Entrepreneurship

Vidur Sikand | Managing Partner | The Palm Plates

What is Entrepreneurship?

You may be curious about a Career in Entrepreneurship. Almost everyone seems to be talking about How to start a Career in Entrepreneurship, while one should first develop an understanding of What is a Career in Entrepreneurship. While anyone can have an opinion on what Entrepreneurship entails; only a real professional can really explain it.

Managing Partner Vidur Sikand invested 1 year in Entrepreneurship. Managing Partner Vidur Sikand describes Entrepreneurship as:

The activity of setting up a business or businesses, taking on financial risks in the hope of profit.

How Managing Partner Vidur Sikand got into Entrepreneurship?

I did my schooling from St Josephs till class 8th. After that I went to Asian School. I did my graduation from GD Goenka World Institute, Delhi. I also went to New Zealand to do my Masters in Business Management. I have been working with Nine Palm Resort since 2016.

Managing Partner Vidur Sikand's Talk on Entrepreneurship

The Journey of a Food and Beverage Entrepreneur: Vidur Sikand's Insights on Crafting Unique Experiences Vidur Sikand is a dynamic entrepreneur who has carved a niche in the catering industry through his resort, Nine Palms Resort, where he emphasizes quality and distinctiveness in culinary experiences. In this article, we delve into Vidur's journey through education, skills, and the multifaceted challenges of entrepreneurship, as well as the rewarding aspects that shape his professional life. Through his reflections, aspiring entrepreneurs can glean valuable insights into the world of catering and event management. What Is Entrepreneurship? Entrepreneurship is the art of creating and managing a business that fulfills specific market needs while innovatively navigating various challenges. It involves understanding the economic landscape, identifying opportunities, and leveraging skills and resources to bring ideas to fruition. At its core, entrepreneurship embodies vision and determination, as exemplified by Vidur Sikand's venture into the catering sector, where he sought to redefine service through culinary excellence and attention to detail. Education Finance According to Vidur, a fundamental aspect of entrepreneurship is having a strong grasp of finance. He believes that understanding the financial aspects of a business allows entrepreneurs to manage resources effectively and identify areas for improvement. For instance, when managing three lawns with different packages at Nine Palms Resort, Vidur emphasizes the need to stay aware of financial flow and costs associated with each service. Food & Beverages A crucial area of knowledge for anyone venturing into catering is the intricacies of food and beverages. Vidur highlights the importance of understanding quality ingredients, preparation methods, and health standards. He ensures that every dish served adheres to high hygiene standards and that the flavors cater to diverse palates, reflecting his understanding of quality in the culinary arts. Decorative Items Vidur recognizes that decoration plays a key role in setting the tone for any event. He maintains that an entrepreneur must be aware of evolving trends in the decoration industry, such as the shift from fresh to artificial flowers. By staying updated, he can curate themes that captivate clients, allowing Nine Palms Resort to stand out in the competitive catering market. Social Media In today’s digital landscape, knowledge of social media is vital for promoting a business. Vidur incorporates social media strategies to showcase his culinary offerings, engage with clients, and gain visibility. He shares his experience of growing his Facebook page from minimal likes to hundreds, demonstrating the effectiveness of digital presence in the catering industry. Operations Managing logistics is at the heart of entrepreneurship, particularly in the catering sector. Vidur stresses the importance of detailed operational planning to avoid mishaps during events. With multiple weddings and events happening simultaneously, ensuring that every aspect runs smoothly requires precise operational oversight. Gardening Given the scenic environment of Nine Palms Resort, gardening knowledge becomes essential. Vidur employs a dedicated team to manage the lawns and floral arrangements, which enhances the aesthetic appeal of the resort and contributes to guests' overall experience. His awareness of seasonal plants and landscaping techniques reflects a commitment to maintaining a beautiful venue. Hospitality Vidur believes that hospitality is paramount in the service industry. He strives to treat every guest as though they are the most important people at the event, ensuring high standards of service and care. His dedication to hospitality not only enriches the customer experience but also fosters repeat business, reflecting the essence of great service in entrepreneurship. Skills Crowd Management Managing large gatherings is a critical skill for Vidur, especially during weddings where hundreds to thousands of guests are present. He focuses on effective crowd management to create a positive atmosphere while ensuring safety and order, illustrating the complexity of event management. Handling Employees To run a successful operation, Vidur believes in the importance of cultivating good relationships with employees. He emphasizes the need to supervise contract and full-time staff effectively, which helps maintain high service standards and employee satisfaction. Innovative Innovation is a cornerstone of entrepreneurship. Vidur is constantly seeking new ideas to enhance his services, whether through creative catering concepts or unique event themes. His approach to adapting to the latest trends keeps Nine Palms Resort relevant and appealing to diverse clientele. Planning Planning is crucial in ensuring every event unfolds seamlessly. Vidur meticulously plans each detail, from the timing of food service to the arrangement of logistics, demonstrating the significance of preparation in entrepreneurship. Communication Effective communication is vital for building trust with clients and coordinating with staff. Vidur highlights how strong communication not only clarifies expectations but also enhances collaboration among team members, leading to smoother operations. Patience In the fast-paced environment of event management, maintaining composure is essential. Vidur stresses the importance of patience, especially when addressing unexpected situations during events. His ability to remain calm ensures that both guests and staff feel supported. Positives Customer Satisfaction One of the greatest rewards of entrepreneurship for Vidur is witnessing customer satisfaction. The joy expressed by guests enjoying their catered events provides palpable motivation, inspiring him and his team to continue improving their services. Socializing Entrepreneurship offers Vidur a unique opportunity to meet diverse individuals across cultural backgrounds. This interaction not only fosters relationships but also helps expand his professional network, which can lead to new business opportunities. Monetary Benefits While monetary benefits certainly exist, Vidur recognizes that they come from hard work and dedication. The financial rewards gained from successfully managed events reinforce his commitment to providing exceptional service. Travelling Traveling for conferences and trade shows allows Vidur to expand his knowledge and gain fresh insights into industry trends. These experiences enrich his perspective and offer new ideas for his business. Different Cultures Working in the cateringscape exposes Vidur to various cultures and traditions. Each wedding brings unique rituals and customs that broaden his understanding of different communities and their celebrations, adding richness to his entrepreneurial journey. Challenges Emergency Procedures Managing events for large crowds comes with inherent risks, making emergency procedures paramount. Vidur emphasizes the need for thorough planning and training as well as regular checks to ensure that all staff are prepared for potential emergencies. Time Management Efficient time management is a key challenge in Vidur’s role, especially given the high demands of each unique event. He works diligently to coordinate schedules and ensure planning aligns with clients' expectations, all while maintaining high service standards. Handling Unskilled Labour Managing unskilled laborers presents its own set of challenges. Vidur finds that clear communication and supervision are essential to ensure tasks are executed correctly. Training and guidance play a large role in helping these workers achieve optimum performance. Seasonal Work Operating a resort presents the challenge of seasonal business flows. Vidur must carefully strategize maintenance and operational staffing during off-peak times to prepare adequately for busy seasons, ensuring the resort remains in pristine condition year-round. A Day Of Entrepreneurship A typical day for Vidur starts early and varies significantly based on whether an event is scheduled. He emphasizes hands-on engagement with his team throughout the day, which includes checking emergency procedures, supervising gardeners, and managing overall operations to ensure every detail aligns with client expectations. In conclusion, Vidur Sikand’s journey as an entrepreneur in the catering and hospitality sector highlights how passion, education, and an understanding of the business landscape can lead to success. Through meticulous planning, strong relationships, and a commitment to excellence, he has set a benchmark for catering services in his region. His experiences offer invaluable lessons to aspiring entrepreneurs about the importance of innovation, customer satisfaction, and resilience in navigating the complexities of running a successful business.

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How to get into

Entrepreneurship?

If you are want to get into Entrepreneurship, start by investing in a Career Plan.

The 14 hour process, guided by a LifePage Career Advisor, will help you introspect and check whether your interest in Entrepreneurship is merely an infatuation or is it truly something you wish to do for the rest of your life.

Next, your Career Advisor will help you document how you can get into Entrepreneurship, what education and skills you need to succeed in Entrepreneurship, and what positives and challenges you will face in Entrepreneurship.

Finally, you will get a Career Plan stating which Courses, Certifications, Trainings and other Items you need to do in the next 7 years to become world’s best in Entrepreneurship.

LifePage Career Plan

14 hour personalized guidance program

Your LifePage Career Advisor facilitates your guided introspection so that you systematically explore various Career options to arrive at a well thought out Career choice.

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LifePage Plan will not stop at saying "to become an Architect study Architecture". It will guide you on which Certifications, Trainings and Other items you need to do along with your Architecture education to become the world's best Architect.

Links for this Talk

Managing Partner Vidur Sikand's LifePage:

[LifePage]
https://www.lifepage.in/page/vidursikand

LifePage Career Talk on Entrepreneurship

[Career]
https://www.lifepage.in/careers/entrepreneurship-14

[Full Talk]
https://lifepage.app.link/20170918-0003

[Trailer]
https://www.youtube.com/watch?v=tKbWyIsTmNU

(Entrepreneurship, Vidur Sikand, The Palm Plates, Reception, Visitors, Queries, Information, Guest Handling, Registrations)

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