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Doing an Internship – Why it can be the best decision of your life?

In any walk of life, nothing can substitute experience. No good grades, no certificates, and definitely not the degrees can take the place of the work that you have done hands-on. Every employer these days expects the fresh graduates to have at least some experience in the corporate space, having picked up the work ethos and professionalism.

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From the very beginning of your post-school years, you may have seen a number of students working rigorously towards enhancing their skills by gaining ‘experience’ in the form of internships and volunteer experiences, which in turn make them more competitive in the job market.

 

The importance of doing internships in college years is indisputable. Here are five main ways that you will benefit immensely by doing an internship:

 

  1. Learn Professionalism

In the current scenario of employment worldwide, getting hold of a good job isn’t a cakewalk. You know it. Being an ardent student in class, a topper and your teachers; favourite is not going to bring your dream job at your doorstep – you know there are a thousand other people who are exactly like that, and there’s no way you stand out. Standing out, however, is important.

“You will have to step out to stand out”

An internship gives you the hands-on experience of any work environment. You get to tackle numerous problems in real time. There will be tasks and duties for you with a specific inexorable deadline. In the process of completing the duties successfully you will beat off various complications, work hard  and get more professional. Won’t all of this actually make you stand out?

  1. Enhance Your Resume

Interviewers don’t take a minute to skim out your CV, until & unless it has something which grasps their attention. The logic is simple – recruiters want the best returns on the investment that they make by hiring an employe, and a candidate with a prior work experience will surely be at the top of their priority. That is why they prefer students who have got great internship experience over those who have not.

Do some productive internships and then it’s your chance to enhance your resume. Include your internships and list down the the skills acquired, tasks thrown to you, your contribution to that company, your result matrices and everything else about your internship (bragging, eh?). This will be a great attraction in your resume, and will surely interest the interviewers.

 

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  1. Build a Network

We live in a global village, and you never know who can be of help at what time, especially in the corporate world. Your list of internships helps you here as well. In your internships  you will get to meet new and amazing people, sometimes get introduced to really big people, and you get a chance to make it to their good books.

“it’s not about what you know, it’s about whom you know”.

While this one statement may not make a lot of sense to you, but this is how the jobs market works. When you know good people, you have already showcased your good work to them through an internship, it is highly likely that you will never be having a hard time finding a job. Many a times, a company you intern with, gives you a pre-placement offer, and you are up for a very bright future, just on the back of decision you made – to do an internship!!

 

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  1. Test Your Career Plan

Well, a vast majority of undergraduates are not sure of their career plan up until the last year, when they actually find themselves in the middle of a job – many times a job that they hate! A profession may seem exciting at first sight, but it can later on turn into something that you are not at all passionate about.

Internships come as amazing opportunities to have a brief stint in each of the fields that you just might want to work in, in the future (remember, that bucket list?!). This will also help you to analyse if a specific field is something you could see yourself doing full time in future. Do internships – a lot of them, in a lot of different fields. In this process, your priorities might get completely jumbled, a desire to switch your current career path might arise, which is all for the best. Any decision that you take further, will have a component of experience in it – and that will make all the difference.

 

  1. The Finances Involved

While this may be the last thing to worry about for college goers (as per our parents), but we know, that we vouch for that financial freedom. After all, money matters. Many of the internships these days are paid, offering respectable amounts as monthly stipends. That way, internships give you an amazing opportunity give some financial backing to yourself, and have a life! In fact, it’s not even just about the money, but having money in hand also teaches you a lot of things – financial management, spendings, investments and savings! Can you imagine going through all of that learning, that too at a young age, in your college  – any other way?

Internships are one of the best ways to learn everything that you are unable to, while sitting in the lectures. The importance of internships is such, that even the government is making internships mandatory for getting degrees.

So, what are you waiting for? Grab an internship this summer, give your all to it, and we bet you won’t regret that experience.

 

Wait! Looking for an internship this summer? We have internship’s for all! Attend Panjab University’s Intern Fair on 21st-22nd April at Chandigarh. For more info visit our Facebook Page and register here.

GET HIRED THIS SUMMER!

 

Entrepreneur of the month

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“It doesn’t matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success.”

“Work like there is someone working 24 hours a day to take it all away from you.”

                                                                                                                           -MARK CUBAN

 

Know thy entrepreneur

Entrepreneur and professional sports team owner Mark Cuban has ventured into many diverse businesses. He made his fortune through the sale of startups MicroSolutions and Broadcast.com in the 1990s, and later became known as the zealous owner of the NBA’s Dallas Mavericks. Cuban has also invested in film production and has appeared on TV series such a shark tank as a “shark” investor in 2011. Also the co-owner of 2929 entertainment and chairman of AXS TV. Cuban wrote an e-book, How to Win at the Sport of Business, in which he chronicles his experiences in business and sports. His worth is an estimated $4.1 billion dollars, according to Forbes and ranked #179 on the 2019 Forbes 400 list.

 

His inspiring journey

He graduated from Indiana University. He has always been a tech-savvy person and had a hard time working for other people. Soon, he started with something of his own.  He started his own computer company named ’MicroSolutions’ for the data-transfer process from one computer to another. Though, he sold his company to CompuServe in the year 1990.

Later, Todd Wager, his friend and him started ‘AudioNet’ who turned into ‘Broadcast.net.’ so they could watch Hoosier basketball while living in Dallas. Again, they sold their startup to one of the biggest internet giant Yahoo for 5.6 Billion in the year 2000. The Mavericks basketball team was bought by Mark Cuban in the year 2000 for 285 million. Everybody considered him an epitome of idiocy because he paid such a large sum of money just for a team but he did not pay heed to what people told him. For him, it was a dream come true feeling. And also since then, he never held a losing record. NBA Championship was won by DALLAS Mavericks in the year 2011. He has also become an eminent entrepreneurship spokesperson.

 

In the news

  1. 1. Mark Cuban, Roman Abramovich And Esports Helping Lead Sports Business Efforts against coronavirus. He perceived the importance of using the platform power of sport to declare that public health would inevitably have to trump athletic contests. 
  2. Cuban is “seriously considering” running against Donald Trump should the latter decide to seek a second term as US President in 2020. Earlier this month, he told a conference that running for president “is something I’m seriously considering”, although on that occasion he said he was most likely to stand as an independent.

Entrepreneur of the Month

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Introduction

 

“Yes, I’m a model, yes, I’m a woman,

and yes, I’m interested in [technology). And I think a

A lot of other young women are interested in these

areas, too, and they deserve the opportunity to learn

about them and decide for themselves if they belong

or not.”

 

-Karlie Kloss

 

 

Curiosity, Courage, and Compassion, the non-profit venture Kode with Klossy is an amalgamation of it all.

Inspired by code’s creativity, Karlie launched Kode With Klossy in 2015 to offer scholarships to tech-savvy passionate girls in New York and Los Angeles to not only learn to code but apply that knowledge to making apps and websites using various programming languages. Now the organization hosts free two-week summer coding camps where these girls explore concepts in front-end and back-end software engineering. Including languages like Ruby, Javascript, HTML, CSS, etc.

 This venture was started in partnership with Flatiron school and ‘code.org’ and later on went on to partner with ‘Teach for America’ to hire qualified instructors.

The ‘to be’ five-year-old charitable organization has grown massively in a very short span. It has quadrupled the number of scholarships to 1000 across 25 US cities and consequently has also been featured on ‘Time’s 100 lists’, the cover of Forbes and the Fast company.

The brain behind the Kode with Klossy venture is Karlie Kloss who is surprisingly an American supermodel. She stepped into the tech-realm out of a sheer passion for knowing what goes behind building apps and websites which are ruling the world.

 

In the news

 

Kode with klossy has already announced her 2020 summer camp and has hired new instructors for it while celebrating the CSED week with her team. Last year ‘WeWork’ partnered with Kloss for the second time in a row and will probably do it this year also.

Keeping her fashion game up Kloss again posed for the vogue photoshoot in a blue floral gown recently.

In her recent interviews, Karlie has talked about the importance of unapologetically asking questions and how this has helped her hustle her way to the Top.

 

Know thy entrepreneur

 

Karlie Elizabeth Kloss, the second eldest of her 4 sisters was born to Kurt Kloss an emergency physician and Tracy a freelance director in Chicago on 3 August 1992. She has done her schooling from Webster Groves High School.

Kloss was always keen on maths and science and wanted to make it big in these fields only but little did she know that she would end up being a supermodel. Her poise and the talent to grace the stage with her mesmerizing walk was identified at a local benefit runway show when she was just 13. Since then she has had a chain of achievements in her name. She was declared as one of the ‘Top 30 models of the 2000’s’ at the age of 17. She has walked for worldwide famous designers like Christian Dior and Versace among others and signed endorsement deals with big brands like Adidas and Swarovski. She didn’t limit herself to modeling and also stepped into TV.

 

But working from such a young age had its own complications. Karlie had to consistently juggle between her school and her modeling ventures and also bear bullying from her classmates because of her looks. There also came a time in her life when she started losing jobs and designers were not wanting to work with her, but without losing hope she starting cherishing what she had and bettered herself in the areas she lacked in.

Her indomitable faith helped her bounce back and by the time she was 18, she had become the second highest-earning model in the world.

Riding high on the success she could have continued in her comfort zone but being a perpetual learner she enrolled herself in a coding course and then went on to share this knowledge of hers with girls who are interested in the tech-realm by launching ‘Kode with Klossy’. Apart from tech, Kloss also has a knack for baking. She has created a recipe called “Karlie’s Kookies”. She also has her own YouTube channel, “Klossy ” which has garnered over 700,000+ subscribers and over 35 million views since it launched in 2015 and she has a powerful influence on Instagram with 8.5+million followers. She continues to inspire young women with her fearlessness and flamboyancy.

                                                                                                                                   -Ishpreet Saluja

ENTREPRENEUR OF THE MONTH

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INTRODUCTION

 

Almost every 70’s pop fan is acquainted with the name of Virgin Records. It has been home to some incredible talents like The Rolling Stones, Taylor Swift, Spice Girls, Shawn Mendes, Florence + The Machine, and many more. It has consistently been one of the topmost performing record label in the UK for the past five years. It all started when Richard Branson, back in 1970, noticed a gap in the market for selling records by post, so he initially launched Virgin Mail order, which through the years, turned out to be much more remarkable. Lately, Richard became the only person to build 12 billion-dollar companies in eight different sectors.

 

IN THE NEWS!

 

Recently, the self-made billionaires behind two of the world’s most recognized companies, Bill Gates and Richard Branson, met in Paris for One Planet Summit- a meeting designed to discuss the challenges of climate change. Richard Branson, along with other high profile business moguls like Jeff Bezos, Mark Zuckerberg, Jack Ma, and Marc Benioff have been a part of Breakthrough Energy Coalition. BEC is a group of high net worth investors lead by Bill Gates, who have made commitments to fund $1 billion worth of next-generation energy technologies globally. So far, the company has invested in a variety of pioneering ideas, including businesses developing solar grids and electric vehicles and a biotech firm.

KNOW THY ENTREPRENEUR

As a young kid, Richard had dyslexia, which nearly led him to fail out of Scaitcliffe School, an all-boys school he attended until the age of 13. Still struggling, he dropped out of high school at the age of 16 to start a youth-culture magazine named Student. It sold about $8,000 worth of advertising in its first edition. In 1969, Branson had the idea to set up his mail-order record company to fund his magazine business. A year later, the demand got so high that Branson had to open the Virgin Records store on Oxford Street. After listening to Mike Oldfield’s tape, Branson offered to find him some record deals but was unable to do so. This dismissal led him to start his own record company, The Virgin Records label in 1973, by signing Mike Oldfield as their first artist. Mike’s album Tubular Bells went on to be the biggest selling album of the decade and was also used as the soundtrack to The Exorcist.

 

 A few decades later, Branson tried to expand his business by starting his own airline company called Virgin Atlantic Airlines and a chain of megastores. However, this entrepreneurial extension made him lose his financial stability. To cope up with this, he had to sell his record label to Thorn EMI for $1 billion. Since then, the Virgin Group has reached 35 countries and has expanded to include a train company, a luxury game preserve, a mobile phone company, and a space-tourism company.

 

Richard Branson is also well known for being an adventure enthusiast. He has been the first to cross the Atlantic and Pacific by a hot air balloon. He has described Virgin Galactic, his commercial spaceline company, as being “the greatest adventure of all.” Branson has been voted to be the world’s most social CEO and the most followed person on LinkedIn. In 2004, he established a non-profit foundation termed Virgin Unite to solve social and environmental problems. He now spends most of his time working on Virgin Unite and the organizations it has incubated.

 

By Gurmehak Chopra

 

Entrepreneur of the month- Evan Spiegel

Every month, a new entrepreneur, a new inspiration.

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INTRODUCTION

Snapchat became a hotshot social media platform amongst the millennials in 2012, due to its idiosyncratic features, as its promise of unique evanescent photo images with a beguiling range of filters and lenses, as well as new formats for advertisers to reach customers.  The ephemeral messaging app quickly caught on with college and high school students, hence then began the era of Snapchat. The whizz Stanford brain came up with this innovative idea to garner popularity and connect people around the world in this dynamic society. As of March 2019, this Los Angeles-based social media messaging company reportedly has 203 million people using it daily. Now valued near $23.5 billion, Snapchat sits at $17 per share, up from a $7.2 billion valuation and an all-time low of $4.99 per share last December, according to Bloomberg data.

Credit for Snap’s eccentric nature has been accrued to Snap Inc. Co-founder and CEO  Evan Spiegel, 29. Evan Spiegel, CEO of Snap, is one of only three self-made billionaires in the world under the age of 30. 

 

IN THE NEWS!

Spiegel and Murphy have pledged to donate more than 13 million shares of Class A common stock over the next 15–20 years to art, education, and youth non-profit organization.

Spiegel addressed in a recent conference namely TechCrunch Disrupt conference in San Francisco on October 4th, 2019 that  “We’re working our way towards the future”.

After a rough two years following its initial public offering, Snap has bounced back in 2019. The company has matured its advertising business, continued to build its augmented-reality technology and renewed its demographic to Generation Z users.

Recently, Spiegel was ranked 225th in the Forbes 400-2019, with $3.6 billion net worth and 10th in America’s Richest Entrepreneurs Under 40-2016.

 

KNOW THY ENTREPRENEUR

Born to lawyer parents, Spiegel was raised in Pacific Palisades, California and attended the Crossroads School for Arts and Sciences in Santa Monica. He later enrolled at Stanford University to study product design after taking design classes at the Otis College of Art and Design and the Art Centre College of Art and Design in Los Angeles.

As a student, Spiegel interned in Red Bull’s sales department and biomedical company Abraxis BioScience, as well as worked for a software company Intuit. In 2012, he dropped out of Stanford to focus on Snapchat full-time, just a few classes short of receiving his degree. He graduated from Stanford with a B.S. in Product Design in 2018, six years after he first dropped out to start Snapchat. In 2013 Spiegel rejected an offer of $3 billion from Facebook to acquire Snapchat. When the company made it’s stock market debut in 2017, it was valued at around $24 billion and Spiegel became one of the youngest public company CEOs at the age of 26 when Snap began trading in March. 

Spiegel is married to the Australian model Miranda Ker, and together they have two sons, Hart Spiegel and Myles Spiegel. 

In September 2016 the company released its Snapchat-Spectacles, though the video-grabbing sunglasses missed sales expectations. By May 2018, Snapchat had lost $40 million in unconsumed products, having sold only 220,000 pairs within the timeframe. It suffered an abysmal setback when it’s stock market debut floundered two years ago, and today Snapchat has made a powerful comeback: Its shares rose to nearly 200% in the fiscal year 2019, outpacing the broader market and easily eclipsing the rest of its peers in the technology sector.

He works on the mantra:

‘How we can evolve things and make them better’

 

– By Arnav Trikha

Artificial Intelligence- The next revolution

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Although Artificial Intelligence was there decades ago, this is only now that it has started gaining pace and is flourishing like anything. And no industry has remained untouched from the artificial intelligence. From one’s mobile, i.e. Siri, Cortana, to the E-class in students’ college/school, almost everything is working on AI. At present, AI is being used by the big business tycoons and some of the bigger platforms such as Facebook, Google, Microsoft, and IBM. In recent years, this field has gained much ground because of the ease with which AI can crunch vast amounts of unstructured and structured data and by the enhancements in software and hardware. One such Indian AI startup founded in 2016, is Artivatic Data Labs, which to make the most out of this opportunity established their startup and till now, has got funds amounting to a total of $350,000.

But it is also true that “with great position comes great responsibility”, so here also handling an AI startup is not at all a cake walk and there are some problems that people may come across while running their startup.

Some of the issues which may be faced by AI startups are:

  • firstly, the funding problem because of the use of cutting-edge technology a considerable amount of money will be required, so one of the best means to solve this problem is by crowdfunding.
  • The other problem can be regarding the technical know-how as in a country like India not everyone is an adept in AI, so it is hard to find such a person, so appointing an adept for this job is very important.
  • A wrong training to the AI can have a devastating effect as it may change the desired outcome. Thus, the AI should be provided with the best practice in the initial stages so that it can be more precise and accurate.

Experts and veterans believe that AI will bring about the next revolution after the industrial, computer and internet ones. There is an excellent opportunity in sectors such as automobiles and health care considering the doctor to patient ratio. So it is quite clear that with so much scope in the near future, there is a high profit in this sector as it will also reduce the labour cost.

By  Ishaan goyal

HealthTech Startups – What, why, How?

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What are they?

These are companies that provide a wide range of services in the healthcare sector such as something as small as medicine delivery to something complex such as providing solutions to unhealthy lifestyles.

 

Why are they needed?

Indian healthcare sector is very disorganized and medical facilities are unevenly distributed, especially in rural areas. The national average ratio of doctors to patients is 1:1674 against the WHO norm of 1:1000, the cost of treatment varies from place to place; for example -average expenditure per hospitalization in 2014 ranged from Rs. 18,327 in Chandigarh to Rs. 32,503 in Goa. The low medical awareness and weak health infrastructure have created the need for such technology-based systems.

 

How are they faring in India?

The future of health tech is looking great as the Indian Healthcare Market is expected to be worth $280 billion by 2020, as per a Deloitte 2016 report. According to Sergio Pimenta, global head if industry manufacturing, agribusiness, and services at the World Bank Group institution, the International Finance Corporation are planning to invest in many startups in India. This health tech boom can revolutionize the quality of healthcare in India.

Some Prominent Startups:-

 

Lybrate

It allows users to choose and consult more than 90000+ verified doctors. Customers can have a one on one interaction with doctors. Patient information can easily be managed through the platform.

 

Medibox Technologies

It digitally enables pharmacies to place online bulk orders on medical suppliers. Additionally, manufacturers can carry out brand campaigns through launches, offers, and schemes.

 

Medika Bazaar

It is an online medical marketplace for healthcare needs. Consumers can compare prices, features of medical equipment and wellness products for purchase. There exists an option to buy refurbished equipment on the portal.

 

BookMEDS

The start-up is an online pharmacy where users can medicine delivered for free within four hours. Users can search according to product categories like orthopedic, homecare, Ayurvedic etc. At present, it works with 351 pharmacies. The medicines are dispensed only by the pharmacies that use their system.

 

– By Sashank  Bhargava

Why choose a Travel start-up?

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There are a lot of wanderlusts in the world and people are ready to pay a handsome amount of money for it. So it is apparent that the scope of travel startups is extensive and ever expanding, keeping in view the number of travellers and travel sites which are increasing day by day. And it has become more profitable in the last years because of the presence of active social media platforms and increase in per capita income. Oyo which was founded by Ritesh Aggrawal has now become the hub of travellers although it faced some funding problems in the initial years, in 2016, Japanese giant invested $90 million in it.

The paving stones

Some common problems which are being faced by these startups such as expansion, fierce competition, low-profit margins, geo-diversity etc. and these problems arise because of a lot of travellers and on the same time lot of travel startups offering the tour at competitive prices.

Every problem has a solution

  • Having a global presence can be the best way to counter the problem of expansion, which would make it easier to acquire and attract more customers.
  • Concerning the stiff competition, offering some special packages may help in defeating the close competitors.
  • Although there is a problem of low-profit-margin in this startup field, it can be countered by keeping the operational costs as low as possible by utilising technology and automation.
  • To not to fall behind and to combat lack of options, diversifying the available options by offering people more opportunities to explore will help in countering the problem of geo-diversity.
  • The technical backend has to be well maintained and updated.

Expand the profits

Firstly owning an advertising agency may help cut down the costs. Other ideas include having a workforce who specialise in creating the website, logo creation, providing the road maps, statistics, and accounting and also by establishing own flight search engines and more.  

Having these solutions at fingertips then the startup will be able to cope up with this competition which is prevailing in the travel industry. Keeping track of the trends using data aggregated internally and from the web as well, will result in improving the travel business as it will not get affected by the challenges.

 

By Ishaan goyal