Amity School of Hospitality, Amity University Haryana, Gurugram Organized Online Lecture on Hospitality Entrepreneurship – Opportunities & Challenges by Mr. Shivaji Ghosh Hazra – Founder & MD, Koncept Living Group on 27th May 2020. Total 40 students participated in the webinar. The main purpose s to provide the information about all the basic parameters that are required to be fulfilled in order to become an entrepreneur for a layman.
The students got to know about all the essential attributes & skills which one has to develop & inculcate in himself/herself in order to become a successful hospitality entrepreneur in post covid-19 period where there will be scarcity of jobs.
Mr. Shivaji Ghosh Hazra – Founder & MD, Koncept Living Groups speaks on hospitality industry that it is a plethora of diverse fields bound together by the intent to provide topnotch services to their clients.
He also focused on Changing hospitality trends is giving way to a lot of new entrepreneurs. Entrepreneurship is a trend among young millennials. Young entrepreneurs are inspired by the success of companies such as OYO Rooms, Cleartrip, Zomato, etc. as well as some international successful companies which have raised impressive earnings and they see themselves following this trend and creating new fast-growing businesses. The following are the few Hospitality Entrepreneurial Opportunities:
1. Restaurants: Owning a successful restaurant could be one of the most exciting and rewarding experiences of one’s life.
2. Bakery/Patisserie: One can start a bakery business from home or rent premises. It’s a good business choice as there will always be a demand for bread and desserts.
3. Event Management: Event management has cropped up as one of the most profitable hospitality entrepreneurial opportunities. The number of companies/individuals organizing and hosting events has been growing rapidly. It varies from large-scale international events to small time private events. Event managers organize events such as product launching, theme parties, birthday parties, wedding celebrations, exhibitions, workshops, corporate seminars, company conferences, musical concerts, road shows, celebrity promotions, film awards, fashion, celebrity shows etc.
4. Food Franchise: An easy way to do this is to buy the franchise rights from international brands. An advantage of bringing in a well-known franchise is that the branding work is already taken care by the MNC and they have set processes in place that a new franchisee only has to follow.
5. Contract Catering: In this, a catering company is hired by a company or organisation to provide catering services every day or on a very regular basis. The range is huge. A lot of large businesses will use a contract caterer to provide food to their staff. Schools and universities use them for their students. Attractions like museums, galleries and sports venues have a contract caterer to run their restaurant or café.
He concluded the session by emphasizing to stay updated in the hotel industry to perform and excel.