Thursday, July 9, 2009

Some thoughts about Entrepreneurship!

I live in a country which itself is a Startup. Ya, I am not joking but this is reality. If you will collect the data you will find that India produces sufficient amount of Entrepreneurs. Actually there is a reason behind this. Day after day, we deal with situations around us that are similar to what one would face if one had a new venture or he is a budding Entrepreneur which automatically develop skills for Entrepreneurship. Also India has a strong environment for companies as Bangalore is Asia's Heart in the field of Technology. Actually now a days not only IIMs but IITs are also providing platform for entrepreneurship. Even in our IIT(IIT Guwahati) we have our own Entrepreneurship Development Cell(EDC) which helps students in their business plans. I am an active member of EDC and have huge interest in Entrepreneurship. Lets see where life will take me!!!

I met with few really successful VCs, CEOs and Entrepreneurs like Vineet Rai(Founder & CEO, Avishkaar), Raghu Khanna(founder & CEO, cashUrDrive), Rashmi Bansal(writer of stay hungry stay foolish as well as entrepreneur), Kunwar Sachdev(founder and CEO, SU-KAM), David Wittenberg(CEO, the Innovation workgroup), R Sriram(Co-founder, Crossword), Noel J De Souza(entrepreneur), Manak Singh(EXEC Director, TiE Mumbai) and few more... They sahred their experience and gave tips and also told that why a venture capitalist fails or what are the main factors which should be taken into consideration while planning for a startup!!!...1 thing i grapsed the most is, they also felt problems but they were determined which led them to that level.
I think the 3 most imp things which are important to become an entrepreneur are
1. Idea
2. Determination
3. Contacts
All three plays a great role in an entrepreneurs life. Lacking any one of these will result in failure.

In today's environment net also play a role in building contacts. Linkedin, Blogspot provides good platform for the same. To do this just create a Blog and keep updating it regularly. A blog is a reflection of your thoughts, mind and attitude. Updating our blog regularly attracts the viewers which also helps building contacts.

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