Aspiring entrepreneurs can learn about recurring patterns that can be anticipated and avoided.
According to a study by IBM and Oxford, 90 percent of Indian startups fail and close in the first five years. India is home to several successful startups such as Flipkart, Zomato, Oyo, Ola Cabs and Nykaa. Not only have these startups contributed to the Indian economy, but they have also created thousands of jobs. However, startups like PepperTap, TinyOwl, Local Banya, Taskbob, Stayzilla, Shopo, BabyBerry and many more failed to impress consumers.
India is a developing country and needs more successful startups to support its economy. A large number of venture capitalists in India want to invest in startups, but most entrepreneurs are unable to secure funding due to a lack of guidance and awareness. The Indian government offers numerous benefits to startups such as an easy process, application for tenders, access to funds, R&D facilities, long-term tax settlement and an easy exit. India needs more entrepreneurs to increase the number of new booming businesses. Washington DC-based Nexford University, a next-generation online university, is hosting a webinar with Tom Eisenmann on April 8th to help build future entrepreneurs. The free webinar gives entrepreneurs the opportunity to ask questions and gain valuable insights.
In October 2020, Nexford University hosted a webinar that aimed to bring together entrepreneurs and emerging entrepreneurs from around the world. Over a thousand attendees received actionable insights from Pierre Fauvet, Director at Creadev and Caitlin Fiordirosa, Partner at Drive Capital. Pierre and Caitlin are among the most seasoned investors in the world, answering questions such as the hottest sectors, a VC’s eye on and what a VC should really look for when investing. They also discussed the mistakes founders make pitching and understanding how VCs work. This year, Nexford University is bringing Tom Eisenmann along to support aspiring entrepreneurs.
Tom Eisenmann is the Howard H. Stevenson Professor of Business Administration at the Howard Business School and author of the new book “Why Startups Fail”. Tom Eisenmann worked on a multi-year research project on the failure of startups. He interviewed the founders of 470 startups. His research revealed six different patterns that explain the vast majority of startup failures. Tom Eisenmann is the winner of the Case Center Award 2015 in the Entrepreneurship category for Dropbox: It Just Works.
Aspiring entrepreneurs can learn about recurring patterns that can be anticipated and avoided. They can learn to maintain their reputation, relationships, and integrity when they fail. Young entrepreneurs are given guidance on learning from failure, healing, and deciding whether to pursue another startup. Most importantly, aspiring entrepreneurs learn to pull the plug and avoid failure. Participants will receive some chapters of the book “Why Startups Fail” free of charge. Nexford University is committed to providing entrepreneurs with the skills they need to get ahead in life. It focuses on providing founders with the practical skills to create a business plan, start a business, and build a team. In 2019, Nexford launched the Entrepreneurship Scholarship and Rs 1.4 Crore funding opportunity for its graduates.
Entrepreneurs are a valuable asset to any country and entrepreneurship should be cultivated and encouraged. A college degree isn’t required to be an entrepreneur, but it can be constructive as it will teach you essential skills. Some aspiring entrepreneurs may think that the most famous founders like Bill Gates, Mark Zuckerberg, and Steve Jobs are college dropouts, but they’ve managed to succeed with a brilliant idea. Exceptions, however, are people like Bill Gates and Mark Zuckerberg. Any career path requires adequate education, and graduating from a strategic school will teach you finance and accounting, business law, human resource management, and many more skills.
Most universities don’t offer programs that equip students with the skills they need. Nexford University interviewed Fortune 500 CEOs and researched successful startup founders to develop specific programs. It offers a tech startup building program that teaches using entrepreneurial tools and approaches to create a business plan for a new company. The dynamic tech world is growing and such programs are the order of the day. Nexford University is one of the very few universities in the world that offers a specialization program like Building a Tech Startup.