Entrepreneurship

Avdhesh Goyal | Technical Director | iGEN Networks Pvt Ltd

What is Entrepreneurship?

You may be curious about a Career in Entrepreneurship. One should first understand What a Career in Entrepreneurship entails before investing time and effort to figure out How to start a Career in Entrepreneurship. While anyone can have an opinion on what Entrepreneurship entails; only a real professional can really explain it.

Technical Director Avdhesh Goyal has 12 years of professional experience in 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 an Entrepreneur: Avdesh Goyal’s Insights into Building an Internet Business Avdesh Goyal has carved his path in the ever-evolving world of internet services, transforming challenges into opportunities through his entrepreneurial zeal. With a strong educational foundation and practical experience, Avdesh shares his journey of establishing iGen Networks Pvt. Ltd., a company dedicated to providing essential internet services. In this article, we will explore Avdesh's career in entrepreneurship, the required education and skills, the appealing aspects of the field, the inherent challenges, and what a typical day looks like for him as an entrepreneur. What Is Entrepreneurship? Entrepreneurship is the process of starting and managing your own business venture, allowing individuals to bring their ideas into reality. It involves not only the creation of a business but also an ongoing commitment to innovation and problem-solving. Avdesh defines entrepreneurship as the generation of income through a practical application of concepts within a startup environment. His own experience ranges from initiating a computer business to developing a robust internet service company, showcasing the diverse paths that entrepreneurship can take. Education Certification Courses Avdesh's educational journey emphasizes the importance of technical certification courses as a stepping stone for aspiring entrepreneurs, especially in the tech sector. Courses like MCSE (Microsoft Certified Solutions Expert) and CCNA (Cisco Certified Network Associate) provide the necessary technical foundation for understanding networking—a core aspect of his business. This formal education equips entrepreneurs with skills that enhance their capabilities, allowing them to navigate the complexities of technology and service delivery confidently. Marketing A profound understanding of marketing is vital in entrepreneurship. Avdesh notes that being aware of target customers and their needs is crucial for service design. Entrepreneurs must be adept at pitching their products and services effectively in a crowded market. This ability to market oneself and one's offerings directly correlates with customer acquisition and overall business success, highlighting the need for marketing education alongside technical skills. Hardware & Software Knowledge of hardware and software is imperative for anyone in the internet service industry. According to Avdesh, understanding which hardware—like routers, switches, and access points—is necessary and how to deploy them smartly is crucial. This knowledge not only impacts service quality but also plays a key role in operational efficiency, enabling entrepreneurs to provide reliable services to their clients. Latest Trends Staying updated with the latest trends in technology is another educational aspect that Avdesh stresses as vital for success in entrepreneurship. The rapidly changing landscape of telecommunications and internet services means that entrepreneurs must continually adapt to innovations such as 5G technology. Understanding these trends helps entrepreneurs remain competitive and align their services with current market demands. Government Guidelines Avdesh highlights the significance of being well-versed in government guidelines and regulations governing the industry. Entrepreneurs must ensure compliance with laws set by governing bodies like TRAI (Telecommunication Regulatory Authority of India) and WPC (Wireless Planning and Commission). Knowledge of legal requirements not only helps avoid potential infringements but also builds a foundation for sustainable business operations. Skills Networking Skills Networking skills are at the heart of Avdesh's entrepreneurial journey, as his business heavily relies on computer networking. Strong networking abilities allow entrepreneurs to troubleshoot effectively, optimize service delivery, and adapt to technological challenges swiftly. For Avdesh, having a deep understanding of networking has been instrumental in running his internet service company. Ability to Work under Pressure The high-pressure environment of entrepreneurship is something Avdesh is all too familiar with. Given the nature of his business—which operates 24/7—an entrepreneur needs to remain calm and composed under pressure. Avdesh’s experience demonstrates that the ability to manage stress while ensuring service continuity can significantly impact customer satisfaction and business longevity. Analytical Skills Analytical skills play a crucial role in developing effective strategies for service delivery and problem-solving. Avdesh mentions the importance of analyzing customer complaints to address technical issues promptly. By applying analytical thinking, entrepreneurs can synthesize complex information and allocate resources efficiently, leading to quicker resolutions and enhanced customer trust. Decision Making Effective decision-making is vital in navigating the complexities of business operations. Entrepreneurs like Avdesh must evaluate various aspects of their operations, such as technology investments, service adjustments, or market entry strategies. Good decision-making skills, honed through experience and education, guide entrepreneurs in making informed choices that align with their business goals. Problem Solving In the world of entrepreneurship, encountering challenges is a given. Avdesh indicates that problem-solving abilities are essential for overcoming obstacles, be they technical failures or market competition. Embracing a proactive mindset enables entrepreneurs to address setbacks effectively and ensure their businesses remain resilient. Team Work A successful entrepreneurial venture is rarely a solo endeavor. Avdesh underscores the importance of teamwork in his internet company. Building and maintaining a strong, responsive team across various departments—technical, customer service, and marketing—is essential. Collaboration fosters innovation, allowing the business to thrive even in challenging situations. Management Management capabilities are crucial for coordinating diverse teams and ensuring smooth operations. Avdesh's business involves multiple facets of management to tackle day-to-day challenges and strategic planning. Effective management not only enhances operational efficiency but also strengthens team dynamics, contributing to overall business growth. Positives High Demand The internet service sector is marked by high demand, making it a lucrative field for entrepreneurs like Avdesh. The ongoing digital transformation has made internet services a fundamental requirement for individuals and businesses alike. This demand provides a stable customer base, fueling the growth and sustainability of companies like iGen Networks. Continuous Learning Avdesh finds joy in the continuous learning aspect of entrepreneurship. Every day presents new challenges and technological developments that require adaptation and innovation. For him, the ability to stay ahead of the curve while acquiring new knowledge is one of the most fulfilling elements of his career. Social Networking Interacting with a diverse clientele also enhances Avdesh’s professional life. Through his entrepreneurial pursuits, he connects with various sectors—from architects to news channels—which broadens his understanding of different industries. These social interactions foster networking opportunities and valuable insights that can be leveraged for business expansion. Challenges High Capital Investment One of the most formidable challenges in the internet service industry, according to Avdesh, is the high capital investment required to build the necessary infrastructure. The installation of fiber optics and towers demands substantial financial resources. As a result, entrepreneurs must carefully plan their expenditures and evaluate their financial capabilities before embarking on such ventures. Competition The entrepreneurial landscape is often characterized by intense competition. In Avdesh's experience, competing with established telecom service providers presents unique challenges. Navigating this competitive environment requires strategic marketing, innovative service offerings, and a keen understanding of target demographics. Work-Life Balance Avdesh candidly discusses the difficulty of maintaining a work-life balance in a business that operates around the clock. The responsibilities of ensuring continuous service and addressing emergencies can lead to overwhelming pressure. Entrepreneurs must develop coping strategies to mitigate the stress that comes with the demands of their business while also prioritizing personal well-being. Natural Calamity Natural disasters pose an unpredictable challenge for internet service providers. As highlighted by Avdesh, these events can disrupt services and necessitate rapid recovery efforts. Being prepared for such scenarios adds another layer of complexity to the entrepreneurial journey. High Taxes The regulatory environment can also be challenging, particularly due to high taxation on internet service providers. Avdesh notes that navigating these financial burdens requires vigilance and advocacy for more favorable conditions, emphasizing the need for entrepreneurs to stay informed about changes in tax policies. A Day Of Entrepreneurship A typical day for Avdesh begins in the office at 10 AM, where the atmosphere is largely relaxed unless critical network outages emerge. His daily routine involves checking in with different teams for updates and coordinating efforts to address any ongoing issues. However, when emergencies arise, such as network outages, the pace intensifies dramatically, leaving no time for breaks. This dynamic nature of entrepreneurship keeps each day interesting and provides opportunities for learning and growth. In his role, Avdesh must balance overseeing technical operations while also managing customer service demands. His commitment to providing excellent service is evident in his hands-on approach, ensuring that his team is prepared to tackle any challenges that may arise throughout the day. Avdesh's experience exemplifies the highs and lows of entrepreneurship, illustrating the rewarding yet demanding nature of this career. The journey of entrepreneurship is undoubtedly challenging yet rewarding, as Avdesh Goyal’s story illustrates. His insights into the world of internet services shed light on the necessity of education, skills, and adaptability in forging a successful career. Entrepreneurs play a crucial role in driving innovation and meeting the essential needs of society. As they navigate through both hurdles and victories, their contributions create lasting impacts not only in their industries but also in the lives of those they serve.

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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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