Entrepreneurs should keep it real and do what is right for the organization

As an Entrepreneur, vision is something that is your strong point but it is always necessary to ground your actions in reality as you are always working constrained resources. Some of the ways you can keep your actions grounded in reality are:

  1. Find a good co-founder who compliments you and can appreciate your strengths but clearly understands your weaknesses. They should be able to expresses their opinion even if it is against what you believe works.
  2. Follow lean startup model, so that plans become result oriented and get validated before we burn too many resources on an idea.
  3. Think about what your shareholders want. If they don’t exist, atleast wear that hat for some time. Basically, does it create business value for the organization.
  4. Have some advisers with who can listen and give opinions.

What more can we do?
Please suggest.

About Rishi

Passionate about ecommerce, entrepreneurship and India

21. August 2011 by Rishi
Categories: Entrepreneurship | 1 comment

One Comment

  1. Hi Rishi, Dhana here, from Loyaltics.com, Singapore. I was navigating thru’ your blog and this post was resonating very well with me. If an aspiring entrepreneur can take care of the above 4 points, I think the rest should fall in its place. The most important, to me, is (1) Finding a Co-founder. It is not just the ‘skill and experience’ (which is what predominantly 1st time entrepreneurs look for), but the ‘emotional intelligence’ aspect that will carry the team thru’ during times of adversity.

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