Day-Dreamer's Diary

Archive for June 2011

As you spend time in this world, there are few things that you learn by experience. But the ‘cost of experience’ is really high. The another alternative yet complementary way of learning would be take knowledge from who have already done what you are doing. Listen to him very carefully.  Make it a ‘rule’. Remember it each and every time and apply in your life.

I believe rules described here are mandatory for all entrepreneurs with no exceptions at all. Most of them can be easily derived from common sense. However, one should appreciate the gravity and importance of these rules. Some people are so expert in practicing these rules that it has eventually become their habits.

Rule # Don’t be lethargic. Being lethargic is one of the worst thing that can happen to an Entrepreneur. 

Does it happen to you that few things are not done not because you were not capable or you did not put any efforts. They were messed up because you didn’t take any timely action Timely action is the essential to make your start-up as well as yourself stress free. You will be able to think with open mind when it is not blocked with stress. The decision making should be done only in this particular state of mind. No need to do things early, just make sure it do it on right time. Take the action, difficult it might be, but take the call.

You have a meeting on Tuesday and you know that you are not you might need at least a dozen hour to make that pitch. Think thoroughly, consider all the options. Take the action a week before. Start with something small and keep improvising it. But again, take a timely decision. Working overnight over weekend won’t get you good result. However, I am not against this model of working but it should not be done when mission is critical. If you are working on your idea with no deadline imposed, Probably working late nights continuously would be a good idea. But in this case its not.

Remember this rule. Write it on your arm, make a cheat sheet, make a wallpaper on your blackberry – do whatever you want to, to keep it in your memory.  But not following this is not an option.

I sometimes wonder if there were some base rules in the management as well like there is in science. You can solve most complex mechanical problem using Newton’s threes laws of mention. Well, I guess if given some deep thought I believe there are such basic rules in the management as well.

It might seem as obvious as Newton’s first law of motion, but you have to abide this rule in order to build a good team which can pull your organization.

“ALWAYS HIRE SMART PEOPLE.”
-daydreamer

Yeah, as simple as that.

Probably I might have to replace few of my team members in order to abide this rule, but that’s the call I will have to take. Although, it might be difficult to judge this based on a simple half an hour personal interview. But any how, you have to full fill this criteria.

Why do we so many so many street smart entrepreneurs who made millions without any formal education. Why even the best MBA schools of the world could not formalize these lessons learnt by these entrepreneurs.
Well, probably they did. Probably this is exactly what they teach in their well known entrepreneurship courses, but you can learn swimming by reading books. The best way to learn swimming is to take a dive into the pool. Books might help you with tricks which could help you in learning it quickly. But overall, holding your breath, getting your lungs filled with water, you sneeze for many days, you find yourself dumb as your nose and eatrs are filled with water, but in a matter of few days, everything is passed with nothing left but the joy of swimming.

These are just essential part of the learning. You fall, you make mistakes, you screw yourself over and over and you learn from each and every mistake, that is the only path to success.

A man who did not make mistakes probably didn’t put enough efforts.

Things are bit difficult on my side these days but this motivation is keeping me alive. Few more months and I will bring things on track.