@ Dubbing studio

Oh! it is not easy...all dialogues ringing in my ears :-)
But it is fun.. few more steps..next 2 days we will be mastering the move. It has been long journey!

Kruti School : Business plan and Stucture

Kruti School : Business plan and Stucture
Update on the meeting held on Saturday 01-March-2008
Raghav, Bijesh and Vilas
We had a good discussion on the Business Plan for the Kruti School.
I had my own concerns about the feasibility of the meeting and called Bijesh in the afternoon he readily agreed to join the meeting at my house. Vilas had already confirmed. Both came on time and we had good discussion for more than hour. We wanted to capture Vilas’s experience in managing a start-up and Bijesh’s fresh ideas from his “fresh” IIM experience. At the same time we did our best to go beyond “What we know “and “What we don’t know” , In fact Tata’s “Nano” was inspiration to go beyond !

Before I forget let me capture the Key points from Notes (from my new PDA!! )
Some the things which we need to define clarity
1. Parameter (in terms of size, scale and function)
2. Target Segment
3. Who’s who
4. Key Questions
5. Vision and Mission
6. Legal aspects
7. Personal Vision (Why?/context)

1. Parameter (in terms of size, scale and function)
One of the important factors to define the Business model and operational process is to looking at
- What is the size of the operation (like number of students, classes, duration of the classes)
- Definition and clarity of the Organization Structure
- Look into to pro’s and con’s of different structures like Trust, Charitable Trust, Society, Pvt. Ltd. And/or combination
- Action Item:
1. Study structures of various organizations like Manipal foundation, Ramayaa Institute, Natya Shankar , Nrutygram, Shantiniketan etc.
2. Identify list of relevant people and meet them and get further insights

2. Target Segment
We had interesting discussion about the target segment. Whether the school will cater to the Middle class / upper middle class / upper class and/or all classes together.
Bijesh and Vilas mentioned that Parents will have concern if we have students from different Socio-economic background and are taught together.
I’m sure Veena has different view on this concern. I was looking at it more from a financial model point of view. This we will take up in larger meeting. The outcome will be an input for the Business Plan.

3. Who’s who

What we discussed was we should be clear the Roles and responsibilities of each role and also the required qualification/abilities to handle the role.

4. Key Questions
We decided that to maintain list of questions that we are not clear about. We start taking actions to address these questions based on priorities.

5. Vision and Mission
Drafting a clear vision and mission statement is vital to base our activities. That needs to be taken up.
6. Legal aspects
This point also covers our structure to register Kruti as a legal entity. One of the ideas is to talk to some CA’s about this and get more details.
7. Personal Vision (Why?/context)
I was of the opinion that we all should look at answering the question “Why I’m doing what I’m doing right now?” especially in the context of setting up Kruti School. Few things which inspire me finding my passion in this process, may be like developing “Nano” , it is also like ‘omens’ in Alchemist .. I’m in search of the treasure and more interested in the journey.

Bijesh was requesting me “please don’t tell me do introspection”, I will just do it :-)

In the beginning we had discussion about leadership , whether we should have a one leader and he/she should have answers for all etc. Then we could see that Kruti School can be created with the collective leadership of the core team members.

Bijesh shared few interesting facts that normally organizations registered as Trust will not last longer than one generation. He was inspired by the Rabidranath Tagore and his Shantiniketan.

This is a brief update of the discussion and I will update the team during weekly meeting and start taking action on the action items.

Ooops – We did Discussion on Business plan without any numbers J
Last but not the least ….
Did we accomplish what we wanted to accomplish from the meeting?
I don’t know but we had lot of FUN!!!! :-)

What’s New ?

Kruti team Congratulates Alex and Shammem, they got married on Aug14th. They have been the source of strength and support for the Kruti activities. Once again congratulation and wish all the best for their life.

Some updates on what’s happening …
Movie
Movie projects is still inspiring, the team is still brainstorming on various ideas and scripts, Lets keep working on this and make the Best Movie.
Action required: Good plot/Script

Chess Workshop
We have started chess workshop in the Gurappanpalya and the plan is to have a tournament sometime in October.

Every Sunday 4:00pm to 6:00 pm … Come and have fun.

Action require:
1. Need Chess boards: request your friends in the office to lend the boards if they have for 8-10 weeks , once the workshop is over we will returns them.
2. Plan for the tournament:
Share your ideas on whom we should involve (like participants ) , One ideas is the Gurappanpalya Kids and Kids of the employees or we can have some school kids participating etc.
3. Budgets/Sponsors and logistics

Lets’s be in ACTION

Thanks and have great day
RAGHAV