Entrepreneurship by Mr. Shaswata and Mr. Zubair

Date – 11/8/2014

Kraft Junction and Worklab – The story of two start ups

On 11^th August 2014, an enriching colloquium session on Entrepreneurship was organised. It was presided over by our very own alumnus Mr. Shaswata Majumdar who is presently the CEO of his own establishment – ChomSha Group followed by a brief session on Worklab Group by its CEO and founder Mr. Zubair Ali.

Kraft Junction

The session kicked off with Mr. Majumdar saying that his session would be an interactive one and not a speech and also laid a ground rule that both he and Mr. Ali should be called by their first names and not Sir.

Mr. Majumdar started off by talking about the basic instinct that any budding entrepreneur must have which is the leap of faith. According to him “Taking a leap of faith is not about jumping off a cliff and building your wings on the way down. It’s about being smart and jumping with a parachute on.” The setting up of any business is purely based on taking logical decisions and understanding priorities.  The following are some of the important advices on which he laid emphasis on : 

1.    Don’t go with the herd. Go for a job that lightens you and each day of yours.

2.    If you are taking up any work, make sure that you are working for the final destination and not for the journey.

3.    Believe in yourself.

4.    Be brave to fight for your dream.

5.    You must never have any regrets. If you have done something good then it’s wonderful else it’s an experience.

6.    Never make a random decision. Make a firm one so that you don’t regret.

7.    Be the process rather than just being a part of it.

Mr. Majumdar mentioned that understanding one’s colleague is one of the most essential aspects of running a successful business. Many great businesses have faltered when people couldn’t get along very well.

He also said that importance must also be given to smaller things that matter in life such as a person’s hobbies.

Before handing over the session to Mr. Ali, Mr. Majumdar gave a brief talk about online piracy.

Worklab

Mr. Zubair Ali is the founder and CEO of Worklab Group, a company that aims to fight online piracy which is presently a menace for most of the industries.  He spoke in depth about how piracy has affected the careers of many artists and how it has led to the decline in the number of people willing to take up such creative professions. He asked the students to throw questions at him which he answered effectively. Mr. Ali also spoke about the reasons for his strong belief in anti-piracy and the hardships that he had to endure in setting up Worklab Group. He wound up by saying,”By downloading any material illegally, you are taking one person’s job by which one child might lose his dream of education”. 

The two speakers then had an effective and lengthy post colloquia interaction where they interacted with students clarifying all their doubts and instilling them with motivation.

S. Deepak

(Team Colloquia Member)