Big Leap Summit 2015 in Delhi

Big Leap Summit 2015 started last year in October at Mohali and this time it has travelled to Delhi with its second season and with a panel of experts, who would talk on various chapters in entrepreneurship. The event saw turn up of around 150 people coming from various states and different industries. Talking about Big Leap Summit, Sanjay Diwan, Director, Go Live said, “We are looking towards innovation, growth and new ways of investing through available resources. Trying to keep the agenda light, we are touching the right topics which are important for new, small and medium industries. We have good examples of people who have started small but are now known worldwide- Bharti Mittal (Airtel), Sushil Kant Munjal (Hero Group) and so on. Today, apart from looking at just the industrial growth and risk, we are also promoting wellness, which is what our first session is about.”

Tathagat Roy, CEO, New Leaf Training, believes in making wellness an attitude because it connects one with things around. Further, he instructed and informed about a few ways through which one can stay fit in a working environment. He said, “I am coming from experiential background and have been training too, however, my way has been a little different. Today, I will talk about wellness at your workplace. All of us realise that wellness is important, so I would be teaching the Felden Chris Method, which has small movements that would take few minutes. This method is used to connect brain with nervous system and muscles and improves flexibility of spine. Another method is EFT (emotional freedom technology, which involves tapping of 12 points of your body- in mid of your eye brows, fingers (leaving ring finger), collar bone, and wrist and so on.”

Further, the Summit had Ron McLuckie, Chairman and Chief Executive, World Institute for Action Learning, who spoke about how to challenge oneself and grow in the field of entrepreneurship. “It is really important to challenge your thinking and develop a mindset for growth. Having right mindset is as important as having finance and strategy. Hang out with right people, read right stuff because what you read is what builds your mindset. Change the way you see yourself and the most important point is to take a break. It is not true that hard work is only way to success. Hard work and smart work together can get you to success. Remember, your business is your reflection.” He also said that it’s important to take risks and learn from them and how questioning and communicating can play a crucial part in growth of an individual.

While so much is being talked about growth, technology plays an extremely important part. Jaspreet Bindra, Anurag Gour and Rajive Chawla spoke about how technology can help SMEs grow, “It is required to choose right technology, address and manpower challenges for technology implementation, choose a good model for tech. investment- either CAPEX or OPEX model, adopt technology to increase sales, reduce costs, faster product development and so on. Realising that technology would take you to world market is really important and it’s because of the technology that a lot of things have become easier.”

While so much is being talk about growth, technology plays an extremely important part. Jaspreet Bindra, Anurag Gour and Rajive Chawla spoke about how technology can help SMEs grow, “It is required to choose right technology, address and manpower challenges for technology

Implementation, choose a good model for tech. investment- either CAPEX or OPEX model, adopt technology to increase sales, reduce costs, faster product development and so on. Realizing that technology would take you to world market is really important and it’s because of the technology that a lot of works have become easier.”

As the summit progressed, the entrepreneurs present at the venue had the opportunity to know that starting up or establishing any sort of business in UK is not just a dream anymore and is quite possible. UKTI and BOD helps you in setting up your business in UK and also informed the audience about the benefits they would have as an entrepreneur in UK. Professor Dishan Kamkar, Organiational Behaviour, ISB, spoke about few pointers to become the best negotiator. Some of them being:

1) Always have an alternative negotiator.
2) Always make the first move during the negotiation.
3) Formula to our Walk-Away-Price: Function of your BATNA (Best alternative to a negotiation agreement) + Intangibles you want. (Change intangibles in monetary terms.)This tells you your market position too.
4) Know the other parties BATNA. Analyse competition.
5) Know Opposition parties Walk Away Price and identify the alternatives
6) Norms of reciprocation are most important. Make concessions by letting them know the importance of your product and make sure to communicate how lucky they are to get that concession.
7) Take care of the Anchoring effect.

As the session came to an end, the entrepreneurs got a descriptive knowledge about the unconventional financial means of SMEs. The panelist had Rajiv Bhargava, Rana Usman, Arun Kumar Jha, Nitin Gupta and Rajive Chawla spoke and informed the audience with various facts related to government and National Stock Exchange. Nitin Gupta emphasised on Crowd Funding as the upcoming, successful and easy way of raising funds for upcoming SME business and Arun Kumar Jha spoke about various schemes and rules and regulations that imply on the SMEs. The panel also addressed a few questions from the entrepreneurs present in the venue and culminated by acknowledging the audience with thoughtful and useful information.