Understanding the intricacies and issues facing survival Indian entrepreneurs, especially those without a financial bonanza can be a tough job.
Even now, entrepreneurship in India might not be an alternative ‘cool’ career path but a hand-to-mouth-feeding. You have to pay your bills, put food on the table, make ends meet, and all of this, when you are not drawing a heavy paycheck can be very de-motivating.
Gunjan Bagla, principal of Amritt Ventures right says that “Being an entrepreneur is a lonely business. It’s vital to have tomorrow’s ideas and work towards tremendous opportunities that open up for you.”
Your start-up might get lucky, but believe us, the first year is difficult, no matter where you start from.
For example, look at James Altucher’s life. Now a famous entrepreneur , author, investor and programmer, there were days when he just used to talk to the skankiest of prostitutes at wee hours in the morning with a camera crew around him, filming the abused and sad people, listening to the stories of bailed out prisoners and the drug dealers, for almost no money. Later on, he went ahead to write his best-selling book ‘I was Blind but Now I can See.’ Money did not rule his life, but what he loved did, as he introduced web programming in HBO, a genre that had not been explored before.
He strongly believes that more than anything, what is important is to stay lucky. And how can you do that, especially in your first year when there is a huge fiscal deficit in your own bank balance. He says stay physically, emotionally, mentally, spiritually satisfied.
There’s nothing wrong being an expert in failure. But always remember, you miss all the 100 shots that you don’t take. There will come a time when you will start measuring yourself worth with your bank balance.
STOP, right then. Don’t even do it.
It might not be a passing phase and just grown on your skin, like a leech. You need to know what makes you, you. Nothing can stop you from doing things that you really want to. Give yourself a me time. And you can follow the following suggestions, if need arises, which it will:
- Always evaluate your options. Have a Plan B. Don’t be ashamed if Plan A doesn’t work. One day, we bet, if you are consistent enough, the plan B will take you exactly where you craved to be, all your life.
- Go for what seems best: Shed your expenses, don’t buy what’s not necessary. Save your penny for your start-up. Approach the right investors. Never lose cool. No matter how much you feel berated and rebuked, which we all do. At times. But the good news is, we all overcome it.
- Keep growing: See, defining growth is difficult! Period. It means different things to different people. But you need to have a vision. Imagine, what will you do if you have loads of money in your bank account but no future around it. No urge for tomorrow. Don’t take it as a laughing joke. The quote that money can’t buy happiness is not a myth, it’s a reality.
- Follow the path: As if you are epileptic or possessed by it. No matter how many people as you to chill, loosen up. Be loud and clear. Be it with your business model, the next client you are meeting after 10 rejections or just the cracking of a code that you have failed miserably before. Passion needs to be there.
So, in short, the sole criterion of future prospects is not financial bonanza. Havent you realized it yet? The sole criterion of future
prospects is you, just you.
So, what are your thoughts? Share with us!