"Entrepreneurs are seekers.
And they are always open to change. There are different kinds of pressures
operating at each stage -- you evolve and learn to cope with them." ~~ Rashmi Bansal
(Book: Stay Hungry Stay Foolish)
"There’s no such thing as a
failed entrepreneur. You are a failed entrepreneur only when you quit, until
then you are simply not successful -- yet." ~~ Rashmi Bansal
(Book: Stay Hungry Stay Foolish)
"If you are starting a
business, to make money don't do it. Chances are you will fail because there
will be hard times. And if your motivation is not something beyond money, the
hard times will test you. You will quit and go back to your job. But if you are
doing something for other than money, you will rough it through the hard times." ~~ Sanjeev
Bikhchandani (Founder and executive vice chairman of Info Edge which owns
Naukri.com)
"More than monetary sacrifice,
it is really the sacrifice of time when you are an entrepreneur. And that is a
much more expensive sacrifice than money." ~~ Shantanu Prakash
(Founded: Educomp Solutions Limited)
"Develop a thick skin if you
want to follow your heart. Because chances are your family and friends might
not understand or approve of your idea." ~~ Vinayak
Chatterjee (Founder: Feedback Ventures)
"Have patience during
difficult times. Don't lose your balance and try to carry the team with
you." ~~ Madan Mohanka (Founder: Tega Industries)
"Luck
is very important -- it is 50%. But that luck will not come unless you put in
the effort and in the effort, a very important element according to me is a
daily review of what am I doing, where I am and being ruthlessly honest with
yourself. Most people blame the environment -- My belief is I can change and
that we must learn to nakedly honest with ourselves." ~~ Sunil Handa
(Founder: Eklavya Education Foundation/Core Emballage)
"You
are hurting the business if you keep giving bigger jobs to the original team
when you know there is someone else who can do it better. As fresh blood comes
in its only natural that some of the older folks who don't scale up their
skills get left behind." ~~ Deep Kalra (Founder: MakeMyTrip)
"If you fundamentally believe
in your business, you aren't guided by 'popular opinion'. You go by your own
gut feel and put your money where your mouth is." ~~ Rashmi Bansal
(Book: Stay Hungry Stay Foolish)
"Never
have equal partners. You start off as equals but then one does more, one does
less, one is the public face, the other is not and then slowly the whole things
disintegrates. Also, there shouldn't be too many partners." ~~ Rashesh Shah
(Founder: Edelweiss Capital)
"Everyone
is not going to survive no matter how talented you are." ~~ Nirmal Jain
(Founder: India Infoline Ltd.)
"Entrepreneurship
is risky. So you should have a mindset, should be prepared to fail. If you are
not prepared to fail and can't handle failure then this is not your cup of
tea." ~~ Nirmal Jain (Founder: India Infoline Ltd.)
"It
has to be an inner drive to succeed in what your objective is. And it cannot be
money in my mind. If you want to get into entrepreneurship to make money, I
don't think you will be as successful. Because ultimately there is only one
thing that drives this -- passion. I will quit the day I don't have any more
passion for this job. I am very certain." ~~ Vikram Talwar
(Founded: Exl Service)
"Choose
a goal and focus on it. It can be in the area of product, service or knowledge.
Longevity of the field is important. Combine reason and intuition. If there's a
tie go with the institution." ~~ K Raghavendra Rao (Founder:
Orchid Pharma)
"Plans
are all okay, but if you don't have the courage to make mid-course corrections
and changes particularly in highly changing environments like the technology
space, you will get into trouble." ~~ Jerry Rao (Founder: Mphasis)
"Breakups and shakeups are
part of entrepreneurial life" ~~ Rashmi Bansal (Book: Stay Hungry
Stay Foolish)
"You
have to be willing to work as a partner with people. You have to be diplomatic.
And understand one thing: you are not greatest, you are not the best. You are
putting together the team, you are coordinating. Someone else is giving the
money, someone else is actually working and it's an idea -- you are all trying
to make it happen." ~~ Shiv Raman Dugal (Founder and
Chairman, Institute for Clinical Research in India, ICRI)
"First
is passion, if you are not passionate about what you are doing, then you are in
the wrong place. Second, is courage. The buck stops with you. You cannot say
that maybe, this or that. And you have to be comfortable with the choice even
if it goes wrong. When you succeed, all your past and failures get wiped
away." ~~ Shankar Maruwada (Co-Founder: Marketics)
"One
has to have a creative streak of one need to be an entrepreneur. A strong
desire to want to create something and to make that happen." ~~ Deepta Rangarajan (Founder: IRIS Business Services Ltd.)
"The single most important
quality you need to have and cultivate firsthand is to get up and walk every
time you fall down." ~~ Vijay
Mahajan (Founder: Basix)
"Create love and affection in
your workplace. People give up their lives for what they love but no one will
do it for EBITDA." ~~ Anand
Halve (Founder: Chlorophyll)
Hope
you enjoyed reading this collection of quotes.
