16 May, 2009
Entrepreneurship: Understanding Responsibility
Posted by: yaser In: Entrepreneurship| Startups
Every day I come across manay youngsters (context: people younger than me, mainly students), this post is mainly related to my interaction with them. Its is to share the frustration and poor guidance they come across and draw inspiration from. So guyz who mainly inspire them please read on.
- There is a common behavior that when we are someone influential we tend to enforce our opinion based on our observations and experiences. Most of the time we skip the little desclaimer at the end that these are our experiences and you might keep them in your mind but never rely on these only.
- We understand that you might have been dicthed, exploited and used by people but not everyone comes across same breed of people or have same kind of skill set when it comes to public dealing.
- Never ever make promises or claims you can’t fullfil. Assist the people you come across in a manner that they end up doing their job themselves rather then waiting for you to do something for them.
- Tell them straight ahead that Startups are tough, not everyone can do it but don’t try to become nostradamus and predict if they are the right kind of material.
- If someone asks you for a shortcut to success; tell them there isn’t any. There is no formula to success, its always a mix and match and the combinations are different for different people. However there are some basic rules to it which are, Passion - Passion & Passion. All other qualities are derivatives of this single attribute.
- You might be a guru of what you do but don’t poke your nose in everyone’s business by giving your expert opinion on who is a success and who is not.
- Never ever direct them to make lengthy business plans and prepare feasibility and costing of millions. This halts their progress. Tell them to invent new ways of crossing the hurdles they face.
- There is no such things as VC funding an idea; don’t tell them to look for one.
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