Startup Guide

I have a dream…

Making history out of nothing at all! That’s an entrepreneur! The ones who dare to pursue their dream despite knowing that the journey ahead is not a cakewalk and they are the ones who know what success is. They do not follow footsteps but prefer to create their own paths. Where angels fear to tread, entrepreneurs boldly stare in the face of peril. Entrepreneurs aren't born, they emerge to taste success. It is a focused dream that propels an entrepreneur forward. An unending resource of built-in enthusiasm and boundless energy, coupled with a never say die attitude is needed by an entrepreneur.

Here are a few characteristics of successful entrepreneurs:

1. Focus! Focus! Focus!
Staying focused, and keeping employees focused on the goal -- is often one of the most difficult tasks of the entrepreneur. In fact, one of the most important lessons business owners learn early on is that their company can't be all things to all people.

2. Where is the dream heading?
Customers maketh business! Without customers, you can't build a business. Its imperative for the entrepreneur to spend time understanding the interests and buying trends of potential customers. A successful entrepreneur is one who views the company's products or services through the consumer's eyes

3. Team-oriented. Build the Dream!
Entrepreneurs recognise that they cannot build or run their business alone. Delegating responsibilities to teams of employees or even outside consultants will not only allow the company to focus on its core competencies, but also help improve the efficiency of its operations.

4. Skills-oriented. Forward the Dream!
Each member of the team must have skills that can contribute to the company's overall performance. The astute entrepreneur makes sure that his team possesses a diverse skill base -- one that complements his or her own skills and helps create synergism in the team environment.

5. Techno-knowledgeable.
Knowledge is the key! The entrepreneur must keep abreast of the latest technology and take the initiative to hire individuals who can implement technology plans and programs.

6. Dreaming Beyond!
Businesses today target the global market. Operating in a global environment is not easy. Entrepreneurs need to understand the trends, the economic and legal issues that could have an impact on international markets and products, as well as the local customs.

7. Restructuring the Dream.
A successful entrepreneur is one who is sensitive to the changing marketplace, competitor strategies, and customer preferences. It is crucial for an entrepreneur to adapt his products or services according to the latest market trends.

8. Dreams to Reality.
Making money and profits necessitates effective management of finances. Being financially astute, carefully managing vendors and suppliers, and hiring the right team of financial advisors definitely leads to a business flourish.

9. Make it Happen!
Successful entrepreneurs do not get overwhelmed or disturbed by day-to-day problems. They muster courage to overcome all odds. They have a vision for the future of their company. They strive to understand the trends and forces that will influence their ability to achieve that vision.

These are only some of the characteristics that make an entrepreneur. Take Kabir Mulchandani, Sabeer Bhatia, Azim Premji…they all made it! . All you need is a dream! Find yours and make it big…