My Learnings: Start Up, Management, Venture Capital, Work Life

Here is what a first time entrepreneur experiences in building a start-up and life... mistakes,learning and growth

Thursday, December 01, 2005

What I learnt running a start up?

Two things.
  1. We need to Plan & execute but still remain Open: To put it simple, we should decide where we want to go (Focus, Plan) and start moving on the road that lies ahead. (Mostly, only the mountain is visible and the road is not even clear till one starts moving towards i)At the same time we need to keep asking ourselves " Is this where we want to go? Is this the path I want to take?", as we get answers, we have to make adjustments. Opposite to this, one may remain still, not moving untill deciding on the best path. I learnt that it's a wrong thing to do.
  2. Decide and then JUST DO IT: It's difficult to know which decision is right. Simply put one rarely have all facts in hand to 'Take the Right Decision' , but one can definitely works all the ways possible to make one's decision right. At times, when we decide things are clearer and one can weigh the odds against evens. But, very often things are 50:50 or 51:49 and then what is important for an entreprenuer is to take an option and get all the energy, team and resources in doing it. The team shpuld look at options, ways and strategise to ensure that the option THEY CHOSE becomes the right option.
What kills good ideas and visions is too much of thinking, too much of calculations, half heartedness and weighing pros & cons while one is executing it.

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