During a virtual event at ICFAI University, MrShubhamSahani , a BCA alumnus of the University shared the challenges faced by him during his entrepreneurial journey. A number of students attended the session and interacted actively.
Addressing the students on the occasion, Prof O R S Rao, Vice-Chancellor of the ICFAI University said, “ Entrepreneurship is an exciting career option, as it provides an excellent opportunity to build business as per one’s own interests. Besides contributing immensely to the economic growth, it gives the pride of creating employment to others”. “ We are proud that a number of our alumni became successful entrepreneurs by setting up business in areas like education, financial services, IT services, CAD Consulting, Construction etc. In order to enable more students to take up entrepreneurship, our university has started an initiative of interactive sessions of sharing entrepreneurial journeys of our alumni . Today’s session is a part of that initiative “, added Prof Rao.
Mr. Shubaham Sahani, promoter of Mahe Enterprises, narrating his Entrepreneurial Journey said , “Immediately after my BCA from ICFAI University, I started an Internet Café in Ashok Nagar. While preparing quotations/proposals for government contractors, I realized the potential for government contracts and started in a small way to supply solar equipment and gradually expanded to become a full-fledged contractor ,taking up installation of the equipment also”. I found that Relationship Management and Cashflow management are critical factors for success of my business”. Answering a query on how his education at the ICFAI University helped in his business, he said “ While IT courses helped in setting up Internet Café, Courses like Economics and Financial accounting helped in preparing business plans and managing the business. The University’s focus on values ,ethics and character building helped me to maintain customer focus and respect of the customers ”. “Currently, I am employing 10 persons and in the next 5 years, I plan to grow my business 5 times and employ about 100 persons”, added Mr. Sahani. When asked for his advice to the aspiring entrepreneurs, he said, “ If you can not invest much, go for services business . Depending on your ability to invest, you can go for distribution and manufacturing. While scope for growth is relatively less for services, potential for growth of business is higher for reselling and manufacturing businesses . Irrespective the type of business, have confidence in yourself and start small and grow gradually”