- Comfort with postponed gratification is a critical requirement of entrepreneurship.
- Even if remotely, the thought of safety net haunts you and you cannot talk yourself out of it, you are not yet ready to set sail. When you build an organization, your own comforts must be subordinate to all other interests. Finally, there cannot be any thoughts of exit options in the event of a failure.
- Friendship can sometimes come in the way of creating great organizations. It is not best to start an organization just because you are good friends and have a great idea. Friendship can breed contempt and not only the companies go haywire, so do the relationships.
- While having a fantastic idea is a great starting point, unless there is a reasonable view of what larger business the company can be in, the life of an enterprise can be very short lived.
- Building the company is not like planting one giant tree. It is about creating an entire forest some day.
- If you do not need money, do not start a company. If you do not love money, it is unlikely that you will ever understand the nuances of generating wealth.
- Profitability is a social obligation of the enterprise.
- The foremost attribute of people who become entrepreneurs is the self confidence.
- Entrepreneurs value their sense of freedom, but they are also very disciplined.
- Providence is very powerful in our journeys and entrepreneurs should make room for it. It is not always what you bring to the table. Sometimes it is an unexplainable turn of events that changes your course.
- Entrepreneurship requires the ability to read patterns on the wall, flexibility and an uncanny ability to seize the moment.
- Even if you are entrepreneur material - possessing patience, resilience, empathy and politeness in very difficult situations - the sense of rejection can lead to occasional self pity. That is the last thing you need in such situations.
- Acceptance and rejection are equally transitory, they result in equally unpredictable outcomes and must be treated with equanimity, without involving your ego in the results.
- When you travel abroad, priceline.com is a quite useful website. :-)
