It was their answer that took me by surprise.

Jaypee Business School students participate in E Week

The panelists, comprising entrepreneurs Prajakt Raut, Chandan Agarwal and Vijay Vashee, were surprised too.

Of all the campuses I have visited in the last few days, JBS had the highest number of students who wanted to become entrepreneurs. In fact, several of them wanted to plunge into this challenging career straight after B school.

"I don't know if there is any other wealth creating device more successful than a start up. All you would need is the skin for the game," said venture capitalist Vashee. India is the place to be, felt Vashee, who is now advising new entrepreneurs in the US to look at India.

To those seeking the "right formula", Agarwal gave a shrug. "There is no formula, this is dhandha. If you figure out that there is money in an idea, and if you are ready to go to market with it, then just do it. Just carry your common sense along with you," said this young entrepreneur from IIM-A, who started his own company in the internet space three years ago.

(L to R) Director of Jaypee Business School Dr Mohan Agrawal (left) with Vijay Vashee and Prajakt Raut at a panel discussion.

Sharing his own experience, Agarwal said the biggest challenges in today's environment are the constantly changing needs of consumers; capability of execution and scalability. Getting people who are employable is also a rising concern, he added.

Raut chose to be a little cautious in his approach. "Unless you have an idea that can't wait, it would be prudent to gain some experience in a company and learn from somebody else's wisdom," he said.

Yes sirs, we are listening!