How would it be if you get to know that the founders of Rediff.com, Zivame, Snapdeal, Reliance and even Infosys are there to guide you personally into their experiences as entrepreneurs.
Who can be better people to guide you into the world of start-ups and what all you need to learn before venturing into doing something of your own and building a company that you can call yours?
This is what happened at the Bangalore Literature Festival in the month of February this year that comprised of top authors, artistes and speakers for around 24 panels and more than approximate 20,000 attendees for three whole days with topics ranging from politics to Bollywood to music and even entrepreneurship and the steps to building a successful start-up company.
So let’s have a look at the lessons that you can take away from this event:
You don’t need to plan to be an entrepreneur; you can be an accidental one
With many it has been true that they have stumbled upon a great idea of entrepreneurship and have then implemented their idea to become accidental entrepreneurs, only because of their will power, determination and conviction or maybe because of some external stimuli that comes in the form of a given situation which leaves you with no other option other than starting up something new.
Idea need not be gizmo-related or a mapped out area
It is not true that all start-ups are somehow related to technological advancements, they can very well be a completely unchartered area, which nobody has explored so far. Something which is entirely original and comes from a deep insight and social, economic or environmental thought is much welcomed in the start-up scenario.
Continuous Evolved Learning is the Key
Identifying what can be a good idea for an entrepreneurial venture and continuing with learning procedures to solve difficult situations and having new ideas is the key to the unaltered growth of your company. You may also have to unlearn in some situations and be imaginative in your approach as you have to show how you are different than your competitors otherwise you can never have the selling benefit.
Execute What You Plan
You can have several ideas related to creating the products and services in the company, but the real task that will daunt on you is when you think of its execution, that requires knowledge of the finances needed to pull off the task, your knowhow on how to carry off the operation and the team work. You would need to carry out a lot of experimentation, management of different projects and their step-by-step planning.
Failure Is Actually the Stepping Stone to Success
When Thomas Edison failed 999 times while lighting a bulb, he claimed that not only did he finally succeed after a lot of trials and experimentation, but he also came to know 999 ways in which a bulb cannot be lighted. Isn’t it inspiring enough?
Failure lets you have the chance to comprehend and understand your mistakes in ideas and execution and certain insights into the operational functionalities of your company. You cannot learn from anything more than what you can learn through failures. The skills and knowledge you acquire along the way will lead you to not only bounce back with double the energy and passion but may also be valued enough by another company, maybe in the country or abroad.
The Fest taught that a start-up needs bright perspectives which you have fostered throughout till your present age and also perseverance and persistence that will help you keep through all your ordeals and get your work done despite rejections and adversities. You need to be flexible to create new things if your old ideas don’t work in certain circumstances.
The Fest witnessed around 60 speakers from ‘Easy Money’ book’s author, Vivek Kaul to Reliance Retail CEO, Damodar Mall and Snapdeal Co-Founder, Kunal Bahl to Infosys Co-Founder, N.R. Narayana Murthy.