What skills required for business triumph?

A superior business plan, improved skills and flexibility, in addition to finance, are what can make businesses successful.

Globals Inc India’s chairman Suhas Gopinath, also the chief executive officer of the company, at the seminar said, ‘I believe in rising skills more than anything else to be a young entrepreneur.’

Suhas came to be renowned as the youngest certified professional web developer for his project coolhindustan.com at the age of 14.

He said, ‘My parents dejected me from getting into business before I could complete my studies. But I was desperate and succeeded in true to life them that there was nothing wrong in it as Bill Gates in progress entrepreneurship in his early age.’

Shuhas, who is also the youngest CEO of the world, said that he had favored developing his skills in web design at the side of his academic activities. ‘As I was present in only 5 per cent of the classes in my second year against 75 per cent of class number present that was required, the university did not allow me to take the examinations.’

He later obtained a diploma in global leadership and public policy from Harvard Kennedy School but Indian state law stopped Suhas, as a young person, from opening up his own company before he was 18.

He then went to the United States and set up Globals Inc in 2000 at San Jose, California. Global Inc has now grown into a multinational IT consulting firm with symbol in more than 11 countries.

At the age of 16, Suhas was documented as the world’s youngest entrepreneur by CNBC and e-Business, Canada.

At the age of 17, he was renowned as the world’s youngest CEO and in 2005; he became the youngest recipient of the prestigious Rajyotsava Award given by the state government of Karnataka.

Probiotech Industries Ltd and Nimbus International Company managing director Anand Bagaria, one of Nepal’s leading agro-business enterprises, said, ‘I believe that success does not come easy. You will be successful after you have failed many times.’

‘I need to fail to succeed in achieving my goal,’ said Anand. Referring to one of his teachers on turning back from any failure, he said, ‘No matter how you do feel, get up and chew it up.’

Anand said that he had learn a lesson that a good business plan and finance were needed for doing a business.

Anand started to export handicraft items from Nepal while staying in India. He was unable to make money from the venture. After he finished his engineering course in the United States, his father put together some possessions to establish a ball-point pen manufacturing company.

The business enterprise suffered a great loss, but with that came the lesson. Trial and fault to finish led to the success and Anand set up Nimbus.

The company started as a distributor for Nepal-made consumer products, ventured into animal nutrition business in 2000 and began exporting poultry feed supplements to India.

The company’s move into livestock business was not pretty planned as Anand bought five tonnes of poultry feed complement from a European firm, after being influenced by a dealer that the product had a good market in India.

But it took off and now Nimbus’s factory, with a fixed investment of Rs 150 million, produces 50,000 tonnes of livestock feed a year and provides direct employment to 250 people.

So, Above of the two real case studies finally prove that a good business plan, skills desired for business victory.