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An entrepreneur must not only create a new product but fundamentally alter the very behaviour of consumers; create societal change. The entrepreneur must have a business model that is markedly different from the existing ones. However, the uniqueness of the business model must not be at the cost of viability.
To be safe, swift, and profitable was the mantra.
This was a lesson I had learnt early in life. When people say it cannot be done, don’t accept it easily but get into the habit of checking the rule book yourself.
As a team leader I was tough. Between a tough leader and an easy one, one would prefer to work for an easy boss. But a leader who is not a taskmaster will cause the net energy of the organization to be negative and employees will not feel motivated.
Competition can only kill business when the business is inefficient. Competition helps to improve quality and brings down prices and is therefore good for the consumer. Monopoly, on the other hand, invariably stifles business. It is good neither for the consumer nor the business nor the industry.
that the challenge of creating something is worth striving for, living for, and dying for.
Obsessive attachment makes it difficult for the entrepreneur to allow his enterprise to develop along professional lines.
Fortune favours the brave.
Successful business people became successful because they took risks. The biggest risk is that once successful, they stop taking risks. I become insecure if I cannot take risks. Without risks life becomes meaningless, and would imply that I had courage when I built up Deccan, but that now have become timid because I wish to protect my wealth.
The exhilaration lies in building and creating.
