The first step to run a great business is to have an idea that has a great business plan in place. In a way to provide the right platform and support for students with great ideas, the top engineering and business schools in the country have their own business plan competitions where eminent panel of judges judge these plans and the winners get to mentorship and other support apart from the prize in these competitions.
The dynamic Twenty20 format has been designed to attract a young fan base, which also includes women and children.
BCCI vice-president Lalit Modisaid to be the mastermind behind the idea of IPL, spelled out the details of the tournament including its format, the prize money, franchise revenue system and squad composition rules.
Modi also clarified that they had been working on the idea for two years and that IPL was not started as a "knee-jerk reaction" to the ICL. On 21 Marchit was announced that two new franchises — Pune Warriors India and Kochi Tuskers Kerala — would join the league before the fourth season in Organization Tournament format Currently, with eight teams, each team plays each other twice in a home-and-away round-robin format in the league phase.
At the conclusion of the league stage, the top four teams will qualify for the playoffs. The top two teams from the league phase will play against each other in the first Qualifying match, with the winner going straight to the IPL final and the loser getting another chance to qualify for the IPL final by playing the second Qualifying match.
Meanwhile, the third and fourth place teams from league phase play against each other in an eliminator match and the winner from that match will play the loser from the first Qualifying match. The winner of the second Qualifying match will move onto the final to play the winner of the first Qualifying match in the IPL Final match, where the winner will be crowned the Indian Premier League champions.
Player acquisition, squad composition and salaries A team can acquire players through any of the three ways: Players sign up for the auction and also set their base price, and are bought by the franchise that bids the highest for them. Unsold players at the auction are eligible to be signed up as replacement signings.
In the trading windows, a player can only be traded with his consent, with the franchise paying the difference if any between the old and new contract. If the new contract is worth more than the older one, the difference is shared between the player and the franchise selling the player. There are generally three trading windows—two before the auction, and one after the auction but before the start of the tournament.
Players can not be traded outside the trading windows or during the tournament, whereas replacements can be signed before or during the tournament. Some of the team composition rules as of season are as follows: The squad strength must be between 18 and 25 players, with a maximum of 8 overseas players.
A team can play a maximum of 4 overseas players in their playing eleven but there are some instances in IPL when a team have been played with less than 4 overseas players.
Since the season, the player contracts are denominated in the Indian rupeebefore which the contracts were in U. Overseas players can be remunerated in the currency of the player's choice at the exchange rate on either the contract due date or the actual date of payment.
This received significant opposition from franchise owners who complained that richer franchises were "luring players with under-the-table deals" following which the IPL decided to include domestic players in the player auction.
Since the players in IPL are only contracted for the duration of the tournament less than two monthsthe weekly IPL salaries are extrapolated pro rata to obtain average annual salary, unlike other sport leagues in which players are contracted by a single team for the entire year.
The others teams are not awarded any prize money. The IPL rules mandate that half of the prize money must be distributed among the players. However, a penalty may be imposed if the umpires find teams misusing this privilege. Each team is given a two-and-a-half-minute "strategic timeout" during each innings; one must be taken by the bowling team between the ends of the 6th and 9th oversand one by the batting team between the ends of the 13th and 16th overs.Comment by TED MUNDA - May 12, at am.
Start a vineyard/winery in Newberg/Dundee Oregon. I know your rules state that the business must break even in 60 days, profit in but these guys are making a killing! Startup Incubators in India are proving to be a boon to the startup ecosystem. With India being in the top five startup nations in the world and the Government pushing all the right buttons.
timberdesignmag.com is a tie-up and a consortium of all the college campus festivals in India. Our aim is to connect students from campuses all over India by making them aware of Technical, Cultural, Management Fests, Workshops, Conferences, Seminars organized by each and every college in India.
Top Business Plan Competitions in India - A Quick Overview Brindaa Lakshmi K The first step to run a great business is to have an idea that has a great business plan . What is Mobirise?
Mobirise is a free offline app for Windows and Mac to easily create small/medium websites, landing pages, online resumes and portfolios, promo sites for .
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