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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!

 

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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

Entrepreneur of the Month – Cher Wang

Every month, a new entrepreneur, a new inspiration

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The technological world has always been dominated by men. But one woman stood against all odds and emerged victoriously. As our Entrepreneur of the Month, we bring to you Cher Wang – the co-founder of integrated chipset maker VIA and HTC Corporation, which manufactures one out of every six smartphones sold in the US. Her journey from being a little girl with dreams to a woman with vision, inspires people all over the world to venture into entrepreneurship.

 

In the news!

Cher is focusing on developing emerging technologies to help HTC realize its vision of “Vive Reality”, which will allow the users to interact with one another in VR and AR environments in a natural manner. As of early 2018, HTC owned more than 3,000 VR-use content items developed by Viveport and Steam, helping it take the lead over its peers in the global VR market.

The combined efforts of Viveport and Steam along with HTC turned the VIVE into reality. The development of virtual reality has laid a solid foundation for HTC to expand its reach into augmented reality, artificial intelligence, 5G, Internet of Things and blockchain.

 

Know thy entrepreneur

Cher Wang grew up in a business-oriented family, her father being the founder of  Formosa plastics and a business tycoon. She studied from The College Preparatory School in Oakland, California and pursued a bachelor’s degree from the University of California, Berkeley in 1981. However, because of her endless love for piano, she wanted to pursue music full time but she gave that up and chose economics instead which made all the difference.

She founded VIA technologies in 1987, which went on to become the world’s largest independent manufacturer of motherboard chipsets. She also founded the ‘quietly brilliant’ HTC in 1997, initially a manufacturer of notebook computers. It designed some of the world’s first touch and wireless handheld devices. Since then the brand has committed itself to smartphone manufacturing.

Despite being such an accomplished person, she prefers to stay out of the public spotlight. Philanthropy has always been her larger side.  Wang has made several contributions towards setting up charitable colleges and has also made significant donations to University of California, Berkeley, Tsinghua University in Beijing and many more.

With her innovation, determination and an aggressive business mindset, she has inspired people with her social responsibility. She has been the proverbial pebble in the pond that creates the ripple of change.

 

Entrepreneur of the Month – Larry Page

                              Every month, a new entrepreneur, a new inspiration

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Today we celebrate World Entrepreneurs’ Day – to celebrate the ingenuity and dedication displayed by millions of people who made their dreams into reality. We dedicate this day to Larry Page who is the CEO of Google’s parent company Alphabet inc. Along with this, he is the inventor of PageRank- Google’s best-known search ranking algorithm. He is best known for co-founding our most reliable search engine Google.

In The News!

Under Larry Page, Google is seeking to deliver several major advancements in a variety of industries. Due to constant quality leadership and dedication, a number of projects backed by Page have turned into companies in just one year. One such project is Waymo – a self-driving technology development company which is currently running on trial. He along with Sergey is leading several other projects in Alphabet Inc. which includes Kitty Hawk, a Silicon Valley company backed personally by Larry Page which is under prototype testing in California, Google Capital, Google Ventures and Wing which is a drone delivery company. In his recent newsletter, Page stated that with the change in Alphabet, the visibility to success has increased. This rigorous involvement of Page in start-ups has given so many entrepreneurial dreams a boost. The conclusion drawn here is that Larry Page (alongside Sergey) has learned how to set up companies with a structure of success. Of which Waymo is the greatest example. With so much coming up, there is a lot to be excited about!

 

Know thy Entrepreneur

Larry Page grew in an environment totally obsessed with computer programming and artificial intelligence. He is not only an avid reader but also a saxophone player. His excessive inclination towards music in his childhood days fostered creativity and invention in him. Music according to Larry Page has made him realize the importance of time and speed (even a millisecond) in computing. Though google.com got its domain name registered in 1997, this invention of Larry and Brin had already broken walls and was hugely popular amongst the students of Stanford University by the name Backrub – a name given by Larry Page to run the prototype of their search engine. Larry Page was the sole inventor of the PageRank and launched it in 1998. Larry stepped aside as Google CEO in July 2015 for the second time to become the CEO of Alphabet to re-organise google’s assets. As far as awards and accolades are concerned there was no looking back for Larry Page since 1999. He has bagged several prestigious titles and awards including WORLD ECONOMIC FORUM Global Leader for Tomorrow, Marconi Foundation prize,  Communication Award by King Felipe. His name regularly features in the Forbes list of most powerful people, world’s richest people and top inventors.

Larry Page is not only active in business and entrepreneurship development but he is also an investor in Tesla Motors through which he promotes the use of renewable energy. Page has also constantly been working on the socio-economic effect of advancements in technology, shortening the work week and wiping away the destructive effect of technological unemployment is his main concern.

Larry Page through his work has shown us how constant dedication and effective leadership can lead you to great heights. Larry has not only managed to be an idol for many entrepreneurs but he continues to have a hand in launching potential start-ups.

                                                                                            By Ruchika Kar

                                                                                                         

Entrepreneur of the Month – Gary Vaynerchuk

Every month, a new entrepreneur, a new inspiration

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Yet again, we bring to you another edition of Entrepreneur Of The Month and this time we have an entrepreneur whose videos and books have inspired and taught social media marketers around the world, Gary Vaynerchuk aka Garyvee, CEO and founder of VayernMedia, The Gallery and The Wine Library. Gary is also an author, speaker and an internet personality.

 

In The News !

Regarded as the top most social media expert and a serial entrepreneur, he came out on a world wide podcast to discuss why entrepreneurship isn’t for everyone. Placing facts on how 99% of start-ups fail, he stated that media may make someone look like an overnight success but only a successful entrepreneur can shed light on the real story. Gary believes that soon people in their 60s and 70s will be making online businesses and making millions and not someone in their 20s, because people think Facebook and Uber was developed by ‘kids’ so they know it all. He has an idea of turning retirement homes into incubators. Well that’s something!

 

Know thy Entrepreneur

Gary Vaynerchuk  is a Belarusian American entrepreneur, author, speaker and internet personality. First known as a wine critic who grew his family’s wine business from $3 million to $60 million, Vaynerchuk is best known for his work in digital marketing and social media, leading New York-based companies VaynerMedia and VaynerX. VaynerMedia grossed $100 million in revenue and is also partner with Vimeo to connect brands and film makers for digital content.

Gary is also an active investor having invested in Facebook, Twitter, Venmo and dozen of start-ups and has a worth of $160 million.
Gary is a frequent vlogger whose show goes by the name of DailyVee on YouTube that chronicles Vaynerchuk’s life as a businessman. He also launched a #AskGaryVee show on his YouTube channel where he answers questions on Entrepreneurship, family and his profession. He also launched a vlog and a radio show Wine Library TV featuring wine tasting and reviews which earned him the tag of “Greatest Wine Critic”.

His audience and interaction with so many people around the globe has inspired him to write books. He signed a deal with a publishing company and released his books on social media, customer acquisition, leadership and self-awareness which are four time New York Times bestsellers. His first book Crush It!  is regarded as the #1 book on Web Marketing.

GaryVee’s life tells a short story of how you can create a business out of something you love (even if it’s wine) and also how one can use his expertise to make obsolete projects, gold.

By Paritosh Sankhla