The dreams of doing business… Thursday, Sep 28 2006 

CHAT on the link

http://ia.rediff.com/money/2006/sep/26inter.htm?q=bp&file=.htm
(Interview of an enterpreneur telling his secrets)

Highlight :

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What are the biggest lessons that you have learnt from your varied experience?

No one knows anything, least of all any supposed management guru or consultant or expert. You can discover your own rules and create your own playing field. It is better to move in business as an innovative na?ve person than as a cautious experienced person.

What would you say to budding entrepreneurs or tech students who might be the next big entrepreneurs?

Don’t listen to the Gartners, the IDGs, the BCGs, the KPMGs, the PwCs. They know nothing! Reject the job offers from the Goldmans and the Lehmans. . . Why do your B Tech in Computers and MBA in marketing to become a banker?

Understand the gaps in the market. Create a product that can service those needs better than anybody else can, sustainably and do it at a really low cost.

And dream big. The earth’s the limit.

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CHat:
me: he is convicted about his goals in life
and that is good indeed
the last para is imp. where he tells abt finding a gap..matching with product..keeping cost low…thats the main principle of enterpreneurship
its good that he is sticking to it

.
: i like the statement ” You are taught to be an ‘employee’ and not an ‘employer,’ and you are actually handicapped compared to someone who hasn’t gone through the degree programme. You will typically end up working for an unschooled person like me”
: what do you say on this?
.

me: it is correct
we r not taught to become enterpreneur in degrees
prob. some is taught in MBA
but not certainly in typical BE
it is there also in commerce upto some extent
but why technology shud everytime get converted in business
if u r a born enterpreneur, nothing shud stop u
and if u r a not used to it, u may end up in research in the business also
.

: He said even MBA program don’t teach to be entrepreneur so it is basically you should know what do you want to do in the life
.

me: enterpreneur is diff..and what do u want to do in life is difff….2nd is not taought in MBA but first is..some extent
there are ppl who DO NOT want to be enterpreneur in life…
any education, any training MUST lead you to become an enterpreneur..is the myth in today;s market economy…
so its cross in the cross….already edu is not teaching enterpreneruship..which is indeed reqd…still I say ki its not everything as far as ‘what do u want to do in life’ is concerned

Project Management Musings Tuesday, Sep 26 2006 

Many times the project management is considered as very simple and some times very difficult.
Essential things for a successful project is -
1. Very good Leader and team of follower team members.
2. Very good team members but having good spirit.

The problem in first situation is that the leader alone cannot push or drag everything if the team members are not having enough capacities.

The problem in second situation is that the very talented team members very rarely find good spirit amongst them.

Hence the solution for the first thing is very hard work by leader in field to train; mobilise and improve the performance from average to above average level.

And, the solution for the second thing will be leader sitting back, not involving himself in ego issues and just handling the talent for the performance.

The disaster in first situation will be the leader relying on people’s management and being happy that the management issues are in control and not trying to act personally to increase the quality.

The disaster in second situation will be leader entering into the Ego issues and going face to face with the team members for the small wins.

These small wins are always crucial. There is always a certain feeling in professionals about the superiority. Either it comes from ‘i am more talented than others’ feeling or ‘whether others are going ahead of me’ feeling.
Actually both are the two faces of the same coin.
The small wins in every third sentence actually do no serve any purpose. But they are very part of any talented professional. These things happen everywhere in any moment of day. In hotels, In lobbies, at desks, at dinner tables..People just discuss many things as they are very good at it. And then they keep on finding points to serve.
Some may call it as being passionate, some may call it as the win of their talent and brain, some may even call it as the preparation of the GD for the next MBA entrance exam..!

But still the fact remains that these wins do not serve the person in long or short run. And ofcourse not in the spirit of the team.