“Step out of the crowd of average people. Enter that game and change the values on the scoreboard.”
Institution Innovation Council of JIMS, Kalkaji believes that entrepreneurship is the key to India’s development. To fulfill this vision, we organized a WORKSHOP ON “BUSINESS CANVAS MODEL “with the objective of fostering entrepreneurship skills among students on Sep 20, 2023.
"Entrepreneurship is not about ideas, it is about making ideas happen".
With this thought in mind, The Entrepreneurship Cell & Institution Innovation Council of Jagannath International Management School conducted a workshop on ‘BUSINESS CANVAS MODEL’.
At the event, Mr. HP SINGH shared his precious insights into the importance of doing business in our lives. How we can take initiative to do business, sir believe that in business we can explore many things rather than do the job. Sir believes that we should all think about doing business, our long-term motive should be doing that and he explained how we can start a business, He told us what problems we can face and gave a solution as well, First he said that we all have an idea but we have to implement it is first and the foremost thing, the second problem he addressed was that we need funds or money to start a business then he gave a solution he said that we all are eligible to take loans from the government through MSME and last is knowledge. He gave real-life examples of many businesses like Subway, Zara lijjat papad, Delhi chaat Wala, etc. who faced many difficulties in starting a business but are earning crores of Rs then he tells us about the Business Model Canvas Which is a powerful tool for planning and visualizing a business idea. It consists of Nine key building blocks Customer Segmentation, value proposition, channels, customer relationship, revenue streams, key resources, key activities, key partnership, and cost structure Lastly, he told us how to use the Canvas Model in Business.
Students took important lessons about being an excellent entrepreneur from this activity. First, discuss and research what kind of business we can do, then take the initiative to set up, then find the solution to problems we can face, and lastly apply the business canvas model to successfully run the business.
The speech was concluded with the wise saying “Turning Ideas into Reality”.
The session was a success and the students found it very interactive and knowledgeable for them.