Entrepreneurship, an old bug
Taking the plunge, finally!
Ekla Chalo Re (Starting up alone)
Starting up single – my view
- You need to be muti-skilled and will need to multi-task.
- Stress levels will be higher so be prepared to take care of it.
- Getting clarity and prioritizing becomes extremely important as you can’t be good at everything and will always have more things to do than the resources you have.
- Be jugaadu, take help from existing network for filling skill gaps and keep extending your network. People are generally nice and ready to help only if you know how to seek help.
- Don’t be rigid about your strategy; keep evolving, focus on vision and not the means.
- Look for innovative work arounds, following conventional wisdom in todays time is sure short way to fail.
- Get a mentor to help get clarity and validation.
- Take adversity as an opportunity to innovate
- Extreme learning
- Makes you versatile and boosts your confidence
- Gets you focused on execution and getting your priorities right, you take fast decisions and don’t waste time in unnecessary discussion and convincing at times.
- Gets you focused on customers and revenues – “The holy grail of any business”
- Have a good hold on your numbers but do not over depend on excel workbooks “avoid paralysis by analysis”
- Don’t waste too much time thinking when to take the plunge and waiting for a suitable condition (like team in place). “Entrepreneurship is not about part time it’s about lifetime” – Sumeet Anand
- Don’t blame failures on being single and try to get more people on board somehow.
- When extending leadership team if a person is previously unknown then have a good period of courtship. – “A known devil is better than unknown” prefer known over unknown.