Mysorean

Rajesh Jain writes about his learnings of being an entrepreneur. There are various important points in it for budding entrepreneurs like me. More importantly, if many budding Indian entrepreneurs read this it will be great for us. We need more Indian entrepreneurs. Important points to learn from Rajesh:

1. Don't go by what you want to do. Go by what the market needs.
   
2. Unfortunately, if you face a failure, then don't get disheartened and go back to being an employee. Analyse your mistakes and make sure you avoid them the next time round.
   
3. Analyse your own strengths and weaknesses. Build a team complementing these attributes.
   
4. Build an ecosystem, if possible, around the central idea. This will help in sharing of resources and increase chances of success.
   
5. Always, believe in yourself. Like Rajesh believes, the next Google-like company is possible from India.

Building an ecosystem is the most important business aspect of these learnings. Many of us venture out to build companies. Individual companies might take us to a certain point. Beyond which there may (more often than not, will) be a need to depend on another company for expertise in a certain field or it could be anything.

Having an ecosystem is like building a team. It's always better to have a team with you than go at it alone. That's the bottomline. Having a team of companies is an obviously better strategy.

Let's discuss in the coming days on how we can go about doing it.

Tomorrow:

1. Initialising the team of teams
2. The discourse at Ramakrishna Ashram (continued)