Table of ContentsIntroductionBiographyCreating WebsitesHis Dreams for His Business, AchievementsIntroduction Entrepreneurs are innovators, willing to take risks and generate new ideas to create unique and potentially cost-effective to modern problems. Entrepreneurship is not so much a skill as it is a habitual state of mind. When entrepreneurship describes activities within a company or large organization, it is called intrapreneurship and can include corporate venture, when large entities create spin-off organizations. Entrepreneurship uses what Schumpeter calls the wind of creative destruction to replace wholly or partially inferior innovations in markets and sectors. This destruction simultaneously creates new products and new business models. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay Entrepreneurship varies in scale, from solo projects (even involving the entrepreneur part-time) to major ventures that create numerous employment opportunities. The term is originally a loanword from French and was first defined by the French-Irish economist Richard Cantillon. Entrepreneur in English is a term applied to the type of person who is ready to embark on a new adventure or business and accepts full responsibility for the outcome. Jean-Batiste Say, a French economist, is said to have coined the word "entrepreneur" around 1800. He stated that an entrepreneur is "one who undertakes a business, especially an entrepreneur, acting as an intermediary between capital and labor." Born on November 4, 1986 in Bangalore, he is an Indian entrepreneur. He is the founder, CEO and chairman of Globals Inc., a multinational IT company. He took over management at the age of 17, three years after the company was founded. at the time, was named the world's youngest CEO. Eighteen years ago, when Suhas Gopinath was 14, he started Globals Inc in an internet cafe in Bangalore. At that time, Suhas did not know that he had become the youngest CEO in the world. world.Today, Globals is a multi-million dollar company with offices in the United States, India, Canada, Germany, Italy, United Kingdom, Spain, Australia, Singapore and the Middle East and has 100 employees in India and 56 abroadBiographyHis childhood & first commercial contractMr. Suhas Gopinath, born on November 4, 1986, resident of Bangalore comes from a middle-class family, where his father was a defense scientist. He did his schooling from the Air Force School in Bengaluru. As a child, he was more interested in animals and veterinary science. But when he saw his friends who had personal computers talking about them, he wanted to learn and talk on their wavelength, even though he didn't have a computer at home because his parents didn't. couldn't afford to buy it. So, Suhas located an internet cafe near his home to learn more about computers and explore the Internet. With his modest monthly pocket money of 15 rupees, he could not afford to surf the Internet every day. He noticed that the store was closed in the afternoon from 1 p.m. to 4 p.m. He therefore offered to open the net café to the merchant after his school hours and take care of the customers. In return, the owner of the Internet café let Suhas browse the Internet for free. This was the first business venture of his life and it proved successful. Building Websites Once Suhas got a chance to run the store and browse the internet, he started building websites. It became his passionin a trice. He got hooked on open source technology after he started looking for e-books on how to build websites. They were not available because they were created from proprietary sources. So he started using open source to build websites. He taught himself how to create websites using books and created his own under the name www.coolhindustan.com. Get the first contract to create a website. There is a freelance marketplace on the web where a person can register and offer their services to create websites. Suhas registered there as a website builder. The first website Suhas created was free for a New York company because it had no referrals. His first income was $100 for building another website. At that time, Suhas was only 13 years old and doing his 9th Standard. He was not keen on getting money because money was not a factor that attracted him to it. It was the passion for technology that attracted him. Suhas also used to create websites for free. At the age of 14, Suhas created his own portal called Coolhindustan.com. It was primarily focused on NRIs. It was a portal where he wanted to showcase his skills. Suhas was recognized as the youngest certified professional web developer in the world through his project coolhindustan.com. Subsequently, many companies contacted him to become their web designer. His hours spent in the internet cafe working on websites affected his studies. He spent the entire summer vacation after 9th standard in the cafe. Buying his first computer When Suhas himself was in 9th standard, he had earned enough money to buy him a computer. At that time, his brother was pursuing an engineering degree and his father thought he might need a computer. In no time, Suhas also bought a computer, but he had no internet connection at home. His hours spent at the internet cafe working on websites affected his studies. He spent the entire summer vacation after 9th standard in the cafe. Rejecting a job offer from the United States. When Suhas was 14, Network Solutions offered him a part-time job in the United States and they were willing to sponsor his studies in the United States. He rejected the offer because that was when Suhas read an article about Bill Gates and how he started Microsoft. So he was more passionate about owning a business. Many American companies associated his abilities with his age and academic qualifications and said that Suhas was too young and that they did not feel safe using his services. This pushed him to start a business very soon and show the world that age and academic qualifications do not matter. Suhas also decided to recruit only young people in his company and would not ask them for their college degrees and mark cards. Starting his own company at age 14, shortly after his standard 9th summer vacation, Suhas launched his dream company, Globals Inc, in 2000. He wanted the name to be Global or Global Solutions for his company, but both were unavailable, so he named it "Globals". He registered his business in San Jose, California, USA as Indian laws did not allow him to set up a business in his home country as he was still a minor. Suhas became the owner and CEO of the company. His friend, an American studying at university, became a board member of Globals Inc. Suhas was very excited because that was what he wanted to do. Since then, Globals Inc hassignificantly grown as a multinational IT consulting company with representation in over 11 countries. In the first year, the turnover of Globals Inc was Rs 1 lakh (Rs 100,000). In the second year, the turnover rose to Rs 5 lakh (Rs 500,000). Viewing Europe as a Market Until he was 16 or 17, Suhas didn't tell his parents that he had started a business. He kept it a secret because he thought they would object. His parents knew he was just a freelancer. Globals Inc created websites and also offered online shopping and e-commerce solutions. Globals Inc even gave part-time work to a few programmers in the United States when it received many projects, even though it never had an office. When Suhas was 16, he saw that there were huge business opportunities in Europe, like the majority of Indian IT companies. worked for American companies. When he contacted a Spanish company, they rejected his offer saying Indians did not know Spanish. As an entrepreneur, Suhas could not accept rejection. He then hired five student interns from some Spanish universities and they would be paid based on their successful sales. They were the ones meeting with companies and bagging projects for Globals Inc. At that point, Suhas decided to have a home office in Spain. He replicated the same model in Italy by contacting Italian university students. His visit to Germany to give a speech on entrepreneurship American newspapers wrote extensively about Suhas, saying he was the world's youngest CEO, at 14, from India, from a middle-class background. It was also a good story for the BBC. Suhas never expected to be in the limelight. For him, starting a business was like realizing a passion. Seeing these stories, a high school in Germany invited Suhas to speak to its students about entrepreneurship. He was then 17 years old. By then, Suhas had completed his 12th standard and joined engineering in Bangalore. By the age of 18, he had opened an office at the European headquarters in Bonn. Then, Globals Inc moved to Switzerland. Recently, Globals Inc also started its operations in Vienna. This is how Suhas expanded his business from a small internet cafe to a multinational company with significant operations in Europe, Middle East, USA, Canada, UK, Australia, etc. Registering a business in India at 18 The day Suhas turned 18, he registered his company in India under the name Globals and started his business in Bangalore with four people. He set up his business next to the internet café where he started his career. In the meantime, the store owner had closed his store and joined a factory as an employee. Every time Suhas met him, he would say, “You made me an entrepreneur, but you stopped being one.” Suhas wanted his company to also be a product development company and he focused on education, like the software that manages everything related to a child during his studies, from his admission until he leaves the school. school and become a former student. It was a nasty piece of software that the students were quite unhappy with! This software was intended only for the Indian market and Suhas aims to become the market leader in ICT in education. The software is used in over 100 schools across India, Singapore and the Middle East. Globals Inc is currently in the process of doing this. to raise funds. Once the funds are raised, Suhas plans to split the company into two business segments: service and product development...