Funding is Important. Internal Revenue Generation Is More Important
Next Revenue generated by start-ups gives them ultimate measure of confidence. It also teaches them value of money. Earning every dollar in the first year is many times more difficult than in later years. Earning it hard way you also realize its true value. The single biggest lesson by the business world from the collapse […]
Entrepreneur is all about taking tough and quick Decisions
Next I could see in third month of our operation that our sales efforts were not adequate and that I need to step in to correct it. Inspite of this, I allowed the situation to continue for another three months, hoping against hopes that the things will improve. The delay of three months almost collapsed […]
Partnering in a venture is like Marriage
Next Many say a marriage can survive many calamities but the difference in value system. Entrepreneurship is also like marriage where difference in value system between the business partners is bound to lead to catastrophe. If value systems do not match, there is lack of coherence in personal objectives of the venture, lack of acceptance […]
Venture capitalist works for himself, not for you
Next As a budding entrepreneur, I lived in a very ideal world. One of my understanding was that a VC would align with your objectives as an entrepreneur. I have realized that a VC work for himself, not for you. His goal is to get his investment multiply. In that he would support you as […]
Handbook for Entrepreneur
August 3, 2001 I was working as a Business Executive for 20 years. I was successful, admired by friends and colleagues. I had trotted across the globe and had worked for some of the most respectable names in the IT Industry. My salary had grown 20 times in the previous ten years and people said […]
