Stay Hungry Stay Foolish by Bansal rashmi

Author:Bansal, rashmi
Language: eng
Format: epub
Publisher: Westland Publishing
Published: 2012-08-14T16:00:00+00:00

* * *

ADVICE TO YOUNG ENTREPRENEURS

You have to build a core team, delegate and empower your people. When you have done something on your own for 5-6 years you can obviously do it better than anyone else who joins you. So there is always a frustration over why this person I have recruited is not doing it the way I would have thought or done. But you have to get over that, train your team and let them make things happen. Of course you can’t go hands off very soon or things will go out of control. It’s a delicate balance.

Entrepreneurship is risky. So you should have a mindset, should be prepared to fail. If you are not prepared to fail and can’t handle failure then this is not your cup of tea. As late as 2003, we were prepared to lose everything and give up and start once again on our own.

You should have the ability to build a team of the right people and not people you like. Many times you have grown with certain people and become very friendly with them. It is difficult to give a negative feedback or get performance out of them and this is a human problem. But you can’t get emotionally attached to people and base business decisions on that.

Ideally, you should work in a large or good medium-size organisation before starting on your own. That always helps.

Whatever the number of partners, there has to be one leader. If there are 3-4 people at the same level and you try to arrive at a consensus, that is the worst of all. Whether it’s an army or a country or a company there has to be one person, one leader in charge.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.