EABS Students Adopt 15 Micro-Entrepreneurs on 60th Republic Day

EABS Students Adopt 15 Micro-Entrepreneurs on 60th Republic Day

Every student will partner with his micro-business entrepreneur for a period of 4 months to understand the business better and have first hand experience; they are spending a whole day working at the business.

Beginning from knowing about the suppliers, the procurement process all the way to understanding the target customers and the marketing strategies. In due course, the students will also learn how an entrepreneur is able to plan for sales, timings, location and promotion of his product. Besides all this, they will get a know-how of managing resources and utilizing them efficiently. Not only will this help them in understanding every aspect of minimizing cost of production, but will also get a first hand experience of interacting with customers and getting their feedback.

Ms. Monika Trivedi, Chapter Chair - Young Indians (Yi), Pune said "Yi's key initiative is to work with employability. The campaign for micro-entrepreneurs by EABS is very exciting. I am very enthusiastic about how the students help these small vendors in improving their productivity and teaching them the intricacies of management even at this grass root level. If this pilot campaign works for EABS then this will be a pioneer in replicating this model across other states. We are also trying to reach out to the corporates for an active participation in this unique initiative."

Apart from the above, the students will get a chance to peek into the entrepreneur's financial records which eventually will aid in understanding his management of working capital, sources of finance and his daily record keeping of sales. In a nut shell, the objective of the entire program is to have a complete learning curve for students varying from multinational CEOs to a CEO of vada pav stall. Towards the end of the process, the students can create a value proposition to aid the business in consistently moving up the value chain.

To this the owner of Aditya vada pav centre, Viman Nagar says, "It is very unusual that college students come to us and help in our business. Earlier I was hesitant in taking Nimesh's advice, but when he began suggesting me things to improve my business without putting in extra money, I realized I could actually do it without any efforts. Now I am really thankful to him and the college for considering us to be businessmen and thinking they can learn something from us in spite of being a road- side vendor."

Concluded.

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