Editorial Team
Mehul Sheth Dhiraj Nemade Suhas Sonvalkar
In ThIs IssuE
Life @ SIMSREE
The batch of 2012-14 begins their MBA journey at SIMSREE
Business Badshah
The Entreprenurial side of every MBA student on display
Interview
The success story of our very own SIMSREE Alum, Rishikesh Rumde
Book Review
Mr. Jayesh Talpade reviews Rework by Jason Fried
SIMSREE E-CELL
SIMSREE E-CELL
Life @ SIMSREE
Ankita Taksande Media Committee MMS 2012-14
Business Badshah
Priyanka Gawande MMS 2012-14
An action packed journey through the highs and lows of MBA begins
Allotment of SIMSREE: Sydenham Institute of Management Studies, Research and Entrepreneurship Education culminated the tedious long drawn struggle with quant and verbal and gave way to joy, excitement and hope. A day before D-day, I got a mail mentioning the code of conduct and the things the fact that it is Student Driven, which is our USP. A unified student body headed by two student chairman, a very capable and hardworking Placement Committee under the able guidance of the Director, Dr. M.A. Khan. All activities in the Campus and outside are all governed by the students. In the
true sense of the word, to do list, attire etc. It was SIMSREE is for the stuthen that the fact that I was Asked to put my experidents, by the students and about to attend a B-school ence in one line I would of the students. struck me, not just any Bsay Youve heard it School, its SIMSREE. So Coming to the fun part, there I was, trekking to SIMand you know its right, two incidents that stand SREE, wearing new clothes, we SIMSREE-ites are dyout the most and are, first sparkling new shoes and a namites!! the Independence Day folcopy of the days Economic lowed by the ice breaking Times, a hallmark of the identity of a B-school student and a bag session with seniors. One of the best senfull of dreams and expectations. ior-junior rapports I have experienced. And if were talking about fun how can I For the first two days EBITDA was our forget: The Manori Outbound! Sheer fun Morning Greeting and REPO was our activities all enveloped with learning conlunch companion, both the terms being cepts. equally alien to me. I soon realised that a lot of effort would be needed to survive The month so far in SIMSREE has been a in a big ocean, where only the fittest surpalette full of colours. Everything from vive, and nay, succeed. But I took all this the ET sessions, the guest lectures, the very positively. All of us were enamoured team activities, Manjus chai and not to by our esteemed Alumni. So did I have it forget Marine drive, Asked to put my exin me to step in the successful shoes of perience in one line I would say Youve my Alumni, I wondered. heard it and you know its right, we SIMSomething that sets SIMSREE apart is SREE-ites are dynamites!!
SIMSREE E-CELL
SIMSREE E-CELL
FIRST IMPRESSION
During our induction period, our seniors arranged a guest lecture of an alumnus who is an entrepreneur. When I heard the word Entrepreneur I was excited to have an interaction with him. We were in formals but when he entered the auditorium we were shocked to see him entering in casuals, with a ponytail beard and a complete Yo! type look. My first thought was Is this guy an entrepreneur? But after he shared his experience, I was more than convinced that not only he is an entrepreneur but also a successful one. In his session, he shared his ideas that motivated him to start his venture, the difficulties he faced to start his business and the way he overcame all the obstacles to make it possible.
BACKGROUND
Rishikesh Rumde belongs to Maharashtrian family, where people believe in doing a job rather than starting their own business. Having completed his graduation in commerce, he was strongly advised to follow the footsteps of his elder brother to join a B-School. He had something different in his mind but then like many young graduates; he had no option but to join a B-school. So he gave CET in 2008 and landed in one of the finest B school in Maharashtra or rather India, Sydenham Institute of Management Studies, Research and Entrepreneurship Education, SIMSREE.
Always keep in mind that change is very important. Customers always want new things so always fulfil customer demands and your business is bound to grow by leaps and bounds. Lastly, Follow your dreams and Chase your passions, were the some of the insights that he shares.
SIMSREE E-CELL
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spending other peoples money may sound great but theres a noose attached. Heres why: You give up control.You need less than you think. Great companies start in garages all the time. Yours can too.
SIMSREE E-CELL
start a business, not a start-up The start up is a magical place. Its a place whereexpenses are someone elses problem. Actual businesses have to deal with actual things like bills and payroll. Actual businesses worry about profit from day one. Act like an actual business and youll havea much better shot at succeeding. Less mass Embrace the idea of having less mass. Embrace constraints I dont have enough time, money, people or experience. Stop whining. Build half a product, not a half-assed product You can turn a bunch of great ideas intoa crappy product real fast by trying to do them all at once. You just cant do everything you want to do and do it well. You have limited time, resources, ability, and focus. Its hard enough to do one thing right. Youre better off with a kick-ass half than a half-assed whole. start at the epicentre When you start anything new, there are forces pulling you in avariety of directions. Theres the stuff you could do, the stuff you want to do, and the stuff you have to do. The stuff you have to do is where you should begin. Start at the epicentre. Making the call is making progress When you put off decisions, they pile up. Whenever you can, swap Lets think about it for Lets decide on it. Decide and move forward. Focus on what wont change A lot of companies focus on the next big thing. They latch on to whats hot and new. They follow the latest trends and technology. The core of your business should be built around things that wont change. Things that people are going to want today and ten years from now. Reasons to quit Its easy to put your head down and just work on what you think needs tobe done. Its a lot harder to pull your head up and ask why. Ask: Why are you doing this? What problem are you solving? Is this actually useful? Quick wins Momentum fuels motivation. It keeps you going. It drives you. Without it,you cant go anywhere. If you arent motivated by what youre working on, it wont be very good. The way you build momentum is by getting something done and then movingon to the next thing.
Dont be a hero A lot of times its better to be a quitter than a hero. Go to sleep. Forgoing sleep is a bad idea. Sure, you get those extra hours right now, butyou pay in spades later: You destroy your creativity, morale, and attitude.Your estimates suck. Were all terrible estimators. Make tiny decisions Big decisions are hard to make and hard to change. And once you make one, the tendency is to continue believing you made the right decision, even if you didnt. When you make tiny decisions, you cant make big mistakes. hire when it hurts Dont hire for pleasure; hire to kill pain. Always ask yourself: What if we dont hire anyone? Is that extra work thats burdening us really necessary?Hire great writers. If you are trying to decide among a few people to fill a position, hire the best writer. It doesnt matter if that person is a marketer, sales person, designer, programmer, or whatever; their writing skills will pay off. Thats because being a good writer is about more than writing. Clear writing is a sign of clear thinking. Own your bad news When something goes wrong, someone is going to tell the story.When something bad happens, tell your customers. People will respect you more if youare open, honest, public, and responsive during a crisis. Four-letter words There are four-letter words you should never use in business. Theyre need, must, cant, easy, just, only, and fast. These words get inthe way of healthy communication. They are red flags that introduce animosity, torpedogood discussions, and cause projects to be late. The book is full of wisdom like this. What is stated above is not all, but a selection. Thereader may find some of the points mentioned here, debatable, like the one on planning. But it does get the reader thinking. It is a good book to read, it is easy without being frivolous, it does not talk down to the reader, and gives examples and explanations onhow to apply the insights. So go to the nearest library or bookshop and get the book. You would be doing yourself a service.
SIMSREE E-CELL
Fun Zone
- By Vivek Dharamshi
A young businessman had just started his own firm. He rented a beautiful office andhad it furnished with antiques. Sitting there, he saw a man come into the outer office. Wishing to appear the hot shot, the businessman picked up the phone and started topretend he had a big deal working. He threw huge figures around and made giant commitments. Finally he hung up andasked the visitor, Can I help you? The man said, Yeah, Ive come to activate your phone lines. So, what made you decide to go into business for yourself? It was something my last boss said. Really, what was that? Youre fired.