E Club Competiion Legal consultancy.pptx
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Three law students started a one-day business as legal consultants and graffiti artists during their university's entrepreneurship week. Their business plan was to provide legal advice and create graffiti artwork. They invested Rs. 40 in supplies and generated Rs. 500 in revenue, leaving a surplus of Rs. 460. Through the experience, they learned about communicating effectively with different types of customers and gaining their comfort. They were inspired to develop improved business ideas that could potentially lead to starting their own firm in the future.
E Club Competiion Legal consultancy.pptx
- 2. REVA UNIVERSITY ENTREPRENEURSHI P WEEK 19th 23rd February, 2018
- 3. One Day Entrepreneur - Document of Experience
- 4. Name of the Company: Legal Consultants
- 5. Profiles of Team Members - Ayush Agarwal, Shreyas Johan and Vishal Prasanna are students of SOLS, Reva University. Currently studying law, Ayush, Vishal and Shreyas strive to become one of the best advocates of the country. Ayush graduated from Delhi Public School. Vishal and Shreyas graduated from Bishop Cotton Boys' School and St. Josephs Boys PU College, respectively. Ayush's father is currently involved in iron and steel trade. And Vishal's mother owns a restaurant in Hyderabad.
- 6. Nature of Business: We aim to assist our customers with our legal expertise regarding their personal or professional issues.
- 7. Business Plan for the day: Our business plan for the event One Day Entrepreneur was Legal consultants and also Graffiti Making.
- 8. Investment in the One Day Business ( With breakups ): Chart paper Rs. 20/- White A4 size paper Rs. 10/- Black marker Rs. 10/-
- 9. Innovative and Creative component in the Business: We believe that the individuals we served were treated with dignity and respect by listening to their issues with intent and understand their unique communication style. We believe that the individuals we served have a right to opportunities that enhance life choices while creating valued social roles.
- 10. Day's experience in doing business and lessons learnt: In the initial stage we had quite some trouble, while each of us had different and unique ideas which would eventually benefit our service. Ultimately we started blending into our roles as entrepreneurs (legal consultants) and as we got better and better in communicating with our customers, we found ourselves surrounded by individuals seeking for help or just standing there out of curiosity. We learnt quite a lot about how different individuals (customers) possess different communication styles and how we ought to bring them to their comfort zone so as to address their issues with no distortions of any sort.
- 11. The footfalls / Quantum of Business and total amount realized out of sales: RS. 500/-
- 12. Surplus generated after meeting costs 500 40 = 460/-
- 13. Way forward: Considering the fact that we were pretty decent with our service sales during this creative event, We as students are inspired to come up with ideas which are better and improvised so that we can, maybe one day start up one of our own business firm.
- 14. Conclusion The event One Day Entrepreneur was one of the most creative events we as participants have taken part in. We are looking forward to more events such as this. Thank you for the wonderful experience and thank you to the organizing members of the MBA department for being humble and kind to us throughout the event.