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Success Mantras

Success mantras from successful entrepreneurs

Entrepreneurship - A blog  ››   Success Mantras

3 blogs
  • 07 Jun 2017
    Startup founders go through unknown and scary odds. Statistics shows that more than 50% of them close their shops within 12 months from the date of start of their operations.  Entrepreneurship is tough and it only gets tougher in the initial few years of operations. It needs more than dedication to succeed as a founder.   Starting with basics, successful founders are great CFOs and exceptional CMOs. Even without being to a b-school, they consistently work on differentiating their product from their rivals and ensure that they never run out of cash. They excel at building strong relationships. Beyond winning over key customers and strategic partners, they turn out to be role models for their employees.   Most start-up founders are prepared to fight for their ideas.  Passion is so important and founders should fight for their ideas, but when assumptions seem to fail one after the other, being ready to let go their ideas entirely can as valuable. When investors tear apart your latest business plan or question the market strategy, it is obvious that you may become defensive. Investors may not be right and you need strong conviction in your own ideas, but you should be open to see things from another angle and prepared to take the right action.   They all have a vision, that crystal ball mentality to project into the future. They are ambitious and aim to make a larger impact. Above all they are resilient and brave enough to swim across the toughest.  What makes or breaks a Company are this perseverance and the can-do attitude. They are inherent optimists which brings them higher level of resourcefulness. They see opportunities and capitalize on them.   Successful founders are also great communicators. One needs to have difficult internal conversations without getting emotional and building any kind of resentment. Settle when you need to, but avoid being too personal about your thoughts or about expectations from others. Sometimes it will feel almost like a marriage and your relationship will be tested, so you're going to have to genuinely build trust.   The best of them are insatiably curious about how to improve their business model. Great founders are excited and intrigued by criticism but are not afraid to ask their customers to pay for the product or service on offer. This way they not only build trust in their product, but also create a pipeline for future.  They adapt to think like their customers and when they do so, they end up creating a successful enterprise.
    465 Posted by Expert Advisor
  • Startup founders go through unknown and scary odds. Statistics shows that more than 50% of them close their shops within 12 months from the date of start of their operations.  Entrepreneurship is tough and it only gets tougher in the initial few years of operations. It needs more than dedication to succeed as a founder.   Starting with basics, successful founders are great CFOs and exceptional CMOs. Even without being to a b-school, they consistently work on differentiating their product from their rivals and ensure that they never run out of cash. They excel at building strong relationships. Beyond winning over key customers and strategic partners, they turn out to be role models for their employees.   Most start-up founders are prepared to fight for their ideas.  Passion is so important and founders should fight for their ideas, but when assumptions seem to fail one after the other, being ready to let go their ideas entirely can as valuable. When investors tear apart your latest business plan or question the market strategy, it is obvious that you may become defensive. Investors may not be right and you need strong conviction in your own ideas, but you should be open to see things from another angle and prepared to take the right action.   They all have a vision, that crystal ball mentality to project into the future. They are ambitious and aim to make a larger impact. Above all they are resilient and brave enough to swim across the toughest.  What makes or breaks a Company are this perseverance and the can-do attitude. They are inherent optimists which brings them higher level of resourcefulness. They see opportunities and capitalize on them.   Successful founders are also great communicators. One needs to have difficult internal conversations without getting emotional and building any kind of resentment. Settle when you need to, but avoid being too personal about your thoughts or about expectations from others. Sometimes it will feel almost like a marriage and your relationship will be tested, so you're going to have to genuinely build trust.   The best of them are insatiably curious about how to improve their business model. Great founders are excited and intrigued by criticism but are not afraid to ask their customers to pay for the product or service on offer. This way they not only build trust in their product, but also create a pipeline for future.  They adapt to think like their customers and when they do so, they end up creating a successful enterprise.
    Jun 07, 2017 465
  • 05 May 2017
    Elon Musk, the greatest innovation juggernaut of our time, does not need an introduction. A man with the exceptional  ability to  walk thousand miles into the future has defied conventional wisdom in realizing the  power of technology. SpaceX and Telsa, two of his greatest creations, are businesses without any significant competition and they continue to set new standards for the entire business and scientific community.   SpaceX founded in 2002,  became the first organization- superseding NASA - to successfully re-launch and land the first stage of an orbital rocket in March 2017.  The success of the mission has opened new doors for the mankind to explore deeper space.  SpaceX is also well on its path to make lunar tourism a reality by 2018.   Telsa the electric carmaker  founded in 2003, unveiled its  Model 3  in March 2016 to take on BMW 3 Series and the Mercedes-Benz C-Class. The all electric beauty hits 60 mph from a standstill in less than 6.0 seconds. With less than 1 % in revenue when compared with General Motors and US$ 1.3 billion in red, Telsa surpassed General Motors to become most valuable US car company by market cap in Apr this year.   Musk and his brother, Kimbal started Zip2, a web software company in 1995. They sold Zip2 for US$ 10 Million in 1999 and Musk co-founded X.com, an online financial services and email payment company with the help of the proceeds. Zip 2 merged with Paypal and Elon made US$ 165 million when E-bay acquired Paypal in 2001. Among others Elon is also founder and CEO of Neuralink; co-founder and chairman of SolarCity and co-chairman of Open Ai.    How did Musk achieve this in such a short duration? Musk claims that he doesn't do something because others think so but Instead he reasons from first principles to arrive at a conclusion that works or doesn't work.  What does that mean? It simply means that he questions every hypothesis until he proves it right or wrong before he draws a conclusions on the premise. So what sets him apart from the majority of us ? Unfortunately most of us work the other way. We derive conclusions and create hypothesis to prove our already derived conclusions.   Like other successful entrepreneurs, Elon is also an avid reader and follows his pursuits with a conviction. Secret to his innovations is also his optimism. He however considers failure is a feasible option. This gives him enthusiasm to take on radically different ideas and pursue them. His ultimate dream is to colonize Mars and he genuinely believes in what he is doing. The ultimate cause rather than immediate gains drive him to continue delivering innovations and impacting human lives.   The Innovator is laser-focused on his interests, intensely curious, overtly optimistic, and unafraid to fail. What about you?        
    534 Posted by Expert Advisor
  • Elon Musk, the greatest innovation juggernaut of our time, does not need an introduction. A man with the exceptional  ability to  walk thousand miles into the future has defied conventional wisdom in realizing the  power of technology. SpaceX and Telsa, two of his greatest creations, are businesses without any significant competition and they continue to set new standards for the entire business and scientific community.   SpaceX founded in 2002,  became the first organization- superseding NASA - to successfully re-launch and land the first stage of an orbital rocket in March 2017.  The success of the mission has opened new doors for the mankind to explore deeper space.  SpaceX is also well on its path to make lunar tourism a reality by 2018.   Telsa the electric carmaker  founded in 2003, unveiled its  Model 3  in March 2016 to take on BMW 3 Series and the Mercedes-Benz C-Class. The all electric beauty hits 60 mph from a standstill in less than 6.0 seconds. With less than 1 % in revenue when compared with General Motors and US$ 1.3 billion in red, Telsa surpassed General Motors to become most valuable US car company by market cap in Apr this year.   Musk and his brother, Kimbal started Zip2, a web software company in 1995. They sold Zip2 for US$ 10 Million in 1999 and Musk co-founded X.com, an online financial services and email payment company with the help of the proceeds. Zip 2 merged with Paypal and Elon made US$ 165 million when E-bay acquired Paypal in 2001. Among others Elon is also founder and CEO of Neuralink; co-founder and chairman of SolarCity and co-chairman of Open Ai.    How did Musk achieve this in such a short duration? Musk claims that he doesn't do something because others think so but Instead he reasons from first principles to arrive at a conclusion that works or doesn't work.  What does that mean? It simply means that he questions every hypothesis until he proves it right or wrong before he draws a conclusions on the premise. So what sets him apart from the majority of us ? Unfortunately most of us work the other way. We derive conclusions and create hypothesis to prove our already derived conclusions.   Like other successful entrepreneurs, Elon is also an avid reader and follows his pursuits with a conviction. Secret to his innovations is also his optimism. He however considers failure is a feasible option. This gives him enthusiasm to take on radically different ideas and pursue them. His ultimate dream is to colonize Mars and he genuinely believes in what he is doing. The ultimate cause rather than immediate gains drive him to continue delivering innovations and impacting human lives.   The Innovator is laser-focused on his interests, intensely curious, overtly optimistic, and unafraid to fail. What about you?        
    May 05, 2017 534
  • 25 Apr 2017
    An internship is to the inexperienced, what a step-ladder is to a child aiming for the cookie jar. And for an intern, who like me possesses little or no first-hand experience of working with an organization, this opportunity may possibly be the best step-ladder to their professional world.   You may either be a student undertaking the internship as a requirement to complete a course or a graduate seeking some brownie points from an organization that may later convert them into a full time employee. Either way, this internship phase if utilized optimally, may be what sets this person apart from the ever increasing pool of employment seekers today. And ensuring that your internship experience includes all the below listed essentials will grant you that extra edge you want over your counterparts.   A test-drive for your skill-set You may have a rough idea of where your core competencies lie. But there is a lack of surety at the back of every student or graduate’s mind regarding whether this assumption of theirs is in fact true. But unless they actually step up to the mantle and have their go at diverse roles, this doubt at the back of their minds may never be cleared. Doing an internship may throw light on some skills you never knew you possessed or alternatively remove a skill-set from your resume. Either way, the intern returns from the experience, better equipped to understand and define their own competencies. Jonathan Rhodes, who had interned with Oracle previously narrated that his internship with the firm “revitalized my interest in Software development and has now made me consider Oracle a possibility for future employment.”   Curiosity that kills incompetency Ask questions- good questions. Your current mentor could possibly be your future employer and a characteristic almost every employer seeks is the undying readiness of a subordinate to learn and keep learning, through rights and more importantly through their wrongs. In my own internship with Bornbrio, this was one of the first lessons my mentor taught me. One of the first assignments handed to me was to calculate the regression between the stock market indices of two countries. Sounds pretty technical, but was actually a matter of few clicks on the Excel sheet. Excited to create a good impression on my boss, I worked on it extremely fast, and by fast, I mean Hussain Bolt 9.81s 100m fast, and approached him with the finished data.  Now there was an anomaly in the trend which I ignored thinking, “You know how unexplainable these stock markets are.” But upon seeing the results, the first question that came from my superior was, “So what did you learn from the anomaly in the trend?” I was completely stumped. In my haste to complete the work, I had failed to absorb the realities of the assignment. And even though I had finished the task, I had failed to question the numbers, and take away the key learnings from the assignment.   Through great responsibilities comes greater growth When in an internship, waste no time. Take as many responsibilities as possible, even those which are not expected of you, and ensure to give them your best despite some being out of your comfort zone. Your internship is your ultimate learning platform. No textbook, exams or guest lecture can match up to the everyday lessons your direct experience as an intern teaches you about being a corporate figure. So making the most out of this internship goes hand-in-hand with learning as many lessons as your daily working hours permit. Kerry Schofield, a psychologist and chief psychometric officer at Good.Co, a professional assessment and self-improvement platform reminds us that, “You’re learning in an active, real-world environment, so your contributions (and your mistakes) affects other people [in the firm].”   Aim to do more than just ornate your resume It is a generally accepted fact that the main allure of an internship for the youth is the extra lines it will provide to their curriculum vitae (CV). And although this may be partially true, it will help to remind oneself that a CV is merely a trailer to the movie about the qualities and skills you possess. In order for your future employer to rate you well, you have to maximize exposure and experience and appropriate your skills according to the needs of the time. And that can be undoubtedly achieved through an opulent internship experience, especially one which goes beyond just performing the specified job roles.   Networking is the game-changer There may be internships where one is given menial jobs to do. Here, the scope for learning may be limited to the intern. But even so, the intern’s ability to network within the organization may even grant them that one reference which may land them their future job. It goes without a question that today a person’s growth is more dependent on their ability to create and maintain ties than any other skill. Ryan Kahn, founder of The Hired Group and author of the self-help book titled ‘Hired! The Guide for the Recent Grad’ says, “Take the opportunity to build as many quality relationships in your internship as possible. In turn, this could lead to recommendations, lasting business relationships and a full-time job.”      Experience learning While your schools and universities may have imbibed multitudes of lessons in your mind, your internship may be the chance to see some of these lesson play out before your eyes and through your fingertips. And learning through experience is any day the richest form of learning. I myself had only learnt the theories of how markets react to events. But doing a real-time financial modelling assignment around the time period when the Indian government decided to undertake dynamic pricing for petrol, really shook the framework of my model, and I was actually able to grasp the extend to which such daily macro-level changes can affect your micro-level operations.   At the end of the day, an internship is hard work and even over-burdening, in some instances. Different interns experience different degrees of hardship during their course of working with the firm. But despite all, if you are able to come out of it successfully and with a greater purview into the career you wish to grow into, then rest assured you have just learnt the greatest lesson of your professional life.
    404 Posted by Namitha Sekriya
  • An internship is to the inexperienced, what a step-ladder is to a child aiming for the cookie jar. And for an intern, who like me possesses little or no first-hand experience of working with an organization, this opportunity may possibly be the best step-ladder to their professional world.   You may either be a student undertaking the internship as a requirement to complete a course or a graduate seeking some brownie points from an organization that may later convert them into a full time employee. Either way, this internship phase if utilized optimally, may be what sets this person apart from the ever increasing pool of employment seekers today. And ensuring that your internship experience includes all the below listed essentials will grant you that extra edge you want over your counterparts.   A test-drive for your skill-set You may have a rough idea of where your core competencies lie. But there is a lack of surety at the back of every student or graduate’s mind regarding whether this assumption of theirs is in fact true. But unless they actually step up to the mantle and have their go at diverse roles, this doubt at the back of their minds may never be cleared. Doing an internship may throw light on some skills you never knew you possessed or alternatively remove a skill-set from your resume. Either way, the intern returns from the experience, better equipped to understand and define their own competencies. Jonathan Rhodes, who had interned with Oracle previously narrated that his internship with the firm “revitalized my interest in Software development and has now made me consider Oracle a possibility for future employment.”   Curiosity that kills incompetency Ask questions- good questions. Your current mentor could possibly be your future employer and a characteristic almost every employer seeks is the undying readiness of a subordinate to learn and keep learning, through rights and more importantly through their wrongs. In my own internship with Bornbrio, this was one of the first lessons my mentor taught me. One of the first assignments handed to me was to calculate the regression between the stock market indices of two countries. Sounds pretty technical, but was actually a matter of few clicks on the Excel sheet. Excited to create a good impression on my boss, I worked on it extremely fast, and by fast, I mean Hussain Bolt 9.81s 100m fast, and approached him with the finished data.  Now there was an anomaly in the trend which I ignored thinking, “You know how unexplainable these stock markets are.” But upon seeing the results, the first question that came from my superior was, “So what did you learn from the anomaly in the trend?” I was completely stumped. In my haste to complete the work, I had failed to absorb the realities of the assignment. And even though I had finished the task, I had failed to question the numbers, and take away the key learnings from the assignment.   Through great responsibilities comes greater growth When in an internship, waste no time. Take as many responsibilities as possible, even those which are not expected of you, and ensure to give them your best despite some being out of your comfort zone. Your internship is your ultimate learning platform. No textbook, exams or guest lecture can match up to the everyday lessons your direct experience as an intern teaches you about being a corporate figure. So making the most out of this internship goes hand-in-hand with learning as many lessons as your daily working hours permit. Kerry Schofield, a psychologist and chief psychometric officer at Good.Co, a professional assessment and self-improvement platform reminds us that, “You’re learning in an active, real-world environment, so your contributions (and your mistakes) affects other people [in the firm].”   Aim to do more than just ornate your resume It is a generally accepted fact that the main allure of an internship for the youth is the extra lines it will provide to their curriculum vitae (CV). And although this may be partially true, it will help to remind oneself that a CV is merely a trailer to the movie about the qualities and skills you possess. In order for your future employer to rate you well, you have to maximize exposure and experience and appropriate your skills according to the needs of the time. And that can be undoubtedly achieved through an opulent internship experience, especially one which goes beyond just performing the specified job roles.   Networking is the game-changer There may be internships where one is given menial jobs to do. Here, the scope for learning may be limited to the intern. But even so, the intern’s ability to network within the organization may even grant them that one reference which may land them their future job. It goes without a question that today a person’s growth is more dependent on their ability to create and maintain ties than any other skill. Ryan Kahn, founder of The Hired Group and author of the self-help book titled ‘Hired! The Guide for the Recent Grad’ says, “Take the opportunity to build as many quality relationships in your internship as possible. In turn, this could lead to recommendations, lasting business relationships and a full-time job.”      Experience learning While your schools and universities may have imbibed multitudes of lessons in your mind, your internship may be the chance to see some of these lesson play out before your eyes and through your fingertips. And learning through experience is any day the richest form of learning. I myself had only learnt the theories of how markets react to events. But doing a real-time financial modelling assignment around the time period when the Indian government decided to undertake dynamic pricing for petrol, really shook the framework of my model, and I was actually able to grasp the extend to which such daily macro-level changes can affect your micro-level operations.   At the end of the day, an internship is hard work and even over-burdening, in some instances. Different interns experience different degrees of hardship during their course of working with the firm. But despite all, if you are able to come out of it successfully and with a greater purview into the career you wish to grow into, then rest assured you have just learnt the greatest lesson of your professional life.
    Apr 25, 2017 404