Business Communication Session by TCS at SAIT
In the dynamic world of technical education, institutions must ensure that their students are not only academically proficient but also prepared for...
Sri Aurobindo Institute of Pharmacy - Institutions Innovative Council organized a Session on "How to Plan for Start-up and Legal & Ethical Steps" on 6th March, 2023. The objective of the session was to provide the attendees a broad idea about requirements and ideology behind startup planning. Dr. Rajesh Rathore, Co-Founder - E-Dava, and Syldet Pharma was the invited Speaker on this event and the event was organized under the faculty coordination of Mrs. Neha Upadhyay.
Dr. Rajesh began the session with a mythology story as the base illustration for this session. He said, "a business idea is like a coffee mug filled to the top." He explained how starting a business or registering a company, splitting the company by founder and co-founder, and many back-end processes are carried out when an investor proposes. He mentioned about the key requirements to plan a start-up.
He discussed on various types of business structures and models and Risk-Benefit understanding and expectations for a new business model using numerous examples. After addressing a couple of doubts from the audience, he mentioned the legal steps involved in setting up a Startup. The first step includes trademarking the startup, with the help of a Chartered Accountant or a Company Secretary by first finding a unique name and logo, and then registering the startup. Secondly, take the help of a lawyer and draft an agreement with the partners that come on board, and make sure the agreement is transparent and the details are pre-decided.
He concluded the session by reiterating that reiterating that a Startup can be called a successful one by spending only five percent of your efforts into the idea-building process and the rest of it is its execution.
In terms of benefits, learning, and knowledge gained, the session gave its participants a clear idea about various types of business models and essential principles to plan startup.
More than 50 students participated and got benefitted in the session.
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