Risk Taking and what it means to
Entrepreneurs
Sanjay Mehta
Jt. CEO, Social Wavelength
There’s risk at every stage
• Very early stage: risk of “still death”
• Early stage: risk of “infant mortality”
• Growth s...
Risks at the early stage of startups
• Starting up for all the wrong reasons: doomed
to failure
• Business Model challenge...
The “what-if” to ask as you startup
• Even if you seem to have the perfect business
plan, things may not pan out; then “wh...
Your personal risk, then..?
• Is there a family dependent on your income?
• Did you plan for a length of time, when you
ma...
Myth: entrepreneurs and risk taking
• So you think, entrepreneurs and risk taking
are synonymous??
• In fact, to the contr...
Summary
• Do not wish to discourage entrepreneurship!
• Yes, risk exists – but that is the entrepreneur’s
DNA
• Understand...
Thank you
Sanjay Mehta
Jt. CEO, Social Wavelength
http://greyhairwisdom.com
Twitter: @sm63
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Sanjay Mehta - Entrepreneurs and Risk Taking

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Sanjay Mehta's session at the NEN Webinar on 'Entrepreneurs and risk taking'

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Transcript of "Sanjay Mehta - Entrepreneurs and Risk Taking"

  1. 1. Risk Taking and what it means to Entrepreneurs Sanjay Mehta Jt. CEO, Social Wavelength
  2. 2. There’s risk at every stage • Very early stage: risk of “still death” • Early stage: risk of “infant mortality” • Growth stage: risk of “survival” • Later or mature stage: risk of “becoming irrelevant” Risk is everywhere, but only in case of entrepreneurship, there is often survival risk!
  3. 3. Risks at the early stage of startups • Starting up for all the wrong reasons: doomed to failure • Business Model challenges • Finance issues • Team challenges • Sales and Marketing challenges • Partnership Issues
  4. 4. The “what-if” to ask as you startup • Even if you seem to have the perfect business plan, things may not pan out; then “what-if”.. – You don’t get funded, or don’t get funded soon enough? – A competitor springs up from nowhere? – Not only a competitor comes up, but he prices much lower than your proposed price – Your development cycle goes longer than what you had in mind – maybe, much longer?!
  5. 5. Your personal risk, then..? • Is there a family dependent on your income? • Did you plan for a length of time, when you may not earn any money for yourself? • Are you putting your family under pressure? • Were there EMIs needed to be serviced? • When working professionals jump to entrepreneurship, risks are different – are you prepared to give up ‘the good life’??
  6. 6. Myth: entrepreneurs and risk taking • So you think, entrepreneurs and risk taking are synonymous?? • In fact, to the contrary; the role of the entrepreneur is to de-risk the business • Responsibility on behalf of various stakeholders – investors, other shareholders, employees, customers, families, etc. • Sudden change in business model, new ventures, product lines etc. need to be thought through for the extent of risk involved
  7. 7. Summary • Do not wish to discourage entrepreneurship! • Yes, risk exists – but that is the entrepreneur’s DNA • Understand risk, understand downside involved - don’t be pessimistic, but don’t be blind to risk as well! • Once those are understood and clear, work on a good, strong business model, and FIGHT ON! • ALL THE BEST!!
  8. 8. Thank you Sanjay Mehta Jt. CEO, Social Wavelength http://greyhairwisdom.com Twitter: @sm63

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