Many places you hear about individuals talking about 'Entrepreneurship'. You hear this word from those who are successful, those who are not and also those who are in the process of falling into one of the first two categories.
After reading the stories from Subrato Bagchi on 'Making of Mindtree', it inspired in me and my dear friends on the specifics of 'Entrepreneurship', from 'What' to 'How'. Let me share some information from the discussion.
Every entrepreneur has to first answer these two questions.
1. Why do I want to open an Enterprise?
2. Why would my Enterprise be a success? What are the strengths I have to make it a success?
Now, how to answer these questions?
Are you doing business because you have 10 crores of money to spend? Or is it a unique business idea you have which you would like to see taking shape? If you are not passionate about your business, not committed, can not give your 100% effort and time, lets not talk about this any more. If you are into a startup you have to give up two things. All of your time and all of your money. Only then I feel its possible to shape an individual's imaginations.
More in my next post...
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