The Faculty of Commerce & Management, SGT University organized a national level business plan competition 10th March, 2018. The objective of such activity was to incubate new ideas from budding managers Mr. Pankaj K Agarwal, IMS Gajiyabad was the chief guest for the activity. The actitivity was started with lamp lightning by all the dignitaries. Prof. K. Tarashankar, Dean, FCM welcomed all the eminent guest and participants. Prof. Dalip Singh, Pro-Vice Chancellor, SGT University addressed the students and talked about the activity. He suggested the students that business plan must be feasible, which can be converted into the the real business so it should have the clarity about product, customer, market and competitive marketing strategies. In today’s scenario, things are changing so fast so companies can only have short term planing of 30 days or long term planning of maximum 90 days, not more than that. He congratulated the faculty of commerce and management for such an event which can provide student a better platform for their ideas.
It was followed by the address from Prof. M.S. Turan, he explained that how so many entrepreneurs are having ideas but they doesn’t have money to start their venture so in such situations Angel investors can help them with venture capital , if the idea is good enough.
Mr. Rahul Garg from HSBC shared his experience with students. He said that team and execution is more important in any business idea and business is about how do you mitigate with the risk.
The eminent guest, Mr. Pankaj K. Agarwal, IMS Gajiabad, has appreciated the effort done for the business plan competition. The learned guest has explained the importance of clarity in business plan, he explained that whenever a budding entrepreneur is facing an angel investor, he has very short time to explain his idea, so it is required that he must have clarity about his idea.
Mr. Aditya Patiyar, Senior marketing manager, Shubham housing finance (sponsor for the event), gave the introduction of the organization and explained how that small organization has converted into the huge one.