Friday, January 18, 2013

And it all began with a wish, minus the genie!

B&E’s Pawan Chabria meets up with some individuals who opted to go barefoot in search of success, rather than lazily stepping into the comfort of guaranteed, cushioned golden shoes offered by well set organisations...

Often labelled as the land of agriculture and farmers, India has also surprisingly achieved many a milestone when it comes to churning out new-age entrepreneurs. If truth be told, then gone are the days when every fresh MBA-labelled individual was found salivating for those temptingly fat pay packages offered by multinationals; rather these days, many are much more enthusiastic about registering a start-up, and moulding it into a new capitalistic force. B&E presents a handful of such real-life tales of MBA entrepreneurs who either shunned the very sight of a 9-to-5 job from a distance or those who grew tired of the luxury and convenience offered by a follow-the-clock-to-the-hilt profile.

Anuj Guglani, CEO of Ace Associates, worked for auto majors like Honda (for 3 years) and GM (for 4 years) after completion of his MBA course from IIT Delhi, before starting his own venture. He was involved at various middle-management levels during his stint with Honda, and was handling the showroom workforce training for GM before he left his job, only four months after his marriage. That was of course not an easy decision to make. Anuj smilingly recollects, “There was a lot of pressure... but my family supported me all the way.” When asked about how much his management education had helped him in his venture, he explained that those two years played a critical role in ensuring the success of his company today. “MBA education is very important for starting or handling a business today. It cultivates a vision and completely changes the way your thought-process operates,” he adds. Anuj started his dream run with little money (as he had spent almost all his savings on a Switzerland trip with his newly-wed wife), but immediate success within a short interval greatly improved his cash-position; he explains, “Since I was lucky to get a client like Mitsubishi just days after the launch of the business, it really took no time to break-even.” In fact, Anuj has today diversified into areas like social networking portals with the newly launched World Auto Forum (for auto-lovers).


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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