Entrepreneurship

Avdhesh Goyal | Technical Director | iGEN Networks Pvt Ltd

What is Entrepreneurship?

Entrepreneurship is a great Career option. Understanding Why one wants to choose a Career in Entrepreneurship is phenomenally more important than figuring out How to get into Entrepreneurship. While anyone can have an opinion on what Entrepreneurship entails; only a real professional can really explain it.

With 12 years of professional experience, Technical Director Avdhesh Goyal understands Entrepreneurship. According to Technical Director Avdhesh Goyal, Entrepreneurship is:

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

How Technical Director Avdhesh Goyal got into Entrepreneurship?

After my graduated in Commerce from DAV College, Dehradun, Idid Certification Courses in CCNA & MCSE. After that, I have worked in few companies for few years and later I started computer selling and purchasing business in 2006 but due to some unbeatable challenges I winded up the business in 2014 and started another business by the name iGEN Networks Pvt Ltd which provides internet services. I am Technical Director at iGEN Networks Pvt Ltd.

Technical Director Avdhesh Goyal's Talk on Entrepreneurship

The Journey of Entrepreneurship in Internet Services Entrepreneurship conjures images of innovation, risk-taking, and the pursuit of a vision that can redefine industries. In today's digitally driven world, the internet has become the lifeblood of countless businesses, creating opportunities for aspiring entrepreneurs to tap into this vast market. Avdesh Goyal, a director at iGen Networks Pvt. Ltd., embodies this entrepreneurial spirit, having navigated the challenges and triumphs that come with establishing an internet service provider. What Is Entrepreneurship? Entrepreneurship is fundamentally about the act of starting and managing a new business with the aim of making a profit. It involves not only coming up with a business idea but also practically implementing and developing it in the market. Avdesh defines entrepreneurship as the process of generating income through starting a business or a startup, which is exactly what he did when he launched iGen Networks. This realm is characterized by its dynamic nature and the necessity for continual adaptation to meet changing demands in the marketplace. Education Certification Courses In the tech-driven entrepreneurship space, formal education is crucial. Avdesh emphasizes the significance of certification courses like Microsoft Certified Systems Engineer (MCSE) and Cisco Certified Network Associate (CCNA). These courses equip aspiring entrepreneurs with comprehensive knowledge of networking, allowing them to tackle technical challenges effectively. Such certifications enhance credibility and technical prowess, crucial for competing in today's digital economy. Marketing A foundational aspect of running any business is understanding marketing strategies. For Avdesh, knowing how to pitch products effectively allows him to connect with diverse target audiences, which is vital for the success of an internet service provider. Learning to market services in a competitive landscape ensures that businesses like iGen can not only attract customers but retain them by meeting their needs efficiently. Hardware & Software With technology continually evolving, a solid grasp of hardware and software is essential. Avdesh points out that the backbone of his internet service business lies in understanding the necessary equipment like routers, switches, and access points. A deep knowledge of hardware enables entrepreneurs to deploy networks smartly, ensuring their services function seamlessly and meet customer expectations. Latest Trends Staying updated with the latest trends is fundamental in the rapidly changing tech environment. According to Avdesh, entrepreneurs must be aware of technological advancements and adapt them within their businesses. This agility can differentiate a business from its competitors, allowing them to offer cutting-edge services that cater to an ever-evolving customer base. Government Guidelines Understanding government regulations, especially in the telecommunications sector, is critical for new entrepreneurs. Avdesh highlights the significance of adhering to licensing requirements and compliance issues, such as obtaining an ISP license from the Department of Telecommunication. This knowledge not only helps avoid legal pitfalls but also establishes a business's reputation and reliability in the market. Skills Networking Skills Successful entrepreneurship in the internet services field hinges on strong networking abilities. Avdesh asserts that networking knowledge is the cornerstone of his operation at iGen Networks. The ability to connect people through technology is pivotal, as this skill enhances service delivery and customer satisfaction across a wide client base. Ability to Work under Pressure The telecommunications industry demands resilience and the ability to work under pressure. Avdesh acknowledges that running a 24/7 service comes with high stakes. An entrepreneur must be ready to respond promptly to outages or customer issues, a reality that tests one’s ability to remain composed and effective in high-stress situations. Analytical Skills Analytical skills are essential for troubleshooting and optimizing services. Avdesh explains that the ability to analyze customer complaints and technical issues enables swift resolution, which is crucial in the highly competitive ISP market. This skill facilitates strategic decision-making, ensuring that customer needs are met promptly and efficiently. Decision Making Entrepreneurship requires strong decision-making abilities. As Avdesh navigates various challenges, from operational hurdles to customer service dilemmas, timely and effective decisions are paramount for maintaining a competitive edge in the industry. An entrepreneur must balance operational demands with strategic foresight to lead their business to success. Problem Solving Problem-solving is at the heart of effective entrepreneurship, especially in technical fields. Avdesh remarks that daily challenges range from technical issues to financial complaints, requiring an entrepreneurial mindset that embraces creative solutions. This capability not only drives business continuity but also fosters innovation as entrepreneurs learn from past experiences to enhance their offerings. Team Work In the service sector, collaboration is key. Avdesh emphasizes the importance of building a capable team encompassing technical, marketing, and customer service roles. A well-coordinated team allows an entrepreneur to distribute responsibilities effectively, ensuring that customer concerns are addressed promptly and that business operations run smoothly. Management Lastly, efficient management plays a pivotal role in the success of any business. Avdesh underscores that managing multiple departments—technical, marketing, and customer support—is essential for facilitating growth. Strong management practices ensure that resources are aligned and business objectives are met, ultimately contributing to a positive service experience for customers. Positives High Demand The internet is no longer a luxury; it is a basic need in today's world. Avdesh highlights that this ever-growing demand fuels business opportunities in the ISP sector. Entrepreneurs like him tap into this market by offering necessary services, capitalizing on the continual need for connectivity across both personal and professional domains. Continuous Learning Embarking on an entrepreneurial journey in the tech industry guarantees daily learning experiences. The continuous evolution of technology presents new challenges and opportunities for growth. Avdesh enjoys this aspect of his work, as it allows him to develop professionally and adapt his business strategies to remain relevant in the fast-paced market. Social Networking Entrepreneurship enables significant social networking opportunities. Avdesh interacts with a diverse client base, from home users to larger businesses, which enriches his understanding of various industries. This breadth of networking fosters valuable relationships and provides insights that can be leveraged for business expansion and innovation. Challenges High Capital Investment One of the most significant hurdles in establishing an internet service provider is the initial capital investment. Avdesh describes the high costs associated with installing infrastructure, like fiber optics and numerous towers required to provide service coverage. The substantial upfront investment can be daunting, especially for startups competing against established players. Competition The competitive nature of the ISP market presents additional challenges. As Avdesh notes, new entrepreneurs often find themselves in direct competition with large telecom service providers that have established brand recognition and resources. Navigating this landscape requires innovative strategies and exceptional service delivery to attract and retain customers. Work-Life Balance Maintaining a work-life balance can be particularly challenging in the service industry, where responsibility is ongoing. Avdesh admits that the pressures of running a 24/7 business can lead to long hours and stress. Entrepreneurs must find ways to manage their responsibilities while ensuring they do not lose sight of personal well-being. Natural Calamity Natural disasters pose unforeseen challenges for ISPs. Avdesh acknowledges the unpredictability of these events and the necessity for preparedness to restore services quickly. Implementing resilient infrastructure and robust response plans are crucial for minimizing downtime and maintaining customer trust. High Taxes Finally, tax regulations specifically imposed on internet service providers can complicate operations. Avdesh shares frustrations over the increasing taxes that TSPs face, illustrating how these financial pressures can impact pricing strategies and overall profitability. Entrepreneurs must stay vigilant on regulatory changes to navigate this landscape effectively. A Day Of Entrepreneurship A typical day in Avdesh's life as an entrepreneur starts at 10 AM, often beginning leisurely unless critical outages impact operations. Daily activities include team discussions, market follow-ups, and updates on ongoing projects. However, during network outages, the pace intensifies dramatically, leaving little room for breaks as Avdesh manages crises and ensures service continuity. This dichotomy offers a blend of stability and unpredictability, making each day unique and challenging. In conclusion, Avdesh Goyal's journey as an entrepreneur in the internet services sector exemplifies the interplay between innovation, education, and resilience. While the path may be fraught with challenges, the rewards of shaping the digital landscape through entrepreneurship are immeasurable. By cultivating essential skills and adapting to ongoing changes in technology and market demands, aspiring entrepreneurs can follow in Avdesh's footsteps to leave their mark in this thriving domain.

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How to get into

Entrepreneurship?

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Links for this Talk

Technical Director Avdhesh Goyal's LifePage:

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

LifePage Career Talk on Entrepreneurship

[Career]
https://www.lifepage.in/careers/entrepreneurship-34

[Full Talk]
https://lifepage.app.link/20180606-0001

[Trailer]
https://www.youtube.com/watch?v=2aiu7bj6AWE

(Entrepreneurship, Avdesh Goyal, iGEN Networks Pvt Ltd, Technical Director, Entrepreneur, Network Services, Broadband, Internet, CCNA)

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