Assignment on Entrepreneurship

Entrepreneurship
Assignment on Entrepreneurship
Interview Date
Student Name
Student ID
University Name

Entrepreneurship
Table of content
Overview of the entrepreneur and the entrepreneurial journey.....................3
Opportunity - Timmons Model of Entrepreneurship.......................................4
Resources for Entrepreneurship.........................................................................5
References.............................................................................................................7
Appendix...............................................................................................................8

Entrepreneurship
Overview of the entrepreneur and the entrepreneurial
journey
The entrepreneur referred in the interview is one of the finest and passionate entrepreneurs.
There have been ample amount of instances where he has demonstrated his fine sense of
judgment and leadership skills. There were multiple entrepreneurial traits observed during the
interview. The first is Motivation. As he quoted in the interview, he was motivated even if he
had to experience failure in his movies. He used to learn from mistakes and work with enhanced
passion. He was a true Visionary. He used to research on the trends and start his ventures with a
dream to succeed. He was very passionate about his interests and hence he succeeded in opening
a book store, making movies and teaching at business schools (N.A, 2019). He quoted in the
interview that in order to start a business, you need to be very passionate; if you do a business
without passion only to earn money then it will never work. He saw star wars movie and decided
to create movies, this was the level of dreams he use to see. He is one of the greatest risk takers;
he changed lot of ventures, kept on following his dreams without any objective to earn tons of
money. He is very focused on his dreams and his work; he never did anything for the sake of
earning money. He is a self starter and he, along with his colleagues started multiple ventures
like book store. He is a result oriented and dedicated person as he mentions that whatever he did
was 110%, else he did not get into the work (Anon., 2019).
The interview indicates that during his long tenure of 30+ years, he was part of multiple
entrepreneurial ventures. The different types of entrepreneurial ventures were: He initially
opened a book store taking inspiration from a Sydney based book store with café called borders,
he also helped in setting up two business schools in India and Australia. He also established 2
startups including a leading media company. He got the company picture house listed in
London stock exchange and Indian stock exchange. He also got into creating movies. He
decided to venture into movies business by taking his childhood inspiration from the movie star
wars (researchers.adelaide.edu.au, 2019). He was into creating Indian movies and India-
Australian movies; also got rights for a French movie. He has been a consultant and director in
many organizations and lecturer in renowned academic institutions in Australia. He has a blend
of international experience with sports, book stores, theatre, films and teaching. He has taken up

Entrepreneurship
roles from being a researcher to a mentor to a consultant and executive director. Not only this, he
has been into writing journals and authoring books as well with his latest being Indian Film
Industry’s Entrepreneurial Journey published in August 2019 (CP, 2018).
As described in the interview, moving from part time cashier and sales manager to becoming a
researcher, author, movie maker and entrepreneur, he learned a lot of things in this journey.
During his journey of becoming an entrepreneur there were multiple failures and he kept on
learning from mistakes and improved every time (MacRae, 2019). He never gave up and lived
his dreams; inspires everybody that passion is everything and business need not be always started
for the sake of earning money. His learnings were around motivation, passion and risk
taking leadership skills (Bortz, 2019).
Opportunity - Timmons Model of Entrepreneurship
There have been multiple opportunities that have been discussed in the interview. From
opportunity perspective we would consider three concepts namely: analyzing the opportunity,
the context of opportunity and mapping the opportunity to competitive landscape. We have
judged his business sense along with his action, and we would relate this with the theoretical
concepts of Timmons model of entrepreneurship. As per the views of “Wiliam Bygrve and
Andrew Zachrakis”, people have several misconceptions with respect to opportunity in starting a
new venture. It has been said that one has to have an innovative idea for starting up new business
but is not a fact. Rather Bygrve & Zachrakis says that a person should be intelligent enough to
recognize an opportunity and develop the business spinning around the acknowledged chance.
Furthermore, during the interview, we observed that the entrepreneur also believes that one
should precisely execute the idea so that business can gain more popularity. Here, he started his
book store with café in India about 15 year ago, because he felt that India does not have a book
store with coffee cafeteria facility, and he thought that people might appreciate this idea.
Gradually, he started two business schools, one in India and one in Australia so that he can teach
students about the concept of entrepreneurs (Kamineni, 2002).
He was getting unto every opportunity that was coming across. It has been observed that an
intelligent entrepreneur utilizes his time and passion effectively, and hence he used his passion of