Entrepreneurship 30

What is entrepreneurship all about?
 
Here are thirty thoughts on what it is and what it is not.
 
For some people, entrepreneurship is “cool” but in fact, it is easier felt than done! 
 
Entrepreneurship is:
  1. Glamorous, in the beginning;
  2. Hard (in fact, very hard), soon after;
  3. Needs a groundbreaker (pioneer, go-getter, fireball kind of) mindset;
  4. Not for you if you:
  5. …get disturbed by things you cannot control in your job;
  6. …need very clear objectives from your management to perform;
  7. …need very co-operative people to get things done;
  8. …always need someone to listen to your complaints. Ah…you complain??
  9. …are reasonable, well at least 90 percent;
  10. …think one has to lose in order for the other to win;
  11. …think that honesty was the best policy in 20th century, maybe. This is 21st – isn’t it?
  12. …think you need a perfect plan to get started (does perfection exist? Where?);
  13. Sure for you if you:
  14. …don’t depend on your MBA degree to take decisions;
  15. lead beyond your title to get things done, always;
  16. …want to take the pain of making the road;
  17. …know that someone else is going to travel that road later, but anyways;
  18. …don’t complain. About the dust. About bad people. About crazy clients. about anyone;
  19. …take responsibility for the problems created by other people;
  20. …have persistent determination; a completely different level of commitment;
  21. …listen to criticism about what you do; look at the things from multiple perspectives but still move ahead;
  22. …think you’re smart – you always learn from everyone’s (mostly others’) mistakes;  not necessarily your own;
  23. …understand multiple contexts well; better if you apply lessons learned in one into the other;
  24. …believe in creating win-win business prepositions (Haven’t read 7 Habits from Stephen Covey? Huh?);
  25. …are a (the best) people magnet – someone said ‘like attracts like’ …isn’t it? Are you?
  26. …are unreasonable;
  27. …begin with the end in mind (Covey, again) but having (smart) goals is must;
  28. …understand what ‘empathy’ means. It means: how people feel about things. It leads from hiring right person to producing great products to selling not so great products what you wanted to. Not so easy but simple.
  29. …enjoy reading (and acting upon, most important!) what Jobs or Seth or Bate have to say.
  30. …start something, right now!

 

Are you trapped in an unconstructed action space?

If you feel that your life is not fulfilled or you have got trapped into the series of circumstances, here’s a question you need to ask yourself:

Given that the information you possess today, do any of your actions represent a commitment of vigor, time, spirit, or efforts that, you would not commit to again?

Then consider few more questions like:

  1. Are there any products that you wouldn’t offer knowing what you know today – about the market conditions, quality of products, competition – anything?
  2. Are you working with an organization whose operating methodologies do not match with your principles?
  3. Are you serving a position that’s not a fit for the knowledge and skills you have cultivated over time?
  4. Is there anyone in your team, you would not hire today considering all the information you have about that person?

If you answer “yes” to any such question, the next set of questions would be even more important:

  1. Why are you offering that product today?
  2. Why are you working with that organization?
  3. Why are you serving that position?
  4. Why is that member still in your team?

What has made sense in the past may not make sense today. Yet, we’re so busy doing whatever we’re doing and find ourselves trapped in the status-quo – which is an unconstructed action space.

There may be times when the answers are not crystal clear. In a failing relationship, for example, the proper decision may not be to simply break it down but to find a common communication ground and think about the probable solutions and try to add a new life into the relationship.

May it be crystal clear or hazy,  construct the nothingness and restart. Your unconstructed action space is NOT something you wanted to be in…but has been imposed by the actions you did not control consciously.

Create a deliberate empty space that you can fill with whatever you intend to.

Mini Saga – Focus

Many people fail to understand the crux of what matters to them and hence they end up practicing their focus ineffectively.

Often they feel unhappiness because of their unfocused actions. Here’s a mini-saga that talks about it:

Essence of Focus

Rick and Peter were colleagues in a dying company.

Peter focused on his extra-marital affair. Rick focused on finding another job. Rick found one, Peter got fired.

Peter took few thousands loan from Rick.

9 months later:

Jobless Peter is hiding from Rick who is now reluctant to help colleagues.