Great minds discuss ideas,Mediocre minds discuss events, Small minds discuss people.

Sunday, January 10, 2010

Gems from talk by sunilhanda@eklavya.org

  • An entrepreneur should be very flexible and should have  a multifaceted personality. His behaviour with customers, suppliers and govt functionaries should be different
  • To be successful, he should have exceptional domain knowledge.It means that you should know the business backwards.It is not essential that you should work in the same field in which you have knowledge,but it means that you should be ready to burn the midnight oil to gain such knowledge.
  • Your partners in business should be people whom you trust, and should possess complementary skills
  • Never acccept the stupid answer-'Nobody has done it before'
  • Have the knowledege of both your supplier and his supplier's business
  • An innovator is one who doesn't know that it can't be done.So press on.
  • As long as you are hardworking,sincere and not ready to give up, you will never fail.Persistence is the key.
  • If you are doing the donkey work even after being in the business for 4-5 years , it means that you are not doing it right.

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