Who is an Entrepreneur ?
• “Forget everything you learned,” they told me
on the first day of law school. Three years and
$150,000 later they erased from my mind all
the half-truths I learned from school and my
family. They were not teaching law, they
acknowledged, they were teaching thinking.
As an entrepreneur, you, too, have to relearn
everything from scratch. By yourself.
HOW I FEEl
• Mr. Fear.
• Mr. Procrastinator 95% of us procrastinate
• Mr. Over-optimism
• Mr. Nothing’ New
• Mr. Parent
• Mr. More Info
• Mr. Not Me
• Mr. Popular
HOW TO FOCUS
• Remind yourself why you’re in business.
• List your top priorities.
• Synchronize your breath and body
Being a visionary :
• Predict roadblocks.
• Flexibility to adapt to what customers want.
• vision for their personal and their business
PATH TO SUccEsS?
• Sergey Brin, his father mathematician.
• Mark zuckerberg, his father dentist.
• Roman Abramovich, Russian billionaire and
owner of football club Chelsea.
What is possible?
• Before anyone told you what is possible, you
already knew the answer: anything.
“Screw it, Let’s do it!
When you think about work, your brain can’t
focus on the fear.
Success is not over night.
• “They just hacked this in a couple nights on
the weekend, and a week later got a million
users” or “it was just a hobby they were doing
on the side, but then one day the site crashed
because of traffic.”
• MANTRA and SOUL MATES
• Don’t write mission statements.
• wendy's :healthy fast food...
• fed ex : peace of mind.,,,,
• nike :" authentic athletic performance.....
• target :'democratize design
• Its your money get it from them.
• Be specific and simple.
• Ask women about your business model.
Statistics on the growth of India’s technology driven
entrepreneurship are telling :
In a recent survey by the Deloitte group, India ranks 2nd
globally as home to the fastest growing technology firms.
82 Indian companies entered the Deloitte Technology Fast 500
list of Asia-Pacific Companies in 2007 and the companies that
have made it tothe Technology Fast 50 of India have an average
growth of 489%
India has the potential to be among the world’s leading economies
Further, India’s economy can potentially gain significantly from the
country’s characteristic features — a democratic open society, a
strong technology base (with capacity for leapfrogging),
unparalleled diversity, vibrant capital markets .
An increasingly youthful population (50% of India is 25
years and younger), a sizeable market of a large number of
customers with vast unmet needs as well as an environment of full
and free competition in the private Sector.
Statistics of entrepreneurship
• Average age of a founder is 37.
• Standard deviation in the age of founders is 8.
• Youngest entrepreneur is 26 and the oldest
one is 58. Wow, what a difference!
• Average amount of funding: Rs. 25 crore. (USD
• Range of funding: Rs 0 – Rs 72 crore. (USD 18
• India’s Ranking in Doing Business 2008
• Starting a Business -111
• Dealing with Licenses 134
• Employing Workers -85
• Registering Property -112
• Paying Taxes -165
• Trading Across Borders- 79
• Enforcing Contracts -177
• Closing a Business -137
Should We Need More Entrepreneurs
than Managers ?
• Managers employed by large corporations use their
creativity and intellect to make the Gates, Buffets and
the Murdochs richer, whereas entrepreneurs make
themselves and their nations richer.
• Over 30% of Microsoft employees are Indians. The
NASA relies on Indian brains for its various missions &
IIT graduates are considered the worlds brightest.
Why do these people flock to the US, simply because
the US has more opportunities.
• What is the Role of an Entrepreneur in
Economic Development ?
• Promotes Capital Formation
• Creates Large-Scale Employment Opportunities
• Promotes Balanced Regional Development
• Reduces Concentration of Economic Power
• Wealth Creation and Distribution
• Increasing Gross National Product and Per
• They are wealth creators.
• If India needs to exterminate poverty, we have
to grow. To grow, we have to employ the
unemployed. NASSCOM and CII have
estimated that if India wants to be a
developed country by 2020, it needs to create
10 million jobs. The million-dollar