Guest Lecture – Mr. Srinivas Rao

Guest Lecture on ‘Strategies/Tips for becoming a Successful Entrepreneur and Start-up Founder‘

Date: 28^th August 2021

On 28th July 2021, the students of the newly inducted IBA’s 2021-23 PGDM batch had an interactive session with Mr Srinivas Rao, CEO at Super Mount Pack Pvt. Ltd., on Strategies/Tips for becoming a Successful Entrepreneur and Start-up Founder.

It started with Mr Rao sharing his journey of founding and managing four companies namely Super Mount Pack Pvt. Ltd., Shree Electronics, S Tech Engineers, and TekVac Heat Treatment Services Pvt. Ltd. He then went on to share some tips and strategies to be a successful entrepreneur. He gave prime importance to identifying a need/problem in the market and fulfilling it/giving a solution for it. He also advised students to develop a business plan based on the principle of 5W and 1H (Who, What, When, Why, Where and How).

Through his own example, he promoted the idea of being frugal, spending only when necessary, trying to get more out of less expenditure. Detailing about his experience, he advocated the ideology of continuous learning and that with the current pace of technological advancements, everyone must follow it. He also emphasized the importance of having the best employees for business and mentors for guidance.

Towards the end, he reiterated the aspect of continuous evolution, with the example of Nokia, and how it got dusted owing to its inability to adapt to change. In the end, he urged students to stay hungry and ambitious and never become complacent because entrepreneurship is a 24x7x365 job.