating entrepreneurial skills and the core part of the course is aimed towards it. This course will help students to reach out to experts, mentors and venture capitalists with a business plan.
ISB Hyderabad is a dream destination for many Indian MBA applicants. The school offers MBA programs in varied modes and suitable for distinct domains of people. It remains the 1st Indian business school to be featured in FT's Global MBA Rankings and to have made it to the top 20 list in the 1st year of its addition. As per FT's 2010 rankings, ISB ranks 12 among the top 100 business schools across the world. It was ranked 13th in the Global Top MBA Rankings by the Financial Times, London.
So all those aiming to conquer the corporate world must opt for this vibrant program!!!
Source: Latika Leekha (Shiksha Team)
