Sunday, February 20, 2011

Lessons in Entrepreneurship...2

Every moment teaches me something in my journey of entrepreneurship, and I feel compelled to keep sharing my thoughts with all you, in the hope that you readers could benefit from my ramblings.

  1. Continue to Dream: This is one fear I constantly have; that I will stop dreaming.  So, I make it a point to sleep long and well. Start my day with a few minutes to myself, where I live all my dreams. I note all the things that I want to do, then keep repeating them to myself every once in a while so that I do not forget them.  I break down my dreams into those which I want to achieve within a short time span, and those which could remain in the realms of dreams much longer, and then assign a task force to achieve them. 
  2. Expect to be let down:  Not everyone shares your dreams or your passion.  There are many who want your success, but not the path to success.  They are the ones who want the dream, but do not want to share in it.  Expect them to say the right things but not be with you when you are in trouble.  These are the ones who are likely to say "what is in it for me?"  And these are the one to be wary of, because their path is definitely divergent from yours.
  3. Expect things not to work: It is important to believe in your dream.  Which means that no matter how distant it appears, and how dismal the results appear, one cannot give up.  Things do not work, and this is one time my belief in Murphy has been completely reinforced.  Some of your objects could get miscommunicated to your team, some of the directions could be conveniently forgotten, and some others could be misdirected.  In any event, we have to remember the travails of Robert Frost and keep trying.  Most importantly, have a plan b, c, d, e.....
  4. Trust, but verify: The path of growth requires that you have to entrust some of the tasks that you would do as an entrepreneur, to others; expecting that others will do what they are expected to, is naive.  You learn the hard way when some of the work that you entrust to others does not get done.  So, keep asking whether something has been done as required.  After something has been done, verify again and again....until you are satisfied, because that is the only person that matters for the organisation.  
  5. Finally, do not lose hope:  The endearment of a lucrative job is always there.  How much better with all support systems, a nice salary, and easier and more clearly focused objectives. But then, think of this only as the worst case scenario and that will give rise to more hope.  Once we look around ourselves and see all the other entrepreneurs equally striving, equally succeeding and equally failing, there is hope.  When you see of the courageous few who have achieved their dreams, made a name for themselves - there is hope. 
  6. Press the Pedal: So, continue to press the pedal.  If someone says you are overworking, do not believe it, because there is no such term for a growing entrepreneurship.  Care for the small things, care for the big things, keep pushing because that is the only way your dreams could eventually be achieved.

Happy Entrepreneurship!

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